Innovation Shares NextGen Vehicles & Technology
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
0.8x
P/BV
ratio
1.5x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Innovation Shares NextGen Vehicles & Technology ETF tracks an index that uses artificial intelligence to select global stocks involved in the investment, development, or use of next generation vehicles.

FUND BASICS
Category Global Equities
Fund Sponsor Exchange Traded Concepts
Website www.innovationshares.com
Inception date Feb 13, 2018
Assets (mns) $2
Currency USD
Expense ratio 95 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 61
Wgt avg mkt cap (mns) $109,750
Large cap (>$10bn) 86.8%
Mid cap ($2-10bn) 12.9%
Small cap (<$2bn) 0.3%
Developed mkts 83.2%
Emerging mkts 16.8%

TOP TEN HOLDINGS
TESLA MOTORS INC 8.2 %
NVIDIA CORP 5.2 %
INTEL CORP 4.8 %
ALPHABET INC. CLASS A 4.6 %
BAIDU INC - SPON ADR 4.3 %
EADS NV 4.0 %
HONDA MOTOR CO LTD 3.6 %
TOYOTA MOTOR CORP 3.6 %
SIEMENS AG-REG 3.5 %
ABB LTD. 3.3 %
Total 45.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 30.8 %
JAPAN 21.1 %
GERMANY 10.6 %
CHINA 10.6 %
SOUTH KOREA 6.2 %
NETHERLANDS 5.0 %
SWITZERLAND 4.5 %
CANADA 2.2 %
FRANCE 2.0 %
IRELAND 1.5 %

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.
-1.6% 10.2% -- -- -5.9%

Market Correlations
versus... Beta R-squared
S&P500 1.26 80%
MSCI EAFE 1.47 82%
MSCI Emg. Mkts. 1.09 73%

Technical Indicators
Recent close $23.78
30d moving avg. $23.28
Annualized volatility 19.9%
Short interest (ETF) 1.5%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.3%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $24,801

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Innovation Shares NextGen Vehicles & Technology ETF based on the alternatives' overlap in portfolio holdings with EKAR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EKAR Expense: 95 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EKAR
Ticker Fund
Name
Overlap1
vs EKAR
(%)
Expense
ratio
(bp)
Savings
vs EKAR
(bp)
ALTAR
Score™
(%)
ALTAR
vs EKAR
(%)
IDRV iShares Self-driving EV & Tech 52.5 47 48 7.7 +1.7
DRIV Global X Autonomous & Electric Vehicles 35.9 68 27 6.6 +0.6
KARS KraneShares Electric Vehicles & Future Mobility Index 35.6 70 25 5.1 -0.9
CARZ First Trust NASDAQ Global Auto 29.5 70 25 12.5 +6.5
GMAN Goldman Sachs Motif Manufacturing Revolution 28.4 50 45 4.3 -1.7
LOUP Innovator Loup Frontier Tech 21.1 70 25 3.4 -2.7
XNTK SPDR NYSE Technology 19.8 35 60 4.4 -1.6
AIQ Global X Future Analytics Tech 18.0 68 27 4.0 -2.0
XKST SPDR Kensho Smart Mobility 16.9 45 50 3.6 -2.5
ARKQ ARK Industrial Innovation 16.2 75 20 1.1 -5.0
GDAT Goldman Sachs Motif Data-Driven World 15.9 50 45 5.3 -0.7
LIT Global X Lithium & Battery Tech ETF 14.8 75 20 3.6 -2.4
SMH VanEck Vectors Semiconductors 14.7 35 60 5.9 -0.2
SOXX iShares PHLX SOX Semiconductor 14.7 46 49 5.7 -0.4
PSI Invesco Dynamic Semiconductors 14.1 58 37 5.2 -0.9
BLCN Reality Shares NASDAQ NextGen Economy 12.9 68 27 5.0 -1.1
SDG iShares MSCI Global Impact 12.6 49 46 4.9 -1.1
IYW iShares US Technology 12.5 42 53 4.6 -1.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 12.4 40 55 4.3 -1.8
QYLD Global X NASDAQ 100 Covered Call ETF 12.2 60 35 4.3 -1.7

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:
Innovation Shares NextGen Vehicles & Technology
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 95 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.55
 
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.