QRAFT AI-Enhanced U.S. High Dividend ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.9x P/Sales
ratio
1.6x
P/BV
ratio
3.5x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
HDIV is an actively-managed portfolio of high-dividend paying US companies chosen with the aid of artificial intelligence.

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts
Website qraftaietf.com
Inception date Feb 26, 2020
Assets (mns) $3
Currency USD
Expense ratio 75 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 101
Wgt avg mkt cap (mns) $158,532
Large cap (>$10bn) 97.4%
Mid cap ($2-10bn) 2.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 6.4 %
WAL-MART STORES INC 5.9 %
HOME DEPOT INC 4.7 %
INTEL CORP 4.4 %
VERIZON COMMUNICATIONS INC 3.9 %
AT&T INC 3.8 %
CISCO SYSTEMS INC 3.4 %
MERCK & CO. INC. 3.4 %
EXXON MOBIL CORP 3.3 %
PEPSICO INC 3.2 %
Total 42.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
CANADA 1.2 %
BRITAIN 0.4 %
IRELAND 0.2 %
SWITZERLAND 0.2 %






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% -- -- -- -2.3%

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

Technical Indicators
Recent close $22.64
30d moving avg. $22.83
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.8%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $53,352

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the QRAFT AI-Enhanced U.S. High Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with HDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HDIV Expense: 75 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDIV
Ticker Fund
Name
Overlap1
vs HDIV
(%)
Expense
ratio
(bp)
Savings
vs HDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs HDIV
(%)
OUSA O'Shares FTSE US Quality Dividend ETF 51.6 48 27 5.7 -0.5
VYM Vanguard High Dividend Yield Index ETF 47.1 6 69 7.4 +1.2
JKF iShares Morningstar Large Cap Value ETF 45.5 25 50 7.6 +1.4
HDV iShares Core High Dividend ETF 43.4 8 67 6.8 +0.6
RAFE PIMCO RAFI ESG U.S. ETF 42.7 29 46 7.9 +1.7
MGV Vanguard Mega Cap Value ETF 40.3 7 68 7.3 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 38.2 28 47 6.4 +0.2
USDY Pacific Global US Equity Income ETF 37.7 29 46 7.3 +1.1
SCHV Schwab U.S. Large-Cap Value ETF 37.0 4 71 7.2 +1.0
FLQL Franklin LibertyQ U.S. Equity ETF 36.9 15 60 6.3 +0.1
VTV Vanguard Value Index Fund 36.4 4 71 7.5 +1.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.2 12 63 4.9 -1.4
DTD WisdomTree U.S.Total Dividend Fund 34.3 28 47 6.7 +0.5
DHS WisdomTree U.S. High Dividend Fund 34.2 38 37 8.7 +2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.2 19 56 5.7 -0.5
EDOW First Trust Dow 30 Equal Weight ETF 33.9 50 25 6.0 -0.2
QDF FlexShares Quality Dividend Index Fund 33.2 37 38 6.2 -0.0
IWX iShares Russell Top 200 Value ETF 33.0 20 55 7.2 +1.0
PFM Invesco Dividend Achievers ETF 32.8 54 21 5.5 -0.7
QDEF FlexShares Quality Dividend Defensive Index Fund 32.7 37 38 5.9 -0.3
SPYV SPDR Portfolio S&P 500 Value ETF 32.5 4 71 7.5 +1.3
DGRO iShares Core Dividend Growth ETF 32.5 8 67 6.7 +0.5
VOOV Vanguard S&P 500 Value ETF 32.5 15 60 7.4 +1.2
IVE iShares S&P 500 Value ETF 32.4 18 57 7.3 +1.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 32.3 28 47 6.5 +0.3
DJD Invesco Dow Jones Industrial Average Dividend ETF 31.5 7 68 6.9 +0.7
REVS Columbia Research Enhanced Value ETF 31.5 19 56 7.8 +1.6
PWV Invesco Dynamic Large Cap Value ETF 31.5 55 20 8.9 +2.7
JQUA JPMorgan U.S. Quality Factor ETF 31.1 12 63 5.3 -1.0
FDRR Fidelity Dividend ETF for Rising Rates 30.8 29 46 7.0 +0.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 30.7 29 46 7.2 +1.0
IUSV iShares Core S&P U.S. Value ETF 30.5 4 71 7.6 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 30.3 25 50 6.7 +0.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 30.2 38 37 8.0 +1.8
DEW WisdomTree Global High Dividend Fund 29.7 58 17 9.4 +3.2
NULV Nuveen ESG Large-Cap Value ETF 29.6 35 40 7.4 +1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 29.3 25 50 6.6 +0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.2 29 46 6.3 +0.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 28.9 37 38 6.3 +0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 28.0 25 50 6.2 -0.0
