Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.5x P/Sales
ratio
1.4x
P/BV
ratio
2.7x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Cboe Vest S&P 500 Dividend Aristocrat Target Income ETF tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options.

FUND BASICS
Category US Equities
Fund Sponsor Cboe Vest Financial
Website www.cboevestetfs.com
Inception date Mar 26, 2018
Assets (mns) $54
Currency USD
Expense ratio 75 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 67
Wgt avg mkt cap (mns) $63,881
Large cap (>$10bn) 90.2%
Mid cap ($2-10bn) 9.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LOWE'S COS INC 1.9 %
CARRIER GLOBAL CORP. 1.9 %
CINTAS CORP 1.8 %
FRANKLIN RESOURCES INC 1.8 %
STANLEY BLACK & DECKER 1.8 %
ALBEMARLE CORP 1.7 %
AMCOR PLC 1.7 %
T ROWE PRICE GROUP INC 1.7 %
PENTAIR PLC 1.7 %
LEGGETT & PLATT INC 1.7 %
Total 17.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.7 %
BRITAIN 5.0 %
SWITZERLAND 1.7 %
IRELAND 1.3 %







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.
-10.3% -1.6% -- -- 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.93 94%
MSCI EAFE 0.95 85%
MSCI Emg. Mkts. 0.70 69%

Technical Indicators
Recent close $40.74
30d moving avg. $41.00
Annualized volatility 18.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.5%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $36,798

