VanEck Vectors Environmental Services ETF
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
149.1x P/Sales
ratio
0.7x
P/BV
ratio
2.4x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors--Environment Services ETF seeks investment results that correspond to the price and yield of the performance of the Amex Environmental Services Index.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Oct 16, 2006
Assets (mns) $34
Currency USD
Expense ratio 56 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 22
Wgt avg mkt cap (mns) $11,692
Large cap (>$10bn) 35.9%
Mid cap ($2-10bn) 37.9%
Small cap (<$2bn) 26.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STERIS PLC 10.9 %
REPUBLIC SERVICES INC 9.0 %
WASTE CONNECTIONS, INC. 9.0 %
WASTE MANAGEMENT INC 8.4 %
EVOQUA WATER TECHNOLOGIES CORP 6.0 %
CLEAN HARBORS INC 5.9 %
CANTEL MEDICAL CORP 5.2 %
DARLING INTERNATIONAL INC 5.1 %
DONALDSON CO INC 4.1 %
US ECOLOGY INC 4.1 %
Total 67.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 83.9 %
IRELAND 10.9 %
CANADA 9.0 %








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.
-13.7% -3.8% 8.2% 9.1% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.12 80%
MSCI EAFE 1.17 74%
MSCI Emg. Mkts. 0.83 58%

Technical Indicators
Recent close $96.76
30d moving avg. $85.92
Annualized volatility 21.2%
Short interest (ETF) 0.3%
Short interest (Underlying) 4.4%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 2.46%
ADV underlying (mns) $920