RWL Invesco S&P 500 Revenue ETF 27.9 39 36 7.3 +1.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 27.7 52 23 5.1 -1.1
SPHQ Invesco S&P 500 Quality ETF 27.7 15 60 4.7 -1.6
RNDV US Equity Dividend Select ETF 27.4 50 25 7.7 +1.5
JVAL JPMorgan U.S. Value Factor ETF 27.3 12 63 8.8 +2.6
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 27.2 35 40 6.9 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.1 25 50 6.6 +0.4
DSTL Distillate US Fundamental Stability & Value ETF 27.1 39 36 6.6 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 27.0 39 36 6.9 +0.7
IUS Invesco Strategic US ETF 26.7 19 56 6.7 +0.5
ROUS Hartford Multifactor US Equity ETF 26.5 19 56 7.3 +1.1
CCOR Core Alternative ETF 26.4 123 -48 4.4 -1.8
VIG Vanguard Dividend Appreciation Index Fund 26.3 6 69 5.5 -0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.3 75 0 3.8 -2.4
FMK First Trust Mega Cap AlphaDEX Fund 26.2 70 5 5.2 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.0 30 45 6.6 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 26.0 8 67 6.5 +0.3
STLV iShares Factors US Value Style ETF 26.0 25 50 7.9 +1.7
QUS SPDR MSCI USA StrategicFactors ETF 25.9 15 60 5.9 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 25.7 10 65 5.3 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 25.5 10 65 5.3 -0.9
FVAL Fidelity Value Factor ETF 25.4 29 46 8.1 +1.9
VONV Vanguard Russell 1000 Value Index Fund 25.3 8 67 7.4 +1.2
HLAL Wahed FTSE USA Shariah ETF 25.2 50 25 4.7 -1.5
SHE SPDR SSGA Gender Diversity Index ETF 25.2 20 55 5.5 -0.7
IWD iShares Russell 1000 Value ETF 25.2 19 56 7.2 +1.0
SCHD Schwab U.S. Dividend Equity ETF 25.1 6 69 8.3 +2.1
FHLC Fidelity MSCI Health Care Index ETF 25.0 8 67 5.5 -0.7
VHT Vanguard Health Care Index Fund 25.0 10 65 5.4 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 24.9 49 26 4.1 -2.1
VLUE iShares Edge MSCI USA Value Factor ETF 24.9 15 60 11.5 +5.3
XLV Health Care Select Sector SPDR Fund 24.8 13 62 7.1 +0.9
IXJ iShares Global Healthcare ETF 24.7 46 29 6.3 +0.1
IYH iShares U.S. Healthcare ETF 24.7 43 32 6.1 -0.1
AFLG First Trust Active Factor Large Cap ETF 24.4 55 20 5.6 -0.6
QLV FlexShares US Quality Low Volatility Index Fund 24.3 22 53 4.9 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 24.3 12 63 7.5 +1.3
OEF iShares S&P 100 ETF 24.2 20 55 4.8 -1.4
FTCS First Trust Capital Strength ETF 24.2 58 17 4.9 -1.3
RECS Columbia Research Enhanced Core ETF 24.1 15 60 5.7 -0.5
DIA SPDR Dow Jones Industrial Average ETF Trust 24.0 16 59 5.7 -0.5
FDVV Fidelity Core Dividend ETF 23.9 29 46 7.2 +1.0
SPLV Invesco S&P 500 Low Volatility ETF 23.9 25 50 5.7 -0.5
ESG FlexShares STOXX US ESG Impact Index Fund 23.8 32 43 5.1 -1.1
VALQ American Century STOXX U.S. Quality Value ETF 23.8 29 46 9.2 +3.0
JHMH John Hancock Multifactor Healthcare ETF 23.6 40 35 6.1 -0.2
NACP Impact Shares NAACP Minority Empowerment ETF 23.2 75 0 4.6 -1.6
QUAL iShares MSCI Usa Quality Factor ETF 23.2 15 60 5.4 -0.8
IEDI iShares Evolved U.S. Discretionary Spending ETF 23.2 18 57 3.7 -2.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.2 9 66 5.6 -0.6
SYV SPDR MFS Systematic Value Equity ETF 23.1 60 15 7.5 +1.3
XLG Invesco S&P 500 Top 50 ETF 23.1 20 55 4.5 -1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.1 15 60 6.3 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 23.0 27 48 5.7 -0.5
QLC FlexShares US Quality Large Cap Index Fund 23.0 32 43 5.4 -0.8
SPMV Invesco S&P 500 Minimum Variance ETF 22.8 10 65 5.9 -0.3
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 22.7 49 26 4.9 -1.3
SPXN ProShares S&P 500 Ex-Financials ETF 22.5 27 48 5.0 -1.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 22.5 15 60 6.9 +0.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 22.1 18 57 2.9 -3.3

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:
QRAFT AI-Enhanced U.S. High Dividend 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 22.7 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.