ETFMG Drone Economy Strategy ETF
ALTAR
Score™
2.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
47.3x P/Sales
ratio
3.8x
P/BV
ratio
4.8x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ETFMG Drone Economy Strategy ETF tracks an equity index of global companies related to the drone industry, including manufacturers and suppliers. The index is weighted by multiple factors, including estimated revenue from the drone industry.

FUND BASICS
Category Global Equities
Fund Sponsor ETF Managers Group
Website www.etfmgfunds.com
Inception date Mar 09, 2016
Assets (mns) $46
Currency USD
Expense ratio 68 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 65
Wgt avg mkt cap (mns) $6,273
Large cap (>$10bn) 34.0%
Mid cap ($2-10bn) 55.4%
Small cap (<$2bn) 7.2%
Developed mkts 90.7%
Emerging mkts 9.3%

TOP TEN HOLDINGS
GDS HOLDINGS LTD. SPONSORED ADR CL 5.0 %
ELASTIC NV 4.5 %
NICE SYSTEMS LTD 4.4 %
ITOCHU TECHNO-SOLUTIONS CORP 4.1 %
CLOUDFLARE INC CLASS A 4.1 %
DATADOG INC CLASS A 3.9 %
OPEN TEXT CORP 3.9 %
COUPA SOFTWARE, INC. 3.7 %
KINGSOFT CLOUD HOLDINGS LTD SPONSO 3.6 %
MONGODB, INC. CLASS A 3.4 %
Total 40.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 52.9 %
CHINA 11.7 %
JAPAN 8.7 %
ISRAEL 4.4 %
CANADA 3.9 %
AUSTRALIA 3.8 %
SINGAPORE 2.1 %
GERMANY 1.6 %
HONG KONG 1.3 %
BRITAIN 0.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.5% 18.2% -- -- 11.4%

Market Correlations
versus... Beta R-squared
S&P500 1.21 70%
MSCI EAFE 1.36 73%
MSCI Emg. Mkts. 0.92 53%

Technical Indicators
Recent close $41.79
30d moving avg. $43.25
Annualized volatility 25.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.6%
Bid/Ask (% of price) 0.75%
ADV underlying (mns) $4,341

