Innovator IBD 50 ETF
ALTAR
Score™
3.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.4x P/Sales
ratio
4.0x
P/BV
ratio
5.1x Div.
yield
0.7%


  • 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 09, 2015
Assets (mns) $204
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 51
Wgt avg mkt cap (mns) $73,394
Large cap (>$10bn) 71.2%
Mid cap ($2-10bn) 19.7%
Small cap (<$2bn) 9.1%
Developed mkts 96.3%
Emerging mkts 3.7%

TOP TEN HOLDINGS
VEEVA SYSTEMS INC-CLASS A 3.7 %
TRADEWEB MARKETS, INC. CLASS A 3.7 %
VERTEX PHARMACEUTICALS INC 3.5 %
ADOBE SYSTEMS INC 3.5 %
SERVICENOW INC 3.4 %
CHEGG INC 3.4 %
FORTINET INC 3.3 %
ADVANCED MICRO DEVICES 3.3 %
FRANCO-NEVADA CORP 3.3 %
NETFLIX INC 3.2 %
Total 34.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.6 %
CANADA 5.2 %
TAIWAN 1.9 %
HONG KONG 1.8 %
ISRAEL 0.5 %






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.
-7.5% -0.4% 5.1% -- 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.10 68%
MSCI EAFE 1.07 55%
MSCI Emg. Mkts. 0.74 41%

Technical Indicators
Recent close $32.60
30d moving avg. $30.77
Annualized volatility 22.5%
Short interest (ETF) 0.3%
Short interest (Underlying) 6.8%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 89
Turnover 1.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $37,299

