Innovator IBD 50 ETF
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.1x P/Sales
ratio
4.1x
P/BV
ratio
6.7x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Innovator IBD 50 Fund is an active fund that takes the constituents of the IBD 50 Index and reweights them from price-weighted to a proprietary method based on specific fundamental and technical indicators. It holds US-listed stocks and ADRs.

FUND BASICS
Category US Equities
Fund Sponsor Academy Funds
Website www.innovatorfunds.com
Inception date Apr 08, 2015
Assets (mns) $198
Currency USD
Expense ratio 80 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $138,189
Large cap (>$10bn) 78.4%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 2.5%
Developed mkts 91.9%
Emerging mkts 8.1%

TOP TEN HOLDINGS
ETSY, INC. 4.2 %
TRADE DESK, INC. CLASS A 3.8 %
LOGITECH INTERNATIONAL-REG 3.6 %
GENERAC HOLDINGS INC 3.5 %
TERADYNE INC 3.5 %
CROCS INC 3.4 %
PENNYMAC FINANCIAL SERVICE-A 3.4 %
ENTEGRIS INC 3.4 %
NATIONAL BEVERAGE CORP 3.4 %
NVIDIA CORP 3.3 %
Total 35.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.8 %
SWITZERLAND 3.6 %
TAIWAN 2.9 %
CHINA 2.1 %
HONG KONG 2.0 %
CANADA 1.0 %
IRELAND 0.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.7% 12.0% 11.0% -- 9.6%

Market Correlations
versus... Beta R-squared
S&P500 1.07 72%
MSCI EAFE 0.96 57%
MSCI Emg. Mkts. 0.76 45%

Technical Indicators
Recent close $39.50
30d moving avg. $37.92
Annualized volatility 23.5%
Short interest (ETF) 1.4%
Short interest (Underlying) 6.8%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 71
Turnover 1.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $46,046

