Etho Climate Leadership U.S. ETF
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.3x P/Sales
ratio
2.3x
P/BV
ratio
3.1x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Etho Climate Leadership U.S. ETF tracks the performance of an index that selects U.S. equities of companies that exhibit the least carbon impact within its industry, with an equal weight to each selected company. Certain industries are excluded altogether.

FUND BASICS
Category US Equities
Fund Sponsor ETF Managers Group
Website www.ethoetf.com
Inception date Nov 18, 2015
Assets (mns) $81
Currency USD
Expense ratio 47 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 267
Wgt avg mkt cap (mns) $59,077
Large cap (>$10bn) 62.6%
Mid cap ($2-10bn) 29.1%
Small cap (<$2bn) 8.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENMARK DIAGNOSTICS INC 1.1 %
CORELOGIC INC 0.7 %
TESLA MOTORS INC 0.6 %
BEYOND MEAT, INC. 0.6 %
AARON'S INC 0.6 %
PAYPAL HOLDINGS INC 0.5 %
IAC/INTERACTIVECORP 0.5 %
EBAY INC 0.5 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 0.5 %
ADVANCED DRAINAGE SYSTEMS INC 0.5 %
Total 6.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.5 %
PUERTO RICO 0.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.2% 6.3% -- -- 10.7%

Market Correlations
versus... Beta R-squared
S&P500 1.10 96%
MSCI EAFE 1.09 83%
MSCI Emg. Mkts. 0.79 69%

Technical Indicators
Recent close $41.29
30d moving avg. $40.65
Annualized volatility 19.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $157,026

