IQ Candriam ESG US Equity ETF
ALTAR
Score™
4.7% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
22.6x P/Sales
ratio
3.0x
P/BV
ratio
4.3x Div.
yield
1.5%


  • 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) $369
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 347
Wgt avg mkt cap (mns) $513,355
Large cap (>$10bn) 99.6%
Mid cap ($2-10bn) 0.4%
Small cap (<$2bn) 0.0%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
APPLE INC 8.5 %
MICROSOFT CORP 7.1 %
ALPHABET INC. CLASS A 2.5 %
ALPHABET INC. CLASS C 2.4 %
TESLA MOTORS INC 2.1 %
JOHNSON & JOHNSON 1.8 %
VISA INC-CLASS A SHARES 1.5 %
WALT DISNEY CO/THE 1.4 %
NVIDIA CORP 1.3 %
UNITEDHEALTH GROUP INC 1.3 %
Total 30.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
IRELAND 2.1 %
BRITAIN 1.1 %
SWITZERLAND 0.5 %
ARGENTINA 0.3 %
BERMUDA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.7% 40.3% -- -- 26.0%

Market Correlations
versus... Beta R-squared
S&P500 0.98 98%
MSCI EAFE 0.87 86%
MSCI Emg. Mkts. 0.77 70%

Technical Indicators
Recent close $32.84
30d moving avg. $33.27
Annualized volatility 24.7%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.6%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 36
Turnover 0.3%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $188,545

