Deep Value ETF
ALTAR
Score™
17.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.9x P/Sales
ratio
0.3x
P/BV
ratio
1.0x Div.
yield
5.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Deep Value ETF is an exchange-traded fund incorporated in the USA. The Fund aims to track the price and total return performance, before fees and expenses, of the TWM Deep Value Index. The Index is composed of typically 20 constituents of the S&P 500 Index that have been selected through a proprietary ranking system.

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts LLC
Website www.dvpfund.com
Inception date Sep 23, 2014
Assets (mns) $19
Currency USD
Expense ratio 59 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 20
Wgt avg mkt cap (mns) $18,004
Large cap (>$10bn) 60.1%
Mid cap ($2-10bn) 36.3%
Small cap (<$2bn) 3.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CARDINAL HEALTH INC 13.5 %
GILEAD SCIENCES INC 7.9 %
NUCOR CORP 7.9 %
FRANKLIN RESOURCES INC 7.4 %
HP INC. 6.6 %
CENTURYTEL INC 5.4 %
HOLLYFRONTIER CORP 5.4 %
DXC TECHNOLOGY CO. 5.2 %
LYONDELLBASELL INDU-CL A 5.2 %
AMERIPRISE FINANCIAL INC 4.7 %
Total 69.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
BRITAIN 5.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-33.9% -21.7% -0.4% -- 0.7%

Market Correlations
versus... Beta R-squared
S&P500 1.37 73%
MSCI EAFE 1.43 68%
MSCI Emg. Mkts. 1.10 62%

Technical Indicators
Recent close $20.76
30d moving avg. $19.76
Annualized volatility 27.2%
Short interest (ETF) 0.5%
Short interest (Underlying) 5.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 19
Turnover 2.1%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $7,304

