Defiance Next Gen Connectivity ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
23.9x P/Sales
ratio
2.0x
P/BV
ratio
2.8x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Defiance Next Gen Connectivity ETF seeks to track the total return performance, before fees and expenses, of the Bluestar 5G Communications Index. Companies in the index are engaged in the research & development or commercialization of systems and ma

FUND BASICS
Category US Equities
Fund Sponsor Defiance ETFs
Website www.defianceetfs.com
Inception date Mar 04, 2019
Assets (mns) $185
Currency USD
Expense ratio 30 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $78,242
Large cap (>$10bn) 75.7%
Mid cap ($2-10bn) 13.7%
Small cap (<$2bn) 10.5%
Developed mkts 98.3%
Emerging mkts 1.7%

TOP TEN HOLDINGS
NOKIA CORP-SPON ADR 5.3 %
NXP SEMICONDUCTORS NV 5.2 %
QUALCOMM INC 5.1 %
ANALOG DEVICES INC 4.9 %
ERICSSON (LM) TEL-SP ADR 4.4 %
XILINX INC 4.1 %
AKAMAI TECHNOLOGIES 3.1 %
AMERICAN TOWER CORP-CL A 3.0 %
SKYWORKS SOLUTIONS INC 2.8 %
AT&T INC 2.8 %
Total 40.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 72.2 %
NETHERLANDS 6.1 %
FINLAND 5.3 %
SWEDEN 4.4 %
BERMUDA 2.8 %
BRITAIN 1.8 %
HONG KONG 1.6 %
ISRAEL 1.3 %
SOUTH KOREA 1.1 %
FRANCE 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.7% -- -- -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $27.16
30d moving avg. $25.92
Annualized volatility 0.0%
Short interest (ETF) 1.1%
Relative strength (RSI) 82

Liquidity measures
Avg. volume (thou.) 130
Turnover 1.9%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $25,624

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Defiance Next Gen Connectivity ETF ETF based on the alternatives' overlap in portfolio holdings with FIVG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIVG Expense: 30 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIVG
Ticker Fund
Name
Overlap1
vs FIVG
(%)
Expense
ratio
(bp)
Savings
vs FIVG
(bp)
ALTAR
Score™
(%)
ALTAR
vs FIVG
(%)
FONE First Trust Cea Smartphone 34.4 70 -40 5.7 +0.6
SOXX iShares PHLX SOX Semiconductor 25.2 46 -16 5.5 +0.3
SMH VanEck Vectors Semiconductors 23.4 35 -5 5.8 +0.7
TDIV First Trust NASDAQ Technology Dividend 21.0 50 -20 6.3 +1.1
XSD SPDR S&P Semiconductors 19.7 35 -5 4.1 -1.0
XTL SPDR S&P Telecom 19.4 35 -5 5.1 -0.1
RYT Invesco S&P Equal Weight Technology 19.3 40 -10 6.1 +0.9
GDAT Goldman Sachs Motif Data-Driven World 18.5 50 -20 5.4 +0.3
IYZ iShares U.S. Telecommunications 17.4 42 -12 8.0 +2.9
JHMT John Hancock Multifactor Technology 16.6 40 -10 5.5 +0.4
QTEC First Trust NASDAQ 100 Tech 16.2 57 -27 5.2 +0.1
PSI Invesco Dynamic Semiconductors 16.2 58 -28 5.4 +0.2
PXQ Invesco Dynamic Networking 15.9 63 -33 3.6 -1.5
BUL Pacer US Cash Cows Growth 15.8 60 -30 6.6 +1.4
FTXL First Trust Nasdaq Semiconductor 15.6 60 -30 5.3 +0.2
IDRV iShares Self-driving EV & Tech 15.4 47 -17 8.3 +3.1
XNTK SPDR NYSE Technology 14.1 35 -5 4.8 -0.4
QTUM Defiance Quantum 13.3 40 -10 5.5 +0.3
FMK First Trust Mega Cap AlphaDEX 13.0 70 -40 5.4 +0.2
SPHB Invesco S&P 500 High Beta 12.8 25 5 6.3 +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

  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

Content on this tab for subscribers only

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:
Defiance Next Gen Connectivity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.55
 
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.