Reality Shares DIVCON Dividend Guard ETF
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.0x P/Sales
ratio
2.4x
P/BV
ratio
5.9x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Reality Shares DIVCON Dividend Guard ETF tracks an index of dividend-paying US large-cap stocks that are likely to increase dividends. The fund may also move to a 50/50 long/short portfolio, depending on technical indicators.

FUND BASICS
Category US Equities
Fund Sponsor Reality Shares
Website www.realityshares.com
Inception date Jan 14, 2016
Assets (mns) $10
Currency USD
Expense ratio 129 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $84,877
Large cap (>$10bn) 88.0%
Mid cap ($2-10bn) 12.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOMINO'S PIZZA INC 2.5 %
ELI LILLY & CO 2.3 %
MSCI INC-A 2.3 %
ACTIVISION BLIZZARD INC 2.2 %
FACTSET RESEARCH SYSTEMS INC 2.2 %
MICROSOFT CORP 2.1 %
WEST PHARMACEUTICAL SERVICES 2.1 %
BAXTER INTERNATIONAL INC 2.1 %
ROLLINS INC 2.1 %
BOOZ ALLEN HAMILTON HOLDINGS 2.1 %
Total 21.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.3% 4.4% -- -- -2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.59 50%
MSCI EAFE 0.72 58%
MSCI Emg. Mkts. 0.56 45%

