VanEck Vectors Morningstar Global Wide Moat ETF
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.3x P/Sales
ratio
3.1x
P/BV
ratio
3.3x Div.
yield
2.2%


  • 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) $12
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 66
Wgt avg mkt cap (mns) $188,908
Large cap (>$10bn) 86.6%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 0.0%
Developed mkts 93.9%
Emerging mkts 6.1%

TOP TEN HOLDINGS
APPLIED MATERIALS INC 2.6 %
CORTEVA INC 2.5 %
JULIUS BAER GROUP LTD 2.4 %
NABTESCO CORP 2.4 %
COMPASS MINERALS INTERNATION 2.3 %
TENCENT HOLDINGS LTD 2.2 %
SERVICENOW INC 2.2 %
ALPHABET INC. CLASS A 2.2 %
EMERSON ELECTRIC CO 2.2 %
BERKSHIRE HATHAWAY INC-CL B 2.1 %
Total 23.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 63.5 %
CHINA 7.5 %
JAPAN 6.6 %
BRITAIN 6.1 %
SWITZERLAND 4.1 %
CANADA 4.0 %
GERMANY 2.5 %
IRELAND 2.1 %
FRANCE 1.8 %
AUSTRALIA 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.4% 7.8% -- -- 10.2%

Market Correlations
versus... Beta R-squared
S&P500 0.89 98%
MSCI EAFE 0.97 92%
MSCI Emg. Mkts. 0.68 67%

Technical Indicators
Recent close $35.03
30d moving avg. $33.39
Annualized volatility 18.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.6%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $52,898

