Cambria Emerging Shareholder Yield ETF
ALTAR
Score™
16.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.5x P/Sales
ratio
0.8x
P/BV
ratio
0.7x Div.
yield
5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Cambria Emerging Shareholder Yield ETF tracks an index composed of 100 equally weighted emerging market equities, selected by both fundamental and technical factors with a focus on dividend yield and share buybacks.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Cambria
Website www.cambriafunds.com
Inception date Jul 13, 2016
Assets (mns) $33
Currency USD
Expense ratio 66 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 94
Wgt avg mkt cap (mns) $7,980
Large cap (>$10bn) 16.6%
Mid cap ($2-10bn) 33.1%
Small cap (<$2bn) 50.3%
Developed mkts 11.5%
Emerging mkts 88.5%

TOP TEN HOLDINGS
YADEA GROUP HOLDINGS LTD. 3.1 %
PUBLIC JOINT STOCK COMPANY CENTER 2.8 %
KUMBA IRON ORE LTD 1.9 %
CHONG HONG CONSTRUCTION CO 1.9 %
AFRICAN RAINBOW MINERALS LTD 1.8 %
SIMPLO TECHNOLOGY CO LTD 1.7 %
HOLYSTONE ENTERPRISE CO LTD 1.5 %
SINOTRUK HONG KONG LTD 1.5 %
LUKOIL OAO 1.5 %
GAZPROM OAO 1.4 %
Total 19.1 %

TOP COUNTRY EXPOSURE
TAIWAN 19.3 %
CHINA 18.8 %
RUSSIA 16.1 %
SOUTH AFRICA 7.4 %
TURKEY 6.1 %
BRAZIL 3.3 %
SOUTH KOREA 3.3 %
GREECE 2.2 %
HONG KONG 1.6 %
BRITAIN 1.3 %

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.
-16.0% -11.0% -- -- 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.92 60%
MSCI EAFE 1.14 80%
MSCI Emg. Mkts. 0.94 86%

Technical Indicators
Recent close $28.30
30d moving avg. $27.69
Annualized volatility 20.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.5%
Bid/Ask (% of price) 0.81%
ADV underlying (mns) $1,845

