Salt Low truBeta US Market ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
LSLT seeks to track the investment results of The Salt Low truBeta™ US Market Index. The Index targets U.S. large and midcap stocks with lower sensitivity to the SPDR S&P 500 ETF and less variability in their historical betas. |
Category | US Equities |
Fund Sponsor | Salt Financial |
Website | www.salt-funds.com |
Inception date | Mar 12, 2019 |
Assets (mns) | $9 |
Currency | USD |
Expense ratio | 60 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Equal |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 99 |
Wgt avg mkt cap (mns) | $73,056 |
Large cap (>$10bn) | 88.0% |
Mid cap ($2-10bn) | 12.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
ELI LILLY & CO | 1.3 % |
AMGEN INC | 1.1 % |
GENTEX CORP | 1.1 % |
DIGITAL REALTY TRUST INC | 1.1 % |
KROGER CO | 1.1 % |
MOLSON COORS BREWING CO -B | 1.1 % |
KNIGHT-SWIFT TRANSPORTATION HOLDIN | 1.1 % |
BRISTOL-MYERS SQUIBB CO | 1.1 % |
ARCHER-DANIELS-MIDLAND CO | 1.1 % |
CUBESMART | 1.1 % | Total | 10.9 % |
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UNITED STATES | 97.6 % |
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IRELAND | 1.0 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
3.3% | 3.3% | -- | -- | 9.5% |
versus... | Beta | R-squared |
S&P500 | 0.74 | 85% |
MSCI EAFE | 0.66 | 74% |
MSCI Emg. Mkts. | 0.55 | 62% |
Recent close | $28.81 |
30d moving avg. | $28.59 |
Annualized volatility | 16.7% |
Short interest (ETF) | 0.0% |
Relative strength (RSI) | 52 |
Avg. volume (thou.) | 1 |
Turnover | 0.3% |
Bid/Ask (% of price) | 0.11% |
ADV underlying (mns) | $34,727 |
FINDING ALTERNATIVE FUNDS
Below is a list of 96 potential alternatives to the Salt Low truBeta US Market ETF ETF based on the alternatives' overlap in portfolio holdings with LSLT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | LSLT | Expense: | 60 bp | ALTAR Score™: | 5.7% |
Ticker | Fund Name |
Overlap1 vs LSLT (%) |
Expense ratio (bp) |
Savings vs LSLT (bp) |
ALTAR Score™ (%) |
ALTAR vs LSLT (%) |
SPLV | Invesco S&P 500 Low Volatility ETF | 46.5 | 25 | 35 | 5.5 | -0.2 |
USMV | iShares Edge MSCI Min Vol USA ETF | 41.3 | 15 | 45 | 5.3 | -0.4 |
JMIN | JPMorgan U.S. Minimum Volatility ETF | 38.1 | 12 | 48 | 5.3 | -0.4 |
DEF | Invesco Defensive Equity ETF | 36.1 | 55 | 5 | 5.2 | -0.5 |
HUSV | First Trust Horizon Managed Volatility Domestic ETF | 36.1 | 70 | -10 | 4.8 | -0.9 |
FLQL | Franklin LibertyQ U.S. Equity ETF | 33.9 | 15 | 45 | 5.9 | +0.2 |
FDLO | Fidelity Low Volatility Factor ETF | 31.7 | 29 | 31 | 4.9 | -0.8 |
XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 30.8 | 25 | 35 | 5.8 | +0.1 |
VOOV | Vanguard S&P 500 Value ETF | 30.6 | 10 | 50 | 6.6 | +0.9 |
EQWL | Invesco Russell Top 200 Equal Weight ETF | 29.9 | 25 | 35 | 5.6 | -0.1 |
RBUS | Nationwide Risk-Based U.S. Equity ETF | 29.7 | 30 | 30 | 4.6 | -1.1 |
FVL | First Trust Value Line 100 ETF | 29.1 | 70 | -10 | 6.0 | +0.3 |
DLN | WisdomTree U.S. LargeCap Dividend Fund | 29.0 | 28 | 32 | 6.1 | +0.4 |
QUS | SPDR MSCI USA StrategicFactors ETF | 28.9 | 15 | 45 | 5.3 | -0.5 |
DTN | WisdomTree U.S. Dividend ex-Financials Fund | 28.5 | 38 | 22 | 7.6 | +1.9 |