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™: 6.1%


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 51.3 49 7 6.2 +0.0
EQWL Invesco Russell Top 200 Equal Weight ETF 24.8 25 31 5.7 -0.5
OEF iShares S&P 100 ETF 23.8 20 36 4.5 -1.7
XLG Invesco S&P 500 Top 50 ETF 22.8 20 36 4.2 -1.9
MGV Vanguard Mega Cap Value ETF 21.8 7 49 6.7 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 21.6 0 56 4.7 -1.4
IWL iShares Russell Top 200 ETF 21.6 15 41 4.6 -1.6
MGC Vanguard Mega Cap Index Fund 21.3 7 49 4.8 -1.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.9 12 44 4.5 -1.6
IWX iShares Russell Top 200 Value ETF 20.5 20 36 6.2 +0.1
PBP Invesco S&P 500 BuyWrite ETF 19.9 49 7 4.6 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 19.8 27 29 4.9 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.8 15 41 5.8 -0.3
HSPX Global X S&P 500 Covered Call ETF 19.8 60 -4 4.6 -1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.7 20 36 4.9 -1.2
SPXN ProShares S&P 500 Ex-Financials ETF 19.7 27 29 4.6 -1.6
SPXT ProShares S&P 500 Ex-Technology ETF 19.6 27 29 5.1 -1.0
IOO iShares Global 100 ETF 19.6 40 16 4.4 -1.7
VTV Vanguard Value Index Fund 19.6 4 52 6.7 +0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 19.5 60 -4 4.6 -1.5
FLQL Franklin LibertyQ U.S. Equity ETF 19.5 15 41 5.8 -0.3
SPY SPDR S&P 500 ETF Trust 19.4 9 47 4.9 -1.2
IVV iShares Core S&P 500 ETF 19.4 3 53 5.0 -1.1
SFY SoFi Select 500 ETF 19.4 0 56 4.7 -1.4
SPLG SPDR Portfolio Large Cap ETF 19.4 3 53 5.0 -1.1
DGRO iShares Core Dividend Growth ETF 19.3 8 48 6.2 +0.1
VOO VANGUARD S&P 500 ETF 19.2 3 53 5.0 -1.1
DSI iShares MSCI KLD 400 Social ETF 19.0 25 31 4.7 -1.4
USDY Pacific Global US Equity Income ETF 18.9 29 27 7.7 +1.5
SCHV Schwab U.S. Large-Cap Value ETF 18.9 4 52 6.2 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 18.8 8 48 5.9 -0.2
IUS Invesco Strategic US ETF 18.7 19 37 5.7 -0.4
ESGV Vanguard ESG U.S. Stock ETF 18.6 12 44 4.7 -1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 18.6 28 28 6.0 -0.1
VYM Vanguard High Dividend Yield Index ETF 18.5 6 50 6.9 +0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.5 2 54 4.8 -1.3
FVAL Fidelity Value Factor ETF 18.5 29 27 7.1 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 18.4 7 49 4.8 -1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.4 60 -4 3.8 -2.4
VOOV Vanguard S&P 500 Value ETF 18.4 10 46 6.7 +0.6
VV Vanguard Large-Cap Index Fund 18.3 4 52 4.8 -1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 18.3 10 46 4.9 -1.2
SUSL iShares ESG MSCI USA Leaders ETF 18.3 10 46 4.9 -1.2
EFIV SPDR S&P 500 ESG ETF 18.3 10 46 4.7 -1.4
SNPE Xtrackers S&P 500 ESG ETF 18.2 10 46 4.7 -1.4
SPQQ Siren Large Cap Blend Index ETF 18.2 20 36 4.4 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 18.1 29 27 4.7 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 18.1 3 53 5.1 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 18.1 15 41 5.4 -0.7
PBUS Invesco PureBeta MSCI USA ETF 18.1 4 52 4.8 -1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 18.0 27 29 4.6 -1.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 18.0 28 28 6.1 -0.0
SPLV Invesco S&P 500 Low Volatility ETF 18.0 25 31 5.5 -0.7
SCHX Schwab U.S. Large-Cap ETF 18.0 3 53 4.8 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 17.9 15 41 4.6 -1.5
FLLV Franklin Liberty U.S. Low Volatility ETF 17.9 29 27 5.2 -1.0
IXJ iShares Global Healthcare ETF 17.8 46 10 6.3 +0.2
IWB iShares Russell 1000 ETF 17.7 15 41 4.7 -1.5
SUSA iShares MSCI USA ESG Select ETF 17.6 25 31 4.4 -1.7
SCHK Schwab 1000 Index ETF 17.6 5 51 4.8 -1.4
DIVB iShares U.S. Dividend & Buyback ETF 17.6 25 31 6.1 +0.0
JQUA JPMorgan U.S. Quality Factor ETF 17.5 12 44 5.1 -1.1
IYY iShares Dow Jones U.S. ETF 17.5 20 36 4.6 -1.5
XNTK SPDR NYSE Technology ETF 17.5 35 21 3.2 -3.0
FDRR Fidelity Dividend ETF for Rising Rates 17.4 29 27 6.3 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 17.4 32 24 4.7 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 17.3 4 52 6.7 +0.6
IVE iShares S&P 500 Value ETF 17.3 18 38 6.6 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 17.3 20 36 4.6 -1.6
VTHR Vanguard Russell 3000 Index Fund 17.2 10 46 4.6 -1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 17.2 75 -19 3.7 -2.4
IQSU IQ Candriam ESG US Equity ETF 17.1 9 47 4.7 -1.4
DTD WisdomTree U.S.Total Dividend Fund 16.9 28 28 6.2 +0.1
KRMA Global X Conscious Companies ETF 16.9 43 13 4.8 -1.4
IWV iShares Russell 3000 ETF 16.8 20 36 4.5 -1.6
SPMV Invesco S&P 500 Minimum Variance ETF 16.8 10 46 5.5 -0.6
VOOG Vanguard S&P 500 Growth ETF 16.8 10 46 4.1 -2.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.8 49 7 3.9 -2.3
SCHB Schwab U.S. Broad Market ETF 16.7 3 53 4.7 -1.5
PRF Invesco FTSE RAFI US 1000 ETF 16.7 39 17 6.1 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 16.7 3 53 4.6 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 16.5 9 47 5.2 -0.9
TOK iShares MSCI Kokusai ETF 16.5 25 31 5.1 -1.1
NULC Nuveen ESG Large-Cap ETF 16.5 20 36 4.6 -1.5
QUAL iShares MSCI Usa Quality Factor ETF 16.5 15 41 5.0 -1.1
ANEW ProShares MSCI Transformational Changes ETF 16.5 45 11 3.1 -3.1
VONE Vanguard Russell 1000 ETF 16.4 8 48 4.7 -1.4
VONV Vanguard Russell 1000 Value Index Fund 16.3 8 48 6.4 +0.3
IVW iShares S&P 500 Growth ETF 16.3 18 38 4.0 -2.1
SPYG SPDR Portfolio S&P 500 Growth ETF 16.3 4 52 4.1 -2.0
VTI Vanguard Total Stock Market Index Fund 16.3 3 53 4.6 -1.5
PFM Invesco Dividend Achievers ETF 16.3 53 3 5.0 -1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 16.3 25 31 6.0 -0.2
IUSV iShares Core S&P U.S. Value ETF 16.3 4 52 6.8 +0.7
RAFE PIMCO RAFI ESG U.S. ETF 16.3 29 27 7.0 +0.9
AIQ Global X Future Analytics Tech ETF 16.1 68 -12 3.7 -2.4
JKD iShares Morningstar Large-Cap ETF 16.1 20 36 5.3 -0.8
NACP Impact Shares NAACP Minority Empowerment ETF 16.1 75 -19 4.5 -1.6
OUSA O'Shares FTSE US Quality Dividend ETF 16.1 48 8 5.5 -0.6
IWD iShares Russell 1000 Value ETF 16.1 19 37 6.2 +0.1

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 19.8 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.48
 
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.