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF ETF based on the alternatives' overlap in portfolio holdings with KNG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KNG Expense: 75 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KNG
Ticker Fund
Name
Overlap1
vs KNG
(%)
Expense
ratio
(bp)
Savings
vs KNG
(bp)
ALTAR
Score™
(%)
ALTAR
vs KNG
(%)
NOBL ProShares S&P 500 Dividend Aristocrats ETF 99.6 35 40 6.2 +0.4
SDY SPDR S&P Dividend ETF 56.2 35 40 7.0 +1.2
TMDV ProShares Russell US Dividend Growers ETF 55.7 35 40 5.4 -0.5
VSDA VictoryShares Dividend Accelerator ETF 40.4 35 40 4.9 -0.9
PFM Invesco Dividend Achievers ETF 32.0 54 21 5.5 -0.3
FLLV Franklin Liberty U.S. Low Volatility ETF 29.2 29 46 5.9 +0.0
VIG Vanguard Dividend Appreciation Index Fund 27.8 6 69 5.5 -0.4
KLCD KFA Large Cap Quality Dividend Index ETF 26.2 41 34 5.4 -0.4
USDY Pacific Global US Equity Income ETF 26.0 29 46 7.3 +1.5
SCHV Schwab U.S. Large-Cap Value ETF 25.6 4 71 7.2 +1.4
VYM Vanguard High Dividend Yield Index ETF 24.8 6 69 7.4 +1.6
LVUS Hartford Multifactor Low Volatility US Equity ETF 24.0 19 56 6.1 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 23.6 48 27 5.7 -0.1
IWX iShares Russell Top 200 Value ETF 23.5 20 55 7.2 +1.4
CCOR Core Alternative ETF 23.4 123 -48 4.4 -1.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 23.2 60 15 6.3 +0.5
NULV Nuveen ESG Large-Cap Value ETF 22.9 35 40 7.4 +1.6
VTV Vanguard Value Index Fund 22.8 4 71 7.5 +1.7
MGV Vanguard Mega Cap Value ETF 22.7 7 68 7.3 +1.5
FLQL Franklin LibertyQ U.S. Equity ETF 22.5 15 60 6.3 +0.5
VOOV Vanguard S&P 500 Value ETF 22.4 15 60 7.4 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 22.3 4 71 7.5 +1.7
SPLV Invesco S&P 500 Low Volatility ETF 22.3 25 50 5.7 -0.1
IVE iShares S&P 500 Value ETF 22.3 18 57 7.3 +1.5
DGRO iShares Core Dividend Growth ETF 22.2 8 67 6.7 +0.9
RGI Invesco S&P 500 Equal Weight Industrials ETF 22.1 40 35 5.7 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 21.9 28 47 6.4 +0.6
IUSV iShares Core S&P U.S. Value ETF 21.3 4 71 7.6 +1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 21.0 25 50 6.2 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 21.0 27 48 5.7 -0.1
VONV Vanguard Russell 1000 Value Index Fund 21.0 8 67 7.4 +1.6
IWD iShares Russell 1000 Value ETF 20.9 19 56 7.2 +1.4
DTD WisdomTree U.S.Total Dividend Fund 20.8 28 47 6.7 +0.9
FVD First Trust Value Line Dividend Index Fund 20.3 70 5 6.4 +0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 20.3 12 63 5.9 +0.1
LGLV SPDR Russell 1000 Low Volatility ETF 19.9 12 63 5.7 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 19.3 49 26 4.1 -1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.1 29 46 6.3 +0.5
JKF iShares Morningstar Large Cap Value ETF 19.0 25 50 7.6 +1.8
DTN WisdomTree U.S. Dividend ex-Financials Fund 18.8 38 37 8.0 +2.2
ESG FlexShares STOXX US ESG Impact Index Fund 18.7 32 43 5.1 -0.7
DSTL Distillate US Fundamental Stability & Value ETF 18.7 39 36 6.6 +0.8
RAFE PIMCO RAFI ESG U.S. ETF 18.7 29 46 7.9 +2.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 18.6 25 50 6.6 +0.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 18.5 25 50 6.0 +0.2
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 18.5 40 35 6.5 +0.7
JHMS John Hancock Multifactor Consumer Staples ETF 18.5 40 35 6.0 +0.2
MAGA Point Bridge GOP Stock Tracker ETF 18.3 72 3 6.6 +0.8
RWL Invesco S&P 500 Revenue ETF 18.2 39 36 7.3 +1.5
USMV iShares Edge MSCI Min Vol USA ETF 18.2 15 60 5.5 -0.3
SPMV Invesco S&P 500 Minimum Variance ETF 18.0 10 65 5.9 +0.1
PSET Principal Price Setters Index ETF 18.0 29 46 4.6 -1.2
QDIV Global X S&P 500 Quality Dividend ETF 18.0 20 55 7.7 +1.9
LSLT Salt Low truBeta US Market ETF 17.9 29 46 6.1 +0.3
FDLO Fidelity Low Volatility Factor ETF 17.8 29 46 5.2 -0.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 17.7 75 0 6.2 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 17.7 39 36 6.9 +1.1
IUS Invesco Strategic US ETF 17.7 19 56 6.7 +0.9
DIVB iShares U.S. Dividend & Buyback ETF 17.7 25 50 6.7 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.5 25 50 6.6 +0.8
XLI Industrial Select Sector SPDR Fund 17.4 13 62 5.9 +0.1
IWL iShares Russell Top 200 ETF 17.3 15 60 5.1 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 17.0 27 48 5.0 -0.8
PEY Invesco High Yield Equity Dividend Achievers ETF 17.0 53 22 9.2 +3.4
QUS SPDR MSCI USA StrategicFactors ETF 17.0 15 60 5.9 +0.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 16.9 70 5 4.8 -1.0
XLP Consumer Staples Select Sector SPDR Fund 16.9 13 62 5.5 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 16.8 10 65 5.3 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 16.8 0 75 5.3 -0.5
MGC Vanguard Mega Cap Index Fund 16.7 7 68 5.3 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 16.7 10 65 5.3 -0.5
VDC Vanguard Consumer Staples Index Fund 16.6 10 65 5.6 -0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.6 19 56 5.7 -0.1
ACIO Aptus Collared Income Opportunity ETF 16.5 79 -4 4.4 -1.4
CLRG IQ Chaikin U.S. Large Cap ETF 16.5 25 50 6.1 +0.3
NULC Nuveen ESG Large-Cap ETF 16.4 20 55 5.0 -0.8
FSTA Fidelity MSCI Consumer Staples Index ETF 16.3 8 67 5.6 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 16.3 12 63 5.3 -0.6
PBP Invesco S&P 500 BuyWrite ETF 16.2 49 26 5.0 -0.8
FQAL Fidelity Quality Factor ETF 16.1 29 46 5.5 -0.3
VOO VANGUARD S&P 500 ETF 16.1 3 72 5.5 -0.3
SPY SPDR S&P 500 ETF Trust 16.1 9 66 5.4 -0.4
SPLG SPDR Portfolio Large Cap ETF 16.1 3 72 5.5 -0.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 16.0 35 40 8.7 +2.9
IVV iShares Core S&P 500 ETF 16.0 4 71 5.5 -0.4
QLV FlexShares US Quality Low Volatility Index Fund 15.9 22 53 4.9 -0.9
OEF iShares S&P 100 ETF 15.9 20 55 4.8 -1.0
IYJ iShares U.S. Industrials ETF 15.9 42 33 5.9 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 15.9 15 60 5.2 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 15.8 8 67 6.5 +0.7
HSPX Global X S&P 500 Covered Call ETF 15.8 65 10 4.9 -0.9
JHMI John Hancock Multifactor Industrials ETF 15.8 40 35 6.1 +0.3
IECS iShares Evolved U.S. Consumer Staples ETF 15.7 18 57 5.6 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.7 20 55 5.0 -0.8
SNPE Xtrackers S&P 500 ESG ETF 15.6 11 64 5.2 -0.7
QDEF FlexShares Quality Dividend Defensive Index Fund 15.5 37 38 5.9 +0.1
FIDU Fidelity MSCI Industrials Index ETF 15.5 8 67 6.0 +0.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.5 28 47 6.5 +0.7
IQSU IQ Candriam ESG US Equity ETF 15.5 9 66 5.1 -0.7
HLAL Wahed FTSE USA Shariah ETF 15.5 50 25 4.7 -1.1

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:
Cboe Vest S&P 500 Dividend Aristocrats Target Income 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 17.1 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 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.