VanEck Vectors Coal ETF
ALTAR
Score™
19.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.9x P/Sales
ratio
0.8x
P/BV
ratio
0.7x Div.
yield
5.5%


  • 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 10, 2008
Assets (mns) $29
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) $5,569
Large cap (>$10bn) 8.4%
Mid cap ($2-10bn) 53.5%
Small cap (<$2bn) 38.2%
Developed mkts 43.2%
Emerging mkts 56.8%

TOP TEN HOLDINGS
TECK RESOURCES LTD-CLS B 8.7 %
CHINA SHENHUA ENERGY CO - H 8.0 %
UNITED TRACTORS TBK PT 7.8 %
AURIZON HOLDINGS LTD 7.2 %
EXXARO RESOURCES LTD 6.4 %
WASHINGTON H. SOUL PATTINSON 6.1 %
WARRIOR MET COAL, INC. 5.0 %
YANZHOU COAL MINING CO-H 4.5 %
ADARO ENERGY PT 4.4 %
CHINA COAL ENERGY CO - H 4.1 %
Total 62.2 %

TOP COUNTRY EXPOSURE
INDONESIA 19.1 %
CHINA 19.0 %
AUSTRALIA 18.2 %
CANADA 12.1 %
UNITED STATES 7.9 %
SOUTH AFRICA 6.4 %
THAILAND 3.7 %
HONG KONG 3.4 %
POLAND 3.2 %
PHILIPPINES 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.7% -25.8% 0.7% -10.6% -10.0%

Market Correlations
versus... Beta R-squared
S&P500 0.91 46%
MSCI EAFE 1.07 52%
MSCI Emg. Mkts. 0.86 54%

Technical Indicators
Recent close $79.11
30d moving avg. $75.14
Annualized volatility 23.7%
Short interest (ETF) 1.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.8%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $15

