Innovation Shares NextGen Vehicles & Technology ETF
ALTAR
Score™
4.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
79.2x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
1.0%


  • 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 09, 2018
Assets (mns) $9
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) $134,714
Large cap (>$10bn) 90.5%
Mid cap ($2-10bn) 9.1%
Small cap (<$2bn) 0.0%
Developed mkts 79.0%
Emerging mkts 21.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 6.7 %
BAIDU INC - SPON ADR 4.4 %
ALPHABET INC. CLASS A 3.4 %
DAIMLER AG-REGISTERED SHARES 3.3 %
NVIDIA CORP 3.1 %
BYD CO LTD-H 3.1 %
SIEMENS AG-REG 3.0 %
TOYOTA MOTOR CORP 3.0 %
DENSO CORP 2.9 %
HONDA MOTOR CO LTD 2.7 %
Total 35.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 25.5 %
JAPAN 20.3 %
CHINA 14.2 %
GERMANY 11.1 %
SOUTH KOREA 8.2 %
CANADA 4.3 %
SWITZERLAND 3.9 %
NETHERLANDS 3.2 %
FRANCE 2.8 %
HONG KONG 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
63.1% 63.1% -- -- 14.8%

Market Correlations
versus... Beta R-squared
S&P500 1.31 80%
MSCI EAFE 1.34 84%
MSCI Emg. Mkts. 1.15 77%

Technical Indicators
Recent close $40.81
30d moving avg. $37.27
Annualized volatility 27.6%
Short interest (ETF) 1.1%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 5
Turnover 2.2%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $63,475

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Innovation Shares NextGen Vehicles & Technology ETF 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™: 4.9%


