BlueStar Israel Technology ETF
ALTAR
Score™
1.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
49.3x P/Sales
ratio
3.9x
P/BV
ratio
4.1x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The BlueStar TA-BIGITech Israel Technology ETF tracks an index composed of Israeli technology companies listed globally.

FUND BASICS
Category Global Equities
Fund Sponsor ETF Managers Group
Website www.iteqetf.com
Inception date Nov 02, 2015
Assets (mns) $104
Currency USD
Expense ratio 75 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 63
Wgt avg mkt cap (mns) $5,264
Large cap (>$10bn) 24.7%
Mid cap ($2-10bn) 45.3%
Small cap (<$2bn) 30.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WIX.COM LTD 8.2 %
NICE SYSTEMS LTD 6.9 %
CHECK POINT SOFTWARE TECH 6.9 %
AMDOCS LTD 6.7 %
SOLAREDGE TECHNOLOGIES, INC. 6.5 %
NOVOCURE LIMITED 5.0 %
CYBERARK SOFTWARE LTD. 3.9 %
VERINT SYSTEMS INC 2.9 %
ELBIT SYSTEMS LTD 2.9 %
VARONIS SYSTEMS INC 2.8 %
Total 52.8 %

TOP COUNTRY EXPOSURE
ISRAEL 52.5 %
UNITED STATES 30.8 %
BRITAIN 5.2 %
GIBRALTAR 0.8 %







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.
9.1% 21.1% -- -- 14.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 76%
MSCI EAFE 0.98 59%
MSCI Emg. Mkts. 0.67 43%

Technical Indicators
Recent close $48.29
30d moving avg. $47.20
Annualized volatility 20.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.9%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $1,325