FLLV | Franklin Liberty U.S. Low Volatility ETF | 28.3 | 29 | 31 | 4.9 | -0.8 |
MGV | Vanguard Mega Cap Value ETF | 28.1 | 7 | 53 | 6.5 | +0.8 |
OUSA | O'Shares FTSE US Quality Dividend ETF | 27.9 | 48 | 12 | 5.5 | -0.3 |
SPMV | Invesco S&P 500 Minimum Variance ETF | 27.7 | 10 | 50 | 5.5 | -0.3 |
SCHV | Schwab U.S. Large-Cap Value ETF | 27.5 | 4 | 56 | 6.1 | +0.4 |
DGRO | iShares Core Dividend Growth ETF | 27.4 | 8 | 52 | 6.0 | +0.3 |
DTD | WisdomTree U.S.Total Dividend Fund | 27.4 | 28 | 32 | 6.2 | +0.5 |
GBLO | Global Beta Low Beta ETF | 27.3 | 29 | 31 | 7.3 | +1.6 |
VTV | Vanguard Value Index Fund | 27.1 | 4 | 56 | 6.6 | +0.9 |
SPYV | SPDR Portfolio S&P 500 Value ETF | 27.1 | 4 | 56 | 6.4 | +0.7 |
IVE | iShares S&P 500 Value ETF | 27.0 | 18 | 42 | 6.3 | +0.6 |
LGLV | SPDR Russell 1000 Low Volatility ETF | 27.0 | 12 | 48 | 5.2 | -0.5 |
FVD | First Trust Value Line Dividend Index Fund | 26.9 | 70 | -10 | 5.8 | +0.1 |
ACWV | iShares MSCI Global Min Vol Factor ETF | 26.4 | 20 | 40 | 5.5 | -0.2 |
VYM | Vanguard High Dividend Yield Index ETF | 26.1 | 6 | 54 | 6.7 | +1.0 |
VSDA | VictoryShares Dividend Accelerator ETF | 25.9 | 35 | 25 | 4.6 | -1.1 |
PFM | Invesco Dividend Achievers ETF | 25.8 | 53 | 7 | 5.0 | -0.7 |
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | 25.7 | 28 | 32 | 6.0 | +0.3 |
IUSV | iShares Core S&P U.S. Value ETF | 25.7 | 4 | 56 | 6.4 | +0.7 |
KLCD | KFA Large Cap Quality Dividend Index ETF | 25.7 | 42 | 18 | 5.1 | -0.7 |
PSET | Principal Price Setters Index ETF | 25.4 | 15 | 45 | 4.6 | -1.1 |
FTA | First Trust Large Cap Value AlphaDEX Fund | 25.3 | 60 | 0 | 7.3 | +1.6 |
IWX | iShares Russell Top 200 Value ETF | 25.2 | 20 | 40 | 6.1 | +0.4 |
JKF | iShares Morningstar Large Cap Value ETF | 25.1 | 25 | 35 | 6.7 | +1.0 |
SPXT | ProShares S&P 500 Ex-Technology ETF | 25.0 | 27 | 33 | 4.9 | -0.8 |
CDC | VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF | 24.7 | 35 | 25 | 7.7 | +2.0 |
CDL | VictoryShares US Large Cap High Dividend Volatility Wtd Idx | 24.6 | 35 | 25 | 7.7 | +2.0 |
ESGV | Vanguard ESG U.S. Stock ETF | 24.6 | 12 | 48 | 4.5 | -1.3 |
QDEF | FlexShares Quality Dividend Defensive Index Fund | 24.4 | 37 | 23 | 5.4 | -0.3 |
EPS | WisdomTree U.S. Earnings 500 Fund | 24.4 | 8 | 52 | 5.9 | +0.2 |
LVHD | Legg Mason Low Volatility High Dividend ETF | 24.3 | 27 | 33 | 7.7 | +2.0 |
CHGX | Change Finance U.S. Large Cap Fossil Fuel Free ETF | 24.2 | 49 | 11 | 4.2 | -1.5 |
TPHD | Timothy Plan High Dividend Stock ETF | 23.7 | 52 | 8 | 5.5 | -0.2 |
JQUA | JPMorgan U.S. Quality Factor ETF | 23.5 | 12 | 48 | 5.0 | -0.7 |
VONV | Vanguard Russell 1000 Value Index Fund | 23.5 | 8 | 52 | 6.2 | +0.5 |
FQAL | Fidelity Quality Factor ETF | 22.7 | 29 | 31 | 5.0 | -0.7 |
JPUS | JPMorgan Diversified Return U.S. Equity ETF | 22.7 | 18 | 42 | 5.6 | -0.1 |
IWD | iShares Russell 1000 Value ETF | 22.6 | 19 | 41 | 6.0 | +0.3 |
JDIV | JPMorgan U.S. Dividend ETF | 22.5 | 12 | 48 | 6.7 | +1.0 |
ROUS | Hartford Multifactor US Equity ETF | 22.1 | 19 | 41 | 5.8 | +0.1 |
CLRG | IQ Chaikin U.S. Large Cap ETF | 21.9 | 25 | 35 | 5.0 | -0.7 |
FLRG | Fidelity U.S. Multifactor ETF | 21.9 | 29 | 31 | 5.8 | +0.1 |
