VanEck Vectors Morningstar Global Wide Moat ETF
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.8x P/Sales
ratio
2.8x
P/BV
ratio
3.1x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VanEck Vectors Morningstar Global Wide Moat ETF tracks a staggered, equal-weighted index of companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage.

FUND BASICS
Category Global Equities
Fund Sponsor VanEck
Website www.vaneck.com
Inception date Oct 30, 2018
Assets (mns) $9
Currency USD
Expense ratio 56 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 68
Wgt avg mkt cap (mns) $179,039
Large cap (>$10bn) 86.3%
Mid cap ($2-10bn) 11.8%
Small cap (<$2bn) 1.9%
Developed mkts 94.8%
Emerging mkts 5.2%

TOP TEN HOLDINGS
GEA GROUP AG 2.4 %
SERVICENOW INC 2.2 %
TENCENT HOLDINGS LTD 2.2 %
NABTESCO CORP 2.2 %
MICROSOFT CORP 2.2 %
CONSTELLATION BRANDS INC-A 2.2 %
NIKE INC -CL B 2.1 %
GUIDEWIRE SOFTWARE INC 2.1 %
EMERSON ELECTRIC CO 2.1 %
JULIUS BAER GROUP LTD 2.1 %
Total 21.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 62.3 %
BRITAIN 6.7 %
FRANCE 5.2 %
CHINA 5.2 %
JAPAN 5.2 %
SWITZERLAND 4.1 %
GERMANY 3.5 %
CANADA 2.0 %
IRELAND 1.9 %
DENMARK 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.3% 8.4% -- -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 0.91 99%
MSCI EAFE 0.97 92%
MSCI Emg. Mkts. 0.71 74%

Technical Indicators
Recent close $30.33
30d moving avg. $30.01
Annualized volatility 19.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.0%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $67,808

