IQ Candriam ESG US Equity ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 25.6x P/Sales
ratio		 3.0x
P/BV
ratio		 4.5x Div.
yield		 1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQSU tracks a proprietary index of US stocks selected by ESG criteria and weighted by market cap.

FUND BASICS
Category US Equities
Fund Sponsor New York Life
Website www.nylinvestments.com
Inception date Dec 16, 2019
Assets (mns) $58
Currency USD
Expense ratio 9 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 300
Wgt avg mkt cap (mns) $490,425
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.3%

TOP TEN HOLDINGS
APPLE INC 8.6 %
MICROSOFT CORP 7.9 %
AMAZON.COM INC 6.6 %
ALPHABET INC. CLASS A 2.3 %
ALPHABET INC. CLASS C 2.3 %
JOHNSON & JOHNSON 2.0 %
VISA INC-CLASS A SHARES 1.7 %
PROCTER & GAMBLE CO/THE 1.5 %
HOME DEPOT INC 1.4 %
MASTERCARD INC-CLASS A 1.3 %
Total 35.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
IRELAND 1.9 %
BRITAIN 1.0 %
SWITZERLAND 0.4 %
ARGENTINA 0.2 %
BERMUDA 0.1 %





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.
2.1% -- -- -- 2.1%

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

Technical Indicators
Recent close $27.20
30d moving avg. $26.25
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.7%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $208,578

