VanEck Vectors Environmental Services ETF
ALTAR
Score™
5.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
22.5x P/Sales
ratio
0.7x
P/BV
ratio
2.5x Div.
yield
1.2%


  • 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) $37
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 24
Wgt avg mkt cap (mns) $13,183
Large cap (>$10bn) 40.2%
Mid cap ($2-10bn) 31.4%
Small cap (<$2bn) 28.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STERIS PLC 9.9 %
REPUBLIC SERVICES INC 9.9 %
WASTE CONNECTIONS, INC. 9.7 %
WASTE MANAGEMENT INC 9.6 %
STERICYCLE INC 4.2 %
TENNECO INC 4.1 %
DARLING INTERNATIONAL INC 3.8 %
TENNANT CO 3.7 %
CLEAN HARBORS INC 3.6 %
DONALDSON CO INC 3.6 %
Total 62.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.5 %
IRELAND 10.0 %
CANADA 9.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.8% 14.0% 10.7% 11.3% 8.5%

Market Correlations
versus... Beta R-squared
S&P500 0.99 74%
MSCI EAFE 0.74 36%
MSCI Emg. Mkts. 0.44 20%

Technical Indicators
Recent close $104.42
30d moving avg. $103.10
Annualized volatility 13.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.4%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $665

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 5.7%


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
(%)
AIRR First Trust RBA American Industrial Renaissance 14.4 70 -14 5.2 -0.5
FIW First Trust ISE Water 5.6 55 1 3.8 -1.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility 5.6 60 -4 4.6 -1.1
VSMV VictoryShares US Multi-Factor Minimum Volatility 5.1 35 21 6.3 +0.6
XKII SPDR Kensho Intelligent Structures 4.7 45 11 6.4 +0.7
PHO Invesco Water Resources 4.4 60 -4 4.2 -1.5
VSL Volshares Large Cap 4.0 65 -9 5.2 -0.5
PSCI Invesco S&P Small Cap Industrials 4.0 29 27 6.5 +0.8
PSCC Invesco S&P Small Cap Consumer Staples 3.8 29 27 4.9 -0.8
BUYN USCF SummerHaven SHPEN Index 3.6 80 -24 5.7 +0.0
SPMV Invesco S&P 500 Minimum Variance 3.6 10 46 6.1 +0.4
PRN Invesco DWA Industrials Momentum 3.5 60 -4 4.2 -1.5
JHMI John Hancock Multifactor Industrials 3.3 40 16 6.5 +0.8
FIDU Fidelity Industrials 3.3 8 48 5.8 +0.1
DWAQ Invesco DWA NASDAQ Momentum Portfolio 3.2 60 -4 0.6 -5.2
VIS Vanguard Industrials 3.2 10 46 6.2 +0.5
BOUT Innovator IBD Breakout Opportunities 3.1 80 -24 4.8 -0.9
LGLV SPDR Russell 1000 Low Volatility 3.0 12 44 5.3 -0.4
DWMC AdvisorShares Dorsey Wright Micro-Cap 3.0 125 -69 0.3 -5.4
USMV iShares MSCI USA Minimum Volatility 2.8 15 41 5.3 -0.5

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 14.0 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.54
 
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.