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the ETFMG Drone Economy Strategy ETF ETF based on the alternatives' overlap in portfolio holdings with IFLY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IFLY Expense: 68 bp ALTAR Score™: 2.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IFLY
Ticker Fund
Name
Overlap1
vs IFLY
(%)
Expense
ratio
(bp)
Savings
vs IFLY
(bp)
ALTAR
Score™
(%)
ALTAR
vs IFLY
(%)
SKYY First Trust Cloud Computing ETF 23.5 60 8 2.5 -0.3
VPN Global X Data Center REITs & Digital Infrastructure ETF 16.5 50 18 4.9 +2.1
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 15.8 60 8 3.4 +0.5
XSW SPDR S&P Software & Services ETF 13.4 35 33 4.6 +1.7
IWFH iShares Virtual Work and Life Multisector ETF 13.3 47 21 0.9 -1.9
FXL First Trust Technology AlphaDEX Fund 12.2 61 7 3.3 +0.5
CLOU Global X Cloud Computing ETF 12.1 68 0 0.6 -2.3
XITK SPDR FactSet Innovative Technology ETF 12.0 45 23 0.3 -2.6
IPO Renaissance IPO ETF 11.6 60 8 0.6 -2.2
THNQ ROBO Global Artificial Intelligence ETF 10.0 68 0 1.7 -1.2
WCLD WisdomTree Cloud Computing Fund 9.8 45 23 9.1 +6.3
LRNZ TrueMark Technology, AI & Deep Learning ETF 9.8 68 0 0.3 -2.6
JKK iShares Morningstar Small-Cap Growth ETF 8.5 30 38 1.0 -1.8
WFH Direxion Work From Home ETF 7.4 45 23 5.5 +2.7
OGIG O'Shares Global Internet Giants ETF 7.3 48 20 0.5 -2.3
HACK ETFMG Prime Cyber Security ETF 7.0 60 8 3.3 +0.5
SLT Pacer Salt High TruBeta US Market ETF 6.7 60 8 3.3 +0.5
BTEK BlackRock Future Tech ETF 6.4 88 -20 0.7 -2.2
VBK Vanguard Small-Cap Growth Index Fund 6.2 7 61 2.3 -0.6
IRBO iShares Robotics & Artificial Intelligence ETF 6.2 47 21 2.5 -0.3
IGV iShares Expanded Tech-Software ETF 6.1 46 22 2.3 -0.6
FDN First Trust Dow Jones Internet Index Fund 5.9 52 16 2.1 -0.8
GURU Global X Guru Index ETF 5.7 75 -7 4.0 +1.1
SFYX Sofi Next 500 ETF 5.5 0 68 5.9 +3.0
WUGI Esoterica NextG Economy ETF 5.5 75 -7 1.5 -1.4
BOSS Global X Founder-Run Companies ETF 5.4 45 23 3.3 +0.4
XWEB SPDR S&P Internet ETF 5.3 35 33 -0.1 -2.9
BOUT Innovator IBD Breakout Opportunities ETF 5.1 84 -16 5.0 +2.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 5.0 7 61 5.2 +2.4
ALFA AlphaClone Alternative Alpha ETF 5.0 65 3 -0.5 -3.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.9 70 -2 2.1 -0.7
GDAT Goldman Sachs Motif Data-Driven World Etf 4.8 50 18 4.9 +2.0
PGJ Invesco Golden Dragon China ETF 4.8 70 -2 3.3 +0.5
IJK iShares S&P Mid-Cap 400 Growth ETF 4.7 24 44 5.0 +2.1
CHIK Global X MSCI China Information Technology ETF 4.5 66 2 8.0 +5.2
PLAT WisdomTree Modern Tech Platforms Fund 4.5 20 48 1.6 -1.3
IWP iShares Russell Mid-Cap Growth ETF 4.4 24 44 2.9 +0.1
EIS iShares MSCI Israel ETF 4.4 59 9 8.3 +5.5
ISRA VanEck Vectors Israel ETF 4.4 62 6 6.2 +3.3
ITEQ BlueStar Israel Technology ETF 4.4 75 -7 1.3 -1.5
CQQQ Invesco China Technology ETF 4.3 70 -2 5.9 +3.1
NXTG First Trust Indxx NextG ETF 4.3 70 -2 6.1 +3.3
GRI ALPS REIT Dividend Dogs ETF 4.2 35 33 22.9 +20.1
CIBR First Trust NASDAQ CEA Cybersecurity ETF 4.1 60 8 3.5 +0.6
PXQ Invesco Dynamic Networking ETF 3.9 63 5 3.3 +0.5
JHMT John Hancock Multifactor Technology ETF 3.9 40 28 4.9 +2.1
BKSE BNY Mellon US Small Cap Core Equity ETF 3.7 4 64 5.7 +2.9
BUYZ Franklin Disruptive Commerce ETF 3.6 50 18 -0.2 -3.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 3.5 66 2 2.3 -0.5
SCHM Schwab U.S. Mid-Cap ETF 3.4 4 64 6.0 +3.2
AIEQ AI Powered Equity ETF 3.3 87 -19 2.8 -0.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 3.3 49 19 1.2 -1.6
FPX First Trust US IPO Index Fund 3.3 58 10 1.5 -1.4
ARKW ARK Web x.0 ETF 3.1 76 -8 -0.8 -3.7
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 3.1 60 8 8.5 +5.6
NUSC Nuveen ESG Small-Cap ETF 3.0 40 28 4.8 +2.0
FTC First Trust Large Cap Growth AlphaDEX Fund 3.0 61 7 2.8 -0.1
VB Vanguard Small-Cap ETF 3.0 5 63 5.3 +2.5
ECNS iShares MSCI China Small-Cap ETF 2.9 59 9 11.4 +8.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 2.9 17 51 4.9 +2.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.9 65 3 3.0 +0.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 2.9 6 62 5.2 +2.3
LCG Sterling Capital Focus Equity ETF 2.8 59 9 2.6 -0.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 2.8 60 8 4.5 +1.6
SCHA Schwab U.S. Small-Cap ETF 2.8 4 64 4.8 +2.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.8 30 38 5.6 +2.8
QTUM Defiance Quantum ETF 2.7 40 28 5.8 +2.9
XMLV Invesco S&P MidCap Low Volatility ETF 2.7 25 43 5.6 +2.8
VXF Vanguard Extended Market Index Fund 2.7 6 62 3.6 +0.7
ENTR Entrepreneur 30 Fund 2.7 49 19 1.2 -1.7
XMMO Invesco S&P MidCap Momentum ETF 2.6 34 34 3.9 +1.0
FIVG Defiance Next Gen Connectivity ETF 2.6 30 38 4.9 +2.0
JMOM JPMorgan U.S. Momentum Factor ETF 2.5 12 56 3.4 +0.6
PSR Invesco Active U.S. Real Estate Fund 2.5 35 33 6.4 +3.5
JKH iShares Morningstar Mid-Cap Growth ETF 2.5 30 38 2.0 -0.8
MFMS Motley Fool Small-Cap Growth ETF 2.5 85 -17 -1.5 -4.3
AIQ Global X Future Analytics Tech ETF 2.3 68 0 4.1 +1.3
DEEP Roundhill Acquirers Deep Value ETF 2.3 80 -12 11.9 +9.0
RNDV US Equity Dividend Select ETF 2.3 50 18 8.1 +5.2
PPTY PPTY-U.S. Diversified Real Estate ETF 2.2 49 19 7.6 +4.7
FRI First Trust S&P REIT Index Fund 2.2 50 18 7.2 +4.3
NUMG Nuveen ESG Mid-Cap Growth ETF 2.2 40 28 2.1 -0.7
TECB iShares US Tech Breakthrough Multisector ETF 2.2 40 28 4.1 +1.2
FNX First Trust Mid Cap Core AlphaDEX Fund 2.2 61 7 6.5 +3.7
SMMD iShares Russell 2500 ETF 2.2 15 53 5.8 +2.9
PNQI Invesco NASDAQ Internet ETF 2.1 60 8 1.0 -1.9
USRT iShares Core U.S. REIT ETF 2.1 8 60 7.6 +4.8
IWO iShares Russell 2000 Growth ETF 2.1 24 44 -0.1 -3.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 2.1 11 57 7.6 +4.7
VFMO Vanguard U.S. Momentum Factor ETF 2.0 13 55 0.7 -2.1
RDVY First Trust Rising Dividend Achievers ETF 2.0 50 18 8.1 +5.2
KNOW Direxion All Cap Insider Sentiment Shares 2.0 66 2 4.9 +2.1
FYC First Trust Small Cap Growth AlphaDEX Fund 2.0 70 -2 1.9 -0.9
RYJ Invesco Raymond James SB-1 Equity ETF 1.9 76 -8 3.4 +0.6
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 23 3.8 +0.9
IWR iShares Russell Midcap ETF 1.8 19 49 5.5 +2.7
SPDV AAM S&P 500 High Dividend Value ETF 1.8 29 39 10.2 +7.4
GIGE SoFi Gig Economy ETF 1.8 59 9 -0.8 -3.7
VTWG Vanguard Russell 2000 Growth Index Fund 1.8 15 53 0.1 -2.8

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:
ETFMG Drone Economy Strategy 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 15.7 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.