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the IQ Candriam ESG US Equity ETF ETF based on the alternatives' overlap in portfolio holdings with IQSU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IQSU Expense: 9 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQSU
Ticker Fund
Name		 Overlap1
vs IQSU
(%)		 Expense
ratio
(bp)		 Savings
vs IQSU
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IQSU
(%)
SNPE Xtrackers S&P 500 ESG ETF 79.5 11 -2 5.0 +0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 76.0 0 9 5.1 +0.2
IWL iShares Russell Top 200 ETF 75.8 15 -6 5.0 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 75.5 27 -18 4.9 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 75.3 20 -11 4.9 -0.1
MGC Vanguard Mega Cap Index Fund 74.9 7 2 5.2 +0.2
PBP Invesco S&P 500 BuyWrite ETF 74.3 49 -40 5.0 0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 73.9 20 -11 5.3 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 73.9 27 -18 5.2 +0.2
HSPX Global X S&P 500 Covered Call ETF 73.2 65 -56 4.8 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 72.8 7 2 5.1 +0.1
SPY SPDR S&P 500 ETF Trust 72.5 9 -0 5.3 +0.3
IVV iShares Core S&P 500 ETF 72.4 4 5 5.3 +0.3
SPLG SPDR Portfolio Large Cap ETF 72.4 3 6 5.3 +0.4
VOO VANGUARD S&P 500 ETF 72.4 3 6 5.4 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 72.0 27 -18 4.9 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 71.6 15 -6 5.0 +0.0
VV Vanguard Large-Cap Index Fund 70.8 4 5 5.2 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 70.7 2 7 5.2 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 70.4 12 -3 4.8 -0.2
VOOG Vanguard S&P 500 Growth ETF 70.3 10 -1 4.2 -0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 70.3 4 5 4.3 -0.7
IVW iShares S&P 500 Growth ETF 70.3 18 -9 4.1 -0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 70.0 60 -51 4.3 -0.7
PBUS Invesco PureBeta MSCI USA ETF 69.8 4 5 5.2 +0.2
ESGV Vanguard ESG U.S. Stock ETF 69.2 12 -3 5.1 +0.1
IUSG iShares Core S&P US Growth ETF 69.1 4 5 4.3 -0.7
VONG Vanguard Russell 1000 Growth Index Fund 69.1 8 1 4.2 -0.8
OEF iShares S&P 100 ETF 68.8 20 -11 4.7 -0.3
SCHX Schwab U.S. Large-Cap ETF 68.4 3 6 5.2 +0.2
CATH Global X S&P 500 Catholic Values Custom ETF 67.8 29 -20 5.1 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 66.9 3 6 5.5 +0.5
VONE Vanguard Russell 1000 ETF 66.3 8 1 5.2 +0.2
SCHK Schwab 1000 Index ETF 66.2 5 4 5.2 +0.2
IWB iShares Russell 1000 ETF 65.7 15 -6 5.1 +0.1
IYY iShares Dow Jones U.S. ETF 65.6 20 -11 5.1 +0.1
VUG Vanguard Growth Index Fund 64.7 4 5 4.0 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 64.6 32 -23 5.0 -0.0
IWF iShares Russell 1000 Growth ETF 64.3 19 -10 4.1 -0.9
DSI iShares MSCI KLD 400 Social ETF 63.3 25 -16 5.1 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 62.9 75 -66 4.5 -0.5
SCHB Schwab U.S. Broad Market ETF 62.8 3 6 5.2 +0.2
VTHR Vanguard Russell 3000 Index Fund 62.6 10 -1 5.1 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 62.5 3 6 5.1 +0.1
SFY SoFi Select 500 ETF 62.5 0 9 5.2 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 62.2 10 -1 5.2 +0.2
IWV iShares Russell 3000 ETF 62.2 20 -11 5.0 +0.0
VTI Vanguard Total Stock Market Index Fund 62.1 3 6 5.1 +0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 62.1 10 -1 5.2 +0.2
SPXT ProShares S&P 500 Ex-Technology ETF 62.0 27 -18 5.6 +0.6
SCHG Schwab U.S. Large-Cap Growth ETF 62.0 4 5 4.0 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 61.5 9 0 5.5 +0.5
IWY iShares Russell Top 200 Growth ETF 61.2 20 -11 4.0 -1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 59.8 75 -66 4.4 -0.6
XLG Invesco S&P 500 Top 50 ETF 59.7 20 -11 4.4 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 59.4 8 1 6.4 +1.4
JHML John Hancock Multifactor Large Cap ETF 58.8 29 -20 5.5 +0.5
MGK Vanguard Mega Cap Growth ETF 58.7 7 2 4.1 -0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 58.7 49 -40 4.0 -1.0
RECS Columbia Research Enhanced Core ETF 56.5 15 -6 5.6 +0.6
TMFC Motley Fool 100 Index ETF 56.4 50 -41 3.6 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 55.8 15 -6 5.8 +0.8
DIVB iShares U.S. Dividend & Buyback ETF 53.3 25 -16 6.5 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 52.9 28 -19 6.3 +1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 52.6 25 -16 6.5 +1.5
AVUS Avantis U.S. Equity ETF 52.3 15 -6 5.7 +0.7
EXT WisdomTree U.S. Total Earnings Fund 51.9 28 -19 5.2 +0.2
VEGN US Vegan Climate ETF 51.5 60 -51 5.1 +0.1
IUS Invesco Strategic US ETF 51.4 19 -10 6.6 +1.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 51.2 21 -12 2.9 -2.1
DTD WisdomTree U.S.Total Dividend Fund 51.0 28 -19 6.6 +1.6
IETC iShares Evolved U.S. Technology ETF 50.9 18 -9 3.8 -1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 49.9 15 -6 6.1 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 49.9 25 -16 6.5 +1.5
TOK iShares MSCI Kokusai ETF 49.6 25 -16 5.5 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 49.5 9 0 5.6 +0.6
QQQ Invesco QQQ Trust 49.3 20 -11 3.7 -1.3
QYLD Global X NASDAQ 100 Covered Call ETF 49.3 60 -51 3.5 -1.5
NUSI Nationwide Risk-Managed Income ETF 49.3 68 -59 3.4 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 49.2 25 -16 6.6 +1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 48.9 30 -21 6.5 +1.5
PRF Invesco FTSE RAFI US 1000 ETF 48.6 39 -30 6.8 +1.8
IGM iShares Expanded Tech Sector ETF 48.4 46 -37 3.7 -1.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 48.0 42 -33 5.3 +0.4
KRMA Global X Conscious Companies ETF 47.7 43 -34 5.1 +0.1
AFLG First Trust Active Factor Large Cap ETF 47.3 55 -46 5.5 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.9 19 -10 5.6 +0.6
FQAL Fidelity Quality Factor ETF 46.6 29 -20 5.4 +0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 46.3 29 -20 6.2 +1.2
FDLO Fidelity Low Volatility Factor ETF 46.1 29 -20 5.1 +0.1
URTH iShares MSCI World ETF 46.1 24 -15 5.6 +0.6
SUSA iShares MSCI USA ESG Select ETF 45.9 25 -16 4.7 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 45.5 12 -3 5.2 +0.2
NULC Nuveen ESG Large-Cap ETF 45.3 20 -11 4.9 -0.1
FDMO Fidelity Momentum Factor ETF 45.3 29 -20 3.8 -1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 45.2 75 -66 3.7 -1.3
DGRO iShares Core Dividend Growth ETF 45.1 8 1 6.6 +1.6
HIPR Direxion High Growth ETF 44.6 40 -31 2.8 -2.2
QLC FlexShares US Quality Large Cap Index Fund 44.1 32 -23 5.3 +0.3
FVAL Fidelity Value Factor ETF 43.7 29 -20 7.9 +3.0

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:		 IQ Candriam ESG US Equity 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 21.1 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 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.