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VanEck Vectors Environmental Services ETF ETF based on the alternatives' overlap in portfolio holdings with EVX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EVX Expense: 56 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EVX
Ticker Fund
Name
Overlap1
vs EVX
(%)
Expense
ratio
(bp)
Savings
vs EVX
(bp)
ALTAR
Score™
(%)
ALTAR
vs EVX
(%)
FXU First Trust Utilities AlphaDEX Fund 9.5 63 -7 6.1 -0.3
AIRR First Trust RBA American Industrial Renaissance ETF 8.2 70 -14 7.0 +0.6
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 7.5 39 17 6.1 -0.3
FIW First Trust Water ETF 6.2 55 1 3.7 -2.8
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 5.6 35 21 6.6 +0.2
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 5.3 60 -4 3.5 -3.0
XKII SPDR Kensho Intelligent Structures ETF 5.2 45 11 6.0 -0.5
FTXG First Trust Nasdaq Food & Beverage ETF 5.1 60 -4 5.7 -0.7
PHO Invesco Water Resources ETF 4.9 60 -4 3.7 -2.7
VIS Vanguard Industrials Index Fund 4.7 10 46 5.7 -0.7
FIDU Fidelity MSCI Industrials Index ETF 4.6 8 48 5.8 -0.7
PRN Invesco DWA Industrials Momentum ETF 4.3 60 -4 4.7 -1.7
USMV iShares Edge MSCI Min Vol USA ETF 4.1 15 41 5.7 -0.8
PLCY EventShares U.S. Legislative Opportunities ETF 3.8 75 -19 3.7 -2.8
JHMI John Hancock Multifactor Industrials ETF 3.7 40 16 5.8 -0.7
PSCI Invesco S&P SmallCap Industrials ETF 3.7 29 27 6.4 -0.1
SPMV Invesco S&P 500 Minimum Variance ETF 3.5 10 46 5.8 -0.7
LGLV SPDR Russell 1000 Low Volatility ETF 3.4 12 44 5.5 -0.9
SPLV Invesco S&P 500 Low Volatility ETF 3.2 25 31 5.7 -0.8
XLI Industrial Select Sector SPDR Fund 3.0 13 43 5.7 -0.8
CGW Invesco S&P Global Water Index ETF 2.8 62 -6 4.2 -2.3
TMDV ProShares Russell US Dividend Growers ETF 2.8 35 21 5.2 -1.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.7 70 -14 4.8 -1.6
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 2.7 125 -69 -2.9 -9.3
XHE SPDR S&P Health Care Equipment ETF 2.7 35 21 1.8 -4.6
RGI Invesco S&P 500 Equal Weight Industrials ETF 2.7 40 16 5.5 -1.0
VFMV Vanguard U.S. Minimum Volatility ETF 2.6 13 43 3.8 -2.7
VSDA VictoryShares Dividend Accelerator ETF 2.6 35 21 4.7 -1.7
PZD Invesco Cleantech ETF 2.5 68 -12 4.7 -1.8
PBJ Invesco Dynamic Food & Beverage ETF 2.5 63 -7 5.6 -0.9
EQWM Invesco S&P MidCap Quality ETF 2.4 25 31 5.0 -1.4
IYJ iShares U.S. Industrials ETF 2.4 42 14 5.8 -0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.3 25 31 5.9 -0.6
CCOR Core Alternative ETF 2.3 123 -67 4.2 -2.2
RNMC Mid Cap US Equity Select ETF 2.2 60 -4 7.5 +1.0
LVUS Hartford Multifactor Low Volatility US Equity ETF 2.2 19 37 5.9 -0.6
ACES ALPS Clean Energy ETF 2.2 65 -9 1.1 -5.3
ACWV iShares Edge MSCI Min Vol Global ETF 2.2 20 36 5.9 -0.6
VETS Pacer Military Times Best Employers ETF 2.2 60 -4 6.2 -0.2
ETHO Etho Climate Leadership U.S. ETF 2.1 47 9 4.3 -2.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.0 40 16 5.9 -0.6
KLCD KFA Large Cap Quality Dividend Index ETF 2.0 41 15 5.2 -1.2
YLDE ClearBridge Dividend Strategy ESG ETF 2.0 60 -4 4.9 -1.5
XMMO Invesco S&P MidCap Momentum ETF 1.9 39 17 4.3 -2.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 1.9 35 21 6.1 -0.4
LSLT Salt Low truBeta US Market ETF 1.9 0 56 7.1 +0.6
BIBL Inspire ETF 1.9 35 21 4.7 -1.8
QLV FlexShares US Quality Low Volatility Index Fund 1.9 22 34 5.1 -1.3
IUSS Invesco Strategic US Small Company ETF 1.9 23 33 5.8 -0.7
VBR Vanguard Small Cap Value Index Fund 1.8 7 49 8.1 +1.6
JMIN JPMorgan U.S. Minimum Volatility ETF 1.8 12 44 5.8 -0.7
ADME Aptus Drawdown Managed Equity ETF 1.8 81 -25 3.9 -2.6
DIV Global X SuperDividend US ETF 1.8 45 11 9.6 +3.2
JKL iShares Morningstar Small Cap Value ETF 1.7 30 26 9.2 +2.8
ACIO Aptus Collared Income Opportunity ETF 1.7 79 -23 4.5 -1.9
FXH First Trust Health Care AlphaDEX Fund 1.7 62 -6 4.4 -2.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 1.7 20 36 7.5 +1.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.7 15 41 4.8 -1.7
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 24 32 4.7 -1.8
RYH Invesco S&P 500 Equal Weight Health Care ETF 1.7 40 16 6.3 -0.1
AFSM First Trust Active Factor Small Cap ETF 1.6 75 -19 5.6 -0.8
IHI iShares U.S. Medical Devices ETF 1.6 43 13 3.4 -3.0
TPHD Timothy Plan High Dividend Stock ETF 1.6 52 4 7.0 +0.6
SMDV ProShares Russell 2000 Dividend Growers ETF 1.6 40 16 6.8 +0.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.6 15 41 4.6 -1.8
BUYN USCF SummerHaven SHPEN Index Fund 1.6 80 -24 9.6 +3.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 1.6 48 8 6.2 -0.3
XME SPDR S&P Metals & Mining ETF 1.5 35 21 7.2 +0.8
RYJ Invesco Raymond James SB-1 Equity ETF 1.5 82 -26 3.4 -3.1
JHSC John Hancock Multifactor Small Cap ETF 1.5 50 6 5.7 -0.8
MDY SPDR S&P Midcap 400 ETF Trust 1.5 23 33 6.1 -0.4
IJH iShares Core S&P Mid-Cap ETF 1.5 6 50 6.2 -0.2
SPMD SPDR Portfolio Mid Cap ETF 1.5 5 51 6.2 -0.2
EXI iShares Global Industrials ETF 1.5 46 10 6.1 -0.4
JKK iShares Morningstar Small-Cap Growth ETF 1.5 30 26 1.4 -5.1
XSLV Invesco S&P SmallCap Low Volatility ETF 1.5 25 31 5.7 -0.7
VIG Vanguard Dividend Appreciation Index Fund 1.5 6 50 5.2 -1.3
IVOO Vanguard S&P Mid-Cap 400 ETF 1.5 10 46 6.1 -0.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.5 12 44 7.7 +1.2
FYC First Trust Small Cap Growth AlphaDEX Fund 1.5 70 -14 2.5 -3.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.5 40 16 6.5 +0.0
NUMG Nuveen ESG Mid-Cap Growth ETF 1.5 40 16 3.2 -3.3
QUS SPDR MSCI USA StrategicFactors ETF 1.4 15 41 5.8 -0.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.4 35 21 3.7 -2.8
VB Vanguard Small-Cap ETF 1.4 5 51 5.4 -1.1
VFLQ Vanguard U.S. Liquidity Factor ETF 1.4 13 43 3.4 -3.0
IWO iShares Russell 2000 Growth ETF 1.4 24 32 0.7 -5.7
MDYV SPDR S&P 400 Mid Cap Value ETF 1.4 15 41 8.0 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 1.4 25 31 7.9 +1.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.4 15 41 8.1 +1.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.4 17 39 4.8 -1.7
DWAS Invesco DWA SmallCap Momentum ETF 1.4 60 -4 -1.1 -7.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.3 47 9 6.4 -0.1
NUSC Nuveen ESG Small-Cap ETF 1.3 40 16 4.9 -1.6
VTWG Vanguard Russell 2000 Growth Index Fund 1.3 15 41 0.8 -5.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 1.3 35 21 9.0 +2.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.3 70 -14 2.1 -4.3
SDY SPDR S&P Dividend ETF 1.3 35 21 6.8 +0.4
FDLO Fidelity Low Volatility Factor ETF 1.3 29 27 5.2 -1.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.3 25 31 6.2 -0.3

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:
VanEck Vectors Environmental Services 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 16.1 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.