Innovation Shares NextGen Vehicles & Technology ETF
ALTAR
Score™
8.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
33.9x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
1.6%


  • 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 65 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) $99,179
Large cap (>$10bn) 79.4%
Mid cap ($2-10bn) 18.5%
Small cap (<$2bn) 2.1%
Developed mkts 85.2%
Emerging mkts 14.8%

TOP TEN HOLDINGS
NVIDIA CORP 5.3 %
TESLA MOTORS INC 5.0 %
SIEMENS AG-REG 4.8 %
DAIMLER AG-REGISTERED SHARES 4.3 %
INTEL CORP 4.2 %
ALPHABET INC. CLASS A 4.1 %
HONDA MOTOR CO LTD 4.0 %
TOYOTA MOTOR CORP 3.6 %
BAIDU INC - SPON ADR 3.5 %
ABB LTD. 3.3 %
Total 42.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 26.0 %
JAPAN 24.1 %
GERMANY 14.0 %
CHINA 8.4 %
SOUTH KOREA 5.7 %
SWITZERLAND 4.4 %
NETHERLANDS 3.6 %
FRANCE 2.8 %
CANADA 2.4 %
IRELAND 1.6 %

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.
-8.4% 13.9% -- -- -8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.20 85%
MSCI EAFE 1.32 86%
MSCI Emg. Mkts. 1.07 81%

Technical Indicators
Recent close $21.54
30d moving avg. $19.32
Annualized volatility 24.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $38,690