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the BlueStar Israel Technology ETF ETF based on the alternatives' overlap in portfolio holdings with ITEQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ITEQ Expense: 75 bp ALTAR Score™: 1.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ITEQ
Ticker Fund
Name
Overlap1
vs ITEQ
(%)
Expense
ratio
(bp)
Savings
vs ITEQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs ITEQ
(%)
ISRA VanEck Vectors Israel ETF 55.0 62 13 6.8 +5.0
EIS iShares MSCI Israel ETF 36.8 59 16 8.7 +6.9
IZRL ARK Israel Innovative Technology ETF 29.9 49 26 0.4 -1.4
BUG Global X Cybersecurity ETF 13.3 50 25 1.2 -0.6
HACK ETFMG Prime Cyber Security ETF 9.6 60 15 3.0 +1.2
IHAK iShares Cybersecurity & Tech ETF 9.2 47 28 3.7 +1.9
ICLN iShares Global Clean Energy ETF 8.9 46 29 3.2 +1.4
FITE SPDR Kensho Future Security ETF 8.6 45 30 4.0 +2.2
CIBR First Trust NASDAQ CEA Cybersecurity ETF 7.7 60 15 3.2 +1.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.5 60 15 0.4 -1.4
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 6.7 125 -50 -3.4 -5.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 6.5 70 5 4.3 +2.4
TAN Invesco Solar ETF 6.5 71 4 1.8 -0.0
PZD Invesco Cleantech ETF 5.8 68 7 4.8 +2.9
XITK SPDR FactSet Innovative Technology ETF 5.6 45 30 0.3 -1.5
XKCP SPDR Kensho Clean Power ETF 5.3 45 30 0.3 -1.5
AIIQ AI Powered International Equity ETF 5.2 79 -4 4.6 +2.8
PBW Invesco WilderHill Clean Energy ETF 4.2 70 5 -4.2 -6.0
CWS AdvisorShares Focused Equity ETF 4.1 85 -10 5.4 +3.6
IFLY ETFMG Drone Economy Strategy ETF 4.0 68 7 2.0 +0.2
PSCT Invesco S&P SmallCap Information Technology ETF 4.0 29 46 5.6 +3.8
DTEC ALPS Disruptive Technologies ETF 3.9 50 25 3.6 +1.8
BUYZ Franklin Disruptive Commerce ETF 3.7 50 25 -0.2 -2.0
THNQ ROBO Global Artificial Intelligence ETF 3.5 68 7 1.9 +0.1
PXQ Invesco Dynamic Networking ETF 3.4 63 12 4.1 +2.3
FIVG Defiance Next Gen Connectivity ETF 3.3 30 45 4.9 +3.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 3.2 35 40 4.0 +2.2
LRNZ TrueMark Technology, AI & Deep Learning ETF 2.8 68 7 0.8 -1.0
OBOR KraneShares MSCI One Belt One Road Index ETF 2.7 79 -4 9.5 +7.7
XMMO Invesco S&P MidCap Momentum ETF 2.6 39 36 4.7 +2.9
ACES ALPS Clean Energy ETF 2.5 65 10 1.0 -0.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 2.5 75 0 2.1 +0.3
XSW SPDR S&P Software & Services ETF 2.4 35 40 4.0 +2.2
GEX VanEck Vectors Global Alternative Energy ETF 2.4 62 13 4.6 +2.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.4 57 18 5.0 +3.1
GDAT Goldman Sachs Motif Data-Driven World Etf 2.4 50 25 5.0 +3.2
FTHI First Trust High Income ETF 2.4 85 -10 5.0 +3.2
FTLB First Trust Hedged BuyWrite Income ETF 2.4 85 -10 5.0 +3.2
ARKK ARK Innovation ETF 2.3 75 0 -2.9 -4.7
WOMN Impact Shares YWCA Women's Empowerment ETF 2.2 75 0 4.6 +2.8
KOMP SPDR Kensho New Economies Composite ETF 2.2 20 55 2.6 +0.7
ARKQ Ark Industrial Innovation ETF 2.2 75 0 0.7 -1.1
PBD Invesco Global Clean Energy ETF 2.1 75 0 1.8 -0.1
GIGE SoFi Gig Economy ETF 2.1 59 16 -0.5 -2.3
JKK iShares Morningstar Small-Cap Growth ETF 2.1 30 45 1.1 -0.7
QTUM Defiance Quantum ETF 2.1 40 35 5.8 +4.0
XKST SPDR Kensho Smart Mobility ETF 2.1 45 30 5.3 +3.5
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 2.1 50 25 4.1 +2.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.9 49 26 2.2 +0.4
PUI Invesco DWA Utilities Momentum ETF 1.8 60 15 4.7 +2.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.8 65 10 3.8 +2.0
ARKG ARK Genomic Revolution Multi-Sector ETF 1.8 75 0 0.0 -1.8
IRBO iShares Robotics & Artificial Intelligence ETF 1.8 47 28 2.7 +0.9
MVIN Natixis Seeyond International Minimum Volatility ETF 1.8 56 19 5.4 +3.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.7 70 5 2.4 +0.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.7 12 63 7.9 +6.1
PLCY EventShares U.S. Legislative Opportunities ETF 1.7 75 0 3.7 +1.9
BLOK Amplify Transformational Data Sharing ETF 1.7 70 5 4.8 +3.0
PPA Invesco Aerospace & Defense ETF 1.6 59 16 6.1 +4.2
GBUY Goldman Sachs Motif New Age Consumer ETF 1.6 50 25 1.9 +0.1
IWO iShares Russell 2000 Growth ETF 1.6 24 51 0.8 -1.1
SDGA Impact Shares Sustainable Development Goals Global ETF 1.6 75 0 5.4 +3.6
VTWG Vanguard Russell 2000 Growth Index Fund 1.6 15 60 0.8 -1.1
PIZ Invesco DWA Developed Markets Momentum ETF 1.5 81 -6 4.3 +2.4
LEAD Reality Shares DIVCON Leaders Dividend ETF 1.5 43 32 4.4 +2.6
EBIZ Global X E-Commerce ETF 1.4 50 25 2.7 +0.9
PSI Invesco Dynamic Semiconductors ETF 1.4 58 17 4.9 +3.0
XSD SPDR S&P Semiconductor ETF 1.4 35 40 4.1 +2.3
NXTG First Trust Indxx NextG ETF 1.4 70 5 6.2 +4.4
PBE Invesco Dynamic Biotechnology & Genome ETF 1.4 57 18 -1.8 -3.6
CNCR Loncar Cancer Immunotherapy ETF 1.4 79 -4 -2.9 -4.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 1.4 68 7 4.2 +2.3
BTEC Principal Healthcare Innovators Index ETF 1.3 42 33 -2.4 -4.2
HTEC ROBO Global Healthcare Technology & Innovation ETF 1.3 68 7 0.2 -1.7
LGLV SPDR Russell 1000 Low Volatility ETF 1.3 12 63 5.7 +3.9
FDLO Fidelity Low Volatility Factor ETF 1.2 29 46 5.2 +3.3
NACP Impact Shares NAACP Minority Empowerment ETF 1.2 75 0 4.6 +2.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.2 70 5 2.1 +0.3
QLV FlexShares US Quality Low Volatility Index Fund 1.2 22 53 4.9 +3.1
FDNI First Trust Dow Jones International Internet ETF 1.2 65 10 2.2 +0.4
PBS Invesco Dynamic Media ETF 1.2 63 12 5.3 +3.4
XBUY Amplify International Online Retail ETF 1.2 69 6 -1.0 -2.9
IBUY Amplify Online Retail ETF 1.2 65 10 -1.5 -3.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 1.2 29 46 1.8 -0.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.1 20 55 6.0 +4.2
DFND Reality Shares DIVCON Dividend Defender ETF 1.1 144 -69 3.4 +1.6
IWM iShares Russell 2000 ETF 1.1 19 56 3.7 +1.8
SSLY Syntax Stratified SmallCap ETF 1.1 30 45 6.3 +4.4
PWC Invesco Dynamic Market ETF 1.0 59 16 4.9 +3.1
VTWO Vanguard Russell 2000 Index Fund 1.0 10 65 3.7 +1.9
GDNA Goldman Sachs Motif Human Evolution ETF 1.0 50 25 0.3 -1.5
ISMD Inspire Small/Mid Cap Impact ETF 1.0 60 15 6.6 +4.8
FVL First Trust Value Line 100 Exchange-Traded Fund 1.0 70 5 5.2 +3.4
BKSE BNY Mellon US Small Cap Core Equity ETF 1.0 4 71 5.7 +3.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 40 4.4 +2.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 59 16 4.2 +2.4
AIQ Global X Future Analytics Tech ETF 1.0 68 7 3.9 +2.1
OGIG O'Shares Global Internet Giants ETF 1.0 48 27 0.7 -1.1
PRNT The 3D Printing ETF 1.0 66 9 1.2 -0.7
PEXL Pacer US Export Leaders ETF 1.0 60 15 6.1 +4.3

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:
BlueStar Israel Technology 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 10.0 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 1.8 %
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.