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Cambria Emerging Shareholder Yield ETF ETF based on the alternatives' overlap in portfolio holdings with EYLD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EYLD Expense: 66 bp ALTAR Score™: 16.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EYLD
Ticker Fund
Name
Overlap1
vs EYLD
(%)
Expense
ratio
(bp)
Savings
vs EYLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs EYLD
(%)
DVYE iShares Emerging Markets Dividend ETF 19.0 49 17 16.3 +0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 13.5 70 -4 13.3 -2.9
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 11.3 51 15 13.6 -2.6
FLRU Franklin FTSE Russia ETF 10.0 19 47 20.3 +4.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 9.8 50 16 20.6 +4.4
GVAL Cambria Global Value ETF 8.9 69 -3 10.9 -5.3
SDEM Global X SuperDividend Emerging Markets ETF 8.9 66 0 16.0 -0.2
ERUS iShares MSCI Russia ETF 8.8 59 7 16.2 -0.0
IQDF FlexShares International Quality Dividend Index Fund 8.0 47 19 12.3 -3.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.0 47 19 12.7 -3.5
PXH Invesco FTSE RAFI Emerging Markets ETF 7.7 50 16 13.1 -3.1
FEM First Trust Emerging Markets AlphaDEX Fund 7.7 80 -14 11.0 -5.3
DEM WisdomTree Emerging Markets High Dividend Fund 7.4 63 3 14.0 -2.2
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 7.4 80 -14 17.3 +1.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 7.4 47 19 12.3 -3.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 7.2 63 3 12.5 -3.8
SDIV Global X SuperDividend ETF 6.8 59 7 13.5 -2.7
ISEM Invesco Strategic Emerging Markets ETF 6.5 35 31 10.0 -6.2
ROAM Hartford Multifactor Emerging Markets ETF 6.3 44 22 14.7 -1.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 5.7 45 21 13.5 -2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.2 49 17 8.7 -7.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.2 95 -29 9.1 -7.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 5.1 45 21 9.6 -6.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.0 45 21 9.1 -7.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.0 40 26 7.2 -9.0
FCA First Trust China AlphaDEX Fund 4.7 80 -14 13.6 -2.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.6 59 7 11.0 -5.2
VIDI Vident International Equity Fund 4.5 59 7 11.4 -4.8
EMMF WisdomTree Emerging Markets Multifactor Fund 4.4 48 18 9.4 -6.8
BKF iShares MSCI BRIC ETF 4.3 69 -3 7.3 -9.0
EDIV SPDR S&P Emerging Markets Dividend ETF 4.3 49 17 11.0 -5.2
FXI iShares China Large-Cap ETF 4.2 74 -8 12.2 -4.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.1 49 17 8.0 -8.2
EWX SPDR S&P Emerging Markets Small Cap ETF 4.1 65 1 6.1 -10.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.1 44 22 8.9 -7.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.0 39 27 12.8 -3.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 3.9 50 16 10.3 -5.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 21 7.9 -8.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.7 32 34 9.0 -7.2
RNEM Emerging Markets Equity Select ETF 3.7 75 -9 10.5 -5.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.7 29 37 9.8 -6.4
EEMO Invesco S&P Emerging Markets Momentum ETF 3.7 29 37 6.6 -9.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 3.6 20 46 11.1 -5.1
EMXC iShares MSCI Emerging Markets ex China ETF 3.6 25 41 8.4 -7.8
PIE Invesco DWA Emerging Markets Momentum ETF 3.4 90 -24 5.2 -11.0
BKEM BNY Mellon Emerging Markets Equity ETF 3.4 11 55 8.4 -7.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.4 39 27 7.3 -8.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.2 69 -3 7.8 -8.4
FLZA Franklin FTSE South Africa ETF 3.2 19 47 11.2 -5.1
VWO Vanguard FTSE Emerging Markets ETF 3.2 10 56 8.0 -8.2
GREK Global X FTSE Greece 20 ETF 3.2 57 9 6.2 -10.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 3.1 15 51 8.6 -7.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.1 36 30 8.2 -8.1
ECNS iShares MSCI China Small-Cap ETF 3.0 59 7 11.1 -5.1
FILL iShares MSCI Global Energy Producers ETF 3.0 39 27 6.6 -9.6
IEMG iShares Core MSCI Emerging Markets ETF 3.0 13 53 7.9 -8.3
TUR iShares MSCI Turkey ETF 3.0 59 7 17.1 +0.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.9 60 6 10.7 -5.6
EEM iShares MSCI Emerging Markets ETF 2.9 68 -2 7.4 -8.8
ESGE iShares ESG MSCI EM ETF 2.9 25 41 8.6 -7.6
CHII Global X China Industrials ETF 2.8 66 0 11.2 -5.0
OBOR KraneShares MSCI One Belt One Road Index ETF 2.8 79 -13 9.0 -7.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.7 20 46 6.8 -9.4
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.7 29 37 12.3 -3.9
CHIE Global X China Energy ETF 2.7 66 0 10.8 -5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.7 65 1 7.5 -8.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 2.5 25 41 7.7 -8.6
KGRN KraneShares MSCI China Environment Index ETF 2.5 80 -14 4.8 -11.4
GXC SPDR S&P China ETF 2.4 59 7 7.6 -8.6
JHEM John Hancock Multifactor Emerging Markets ETF 2.4 49 17 8.4 -7.8
GMF SPDR S&P Emerging Asia Pacific ETF 2.3 49 17 7.2 -9.0
ACWF iShares FactorSelect MSCI Global ETF 2.3 35 31 8.0 -8.2
RSXJ VanEck Vectors Russia Small-Cap ETF 2.2 77 -11 10.4 -5.8
DOO WisdomTree International Dividend ex-Financials Fund 2.2 58 8 8.9 -7.4
EWT iShares MSCI Taiwan ETF 2.2 59 7 5.8 -10.4
SPEM SPDR Portfolio Emerging Markets ETF 2.2 11 55 7.8 -8.4
DTH WisdomTree DEFA Equity Income Fund 2.1 58 8 9.8 -6.4
AVEM Avantis Emerging Markets Equity ETF 2.1 33 33 8.9 -7.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.1 30 36 8.7 -7.5
MCHI iShares MSCI China ETF 2.1 59 7 7.4 -8.8
NUEM Nuveen ESG Emerging Markets Equity ETF 2.1 45 21 7.2 -9.0
VYMI Vanguard International High Dividend Yield ETF 2.0 32 34 10.2 -6.0
SCHE Schwab Emerging Markets Equity ETF 1.9 11 55 7.8 -8.4
FLCH Franklin FTSE China ETF 1.9 19 47 7.8 -8.4
FLTW Franklin FTSE Taiwan ETF 1.9 19 47 6.3 -9.9
DWX SPDR S&P International Dividend ETF 1.9 45 21 8.1 -8.1
BATT Amplify Advanced Battery Metals & Materials ETF 1.8 72 -6 2.4 -13.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 1.8 46 20 5.9 -10.4
EZA iShares MSCI South Africa ETF 1.8 59 7 7.5 -8.7
KOL VanEck Vectors Coal ETF 1.7 60 6 20.1 +3.9
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 1.7 60 6 2.4 -13.8
EMIF iShares Emerging Markets Infrastructure ETF 1.7 60 6 8.5 -7.8
RSX VanEck Vectors Russia ETF 1.7 67 -1 13.3 -2.9
LIT Global X Lithium & Battery Tech ETF 1.7 75 -9 2.8 -13.4
EEMA iShares MSCI Emerging Markets Asia ETF 1.7 50 16 7.5 -8.7
BRF VanEck Vectors Brazil Small-Cap ETF 1.6 63 3 2.9 -13.4
CARZ First Trust NASDAQ Global Auto Index Fund 1.6 70 -4 14.2 -2.1
EKAR Innovation Shares NextGen Vehicles & Technology ETF 1.6 95 -29 8.0 -8.2

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:
Cambria Emerging Shareholder Yield ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 16.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.45
 
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.