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 65 bp ALTAR Score™: 8.6%


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 50.0 47 18 6.9 -1.7
DRIV Global X Autonomous & Electric Vehicles ETF 37.7 68 -3 6.0 -2.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 32.5 70 -5 5.9 -2.8
CARZ First Trust NASDAQ Global Auto Index Fund 27.3 70 -5 15.7 +7.0
MOTO SmartETFs Smart Transportation & Technology ETF 25.2 68 -3 8.3 -0.4
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 24.5 50 15 4.2 -4.4
LOUP Innovator Loup Frontier Tech ETF 19.3 70 -5 3.1 -5.5
XNTK SPDR Morgan Stanley Technology ETF 18.7 35 30 4.0 -4.6
XKST SPDR Kensho Smart Mobility ETF 17.9 45 20 2.4 -6.2
AIQ Global X Future Analytics Tech ETF 17.8 68 -3 4.2 -4.4
GDAT Goldman Sachs Motif Data-Driven World Etf 15.7 50 15 5.2 -3.5
SOXX iShares PHLX Semiconductor ETF 14.1 46 19 5.5 -3.2
SMH VanEck Vectors Semiconductor ETF 14.1 35 30 5.8 -2.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 13.6 15 50 4.8 -3.9
XSD SPDR S&P Semiconductor ETF 12.8 35 30 4.0 -4.7
DXGE WisdomTree Germany Hedged Equity Fund 12.6 48 17 9.2 +0.5
TECB iShares US Tech Breakthrough Multisector ETF 12.3 40 25 4.1 -4.6
QYLD Global X NASDAQ 100 Covered Call ETF 12.2 60 5 3.7 -4.9
PSI Invesco Dynamic Semiconductors ETF 12.0 58 7 5.0 -3.6
NUSI Nationwide Risk-Managed Income ETF 11.8 68 -3 3.7 -5.0
FTXL First Trust Nasdaq Semiconductor ETF 11.7 60 5 5.3 -3.4
QQQ Invesco QQQ Trust 11.5 20 45 4.1 -4.5
BIBL Inspire ETF 11.4 35 30 4.7 -3.9
IQM Franklin Intelligent Machines ETF 11.4 50 15 2.2 -6.5
QTUM Defiance Quantum ETF 11.4 40 25 5.5 -3.2
IYW iShares U.S. Technology ETF 11.4 42 23 4.3 -4.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 11.4 57 8 5.1 -3.5
DAX Global X DAX Germany ETF 11.1 20 45 8.1 -0.5
BLCN Reality Shares Nasdaq NextGen Economy ETF 11.0 68 -3 4.4 -4.2
EWG iShares MSCI Germany ETF 10.9 49 16 7.4 -1.3
LRNZ TrueMark Technology, AI & Deep Learning ETF 10.8 68 -3 0.9 -7.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 10.8 45 20 7.5 -1.1
MOTI VanEck Vectors Morningstar International Moat ETF 10.8 57 8 8.5 -0.2
FMK First Trust Mega Cap AlphaDEX Fund 10.8 70 -5 5.3 -3.4
QDEU SPDR MSCI Germany Quality Mix ETF 10.7 14 51 7.9 -0.7
DXJ WisdomTree Japan Hedged Equity Fund 10.6 48 17 8.3 -0.3
IGM iShares North American Tech ETF 10.6 46 19 4.0 -4.6
KOIN Innovation Shares NextGen Protocol ETF 10.6 95 -30 4.4 -4.2
LIT Global X Lithium & Battery Tech ETF 10.4 75 -10 3.5 -5.1
EWJV iShares MSCI Japan Value ETF 10.4 15 50 10.8 +2.2
FLGR Franklin FTSE Germany ETF 10.3 9 56 7.6 -1.1
LEGR First Trust Index Digital Transaction & Process Technology E 10.2 65 0 7.3 -1.4
BOTZ Global X Robotics & Artificial Intelligence ETF 10.0 68 -3 2.9 -5.7
FIDI Fidelity International High Dividend ETF 10.0 39 26 11.1 +2.5
HEDJ WisdomTree Europe Hedged Equity Fund 9.9 58 7 7.2 -1.5
XT iShares Exponential Technologies ETF 9.3 47 18 5.2 -3.4
IETC iShares Evolved U.S. Technology ETF 9.1 18 47 4.1 -4.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 9.0 75 -10 2.2 -6.5
NULG Nuveen ESG Large-Cap Growth ETF 8.9 35 30 3.4 -5.2
RXI iShares Global Consumer Discretionary ETF 8.9 46 19 5.6 -3.1
KOMP SPDR Kensho New Economies Composite ETF 8.7 20 45 1.6 -7.0
QJPN SPDR MSCI Japan StrategicFactors ETF 8.7 14 51 8.0 -0.7
JHMT John Hancock Multifactor Technology ETF 8.7 40 25 5.1 -3.5
VEGN US Vegan Climate ETF 8.6 60 5 5.3 -3.4
EWJ iShares MSCI Japan ETF 8.6 49 16 7.4 -1.3
BBJP JPMorgan BetaBuilders Japan ETF 8.6 19 46 7.7 -1.0
SOCL Global X Social Media ETF 8.5 65 0 2.3 -6.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 8.5 70 -5 4.4 -4.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 8.5 21 44 3.2 -5.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.5 45 20 7.4 -1.3
FDMO Fidelity Momentum Factor ETF 8.5 29 36 3.9 -4.7
IOO iShares Global 100 ETF 8.5 40 25 4.9 -3.7
XLK Technology Select Sector SPDR Fund 8.3 13 52 5.0 -3.6
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 8.3 30 35 7.6 -1.1
IRBO iShares Robotics & Artificial Intelligence ETF 8.3 47 18 2.6 -6.1
FLJP Franklin FTSE Japan ETF 8.3 9 56 7.8 -0.8
FLJH Franklin FTSE Japan Hedged ETF 8.3 9 56 7.7 -0.9
NXTG First Trust Indxx NextG ETF 8.0 70 -5 6.1 -2.6
SDG iShares Sustainable MSCI Global Impact ETF 7.9 49 16 6.2 -2.5
SUSL iShares ESG MSCI USA Leaders ETF 7.9 10 55 5.4 -3.2
DSI iShares MSCI KLD 400 Social ETF 7.9 25 40 5.3 -3.4
NUDM Nuveen ESG International Developed Markets Equity ETF 7.9 40 25 7.0 -1.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 7.9 10 55 5.5 -3.2
BLOK Amplify Transformational Data Sharing ETF 7.9 70 -5 5.0 -3.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 7.8 19 46 5.7 -3.0
IQIN IQ 500 International ETF 7.8 25 40 9.2 +0.5
ARKQ Ark Industrial Innovation ETF 7.8 75 -10 0.7 -7.9
JKE iShares Morningstar Large-Cap Growth ETF 7.8 25 40 3.5 -5.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.8 60 5 0.6 -8.0
ESPO VanEck Vectors Video Gaming & eSports ETF 7.7 55 10 2.9 -5.8
ENTR Entrepreneur 30 Fund 7.6 49 16 3.3 -5.4
PWB Invesco Dynamic Large Cap Growth ETF 7.6 55 10 3.5 -5.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 7.5 25 40 7.6 -1.1
VGT Vanguard Information Technology Index Fund 7.5 10 55 4.8 -3.8
FTEC Fidelity MSCI Information Technology Index ETF 7.5 8 57 4.9 -3.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 7.5 49 16 4.2 -4.5
EFV iShares MSCI EAFE Value ETF 7.4 39 26 10.3 +1.6
FNDF Schwab Fundamental International Large Co. Index ETF 7.4 25 40 8.9 +0.2
IXN iShares Global Tech ETF 7.3 46 19 4.8 -3.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 7.1 65 0 3.8 -4.9
IDY Pacific Global International Equity Income ETF 6.9 39 26 8.2 -0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 6.9 60 5 4.5 -4.1
IVLU iShares Edge MSCI Intl Value Factor ETF 6.6 30 35 11.4 +2.8
PTF Invesco DWA Technology Momentum ETF 6.6 60 5 1.3 -7.3
FTXR First Trust Nasdaq Transportation ETF 6.6 60 5 6.7 -2.0
MGK Vanguard Mega Cap Growth ETF 6.5 7 58 4.3 -4.3
GIGE SoFi Gig Economy ETF 6.5 59 6 -0.6 -9.3
ECON Columbia Emerging Markets Consumer ETF 6.4 59 6 4.9 -3.7
FQAL Fidelity Quality Factor ETF 6.3 29 36 5.5 -3.2
FEZ SPDR EURO STOXX 50 ETF 6.3 29 36 7.4 -1.2

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 7.8 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.51
 
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.