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Innovator IBD 50 ETF ETF based on the alternatives' overlap in portfolio holdings with FFTY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FFTY Expense: 80 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FFTY
Ticker Fund
Name
Overlap1
vs FFTY
(%)
Expense
ratio
(bp)
Savings
vs FFTY
(bp)
ALTAR
Score™
(%)
ALTAR
vs FFTY
(%)
QGRO American Century STOXX U.S. Quality Growth ETF 24.5 29 51 3.1 -0.7
PWB Invesco Dynamic Large Cap Growth ETF 22.7 56 24 3.3 -0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 21.4 75 5 2.4 -1.5
RPG Invesco S&P 500 Pure Growth ETF 20.8 35 45 4.2 +0.4
PTF Invesco DWA Technology Momentum ETF 20.6 60 20 -0.8 -4.7
XNTK SPDR NYSE Technology ETF 20.3 35 45 3.2 -0.6
SPMO Invesco S&P 500 Momentum ETF 20.3 13 67 4.0 +0.1
NULG Nuveen ESG Large-Cap Growth ETF 18.6 35 45 3.6 -0.3
FTC First Trust Large Cap Growth AlphaDEX Fund 18.3 61 19 2.4 -1.5
GBGR Global Beta Momentum-Growth ETF 17.3 29 51 5.1 +1.3
BOUT Innovator IBD Breakout Opportunities ETF 17.1 84 -4 2.5 -1.3
FDMO Fidelity Momentum Factor ETF 17.1 29 51 3.2 -0.7
PDP Invesco DWA Momentum ETF 17.1 62 18 2.0 -1.9
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 16.5 99 -19 1.5 -2.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 16.4 75 5 4.0 +0.1
MTUM iShares MSCI USA Momentum Factor ETF 16.0 15 65 4.0 +0.2
SMH VanEck Vectors Semiconductor ETF 15.3 35 45 4.8 +1.0
ADME Aptus Drawdown Managed Equity ETF 15.2 79 1 3.5 -0.4
IQM Franklin Intelligent Machines ETF 15.1 50 30 1.6 -2.2
JMOM JPMorgan U.S. Momentum Factor ETF 15.0 12 68 3.2 -0.6
SCHG Schwab U.S. Large-Cap Growth ETF 14.9 4 76 3.4 -0.5
SYG SPDR MFS Systematic Growth Equity ETF 14.7 60 20 4.1 +0.2
MGK Vanguard Mega Cap Growth ETF 14.7 7 73 3.9 +0.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 14.5 49 31 1.1 -2.8
SOXX iShares PHLX Semiconductor ETF 14.5 46 34 4.9 +1.1
JKE iShares Morningstar Large-Cap Growth ETF 14.4 25 55 2.9 -1.0
IGM iShares Expanded Tech Sector ETF 14.3 46 34 3.6 -0.3
PSI Invesco Dynamic Semiconductors ETF 14.2 57 23 4.1 +0.2
MMLG First Trust Multi-Manager Large Growth ETF 14.1 85 -5 2.0 -1.8
FVL First Trust Value Line 100 Exchange-Traded Fund 14.0 70 10 4.9 +1.1
FTXL First Trust Nasdaq Semiconductor ETF 13.9 60 20 3.9 +0.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 13.9 57 23 4.6 +0.7
VOOG Vanguard S&P 500 Growth ETF 13.9 10 70 4.1 +0.3
AIQ Global X Future Analytics Tech ETF 13.8 68 12 3.8 -0.0
ENTR Entrepreneur 30 Fund 13.6 49 31 1.0 -2.9
JHMT John Hancock Multifactor Technology ETF 13.6 40 40 4.4 +0.5
IVW iShares S&P 500 Growth ETF 13.5 18 62 4.1 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 13.5 4 76 4.2 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 13.5 12 68 4.2 +0.4
TECB iShares US Tech Breakthrough Multisector ETF 13.5 40 40 3.9 +0.0
IWF iShares Russell 1000 Growth ETF 13.5 19 61 3.6 -0.2
IETC iShares Evolved U.S. Technology ETF 13.4 18 62 3.6 -0.2
VUG Vanguard Growth Index Fund 13.4 4 76 3.7 -0.1
IWY iShares Russell Top 200 Growth ETF 13.3 20 60 3.8 -0.0
VONG Vanguard Russell 1000 Growth Index Fund 13.2 8 72 3.8 -0.1
IUSG iShares Core S&P US Growth ETF 13.2 4 76 4.2 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 13.1 60 20 3.4 -0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 13.0 40 40 6.1 +2.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 12.9 60 20 3.4 -0.5
NUSI Nationwide Risk-Managed Income ETF 12.9 68 12 3.6 -0.3
QQQM Invesco NASDAQ 100 ETF 12.8 15 65 3.8 -0.1
QQQ Invesco QQQ Trust 12.8 20 60 3.7 -0.1
KOIN Innovation Shares NextGen Protocol ETF 12.8 95 -15 4.1 +0.3
FDN First Trust Dow Jones Internet Index Fund 12.5 52 28 1.8 -2.0
QQQN VictoryShares Nasdaq Next 50 ETF 12.5 18 62 2.9 -0.9
STLG iShares Factors US Growth Style ETF 12.5 25 55 4.2 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 12.5 60 20 3.8 -0.0
WUGI Esoterica NextG Economy ETF 12.2 75 5 1.3 -2.6
AFLG First Trust Active Factor Large Cap ETF 12.1 55 25 4.9 +1.1
ESGV Vanguard ESG U.S. Stock ETF 12.1 12 68 4.7 +0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 12.0 66 14 2.0 -1.9
SLT Pacer Salt High TruBeta US Market ETF 12.0 60 20 3.1 -0.8
GVIP Goldman Sachs Hedge Industry VIP ETF 11.8 45 35 3.5 -0.4
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 11.8 60 20 3.6 -0.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 11.8 59 21 4.0 +0.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 11.8 35 45 4.2 +0.4
FXL First Trust Technology AlphaDEX Fund 11.8 61 19 3.7 -0.2
XLK Technology Select Sector SPDR Fund 11.7 13 67 4.5 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 11.7 9 71 5.3 +1.4
THNQ ROBO Global Artificial Intelligence ETF 11.7 68 12 1.5 -2.4
AIEQ AI Powered Equity ETF 11.6 87 -7 1.9 -1.9
EXT WisdomTree U.S. Total Earnings Fund 11.6 28 52 5.2 +1.4
FTEC Fidelity MSCI Information Technology Index ETF 11.4 8 72 4.2 +0.4
TMFC Motley Fool 100 Index ETF 11.4 50 30 3.2 -0.6
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 11.4 59 21 3.8 -0.1
VGT Vanguard Information Technology Index Fund 11.3 10 70 4.2 +0.4
ALFA AlphaClone Alternative Alpha ETF 11.3 65 15 -0.5 -4.3
IYW iShares U.S. Technology ETF 11.3 43 37 3.7 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 11.2 27 53 4.6 +0.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.2 21 59 2.9 -1.0
QTUM Defiance Quantum ETF 11.1 40 40 4.9 +1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 11.0 12 68 4.6 +0.7
HIPR Direxion High Growth ETF 11.0 40 40 4.4 +0.5
PEXL Pacer US Export Leaders ETF 11.0 60 20 5.5 +1.7
FMK First Trust Mega Cap AlphaDEX Fund 11.0 70 10 4.8 +0.9
VFMO Vanguard U.S. Momentum Factor ETF 10.9 13 67 0.3 -3.5
IQSU IQ Candriam ESG US Equity ETF 10.8 9 71 4.8 +0.9
IWL iShares Russell Top 200 ETF 10.8 15 65 4.6 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 10.7 0 80 4.8 +1.0
OGIG O'Shares Global Internet Giants ETF 10.7 48 32 0.7 -3.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 10.7 49 31 4.7 +0.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 10.7 65 15 2.5 -1.4
MGC Vanguard Mega Cap Index Fund 10.6 7 73 4.8 +1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 10.6 20 60 4.6 +0.8
PBP Invesco S&P 500 BuyWrite ETF 10.5 49 31 4.7 +0.9
HSPX Global X S&P 500 Covered Call ETF 10.5 60 20 4.7 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 10.5 27 53 4.9 +1.1
VIRS Pacer BioThreat Strategy ETF 10.5 70 10 4.6 +0.8
CLRG IQ Chaikin U.S. Large Cap ETF 10.4 25 55 5.3 +1.4
SPY SPDR S&P 500 ETF Trust 10.3 9 71 5.0 +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:
Innovator IBD 50 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 25.1 %
Divided by: Fwd. P/BV 5.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.49
 
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.