Hartford Multifactor Low Volatility US Equity ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.9x P/Sales
ratio
2.1x
P/BV
ratio
2.7x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Hartford Multifactor Low Volatility US Equity ETF tracks an index of US-listed stocks that exhibit low volatility, with constraints on factor exposure and marketlike portfolio characteristics.


FUND BASICS
Category US Equities
Fund Sponsor Hartford
Website www.hartfordfunds.com
Inception date May 10, 2017
Assets (mns) $6
Currency USD
Expense ratio 19 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 261
Wgt avg mkt cap (mns) $125,643
Large cap (>$10bn) 73.7%
Mid cap ($2-10bn) 22.2%
Small cap (<$2bn) 4.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ACCENTURE PLC-CL A 2.0 %
JOHNSON & JOHNSON 1.7 %
VERIZON COMMUNICATIONS INC 1.6 %
HOME DEPOT INC 1.6 %
MEDTRONIC PLC 1.5 %
MCDONALD'S CORP 1.5 %
CHEVRON CORP 1.4 %
WAL-MART STORES INC 1.3 %
PRAXAIR INC 1.3 %
EXXON MOBIL CORP 1.3 %
Total 15.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
IRELAND 4.4 %
BRITAIN 1.7 %
SWITZERLAND 0.5 %
BERMUDA 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.3% -4.6% -- -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.97 87%
MSCI EAFE 0.99 77%
MSCI Emg. Mkts. 0.69 61%

Technical Indicators
Recent close $28.56
30d moving avg. $28.14
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $84,699