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 19.2%


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 China Energy ETF 12.5 66 -6 12.1 -7.1
GRES IQ Global Resources ETF 10.6 78 -18 6.9 -12.3
IDX VanEck Vectors Indonesia Index ETF 8.2 57 3 9.2 -10.0
SDEM Global X SuperDividend Emerging Markets ETF 8.2 66 -6 17.9 -1.3
XME SPDR S&P Metals & Mining ETF 7.6 35 25 6.8 -12.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.5 60 0 10.8 -8.5
SDIV Global X SuperDividend ETF 5.8 59 1 13.3 -6.0
FCA First Trust China AlphaDEX Fund 5.5 80 -20 14.3 -5.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.5 50 10 19.1 -0.1
DVYE iShares Emerging Markets Dividend ETF 5.0 49 11 16.9 -2.4
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 4.4 80 -20 18.6 -0.7
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 3.8 51 9 14.3 -4.9
EIDO iShares MSCI Indonesia ETF 3.4 59 1 10.1 -9.1
FEM First Trust Emerging Markets AlphaDEX Fund 3.0 80 -20 13.4 -5.8
PSCM Invesco S&P SmallCap Materials ETF 2.8 29 31 9.6 -9.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 2.6 60 0 7.9 -11.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 2.5 47 13 9.0 -10.2
CALF Pacer US Small Cap Cash Cows 100 ETF 2.1 59 1 10.5 -8.7
EYLD Cambria Emerging Shareholder Yield ETF 2.1 69 -9 17.7 -1.5
DEM WisdomTree Emerging Markets High Dividend Fund 2.0 63 -3 14.8 -4.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.9 74 -14 13.2 -6.0
IQDF FlexShares International Quality Dividend Index Fund 1.9 47 13 8.9 -10.3
ISEM Invesco Strategic Emerging Markets ETF 1.9 35 25 10.7 -8.6
RNEM Emerging Markets Equity Select ETF 1.9 75 -15 11.8 -7.4
FYLD Cambria Foreign Shareholder Yield ETF 1.8 59 1 6.7 -12.5
GVAL Cambria Global Value ETF 1.7 65 -5 11.1 -8.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.6 50 10 6.1 -13.1
EES WisdomTree SmallCap Earnings Fund 1.6 38 22 10.2 -9.0
SYLD Cambria Shareholder Yield ETF 1.6 59 1 8.7 -10.5
SLX VanEck Vectors Steel ETF 1.4 56 4 12.7 -6.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.4 32 28 9.1 -10.2
FAUS First Trust Australia AlphaDEX Fund 1.4 80 -20 6.1 -13.2
FILL iShares MSCI Global Energy Producers ETF 1.4 39 21 7.0 -12.2
ECNS iShares MSCI China Small-Cap ETF 1.3 59 1 11.4 -7.8
LVHI Legg Mason International Low Volatility High Dividend ETF 1.3 40 20 9.2 -10.0
VIDI Vident International Equity Fund 1.3 59 1 11.0 -8.3
RSXJ VanEck Vectors Russia Small-Cap ETF 1.3 77 -17 9.4 -9.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.2 63 -3 12.6 -6.6
EPOL iShares MSCI Poland Capped ETF 1.2 61 -1 9.9 -9.3
EZA iShares MSCI South Africa ETF 1.1 59 1 7.6 -11.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.1 40 20 7.3 -11.9
SCIX Global X Scientific Beta Asia ex-Japan ETF 1.1 38 22 6.6 -12.6
FLZA Franklin FTSE South Africa ETF 1.0 19 41 11.6 -7.6
MVIN Natixis Seeyond International Minimum Volatility ETF 1.0 56 4 5.5 -13.7
FXI iShares China Large-Cap ETF 1.0 74 -14 13.7 -5.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 31 10.1 -9.1
SQLV Legg Mason Small-Cap Quality Value 0.9 62 -2 6.5 -12.7
AFSM First Trust Active Factor Small Cap ETF 0.9 75 -15 5.5 -13.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 0.9 50 10 10.5 -8.7
INFR Legg Mason Global Infrastructure ETF 0.9 40 20 6.1 -13.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 13 9.0 -10.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.9 29 31 11.4 -7.9
EWA iShares MSCI Australia ETF 0.8 50 10 6.3 -13.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -35 8.0 -11.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 21 6.6 -12.6
FYT First Trust Small Cap Value AlphaDEX Fund 0.8 72 -12 9.5 -9.8
FLAU Franklin FTSE Australia ETF 0.8 9 51 6.8 -12.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -19 9.1 -10.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 50 10 13.6 -5.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 16 9.0 -10.3
WWJD Inspire International ESG ETF 0.7 80 -20 7.2 -12.1
JSML Janus Henderson Small Cap Growth Alpha ETF 0.6 30 30 8.0 -11.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.6 30 30 5.8 -13.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 1 11.0 -8.3
EMMF WisdomTree Emerging Markets Multifactor Fund 0.6 48 12 9.6 -9.6
PSC Principal U.S. Small Cap Index ETF 0.6 38 22 6.7 -12.5
XSHQ Invesco S&P SmallCap Quality ETF 0.6 29 31 6.7 -12.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.6 29 31 5.3 -14.0
IGE iShares North American Natural Resources ETF 0.6 46 14 4.3 -15.0
BUY USCF SummerHaven SHPEI Index Fund 0.5 80 -20 8.7 -10.6
VGFO Virtus WMC Global Factor Opportunities ETF 0.5 49 11 7.9 -11.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.5 20 40 11.2 -8.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.5 45 15 9.0 -10.3
THD iShares MSCI Thailand ETF 0.5 59 1 10.9 -8.4
EPP iShares MSCI Pacific ex-Japan ETF 0.5 48 12 6.6 -12.7
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 0.5 19 41 6.9 -12.4
AVUV Avantis U.S. Small Cap Value ETF 0.5 25 35 8.2 -11.0
DWMF WisdomTree International Multifactor Fund 0.5 38 22 6.2 -13.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.5 45 15 7.0 -12.3
IUSS Invesco Strategic US Small Company ETF 0.5 23 37 5.2 -14.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 69 -9 7.7 -11.5
EMFM Global X MSCI Next Emerging & Frontier ETF 0.5 66 -6 9.0 -10.3
ROAM Hartford Multifactor Emerging Markets ETF 0.5 44 16 13.1 -6.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 13 6.3 -12.9
EPHE iShares MSCI Philippines ETF 0.4 59 1 8.8 -10.5
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 2 8.2 -11.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 11 8.6 -10.7
AVEM Avantis Emerging Markets Equity ETF 0.4 33 27 8.9 -10.4
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 0.4 43 17 8.4 -10.9
INTF iShares Edge MSCI Multifactor Intl ETF 0.4 30 30 7.7 -11.5
DIM WisdomTree International MidCap Dividend Fund 0.4 58 2 7.4 -11.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 -10 9.2 -10.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 21 13.1 -6.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 49 11 7.9 -11.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 25 8.4 -10.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.4 63 -3 6.3 -12.9
GXC SPDR S&P China ETF 0.4 59 1 8.2 -11.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.4 25 35 6.9 -12.4
AFK VanEck Vectors Africa Index ETF 0.3 79 -19 8.5 -10.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 0.3 29 31 5.9 -13.4

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:
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 13.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 19.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.51
 
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.