Deep Value ETF
ALTAR
Score™
14.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.0x P/Sales
ratio
0.4x
P/BV
ratio
1.3x Div.
yield
4.5%


  • 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.exchangetradedconcepts.com
Inception date Sep 23, 2014
Assets (mns) $292
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) $19,119
Large cap (>$10bn) 60.3%
Mid cap ($2-10bn) 39.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CARDINAL HEALTH INC 9.8 %
MACY'S INC 7.3 %
FRANKLIN RESOURCES INC 6.9 %
DXC TECHNOLOGY CO. 6.4 %
NUCOR CORP 6.3 %
HP INC. 5.7 %
L BRANDS, INC. 5.3 %
GILEAD SCIENCES INC 4.9 %
CENTURYTEL INC 4.8 %
LYONDELLBASELL INDU-CL A 4.7 %
Total 62.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
BRITAIN 4.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.2% -1.2% 8.0% -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.23 62%
MSCI EAFE 1.13 43%
MSCI Emg. Mkts. 0.79 36%

Technical Indicators
Recent close $30.61
30d moving avg. $31.98
Annualized volatility 19.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.9%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.3%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $3,731

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 18 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™: 14.6%


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
(%)
QVAL Alpha Architect U.S. Quantitative Value ETF 22.4 49 10 12.2 -2.5
SPDV AAM S&P 500 High Dividend Value ETF 21.9 29 30 10.4 -4.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 20.7 39 20 10.4 -4.3
SDOG ALPS Sector Dividend Dogs ETF 20.2 40 19 9.7 -5.0
WBIY WBI Power Factor High Dividend ETF 18.7 70 -11 11.5 -3.1
COWZ Pacer US Cash Cows 100 ETF 17.1 49 10 10.2 -4.4
GBDV Global Beta Smart Income ETF 15.8 29 30 11.3 -3.3
SPYD SPDR S&P 500 High Dividend ETF 14.0 7 52 9.0 -5.7
JHMA John Hancock Multifactor Materials ETF 13.6 40 19 7.6 -7.1
RPV Invesco S&P 500 Pure Value ETF 13.4 35 24 11.2 -3.4
RTM Invesco S&P 500 Equal Weight Materials ETF 13.2 40 19 7.8 -6.8
ONEY SPDR Russell 1000 Yield Focus ETF 12.2 20 39 8.6 -6.1
RNDV US Equity Dividend Select ETF 11.8 50 9 8.0 -6.6
ESGS Columbia Sustainable U.S. Equity Income ETF 11.8 35 24 8.6 -6.0
FLAG FLAG-Forensic Accounting Long Short ETF 11.5 152 -93 8.7 -6.0
FXZ First Trust Materials AlphaDEX Fund 11.3 65 -6 8.0 -6.6
FTXR First Trust Nasdaq Transportation ETF 10.8 60 -1 11.7 -3.0
EQRR ProShares Equities for Rising Rates ETF 10.2 35 24 8.3 -6.3

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 19.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 14.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.82 CATEGORY
AVERAGE
1.56
 
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.