Technical Indicators
Recent close $22.29
30d moving avg. $24.42
Annualized volatility 14.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.7%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $45,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Reality Shares DIVCON Dividend Guard ETF ETF based on the alternatives' overlap in portfolio holdings with GARD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GARD Expense: 129 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GARD
Ticker Fund
Name
Overlap1
vs GARD
(%)
Expense
ratio
(bp)
Savings
vs GARD
(bp)
ALTAR
Score™
(%)
ALTAR
vs GARD
(%)
LEAD Reality Shares DIVCON Leaders Dividend ETF 99.7 43 86 5.4 +0.7
DFND Reality Shares DIVCON Dividend Defender ETF 65.0 121 8 4.7 -0.0
PSET Principal Price Setters Index ETF 35.3 29 100 6.7 +2.0
FTCS First Trust Capital Strength ETF 31.8 60 69 5.9 +1.2
VSDA VictoryShares Dividend Accelerator ETF 30.2 35 94 5.6 +0.9
PWB Invesco Dynamic Large Cap Growth ETF 26.8 55 74 4.3 -0.4
QUAL iShares MSCI Usa Quality Factor ETF 26.3 15 114 6.6 +1.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 26.2 29 100 5.4 +0.7
SPHQ Invesco S&P 500 Quality ETF 24.4 15 114 6.2 +1.5
TTAC TrimTabs Float Shrink ETF 24.2 59 70 5.0 +0.3
JQUA JPMorgan U.S. Quality Factor ETF 23.9 12 117 6.4 +1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.3 15 114 6.7 +2.0
HECO EcoLogical Strategy ETF 22.2 107 22 4.3 -0.4
JMOM JPMorgan U.S. Momentum Factor ETF 22.0 12 117 4.9 +0.2
KLCD KFA Large Cap Quality Dividend Index ETF 21.9 41 88 6.3 +1.6
ACIO Aptus Collared Income Opportunity ETF 21.7 79 50 6.3 +1.6
FDMO Fidelity Momentum Factor ETF 21.7 29 100 5.2 +0.6
FQAL Fidelity Quality Factor ETF 21.5 29 100 6.8 +2.1
FLQL Franklin LibertyQ U.S. Equity ETF 21.5 15 114 7.7 +3.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 20.9 75 54 3.8 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 20.8 19 110 7.3 +2.6
DSTL Distillate US Fundamental Stability & Value ETF 20.8 39 90 7.3 +2.7
JKE iShares Morningstar Large-Cap Growth ETF 20.5 25 104 4.4 -0.3
QLC FlexShares US Quality Large Cap Index Fund 20.5 32 97 7.1 +2.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.4 28 101 8.0 +3.3
FDLO Fidelity Low Volatility Factor ETF 20.4 29 100 6.2 +1.5
QUS SPDR MSCI USA StrategicFactors ETF 20.4 15 114 7.0 +2.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.1 75 54 4.7 +0.1
IWY iShares Russell Top 200 Growth ETF 20.0 20 109 5.3 +0.6
QDEF FlexShares Quality Dividend Defensive Index Fund 19.9 37 92 7.6 +2.9
IWF iShares Russell 1000 Growth ETF 19.8 19 110 5.4 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 19.8 8 121 5.5 +0.8
RDVY First Trust Rising Dividend Achievers ETF 19.8 50 79 9.5 +4.8
VIG Vanguard Dividend Appreciation Index Fund 19.6 6 123 6.1 +1.4
ADME Aptus Drawdown Managed Equity ETF 19.5 81 48 5.3 +0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 19.5 12 117 6.1 +1.4
NULG Nuveen ESG Large-Cap Growth ETF 19.3 35 94 4.5 -0.2
SUSL iShares ESG MSCI USA Leaders ETF 19.1 10 119 6.7 +2.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 19.1 10 119 6.7 +2.0
FLLV Franklin Liberty U.S. Low Volatility ETF 19.1 29 100 6.8 +2.1
RGI Invesco S&P 500 Equal Weight Industrials ETF 19.0 40 89 7.9 +3.2
RPG Invesco S&P 500 Pure Growth ETF 18.7 35 94 6.1 +1.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.7 52 77 7.5 +2.8
QDF FlexShares Quality Dividend Index Fund 18.4 37 92 8.5 +3.8
KRMA Global X Conscious Companies ETF 18.2 43 86 7.0 +2.3
ESGU iShares MSCI USA ESG Optimized ETF 18.1 15 114 6.4 +1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 18.1 9 120 7.0 +2.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.1 60 69 5.7 +1.0
RNLC Large Cap US Equity Select ETF 18.0 60 69 7.7 +3.0
FTC First Trust Large Cap Growth AlphaDEX Fund 18.0 61 68 4.1 -0.6
PDP Invesco DWA Momentum ETF 17.9 62 67 4.1 -0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.8 30 99 7.6 +2.9
VOOG Vanguard S&P 500 Growth ETF 17.8 10 119 5.5 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 17.8 4 125 5.5 +0.9
IVW iShares S&P 500 Growth ETF 17.8 18 111 5.4 +0.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 17.8 15 114 5.3 +0.6
FCPI Fidelity Stocks for Inflation ETF 17.7 29 100 8.8 +4.1
IUSG iShares Core S&P US Growth ETF 17.6 4 125 5.7 +1.0
NUMG Nuveen ESG Mid-Cap Growth ETF 17.5 40 89 4.3 -0.4
HSPX Global X S&P 500 Covered Call ETF 17.4 65 64 6.1 +1.5
QLV FlexShares US Quality Low Volatility Index Fund 17.3 22 107 6.1 +1.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 17.2 45 84 6.0 +1.3
VUG Vanguard Growth Index Fund 17.2 4 125 5.3 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 17.0 20 109 6.4 +1.7
PBP Invesco S&P 500 BuyWrite ETF 16.9 49 80 6.5 +1.8
SPXN ProShares S&P 500 Ex-Financials ETF 16.9 27 102 6.4 +1.7
RECS Columbia Research Enhanced Core ETF 16.8 15 114 7.2 +2.5
DEF Invesco Defensive Equity ETF 16.8 55 74 6.1 +1.4
MGK Vanguard Mega Cap Growth ETF 16.8 7 122 5.4 +0.7
AFLG First Trust Active Factor Large Cap ETF 16.8 55 74 7.8 +3.1
MGC Vanguard Mega Cap Index Fund 16.7 7 122 6.6 +1.9
IWL iShares Russell Top 200 ETF 16.6 15 114 6.4 +1.7
DGRO iShares Core Dividend Growth ETF 16.6 8 121 8.1 +3.4
AIEQ AI Powered Equity ETF 16.6 87 42 5.0 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 16.5 12 117 6.4 +1.8
SCHG Schwab U.S. Large-Cap Growth ETF 16.4 4 125 5.4 +0.7
SHE SPDR SSGA Gender Diversity Index ETF 16.4 20 109 7.1 +2.4
QGRO American Century STOXX U.S. Quality Growth ETF 16.3 29 100 4.3 -0.4
OEF iShares S&P 100 ETF 16.3 20 109 6.1 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.2 20 109 6.8 +2.1
YLDE ClearBridge Dividend Strategy ESG ETF 16.2 60 69 5.9 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 16.2 27 102 6.7 +2.0
NACP Impact Shares NAACP Minority Empowerment ETF 16.2 75 54 6.0 +1.3
DSI iShares MSCI KLD 400 Social ETF 16.2 25 104 6.5 +1.8
RYH Invesco S&P 500 Equal Weight Health Care ETF 16.1 40 89 7.6 +2.9
LRGF iShares Edge MSCI Multifactor USA ETF 16.1 20 109 8.6 +3.9
SUSA iShares MSCI USA ESG Select ETF 16.1 25 104 6.0 +1.3
XLG Invesco S&P 500 Top 50 ETF 16.0 20 109 5.7 +1.1
SPMV Invesco S&P 500 Minimum Variance ETF 16.0 10 119 7.0 +2.3
TMFC Motley Fool 100 Index ETF 16.0 50 79 4.8 +0.1
IQSU IQ Candriam ESG US Equity ETF 15.9 9 120 6.4 +1.7
CACG ClearBridge All Cap Growth ETF 15.9 54 75 5.4 +0.7
SPY SPDR S&P 500 ETF Trust 15.9 9 120 6.8 +2.1
IVV iShares Core S&P 500 ETF 15.9 4 125 6.8 +2.1
FVL First Trust Value Line 100 Exchange-Traded Fund 15.9 70 59 5.3 +0.6
VOO VANGUARD S&P 500 ETF 15.9 3 126 6.8 +2.1
LRGE ClearBridge Large Cap Growth ESG ETF 15.8 60 69 5.1 +0.4
SPLG SPDR Portfolio Large Cap ETF 15.8 3 126 6.9 +2.2
SPGP Invesco S&P 500 GARP ETF 15.8 35 94 10.2 +5.6
EXT WisdomTree U.S. Total Earnings Fund 15.8 28 101 7.3 +2.6

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:
Reality Shares DIVCON Dividend Guard 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 33.7 %
Divided by: Fwd. P/BV 5.6 x
Less: Expense ratio 129 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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