VanEck Vectors Coal ETF
ALTAR
Score™
15.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.4x P/Sales
ratio
0.8x
P/BV
ratio
0.7x Div.
yield
5.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors-Coal ETF seeks investment results that correspond to the price and yield of the Stowe Coal Index.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Jan 14, 2008
Assets (mns) $24
Currency USD
Expense ratio 60 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
Wgt avg mkt cap (mns) $5,545
Large cap (>$10bn) 7.3%
Mid cap ($2-10bn) 48.9%
Small cap (<$2bn) 43.8%
Developed mkts 43.4%
Emerging mkts 56.6%

TOP TEN HOLDINGS
AURIZON HOLDINGS LTD 8.5 %
CHINA SHENHUA ENERGY CO - H 7.4 %
TECK RESOURCES LTD-CLS B 7.4 %
UNITED TRACTORS TBK PT 6.5 %
EXXARO RESOURCES LTD 5.9 %
ADARO ENERGY PT 5.5 %
WASHINGTON H. SOUL PATTINSON 5.0 %
WARRIOR MET COAL, INC. 4.9 %
BANPU PUBLIC CO LTD-NVDR 4.7 %
CHINA COAL ENERGY CO - H 4.6 %
Total 60.5 %

TOP COUNTRY EXPOSURE
AUSTRALIA 20.7 %
CHINA 20.5 %
INDONESIA 19.6 %
CANADA 10.2 %
UNITED STATES 9.5 %
SOUTH AFRICA 5.9 %
THAILAND 4.7 %
PHILIPPINES 3.3 %
HONG KONG 2.6 %
POLAND 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.5% -34.9% -4.4% -9.8% -9.6%

Market Correlations
versus... Beta R-squared
S&P500 0.93 26%
MSCI EAFE 1.10 30%
MSCI Emg. Mkts. 1.03 45%

Technical Indicators
Recent close $8.48
30d moving avg. $9.10
Annualized volatility 22.2%
Short interest (ETF) 1.9%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 18
Turnover 0.6%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VanEck Vectors Coal ETF ETF based on the alternatives' overlap in portfolio holdings with KOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KOL Expense: 60 bp ALTAR Score™: 15.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KOL
Ticker Fund
Name
Overlap1
vs KOL
(%)
Expense
ratio
(bp)
Savings
vs KOL
(bp)
ALTAR
Score™
(%)
ALTAR
vs KOL
(%)
CHIE Global X MSCI China Energy 15.1 66 -6 9.8 -5.3
GRES Index IQ Global Resources 11.2 77 -17 6.9 -8.2
XME SPDR Metals & Mining ETF 9.4 35 25 3.3 -11.8
IDX VanEck Vectors Indonesia 7.2 57 3 8.1 -6.9
FCA First Trust China AlphaDEX 6.1 80 -20 13.9 -1.1
EEMD AAM S&P Emerging Markets High Dividend Value 5.7 50 10 12.8 -2.3
EDOG ALPS Emerging Sector Dividend Dogs 5.3 60 0 9.4 -5.7
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 4.4 51 9 12.9 -2.1
PXI Invesco Dynamic Energy Sector 4.0 60 0 2.7 -12.3
FEM First Trust Emerging Markets AlphaDEX 3.4 80 -20 10.9 -4.1
SDEM Global X SuperDividend Emg Mkts 3.3 67 -7 17.0 +2.0
FEMS First Trust Emerging Markets Small Cap 2.9 80 -20 11.6 -3.5
FTRI First Trust ISE Global Natural Resources Income 2.9 70 -10 10.2 -4.8
EIDO iShares MSCI Indonesia Investable 2.9 59 1 9.0 -6.1
PSCM Invesco S&P Small Cap Materials 2.8 29 31 9.2 -5.8
ECOW Pacer Emerging Markets Cash Cows 100 2.3 70 -10 9.7 -5.3
IQDE FlexShares Int'l Quality Dividend Defensive 2.3 47 13 9.2 -5.9
ISEM Invesco Strategic Emerging Markets 2.1 35 25 10.1 -4.9
CALF Pacer US Small Cap Cash Cows 100 2.1 59 1 10.3 -4.8
EES WisdomTree SmallCap Earnings 2.0 38 22 8.9 -6.2

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

  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

Content on this tab for subscribers only

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:
VanEck Vectors Coal ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.2 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 15.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.55
 
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.