MGC | Vanguard Mega Cap Index Fund | 21.8 | 7 | 53 | 4.6 | -1.2 |
MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 21.7 | 30 | 30 | 5.0 | -0.7 |
DIVB | iShares U.S. Dividend & Buyback ETF | 21.6 | 25 | 35 | 5.9 | +0.2 |
IWL | iShares Russell Top 200 ETF | 21.6 | 15 | 45 | 4.4 | -1.3 |
MXDU | Nationwide Maximum Diversification US Core Equity ETF | 21.5 | 34 | 26 | 4.3 | -1.4 |
RHS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 21.4 | 40 | 20 | 6.3 | +0.6 |
BKLC | BNY Mellon US Large Cap Core Equity ETF | 21.4 | 0 | 60 | 4.4 | -1.3 |
SPXN | ProShares S&P 500 Ex-Financials ETF | 21.4 | 27 | 33 | 4.3 | -1.4 |
JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 21.2 | 15 | 45 | 4.6 | -1.1 |
JHMS | John Hancock Multifactor Consumer Staples ETF | 21.1 | 40 | 20 | 5.7 | -0.1 |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 21.1 | 20 | 40 | 4.8 | -1.0 |
JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 21.0 | 20 | 40 | 4.6 | -1.1 |
PBP | Invesco S&P 500 BuyWrite ETF | 21.0 | 49 | 11 | 4.3 | -1.4 |
USLB | Invesco Russell 1000 Low Beta Equal Weight ETF | 21.0 | 35 | 25 | 5.1 | -0.6 |
PQLC | PGIM QMA Strategic Alpha Large-Cap Core ETF | 20.9 | 17 | 43 | 6.1 | +0.4 |
SPXE | ProShares S&P 500 Ex-Energy ETF | 20.9 | 27 | 33 | 4.6 | -1.1 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 20.7 | 60 | 0 | 4.4 | -1.3 |
VIG | Vanguard Dividend Appreciation Index Fund | 20.6 | 6 | 54 | 5.0 | -0.7 |
RAFE | PIMCO RAFI ESG U.S. ETF | 20.5 | 30 | 30 | 6.7 | +1.0 |
SPY | SPDR S&P 500 ETF Trust | 20.4 | 9 | 51 | 4.7 | -1.0 |
IVV | iShares Core S&P 500 ETF | 20.4 | 3 | 57 | 4.7 | -1.0 |
OEF | iShares S&P 100 ETF | 20.4 | 20 | 40 | 4.2 | -1.5 |
FNDX | Schwab Fundamental U.S. Large Co. Index ETF | 20.3 | 25 | 35 | 5.7 | +0.0 |
SPLG | SPDR Portfolio Large Cap ETF | 20.3 | 3 | 57 | 4.7 | -1.0 |
IECS | iShares Evolved U.S. Consumer Staples ETF | 20.3 | 18 | 42 | 5.5 | -0.2 |
NULV | Nuveen ESG Large-Cap Value ETF | 20.3 | 35 | 25 | 6.1 | +0.4 |
DVY | iShares Select Dividend ETF | 20.2 | 39 | 21 | 8.0 | +2.3 |
EFIV | SPDR S&P 500 ESG ETF | 20.2 | 10 | 50 | 4.6 | -1.2 |
SNPE | Xtrackers S&P 500 ESG ETF | 20.1 | 10 | 50 | 4.6 | -1.2 |
QLV | FlexShares US Quality Low Volatility Index Fund | 20.1 | 22 | 38 | 4.3 | -1.4 |
DSTL | Distillate US Fundamental Stability & Value ETF | 20.1 | 39 | 21 | 5.7 | -0.0 |
VOO | VANGUARD S&P 500 ETF | 20.1 | 3 | 57 | 4.8 | -0.9 |
GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 20.1 | 9 | 51 | 4.8 | -0.9 |
QDF | FlexShares Quality Dividend Index Fund | 20.0 | 37 | 23 | 5.5 | -0.3 |
PRF | Invesco FTSE RAFI US 1000 ETF | 20.0 | 39 | 21 | 5.8 | +0.1 |
SIXA | 6 Meridian Mega Cap Equity ETF | 20.0 | 82 | -22 | 5.8 | +0.1 |
SFY | SoFi Select 500 ETF | 20.0 | 0 | 60 | 4.6 | -1.2 |
XLP | Consumer Staples Select Sector SPDR Fund | 19.9 | 13 | 47 | 5.4 | -0.3 |
GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 19.9 | 7 | 53 | 4.5 | -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%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Salt Low truBeta US Market ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
OVERWEIGHT |
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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