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Deep Value ETF ETF based on the alternatives' overlap in portfolio holdings with DVP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DVP Expense: 59 bp ALTAR Score™: 17.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DVP
Ticker Fund
Name
Overlap1
vs DVP
(%)
Expense
ratio
(bp)
Savings
vs DVP
(bp)
ALTAR
Score™
(%)
ALTAR
vs DVP
(%)
SPDV AAM S&P 500 High Dividend Value ETF 18.9 29 30 10.9 -6.7
SDOG ALPS Sector Dividend Dogs ETF 18.9 40 19 10.9 -6.7
QVAL Alpha Architect U.S. Quantitative Value ETF 16.0 49 10 12.0 -5.6
COWZ Pacer US Cash Cows 100 ETF 16.0 49 10 10.3 -7.3
GBDV Global Beta Smart Income ETF 15.4 29 30 12.3 -5.3
RTM Invesco S&P 500 Equal Weight Materials ETF 14.0 40 19 6.6 -11.0
WBIY WBI Power Factor High Dividend ETF 13.5 70 -11 14.6 -3.0
ESGS Columbia Sustainable U.S. Equity Income ETF 12.0 35 24 9.1 -8.4
SPYD SPDR S&P 500 High Dividend ETF 12.0 7 52 10.5 -7.1
JHMA John Hancock Multifactor Materials ETF 11.6 40 19 7.1 -10.5
FXZ First Trust Materials AlphaDEX Fund 11.2 65 -6 7.8 -9.8
ONEY SPDR Russell 1000 Yield Focus ETF 11.0 20 39 8.8 -8.8
PEY Invesco High Yield Equity Dividend Achievers ETF 10.7 53 6 9.0 -8.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 9.5 39 20 11.3 -6.3
RPV Invesco S&P 500 Pure Value ETF 9.1 35 24 11.9 -5.7
SYLD Cambria Shareholder Yield ETF 9.1 59 0 10.0 -7.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.9 38 21 8.1 -9.5
SPYB SPDR S&P 500 Buyback ETF 8.5 35 24 9.8 -7.8
BBH VanEck Vectors Biotech ETF 7.9 35 24 3.7 -13.9
XLB Materials Select Sector SPDR Fund 7.7 13 46 6.1 -11.5
CUT Invesco MSCI Global Timber ETF 7.7 55 4 9.6 -8.0
JKI iShares Morningstar Mid-Cap Value ETF 7.4 30 29 10.0 -7.6
IBB iShares NASDAQ Biotechnology ETF 7.2 47 12 0.4 -17.2
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 7.2 49 10 10.7 -6.9
SPHB Invesco S&P 500 High Beta ETF 7.1 25 34 10.9 -6.6
VLUE iShares Edge MSCI USA Value Factor ETF 7.1 15 44 11.4 -6.2
RNDV US Equity Dividend Select ETF 7.0 50 9 8.2 -9.3
WOOD iShares Global Timber & Forestry ETF 6.9 46 13 10.5 -7.1
FDVV Fidelity Core Dividend ETF 6.9 29 30 7.6 -10.0
QDIV Global X S&P 500 Quality Dividend ETF 6.8 20 39 8.4 -9.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.8 30 29 9.7 -7.9
FTXR First Trust Nasdaq Transportation ETF 6.5 60 -1 8.0 -9.6
DVY iShares Select Dividend ETF 6.5 39 20 8.3 -9.3
ACSI American Customer Satisfaction Core Alpha ETF 6.4 66 -7 5.1 -12.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 6.3 35 24 8.7 -8.9
VAW Vanguard Materials Index Fund 6.2 10 49 6.4 -11.2
PMOM Principal Sustainable Momentum Index ETF 6.1 29 30 10.7 -6.9
FMAT Fidelity MSCI Materials Index ETF 6.0 8 51 6.4 -11.2
MAGA Point Bridge GOP Stock Tracker ETF 5.9 72 -13 6.7 -10.9
WLDR Affinity World Leaders Equity ETF 5.8 47 12 9.7 -7.9
FTA First Trust Large Cap Value AlphaDEX Fund 5.7 60 -1 9.8 -7.8
SPVU Invesco S&P 500 Enhanced Value ETF 5.6 13 46 11.4 -6.1
TPHD Timothy Plan High Dividend Stock ETF 5.6 52 7 7.4 -10.2
VOE Vanguard Mid-Cap Value Index Fund 5.4 7 52 8.3 -9.3
JDIV JPMorgan U.S. Dividend ETF 5.3 12 47 8.3 -9.2
VALQ American Century STOXX U.S. Quality Value ETF 5.3 29 30 9.2 -8.4
SLX VanEck Vectors Steel ETF 5.2 56 3 16.8 -0.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 5.1 64 -5 10.0 -7.6
SLT Salt TruBeta High Exposure ETF 5.1 29 30 7.4 -10.2
IYM iShares U.S. Basic Materials ETF 5.0 42 17 5.7 -11.9
PRNT The 3D Printing ETF 5.0 66 -7 1.3 -16.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 4.8 35 24 8.8 -8.8
CRAK VanEck Vectors Oil Refiners ETF 4.8 60 -1 12.9 -4.7
XTH SPDR S&P Technology Hardware ETF 4.8 35 24 5.5 -12.0
PEJ Invesco Dynamic Leisure & Entertainment ETF 4.7 63 -4 9.8 -7.8
JETS US Global Jets ETF 4.7 60 -1 8.9 -8.6
XME SPDR S&P Metals & Mining ETF 4.7 35 24 8.1 -9.5
QSY WisdomTree U.S. LargeCap Value Fund 4.7 38 21 7.0 -10.6
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 4.7 75 -16 5.9 -11.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 4.7 35 24 6.3 -11.3
RYF Invesco S&P 500 Equal Weight Financials ETF 4.6 40 19 10.1 -7.5
USDY Pacific Global US Equity Income ETF 4.6 29 30 8.1 -9.5
FDRR Fidelity Dividend ETF for Rising Rates 4.6 29 30 7.1 -10.4
IEIH iShares Evolved U.S. Innovative Healthcare ETF 4.6 18 41 3.8 -13.8
TECB iShares US Tech Breakthrough Multisector ETF 4.5 40 19 4.1 -13.5
FNK First Trust Mid Cap Value AlphaDEX Fund 4.5 70 -11 11.7 -5.9
AUSF Global X Adaptive U.S. Factor ETF 4.5 27 32 8.6 -9.0
PWV Invesco Dynamic Large Cap Value ETF 4.4 55 4 8.4 -9.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 4.4 29 30 7.5 -10.1
SDG iShares Sustainable MSCI Global Impact ETF 4.4 49 10 6.4 -11.2
PY Principal Shareholder Yield Index ETF 4.3 29 30 9.7 -7.9
PBE Invesco Dynamic Biotechnology & Genome ETF 4.3 57 2 -1.0 -18.6
FCPI Fidelity Stocks for Inflation ETF 4.3 29 30 7.0 -10.6
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 4.3 40 19 8.6 -9.0
SDY SPDR S&P Dividend ETF 4.2 35 24 7.2 -10.4
FAB First Trust Multi Cap Value AlphaDEX Fund 4.2 71 -12 10.3 -7.3
KCE SPDR S&P Capital Markets ETF 4.1 35 24 8.1 -9.5
RDVY First Trust Rising Dividend Achievers ETF 4.1 50 9 8.1 -9.5
DHS WisdomTree U.S. High Dividend Fund 4.1 38 21 8.6 -9.0
SPGP Invesco S&P 500 GARP ETF 4.0 35 24 7.5 -10.1
RYT Invesco S&P 500 Equal Weight Technology ETF 4.0 40 19 7.4 -10.1
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 4.0 40 19 8.0 -9.6
AIEQ AI Powered Equity ETF 4.0 87 -28 3.5 -14.1
FTRI First Trust Indxx Global Natural Resources Income ETF 4.0 70 -11 11.9 -5.7
FVAL Fidelity Value Factor ETF 3.9 29 30 8.4 -9.2
JVAL JPMorgan U.S. Value Factor ETF 3.9 12 47 9.1 -8.5
IYZ iShares U.S. Telecommunications ETF 3.9 42 17 8.0 -9.6
CVY Invesco Zacks Multi-Asset Income ETF 3.8 97 -38 13.5 -4.1
SHE SPDR SSGA Gender Diversity Index ETF 3.8 20 39 5.6 -12.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 3.8 20 39 7.9 -9.7
REVS Columbia Research Enhanced Value ETF 3.8 19 40 7.7 -9.9
NULV Nuveen ESG Large-Cap Value ETF 3.7 35 24 7.6 -10.0
RWL Invesco S&P 500 Revenue ETF 3.7 39 20 7.1 -10.5
IYT iShares Transportation Average ETF 3.7 42 17 5.9 -11.7
LSAF LeaderShares AlphaFactor US Core Equity ETF 3.7 75 -16 7.5 -10.1
RSP Invesco S&P 500 Equal Weight ETF 3.7 20 39 7.2 -10.4
IDNA iShares Genomics Immunology & Healthcare ETF 3.6 47 12 -2.6 -20.2
CNCR Loncar Cancer Immunotherapy ETF 3.6 79 -20 -3.3 -20.9
EQRR ProShares Equities for Rising Rates ETF 3.6 35 24 6.3 -11.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Deep Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 17.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.81 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.