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Hartford Multifactor Low Volatility US Equity ETF ETF based on the alternatives' overlap in portfolio holdings with LVUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LVUS Expense: 19 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LVUS
Ticker Fund
Name
Overlap1
vs LVUS
(%)
Expense
ratio
(bp)
Savings
vs LVUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs LVUS
(%)
FDLO Fidelity Low Volatility Factor ETF 43.6 29 -10 5.0 -1.1
ROUS Hartford Multifactor US Equity ETF 43.0 19 0 7.0 +1.0
USMV iShares Edge MSCI Min Vol USA ETF 41.8 15 4 5.4 -0.7
QUS SPDR MSCI USA StrategicFactors ETF 38.4 15 4 5.7 -0.3
LGLV SPDR Russell 1000 Low Volatility ETF 37.3 12 7 5.5 -0.5
PFM Invesco Dividend Achievers ETF 36.8 54 -35 5.3 -0.7
FLLV Franklin Liberty U.S. Low Volatility ETF 36.7 29 -10 5.6 -0.4
SPXT ProShares S&P 500 Ex-Technology ETF 36.3 27 -8 5.4 -0.6
IWD iShares Russell 1000 Value ETF 36.2 19 0 6.8 +0.8
VONV Vanguard Russell 1000 Value Index Fund 36.1 8 11 6.9 +0.9
JMIN JPMorgan U.S. Minimum Volatility ETF 35.9 12 7 5.4 -0.7
SPYV SPDR Portfolio S&P 500 Value ETF 35.5 4 15 7.3 +1.2
IVE iShares S&P 500 Value ETF 35.5 18 1 7.1 +1.1
VOOV Vanguard S&P 500 Value ETF 35.4 15 4 7.1 +1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 35.3 25 -6 6.2 +0.2
IUSV iShares Core S&P U.S. Value ETF 35.0 4 15 7.3 +1.3
PRF Invesco FTSE RAFI US 1000 ETF 34.8 39 -20 6.6 +0.6
FLQL Franklin LibertyQ U.S. Equity ETF 34.7 15 4 6.0 -0.0
DGRO iShares Core Dividend Growth ETF 34.7 8 11 6.5 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 34.7 12 7 5.2 -0.8
DTD WisdomTree U.S.Total Dividend Fund 34.6 28 -9 6.5 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.6 29 -10 5.8 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 34.6 27 -8 4.8 -1.3
USDY Pacific Global US Equity Income ETF 34.6 29 -10 7.1 +1.1
IUS Invesco Strategic US ETF 34.4 19 0 6.3 +0.3
PBP Invesco S&P 500 BuyWrite ETF 34.2 49 -30 4.8 -1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 34.2 28 -9 6.3 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 34.0 8 11 6.3 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 34.0 25 -6 6.2 +0.2
SCHV Schwab U.S. Large-Cap Value ETF 33.5 4 15 7.1 +1.1
HSPX Global X S&P 500 Covered Call ETF 33.5 65 -46 4.7 -1.4
SPY SPDR S&P 500 ETF Trust 33.4 9 10 5.2 -0.9
SPLG SPDR Portfolio Large Cap ETF 33.4 3 16 5.2 -0.8
IVV iShares Core S&P 500 ETF 33.4 4 15 5.2 -0.8
VOO VANGUARD S&P 500 ETF 33.3 3 16 5.2 -0.8
IWX iShares Russell Top 200 Value ETF 33.2 20 -1 6.7 +0.7
VTV Vanguard Value Index Fund 33.2 4 15 7.3 +1.3
MGC Vanguard Mega Cap Index Fund 32.9 7 12 5.0 -1.0
JHML John Hancock Multifactor Large Cap ETF 32.9 29 -10 5.4 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.6 20 -1 5.1 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.5 7 12 5.0 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 32.5 0 19 4.9 -1.1
SPXE ProShares S&P 500 Ex-Energy ETF 32.5 27 -8 5.1 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.4 2 17 5.1 -0.9
SCHX Schwab U.S. Large-Cap ETF 32.4 3 16 5.1 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 32.3 3 16 5.3 -0.7
PBUS Invesco PureBeta MSCI USA ETF 32.2 4 15 5.1 -1.0
VV Vanguard Large-Cap Index Fund 32.2 4 15 5.0 -1.0
SPLV Invesco S&P 500 Low Volatility ETF 32.1 25 -6 5.5 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 32.0 27 -8 4.8 -1.2
IWL iShares Russell Top 200 ETF 32.0 15 4 4.8 -1.3
SCHK Schwab 1000 Index ETF 32.0 5 14 5.1 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.8 30 -11 6.3 +0.3
IYY iShares Dow Jones U.S. ETF 31.7 20 -1 5.0 -1.0
VONE Vanguard Russell 1000 ETF 31.7 8 11 5.0 -1.0
RWL Invesco S&P 500 Revenue ETF 31.7 39 -20 7.0 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.7 9 10 5.3 -0.7
VYM Vanguard High Dividend Yield Index ETF 31.6 6 13 7.3 +1.3
IWB iShares Russell 1000 ETF 31.6 15 4 4.9 -1.1
DIVB iShares U.S. Dividend & Buyback ETF 31.6 25 -6 6.4 +0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 31.5 25 -6 6.0 -0.0
OUSA O'Shares FTSE US Quality Dividend ETF 31.3 48 -29 5.5 -0.5
VIG Vanguard Dividend Appreciation Index Fund 31.2 6 13 5.2 -0.8
OEF iShares S&P 100 ETF 30.9 20 -1 4.6 -1.4
SCHB Schwab U.S. Broad Market ETF 30.9 3 16 5.0 -1.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.8 18 1 6.0 +0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.8 3 16 5.0 -1.0
MGV Vanguard Mega Cap Value ETF 30.7 7 12 7.2 +1.2
IWV iShares Russell 3000 ETF 30.6 20 -1 4.8 -1.2
VTHR Vanguard Russell 3000 Index Fund 30.6 10 9 4.9 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 30.5 15 4 4.9 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.5 20 -1 4.7 -1.3
SPMV Invesco S&P 500 Minimum Variance ETF 30.4 10 9 5.6 -0.4
VTI Vanguard Total Stock Market Index Fund 30.2 3 16 4.9 -1.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 30.1 35 -16 5.2 -0.8
AFLG First Trust Active Factor Large Cap ETF 30.1 55 -36 5.3 -0.7
VLU SPDR S&P 1500 Value Tilt ETF 29.9 12 7 7.2 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.7 15 4 6.0 +0.0
IQSU IQ Candriam ESG US Equity ETF 29.3 9 10 4.9 -1.1
FQAL Fidelity Quality Factor ETF 29.3 29 -10 5.4 -0.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 29.3 35 -16 5.6 -0.4
SNPE Xtrackers S&P 500 ESG ETF 29.0 11 8 4.9 -1.1
QLV FlexShares US Quality Low Volatility Index Fund 28.8 22 -3 4.6 -1.4
DEF Invesco Defensive Equity ETF 28.7 55 -36 4.9 -1.1
XLG Invesco S&P 500 Top 50 ETF 28.4 20 -1 4.3 -1.7
SFY SoFi Select 500 ETF 28.3 0 19 5.0 -1.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 28.1 70 -51 4.6 -1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 28.0 37 -18 5.7 -0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 28.0 19 0 5.9 -0.2
RAFE PIMCO RAFI ESG U.S. ETF 27.9 29 -10 7.5 +1.5
SCIU Global X Scientific Beta US ETF 27.9 19 0 5.6 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 27.9 12 7 4.6 -1.4
NACP Impact Shares NAACP Minority Empowerment ETF 27.7 75 -56 4.5 -1.5
RNLC Large Cap US Equity Select ETF 27.6 60 -41 6.1 +0.0
CATH Global X S&P 500 Catholic Values Custom ETF 27.6 29 -10 5.0 -1.0
LSLT Salt Low truBeta US Market ETF 27.6 29 -10 5.9 -0.2
ACIO Aptus Collared Income Opportunity ETF 27.4 79 -60 4.1 -1.9
ESG FlexShares STOXX US ESG Impact Index Fund 27.2 32 -13 4.9 -1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 27.1 25 -6 6.3 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 26.9 29 -10 6.7 +0.7

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:
Hartford Multifactor Low Volatility US Equity 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 16.2 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.