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 ETF 44.6 47 48 5.2 +0.3
DRIV Global X Autonomous & Electric Vehicles ETF 39.0 68 27 3.9 -1.0
CARZ First Trust NASDAQ Global Auto Index Fund 28.1 70 25 9.7 +4.8
MOTO SmartETFs Smart Transportation & Technology ETF 26.8 68 27 5.1 +0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 24.9 70 25 2.5 -2.4
BATT Amplify Advanced Battery Metals & Materials ETF 21.0 59 36 1.9 -3.0
DFAE Dimensional Emerging Core Equity Market ETF 19.9 35 60 6.9 +2.0
AIQ Global X Future Analytics Tech ETF 17.3 68 27 3.4 -1.5
SMOG VanEck Vectors Low Carbon Energy ETF 15.6 62 33 1.9 -3.0
XNTK SPDR NYSE Technology ETF 15.5 35 60 2.7 -2.2
QYLD Global X NASDAQ 100 Covered Call ETF 15.4 60 35 3.2 -1.7
DFAI Dimensional International Core Equity Market ETF 15.4 18 77 6.3 +1.5
HAIL SPDR S&P Kensho Smart Mobility ETF 15.3 45 50 4.1 -0.8
RXI iShares Global Consumer Discretionary ETF 15.3 46 49 3.7 -1.2
NUSI Nationwide Risk-Managed Income ETF 15.1 68 27 3.1 -1.8
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 15.1 60 35 3.1 -1.8
QQQM Invesco NASDAQ 100 ETF 14.8 15 80 3.5 -1.4
QQQ Invesco QQQ Trust 14.8 20 75 3.5 -1.4
LOUP Innovator Loup Frontier Tech ETF 14.6 70 25 2.9 -2.0
LIT Global X Lithium & Battery Tech ETF 14.5 75 20 1.7 -3.2
VEGN US Vegan Climate ETF 14.4 60 35 3.9 -1.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 14.3 57 38 3.5 -1.4
MTUM iShares MSCI USA Momentum Factor ETF 14.2 15 80 2.2 -2.7
SFYF SoFi 50 ETF 13.7 29 66 0.8 -4.1
BNE Blue Horizon BNE ETF 13.6 87 8 0.9 -4.0
ARKQ Ark Industrial Innovation ETF 13.5 75 20 0.3 -4.6
XSD SPDR S&P Semiconductor ETF 13.2 35 60 3.2 -1.7
NULG Nuveen ESG Large-Cap Growth ETF 12.4 35 60 2.9 -2.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 12.3 70 25 3.4 -1.5
SDG iShares Sustainable MSCI Global Impact ETF 12.1 49 46 5.6 +0.7
IQM Franklin Intelligent Machines ETF 12.0 50 45 1.3 -3.6
USXF iShares ESG Advanced MSCI USA ETF 11.9 10 85 4.5 -0.4
HIPR Direxion High Growth ETF 11.9 40 55 3.8 -1.1
SOXX iShares PHLX Semiconductor ETF 11.6 46 49 4.2 -0.7
SMH VanEck Vectors Semiconductor ETF 11.6 35 60 4.0 -0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.5 49 46 3.4 -1.5
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 11.5 60 35 0.2 -4.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 11.5 68 27 4.9 +0.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.4 75 20 2.9 -2.0
JKE iShares Morningstar Large-Cap Growth ETF 11.0 25 70 2.2 -2.7
PWB Invesco Dynamic Large Cap Growth ETF 11.0 56 39 2.1 -2.8
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 10.9 50 45 3.3 -1.6
SUSL iShares ESG MSCI USA Leaders ETF 10.9 10 85 4.8 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 10.9 10 85 4.8 -0.1
DSI iShares MSCI KLD 400 Social ETF 10.9 25 70 4.5 -0.4
IYW iShares U.S. Technology ETF 10.9 43 52 3.4 -1.5
THNQ ROBO Global Artificial Intelligence ETF 10.8 68 27 1.3 -3.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 10.6 21 74 2.9 -2.0
AIEQ AI Powered Equity ETF 10.6 87 8 1.8 -3.1
NXTG First Trust Indxx NextG ETF 10.5 70 25 5.0 +0.1
QTUM Defiance Quantum ETF 10.5 40 55 4.2 -0.7
TECB iShares US Tech Breakthrough Multisector ETF 10.4 40 55 3.4 -1.5
MGK Vanguard Mega Cap Growth ETF 10.4 7 88 3.6 -1.3
ECOZ TrueMark ESG Active Opportunities ETF 10.2 58 37 3.0 -1.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 10.1 65 30 8.1 +3.2
NULC Nuveen ESG Large-Cap ETF 10.1 20 75 4.2 -0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 10.0 4 91 3.7 -1.2
IVW iShares S&P 500 Growth ETF 10.0 18 77 3.5 -1.4
DXGE WisdomTree Germany Hedged Equity Fund 9.9 48 47 7.6 +2.7
IWY iShares Russell Top 200 Growth ETF 9.8 20 75 3.6 -1.3
SPQQ Siren Large Cap Blend Index ETF 9.8 20 75 4.2 -0.7
ARKW ARK Web x.0 ETF 9.7 79 16 -0.8 -5.6
ARKK ARK Innovation ETF 9.6 75 20 -1.6 -6.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 9.6 60 35 3.6 -1.3
EWG iShares MSCI Germany ETF 9.5 51 44 6.4 +1.5
FLGR Franklin FTSE Germany ETF 9.5 9 86 7.0 +2.1
IUSG iShares Core S&P US Growth ETF 9.4 4 91 3.7 -1.2
IGM iShares Expanded Tech Sector ETF 9.3 46 49 3.3 -1.6
DXJ WisdomTree Japan Hedged Equity Fund 9.3 48 47 7.4 +2.6
XT iShares Exponential Technologies ETF 9.3 47 48 4.4 -0.5
SCHG Schwab U.S. Large-Cap Growth ETF 9.3 4 91 3.2 -1.7
DAX Global X DAX Germany ETF 9.3 21 74 7.0 +2.1
ZDEU SPDR Solactive Germany ETF 9.2 14 81 7.1 +2.2
ZJPN SPDR Solactive Japan ETF 9.2 14 81 6.5 +1.6
JHMT John Hancock Multifactor Technology ETF 9.2 40 55 3.9 -1.0
DBGR Xtrackers MSCI Germany Hedged Equity ETF 9.1 45 50 6.4 +1.5
BBJP JPMorgan BetaBuilders Japan ETF 9.1 19 76 6.4 +1.5
EWJ iShares MSCI Japan ETF 9.0 51 44 6.1 +1.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 9.0 23 72 6.2 +1.3
PSI Invesco Dynamic Semiconductors ETF 8.9 57 38 3.6 -1.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.9 45 50 6.1 +1.2
RPG Invesco S&P 500 Pure Growth ETF 8.9 35 60 2.7 -2.2
CHIQ Global X MSCI China Consumer ETF 8.9 65 30 4.6 -0.3
VUG Vanguard Growth Index Fund 8.8 4 91 3.5 -1.4
ECON Columbia Emerging Markets Consumer ETF 8.8 59 36 4.7 -0.2
HLAL Wahed FTSE USA Shariah ETF 8.8 50 45 3.8 -1.1
FIDI Fidelity International High Dividend ETF 8.8 39 56 10.1 +5.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 8.7 47 48 1.3 -3.6
FDMO Fidelity Momentum Factor ETF 8.7 29 66 2.4 -2.5
SOCL Global X Social Media ETF 8.7 65 30 2.2 -2.7
FLJH Franklin FTSE Japan Hedged ETF 8.7 9 86 6.5 +1.6
FLJP Franklin FTSE Japan ETF 8.6 9 86 6.5 +1.6
FTXL First Trust Nasdaq Semiconductor ETF 8.6 60 35 3.6 -1.3
FTXR First Trust Nasdaq Transportation ETF 8.5 60 35 5.8 +0.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.5 49 46 7.5 +2.7
BICK First Trust BICK Index Fund 8.5 64 31 3.2 -1.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 8.5 25 70 6.2 +1.3
IETC iShares Evolved U.S. Technology ETF 8.5 18 77 3.4 -1.5

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 ETF
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 9.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 95 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.48
 
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.