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.7%


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
(%)
ESGV Vanguard ESG U.S. Stock ETF 91.2 12 -3 4.7 -0.1
XVV iShares ESG Screened S&P 500 ETF 75.5 8 1 5.0 +0.2
SNPE Xtrackers S&P 500 ESG ETF 74.4 10 -1 4.9 +0.2
EFIV SPDR S&P 500 ESG ETF 74.4 10 -1 4.9 +0.2
MGC Vanguard Mega Cap Index Fund 73.9 7 2 4.8 +0.1
IWL iShares Russell Top 200 ETF 73.0 15 -6 4.7 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 72.9 27 -18 4.5 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 72.7 0 9 4.8 +0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 72.4 20 -11 4.9 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 72.4 7 2 4.7 0.0
SPXE ProShares S&P 500 Ex-Energy ETF 71.9 27 -18 4.8 +0.1
PBP Invesco S&P 500 BuyWrite ETF 71.9 49 -40 4.5 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 71.5 60 -51 4.4 -0.3
SPY SPDR S&P 500 ETF Trust 71.3 9 -0 4.9 +0.1
SPLG SPDR Portfolio Large Cap ETF 71.3 3 6 5.0 +0.2
IVV iShares Core S&P 500 ETF 71.2 3 6 4.9 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 70.5 20 -11 4.8 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 70.2 15 -6 4.7 -0.1
VOO VANGUARD S&P 500 ETF 70.0 3 6 4.9 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 70.0 2 7 4.8 +0.1
VV Vanguard Large-Cap Index Fund 69.9 4 5 4.8 +0.0
PBUS Invesco PureBeta MSCI USA ETF 69.6 4 5 4.8 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 69.3 27 -18 4.5 -0.3
SCHX Schwab U.S. Large-Cap ETF 67.2 3 6 4.8 +0.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 66.3 15 -6 5.0 +0.2
CATH Global X S&P 500 Catholic Values Custom ETF 65.8 29 -20 4.7 -0.1
VOOG Vanguard S&P 500 Growth ETF 65.7 10 -1 4.0 -0.8
ACVF American Conservative Values ETF 65.0 75 -66 4.4 -0.4
IWB iShares Russell 1000 ETF 64.9 15 -6 4.7 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 64.9 3 6 5.0 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 64.9 12 -3 4.2 -0.5
SCHK Schwab 1000 Index ETF 64.6 5 4 4.7 -0.1
IYY iShares Dow Jones U.S. ETF 64.5 20 -11 4.6 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.1 60 -51 3.7 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 64.1 4 5 4.0 -0.7
IVW iShares S&P 500 Growth ETF 64.0 18 -9 3.9 -0.9
OEF iShares S&P 100 ETF 63.5 20 -11 4.6 -0.2
DSI iShares MSCI KLD 400 Social ETF 62.7 25 -16 4.7 -0.0
VONE Vanguard Russell 1000 ETF 62.5 8 1 4.7 -0.0
IUSG iShares Core S&P US Growth ETF 62.5 4 5 4.0 -0.8
SFY SoFi Select 500 ETF 61.6 0 9 4.8 +0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 61.3 10 -1 5.0 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 61.3 10 -1 5.0 +0.3
VTHR Vanguard Russell 3000 Index Fund 60.9 10 -1 4.6 -0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 60.8 9 0 5.1 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 60.6 49 -40 3.8 -1.0
IWF iShares Russell 1000 Growth ETF 60.6 19 -10 3.7 -1.1
SCHB Schwab U.S. Broad Market ETF 60.6 3 6 4.6 -0.1
IWV iShares Russell 3000 ETF 60.5 20 -11 4.5 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 60.2 27 -18 5.1 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 60.2 3 6 4.6 -0.1
ESG FlexShares STOXX US ESG Impact Index Fund 60.2 32 -23 4.8 +0.0
VONG Vanguard Russell 1000 Growth Index Fund 60.1 8 1 3.8 -0.9
JHML John Hancock Multifactor Large Cap ETF 59.6 29 -20 5.0 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 59.6 15 -6 5.5 +0.7
VTI Vanguard Total Stock Market Index Fund 58.9 3 6 4.6 -0.2
VUG Vanguard Growth Index Fund 58.8 4 5 3.6 -1.1
DFAU Dimensional US Core Equity Market ETF 58.7 12 -3 4.9 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 58.0 8 1 6.2 +1.5
VEGN US Vegan Climate ETF 55.9 60 -51 4.0 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 55.3 49 -40 4.6 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 55.1 75 -66 4.5 -0.3
IWY iShares Russell Top 200 Growth ETF 54.9 20 -11 3.9 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 54.7 25 -16 6.0 +1.3
RECS Columbia Research Enhanced Core ETF 54.1 15 -6 5.5 +0.8
VOOV Vanguard S&P 500 Value ETF 54.0 10 -1 6.3 +1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 53.1 30 -21 5.5 +0.8
XLG Invesco S&P 500 Top 50 ETF 52.5 20 -11 4.4 -0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 52.1 28 -19 6.4 +1.7
SUSA iShares MSCI USA ESG Select ETF 51.8 25 -16 4.5 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 50.7 4 5 6.2 +1.4
HIPR Direxion High Growth ETF 50.3 40 -31 4.2 -0.6
RESP WisdomTree US ESG Fund of Benef Interest 50.2 28 -19 5.5 +0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 50.1 15 -6 0.0 -4.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 49.9 25 -16 5.7 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 49.8 9 0 5.2 +0.4
TOK iShares MSCI Kokusai ETF 49.8 25 -16 5.0 +0.3
MGK Vanguard Mega Cap Growth ETF 49.8 7 2 3.8 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 49.5 30 -21 5.2 +0.5
SPYV SPDR Portfolio S&P 500 Value ETF 49.5 4 5 6.3 +1.6
IUS Invesco Strategic US ETF 49.4 19 -10 5.3 +0.6
DTD WisdomTree U.S.Total Dividend Fund 49.4 28 -19 6.5 +1.7
IVE iShares S&P 500 Value ETF 49.4 18 -9 6.2 +1.5
USXF iShares ESG Advanced MSCI USA ETF 49.1 10 -1 4.7 -0.0
PRF Invesco FTSE RAFI US 1000 ETF 48.8 39 -30 5.8 +1.0
AVUS Avantis U.S. Equity ETF 48.8 15 -6 5.1 +0.3
SCHG Schwab U.S. Large-Cap Growth ETF 48.6 4 5 3.3 -1.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 48.2 21 -12 3.1 -1.6
IUSV iShares Core S&P U.S. Value ETF 47.7 4 5 6.4 +1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.1 19 -10 5.3 +0.6
VONV Vanguard Russell 1000 Value Index Fund 46.9 8 1 6.1 +1.4
FQAL Fidelity Quality Factor ETF 46.9 29 -20 5.1 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.8 25 -16 5.6 +0.9
TMFC Motley Fool 100 Index ETF 46.3 50 -41 3.0 -1.7
URTH iShares MSCI World ETF 46.1 24 -15 5.1 +0.4
IWD iShares Russell 1000 Value ETF 46.0 19 -10 6.0 +1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 45.9 25 -16 5.0 +0.3
IETC iShares Evolved U.S. Technology ETF 45.4 18 -9 3.6 -1.2

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2016 2017 2018 2019 2020 2021E 2022E
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

Content on this tab for subscribers only

VALUATION METRICS
  2020 2021E 2022E
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:

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 20.2 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.