VanEck Vectors Unconventional Oil & Gas
ALTAR
Score™
2.2% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
18.2x P/Sales
ratio
1.4x
P/BV
ratio
0.9x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Unconventional Oil & Gas ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Unconventional Oil & Gas Index.

FUND BASICS
Category US Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Feb 15, 2012
Assets (mns) $18
Currency USD
Expense ratio 54 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 39
Wgt avg mkt cap (mns) $18,901
Large cap (>$10bn) 49.5%
Mid cap ($2-10bn) 41.1%
Small cap (<$2bn) 9.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONOCOPHILLIPS 9.4 %
OCCIDENTAL PETROLEUM CORP 7.3 %
PIONEER NATURAL RESOURCES CO 7.1 %
EOG RESOURCES INC 6.9 %
HESS CORP 6.2 %
CONCHO RESOURCES INC 5.3 %
CENOVUS ENERGY INC. 4.8 %
DIAMONDBACK ENERGY INC 4.7 %
MARATHON OIL CORP 4.5 %
DEVON ENERGY CORPORATION 4.5 %
Total 60.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 83.0 %
CANADA 16.3 %









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.
-10.5% -25.1% -14.8% -- -10.9%

Market Correlations
versus... Beta R-squared
S&P500 1.46 44%
MSCI EAFE 1.59 43%
MSCI Emg. Mkts. 0.90 22%

Technical Indicators
Recent close $10.12
30d moving avg. $10.00
Annualized volatility 26.6%
Short interest (ETF) 0.5%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.1%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $3,552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VanEck Vectors Unconventional Oil & Gas ETF based on the alternatives' overlap in portfolio holdings with FRAK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FRAK Expense: 54 bp ALTAR Score™: 2.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FRAK
Ticker Fund
Name
Overlap1
vs FRAK
(%)
Expense
ratio
(bp)
Savings
vs FRAK
(bp)
ALTAR
Score™
(%)
ALTAR
vs FRAK
(%)
IEO iShares U.S. Oil & Gas Exploration & Production 51.2 42 12 3.2 +1.0
FXN First Trust Energy Alphadex 48.0 63 -9 4.2 +2.0
XOP SPDR S&P Oil & Gas Exploration 43.7 35 19 3.5 +1.3
JHME John Hancock Multifactor Energy 43.0 40 14 3.3 +1.1
RYE Invesco S&P Equal Weight Energy ETF 42.4 40 14 3.4 +1.3
PXE Invesco Dynamic Energy Exploration & Production 29.2 63 -9 1.2 -1.0
FCG First Trust ISE-Revere Natural Gas 26.8 60 -6 3.4 +1.2
FTXN First Trust Nasdaq Oil & Gas 25.9 60 -6 2.6 +0.5
XLE Energy Select Sector SPDR 23.7 13 41 4.3 +2.2
IYE iShares DJ US Energy Sector 23.5 42 12 3.9 +1.8
FENY Fidelity MSCI Energy 23.2 8 46 3.9 +1.8
VDE Vanguard Energy ETF 23.1 10 44 3.9 +1.7
PXI Invesco Dynamic Energy Sector 23.0 60 -6 -0.8 -2.9
XLEY Cushing Energy & MLP 20.7 65 -11 3.5 +1.3
IGE iShares North American Natural Resources 19.3 46 8 3.9 +1.8
NANR SPDR S&P N. American Nat. Resources 17.7 35 19 4.0 +1.8
FILL iShares MSCI Global Energy Producers 14.5 39 15 5.6 +3.5
IXC iShares S&P Global Energy Sector 12.0 46 8 5.1 +3.0
EQRR ProShares Equities for Rising Rates 11.8 35 19 7.9 +5.8
SPHB Invesco S&P 500 High Beta 9.9 25 29 7.0 +4.9

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:
VanEck Vectors Unconventional Oil & Gas
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 2.4 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 54 bp
Equals: ALTAR Score 2.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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