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Etho Climate Leadership U.S. ETF ETF based on the alternatives' overlap in portfolio holdings with ETHO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ETHO Expense: 47 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ETHO
Ticker Fund
Name
Overlap1
vs ETHO
(%)
Expense
ratio
(bp)
Savings
vs ETHO
(bp)
ALTAR
Score™
(%)
ALTAR
vs ETHO
(%)
CFA VictoryShares US 500 Volatility Weighted Index ETF 34.4 35 12 6.0 +1.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 34.3 17 30 6.6 +2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 33.9 9 38 5.9 +1.5
RSP Invesco S&P 500 Equal Weight ETF 32.5 20 27 6.8 +2.4
TPLC Timothy Plan US Large Cap Core ETF 31.5 52 -5 5.5 +1.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 30.7 35 12 5.4 +1.0
JHML John Hancock Multifactor Large Cap ETF 30.6 29 18 5.6 +1.2
SCIU Global X Scientific Beta US ETF 30.5 19 28 5.8 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 30.1 12 35 3.9 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 30.1 15 32 6.3 +1.9
FTC First Trust Large Cap Growth AlphaDEX Fund 30.0 61 -14 2.9 -1.5
VO Vanguard Mid-Cap Index Fund 29.9 4 43 5.5 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.8 9 38 5.6 +1.2
SIZE iShares Edge MSCI USA Size Factor ETF 29.8 15 32 6.4 +2.0
FEX First Trust Large Cap Core AlphaDEX Fund 29.5 60 -13 6.0 +1.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 29.5 17 30 6.4 +2.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 29.0 75 -28 3.8 -0.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 28.6 66 -19 2.5 -1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 28.5 18 29 6.3 +1.9
JHMM John Hancock Multifactor Mid Cap ETF 28.3 42 5 5.8 +1.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 27.9 4 43 5.8 +1.4
RNLC Large Cap US Equity Select ETF 27.7 60 -13 6.2 +1.8
EXT WisdomTree U.S. Total Earnings Fund 27.6 28 19 5.3 +0.9
IWR iShares Russell Midcap ETF 27.3 19 28 5.7 +1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.2 30 17 6.6 +2.2
ONEO SPDR Russell 1000 Momentum Focus ETF 27.1 20 27 6.5 +2.1
ESGV Vanguard ESG U.S. Stock ETF 27.0 12 35 5.2 +0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 26.8 29 18 6.8 +2.4
VUG Vanguard Growth Index Fund 26.8 4 43 4.1 -0.3
BFOR Barron's 400 ETF 26.5 65 -18 6.4 +2.0
VEGN US Vegan Climate ETF 26.4 60 -13 5.2 +0.8
IWP iShares Russell Mid-Cap Growth ETF 26.3 24 23 4.1 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 26.3 12 35 5.3 +0.9
PBUS Invesco PureBeta MSCI USA ETF 26.2 4 43 5.3 +0.9
SFY SoFi Select 500 ETF 26.1 0 47 5.3 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 26.1 2 45 5.4 +1.0
SCHX Schwab U.S. Large-Cap ETF 26.0 3 44 5.3 +0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 26.0 7 40 5.3 +0.9
VV Vanguard Large-Cap Index Fund 26.0 4 43 5.3 +0.9
IWB iShares Russell 1000 ETF 25.8 15 32 5.2 +0.8
SCHK Schwab 1000 Index ETF 25.8 5 42 5.3 +0.9
IYY iShares Dow Jones U.S. ETF 25.8 20 27 5.2 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 25.7 27 20 5.4 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.7 20 27 5.4 +1.0
VONE Vanguard Russell 1000 ETF 25.7 8 39 5.3 +0.9
SCHG Schwab U.S. Large-Cap Growth ETF 25.5 4 43 4.2 -0.3
PSET Principal Price Setters Index ETF 25.5 29 18 4.6 +0.2
PBP Invesco S&P 500 BuyWrite ETF 25.5 49 -2 5.0 +0.6
IWF iShares Russell 1000 Growth ETF 25.4 19 28 4.2 -0.2
SPY SPDR S&P 500 ETF Trust 25.3 9 38 5.4 +1.0
IVV iShares Core S&P 500 ETF 25.3 4 43 5.5 +1.1
SPLG SPDR Portfolio Large Cap ETF 25.3 3 44 5.5 +1.1
SCHB Schwab U.S. Broad Market ETF 25.2 3 44 5.3 +0.9
HSPX Global X S&P 500 Covered Call ETF 25.2 65 -18 4.9 +0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.2 3 44 5.2 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 25.2 29 18 5.3 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 25.2 15 32 5.2 +0.8
IWV iShares Russell 3000 ETF 25.1 20 27 5.1 +0.7
VOO VANGUARD S&P 500 ETF 25.1 3 44 5.5 +1.1
XT iShares Exponential Technologies ETF 25.1 47 0 5.1 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.1 60 -13 4.4 +0.0
VONG Vanguard Russell 1000 Growth Index Fund 25.1 8 39 4.3 -0.1
VTHR Vanguard Russell 3000 Index Fund 25.0 10 37 5.2 +0.8
VTI Vanguard Total Stock Market Index Fund 25.0 3 44 5.2 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 24.9 3 44 5.6 +1.2
AVUS Avantis U.S. Equity ETF 24.9 15 32 5.8 +1.4
IQSU IQ Candriam ESG US Equity ETF 24.7 9 38 5.1 +0.7
IUSG iShares Core S&P US Growth ETF 24.5 4 43 4.4 -0.0
QUS SPDR MSCI USA StrategicFactors ETF 24.4 15 32 5.9 +1.5
SPYG SPDR Portfolio S&P 500 Growth ETF 24.2 4 43 4.4 -0.1
IVW iShares S&P 500 Growth ETF 24.2 18 29 4.2 -0.2
VOOG Vanguard S&P 500 Growth ETF 24.1 10 37 4.3 -0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 24.0 30 17 5.1 +0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 23.7 20 27 7.1 +2.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 23.7 35 12 4.4 +0.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 23.7 59 -12 4.2 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 23.7 27 20 5.0 +0.6
KRMA Global X Conscious Companies ETF 23.6 43 4 5.3 +0.9
VOT Vanguard Mid-Cap Growth Index Fund 23.5 7 40 3.5 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 23.4 12 35 5.0 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.2 20 27 5.0 +0.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 23.1 24 23 6.2 +1.8
DSI iShares MSCI KLD 400 Social ETF 23.0 25 22 5.2 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 22.3 0 47 5.3 +0.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 22.2 29 18 8.3 +3.9
EPS WisdomTree U.S. Earnings 500 Fund 22.1 8 39 6.5 +2.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 22.1 25 22 6.7 +2.3
MGC Vanguard Mega Cap Index Fund 22.0 7 40 5.3 +0.9
RPG Invesco S&P 500 Pure Growth ETF 21.8 35 12 4.4 +0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 21.7 27 20 5.1 +0.7
TUSA First Trust Total US Market AlphaDEX ETF 21.4 70 -23 6.0 +1.6
USMV iShares Edge MSCI Min Vol USA ETF 21.3 15 32 5.5 +1.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 21.3 49 -2 5.2 +0.8
IWL iShares Russell Top 200 ETF 21.3 15 32 5.1 +0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 21.1 10 37 5.3 +0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 21.1 29 18 6.3 +1.9
SUSL iShares ESG MSCI USA Leaders ETF 21.1 10 37 5.3 +0.9
VFMO Vanguard U.S. Momentum Factor ETF 20.9 13 34 1.2 -3.3
TOK iShares MSCI Kokusai ETF 20.9 25 22 5.6 +1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 20.9 9 38 5.8 +1.4

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:
Etho Climate Leadership U.S. ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.3 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.