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VanEck Vectors Morningstar Global Wide Moat ETF ETF based on the alternatives' overlap in portfolio holdings with GOAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GOAT Expense: 56 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GOAT
Ticker Fund
Name
Overlap1
vs GOAT
(%)
Expense
ratio
(bp)
Savings
vs GOAT
(bp)
ALTAR
Score™
(%)
ALTAR
vs GOAT
(%)
MOAT VanEck Vectors Morningstar Wide Moat ETF 49.6 49 7 6.4 +0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 27.3 25 31 6.2 +0.2
OEF iShares S&P 100 ETF 24.7 20 36 4.9 -1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 23.2 12 44 4.9 -1.2
XLG Invesco S&P 500 Top 50 ETF 22.9 20 36 4.6 -1.5
IWL iShares Russell Top 200 ETF 22.7 15 41 5.1 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 22.2 0 56 5.3 -0.7
MGC Vanguard Mega Cap Index Fund 22.0 7 49 5.3 -0.7
IOO iShares Global 100 ETF 21.0 40 16 4.8 -1.3
DSI iShares MSCI KLD 400 Social ETF 20.9 25 31 5.2 -0.8
SNPE Xtrackers S&P 500 ESG ETF 20.9 11 45 5.2 -0.9
JOYY Infusive Compounding Global Equities ETF 20.8 50 6 3.9 -2.2
SPXE ProShares S&P 500 Ex-Energy ETF 20.8 27 29 5.4 -0.6
MGV Vanguard Mega Cap Value ETF 20.6 7 49 7.4 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 20.6 20 36 5.4 -0.6
PBP Invesco S&P 500 BuyWrite ETF 20.5 49 7 5.0 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 20.4 27 29 5.7 -0.3
SPY SPDR S&P 500 ETF Trust 20.4 9 47 5.4 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 20.4 49 7 4.2 -1.9
IVV iShares Core S&P 500 ETF 20.3 4 52 5.5 -0.6
SPLG SPDR Portfolio Large Cap ETF 20.3 3 53 5.5 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 20.3 27 29 5.0 -1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 20.2 10 46 5.4 -0.7
VOO VANGUARD S&P 500 ETF 20.2 3 53 5.5 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 20.1 10 46 5.4 -0.7
HSPX Global X S&P 500 Covered Call ETF 20.1 65 -9 4.9 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 20.1 8 48 6.6 +0.5
IUS Invesco Strategic US ETF 19.8 19 37 6.7 +0.7
SFY SoFi Select 500 ETF 19.8 0 56 5.3 -0.7
SUSA iShares MSCI USA ESG Select ETF 19.7 25 31 4.9 -1.2
VV Vanguard Large-Cap Index Fund 19.7 4 52 5.3 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 19.6 2 54 5.4 -0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 19.5 7 49 5.3 -0.8
DGRO iShares Core Dividend Growth ETF 19.4 8 48 6.7 +0.7
IWX iShares Russell Top 200 Value ETF 19.4 20 36 7.3 +1.2
ESGU iShares MSCI USA ESG Optimized ETF 19.3 15 41 5.2 -0.9
FLQL Franklin LibertyQ U.S. Equity ETF 19.3 15 41 6.4 +0.3
SCHX Schwab U.S. Large-Cap ETF 19.2 3 53 5.4 -0.7
PBUS Invesco PureBeta MSCI USA ETF 19.1 4 52 5.3 -0.7
USDY Pacific Global US Equity Income ETF 19.1 29 27 7.3 +1.3
VTV Vanguard Value Index Fund 19.1 4 52 7.5 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 19.1 32 24 5.1 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 19.1 3 53 5.6 -0.4
FDRR Fidelity Dividend ETF for Rising Rates 19.0 29 27 7.1 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.9 60 -4 4.5 -1.6
IWB iShares Russell 1000 ETF 18.9 15 41 5.3 -0.8
JQUA JPMorgan U.S. Quality Factor ETF 18.9 12 44 5.3 -0.7
VONE Vanguard Russell 1000 ETF 18.9 8 48 5.3 -0.7
QUAL iShares MSCI Usa Quality Factor ETF 18.8 15 41 5.5 -0.6
SCHK Schwab 1000 Index ETF 18.8 5 51 5.3 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.7 20 36 5.0 -1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 18.6 27 29 5.1 -1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 18.6 75 -19 4.6 -1.4
IYY iShares Dow Jones U.S. ETF 18.6 20 36 5.2 -0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 18.6 15 41 6.3 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 18.4 15 41 5.9 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 18.4 28 28 6.5 +0.4
IQSU IQ Candriam ESG US Equity ETF 18.4 9 47 5.2 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 18.3 29 27 5.3 -0.8
DIVB iShares U.S. Dividend & Buyback ETF 18.2 25 31 6.7 +0.7
DGT SPDR Global Dow ETF 18.2 50 6 6.9 +0.8
FQAL Fidelity Quality Factor ETF 18.2 29 27 5.5 -0.5
IXJ iShares Global Healthcare ETF 18.1 46 10 6.3 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.1 12 44 5.0 -1.0
IWV iShares Russell 3000 ETF 18.0 20 36 5.1 -0.9
VTHR Vanguard Russell 3000 Index Fund 18.0 10 46 5.2 -0.8
SCHB Schwab U.S. Broad Market ETF 18.0 3 53 5.3 -0.7
FVAL Fidelity Value Factor ETF 17.9 29 27 8.1 +2.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 17.9 3 53 5.3 -0.8
TOK iShares MSCI Kokusai ETF 17.9 25 31 5.7 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 17.8 4 52 7.3 +1.3
VTI Vanguard Total Stock Market Index Fund 17.8 3 53 5.2 -0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 17.8 9 47 5.7 -0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 17.8 28 28 6.6 +0.5
ESGV Vanguard ESG U.S. Stock ETF 17.8 12 44 5.3 -0.8
NACP Impact Shares NAACP Minority Empowerment ETF 17.7 75 -19 4.6 -1.4
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 17.6 59 -3 3.7 -2.4
OUSA O'Shares FTSE US Quality Dividend ETF 17.6 48 8 5.8 -0.3
CLRG IQ Chaikin U.S. Large Cap ETF 17.6 25 31 6.1 +0.1
GVIP Goldman Sachs Hedge Industry VIP ETF 17.5 45 11 4.7 -1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 17.5 25 31 6.6 +0.6
RAFE PIMCO RAFI ESG U.S. ETF 17.4 29 27 7.9 +1.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 17.4 75 -19 3.9 -2.2
PRF Invesco FTSE RAFI US 1000 ETF 17.4 39 17 6.9 +0.9
KRMA Global X Conscious Companies ETF 17.3 43 13 5.3 -0.8
IVW iShares S&P 500 Growth ETF 17.3 18 38 4.2 -1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 17.3 4 52 4.4 -1.7
VOOG Vanguard S&P 500 Growth ETF 17.2 10 46 4.3 -1.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 17.2 19 37 6.1 +0.1
VYM Vanguard High Dividend Yield Index ETF 17.0 6 50 7.5 +1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.0 30 26 6.6 +0.6
URTH iShares MSCI World ETF 17.0 24 32 5.8 -0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 17.0 19 37 5.7 -0.3
FLLV Franklin Liberty U.S. Low Volatility ETF 17.0 29 27 5.9 -0.2
VOOV Vanguard S&P 500 Value ETF 17.0 15 41 7.5 +1.4
JHML John Hancock Multifactor Large Cap ETF 16.9 29 27 5.7 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.9 9 47 5.6 -0.4
DTD WisdomTree U.S.Total Dividend Fund 16.9 28 28 6.7 +0.7
AIQ Global X Future Analytics Tech ETF 16.9 68 -12 4.0 -2.1
SPYV SPDR Portfolio S&P 500 Value ETF 16.8 4 52 7.5 +1.5

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:
VanEck Vectors Morningstar Global Wide Moat ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.4 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.50
 
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.