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™: 3.5%


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 25.9 29 51 3.1 -0.4
XNTK SPDR Morgan Stanley Technology ETF 23.7 35 45 4.0 +0.5
PTF Invesco DWA Technology Momentum ETF 21.3 60 20 1.3 -2.2
TECB iShares US Tech Breakthrough Multisector ETF 20.9 40 40 4.1 +0.6
RPG Invesco S&P 500 Pure Growth ETF 20.6 35 45 4.4 +0.9
AIQ Global X Future Analytics Tech ETF 19.9 68 12 4.2 +0.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 19.4 15 65 4.8 +1.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 18.6 75 5 2.2 -1.4
JKE iShares Morningstar Large-Cap Growth ETF 17.9 25 55 3.5 -0.1
PWB Invesco Dynamic Large Cap Growth ETF 17.4 55 25 3.5 -0.1
FDN First Trust Dow Jones Internet Index Fund 17.4 52 28 2.5 -1.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 17.1 57 23 5.1 +1.6
ENTR Entrepreneur 30 Fund 17.1 49 31 3.3 -0.3
FXL First Trust Technology AlphaDEX Fund 16.3 61 19 3.3 -0.3
ADME Aptus Drawdown Managed Equity ETF 16.2 81 -1 3.8 +0.3
QYLD Global X NASDAQ 100 Covered Call ETF 16.1 60 20 3.7 +0.2
IGM iShares North American Tech ETF 15.7 46 34 4.0 +0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 15.6 61 19 3.0 -0.5
NUSI Nationwide Risk-Managed Income ETF 15.5 68 12 3.7 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 15.5 60 20 4.6 +1.1
GVIP Goldman Sachs Hedge Industry VIP ETF 15.3 45 35 5.0 +1.5
QQQ Invesco QQQ Trust 15.3 20 60 4.1 +0.6
IYW iShares U.S. Technology ETF 15.3 42 38 4.3 +0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 14.7 60 20 4.1 +0.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 14.6 35 45 4.4 +0.8
NULG Nuveen ESG Large-Cap Growth ETF 14.3 35 45 3.4 -0.1
MOAT VanEck Vectors Morningstar Wide Moat ETF 13.9 49 31 6.1 +2.5
PNQI Invesco NASDAQ Internet ETF 13.7 62 18 1.2 -2.4
MGK Vanguard Mega Cap Growth ETF 13.6 7 73 4.3 +0.8
IETC iShares Evolved U.S. Technology ETF 13.5 18 62 4.1 +0.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 13.4 75 5 3.7 +0.1
VUG Vanguard Growth Index Fund 13.4 4 76 4.2 +0.7
AIEQ AI Powered Equity ETF 13.2 87 -7 3.3 -0.2
SMH VanEck Vectors Semiconductor ETF 13.0 35 45 5.8 +2.2
SOXX iShares PHLX Semiconductor ETF 13.0 46 34 5.5 +1.9
TMFC Motley Fool 100 Index ETF 13.0 50 30 4.0 +0.4
RYT Invesco S&P 500 Equal Weight Technology ETF 13.0 40 40 7.4 +3.8
SPYG SPDR Portfolio S&P 500 Growth ETF 12.7 4 76 4.5 +0.9
XLK Technology Select Sector SPDR Fund 12.7 13 67 5.0 +1.5
IVW iShares S&P 500 Growth ETF 12.7 18 62 4.3 +0.8
VOOG Vanguard S&P 500 Growth ETF 12.5 10 70 4.4 +0.9
IWY iShares Russell Top 200 Growth ETF 12.5 20 60 4.3 +0.8
JHMT John Hancock Multifactor Technology ETF 12.4 40 40 5.1 +1.6
VGT Vanguard Information Technology Index Fund 12.3 10 70 4.8 +1.3
IUSG iShares Core S&P US Growth ETF 12.2 4 76 4.5 +1.0
IWF iShares Russell 1000 Growth ETF 12.2 19 61 4.3 +0.8
VONG Vanguard Russell 1000 Growth Index Fund 12.2 8 72 4.4 +0.9
IGV iShares North American Tech-Software ETF 12.2 46 34 2.6 -1.0
GDAT Goldman Sachs Motif Data-Driven World Etf 12.1 50 30 5.2 +1.6
FTEC Fidelity MSCI Information Technology Index ETF 12.1 8 72 4.9 +1.3
OGIG O'Shares Global Internet Giants ETF 12.1 48 32 0.5 -3.0
SCHG Schwab U.S. Large-Cap Growth ETF 12.0 4 76 4.3 +0.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.9 21 59 3.2 -0.3
SPMO Invesco S&P 500 Momentum ETF 11.8 13 67 4.5 +0.9
BIBL Inspire ETF 11.7 35 45 4.7 +1.2
VEGN US Vegan Climate ETF 11.4 60 20 5.3 +1.8
FDMO Fidelity Momentum Factor ETF 11.3 29 51 3.9 +0.4
PSI Invesco Dynamic Semiconductors ETF 11.1 58 22 5.0 +1.5
XITK SPDR FactSet Innovative Technology ETF 11.0 45 35 0.4 -3.2
PDP Invesco DWA Momentum ETF 10.9 62 18 2.8 -0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 10.8 60 20 4.5 +1.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 10.6 49 31 3.2 -0.4
FMK First Trust Mega Cap AlphaDEX Fund 10.6 70 10 5.3 +1.7
IXN iShares Global Tech ETF 10.5 46 34 4.8 +1.3
CLOU Global X Cloud Computing ETF 10.5 68 12 0.7 -2.8
DSI iShares MSCI KLD 400 Social ETF 10.3 25 55 5.3 +1.7
MILN Global X Millennials Thematic ETF 10.2 50 30 2.7 -0.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 10.1 52 28 5.4 +1.9
CACG ClearBridge All Cap Growth ETF 10.0 54 26 4.5 +0.9
VOT Vanguard Mid-Cap Growth Index Fund 10.0 7 73 3.6 +0.0
HELX Franklin Genomic Advancements ETF 10.0 50 30 -1.8 -5.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 10.0 12 68 5.1 +1.6
SFY SoFi Select 500 ETF 10.0 0 80 5.4 +1.8
IBUY Amplify Online Retail ETF 10.0 65 15 -1.6 -5.1
FTXL First Trust Nasdaq Semiconductor ETF 9.9 60 20 5.3 +1.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 9.9 60 20 3.6 +0.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 9.9 49 31 4.2 +0.6
JMOM JPMorgan U.S. Momentum Factor ETF 9.7 12 68 3.9 +0.4
LRNZ TrueMark Technology, AI & Deep Learning ETF 9.7 68 12 0.9 -2.7
VFMO Vanguard U.S. Momentum Factor ETF 9.6 13 67 2.1 -1.4
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 9.5 99 -19 1.8 -1.7
ARKW ARK Web x.0 ETF 9.5 76 4 -0.8 -4.4
IRBO iShares Robotics & Artificial Intelligence ETF 9.5 47 33 2.6 -1.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 9.4 66 14 2.6 -1.0
IWL iShares Russell Top 200 ETF 9.3 15 65 5.2 +1.6
KOIN Innovation Shares NextGen Protocol ETF 9.3 95 -15 4.4 +0.9
XSW SPDR S&P Software & Services ETF 9.2 35 45 3.4 -0.1
PBP Invesco S&P 500 BuyWrite ETF 9.2 49 31 5.1 +1.6
SPXN ProShares S&P 500 Ex-Financials ETF 9.2 27 53 5.1 +1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 9.1 12 68 4.9 +1.3
FPX First Trust US IPO Index Fund 9.1 59 21 4.2 +0.6
ESGV Vanguard ESG U.S. Stock ETF 9.1 12 68 5.3 +1.8
SFYF SoFi 50 ETF 9.1 29 51 5.5 +1.9
HSPX Global X S&P 500 Covered Call ETF 9.1 65 15 5.0 +1.4
MGC Vanguard Mega Cap Index Fund 9.0 7 73 5.3 +1.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 9.0 20 60 5.1 +1.5
OEF iShares S&P 100 ETF 9.0 20 60 5.0 +1.4
DTEC ALPS Disruptive Technologies ETF 8.8 50 30 3.5 -0.0
FXH First Trust Health Care AlphaDEX Fund 8.8 62 18 4.3 +0.8
GIGE SoFi Gig Economy ETF 8.8 59 21 -0.6 -4.2

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 20.4 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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