Nationwide Maximum Diversification US Core Equity ETF
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.4x P/Sales
ratio
2.3x
P/BV
ratio
3.8x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Nationwide Maximum Diversification US Core Equity ETF tracks a rules-basedan index of US companies that , deemed to meet basic SRI guidelines., thatThe fund seek to provideis optimized for low volatility and maximum diversification

FUND BASICS
Category US Equities
Fund Sponsor Nationwide Fund Advisors
Website nationwidefinancial.com
Inception date Sep 15, 2017
Assets (mns) $106
Currency USD
Expense ratio 34 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 469
Wgt avg mkt cap (mns) $111,366
Large cap (>$10bn) 88.5%
Mid cap ($2-10bn) 11.0%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
SNAP, INC. CLASS A 2.8 %
MODERNA, INC. 1.9 %
ROKU, INC. CLASS A 1.7 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 1.7 %
DOCUSIGN, INC. 1.4 %
CHIPOTLE MEXICAN GRILL-CL A 1.4 %
CLOROX COMPANY 1.3 %
FACEBOOK 1.3 %
NEWMONT MINING CORP 1.3 %
KROGER CO 1.3 %
Total 16.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
BRITAIN 1.8 %
IRELAND 1.3 %
CHINA 1.2 %
LUXEMBOURG 0.8 %
SWITZERLAND 0.2 %
ARGENTINA 0.2 %
BERMUDA 0.2 %
ISRAEL 0.1 %
BRAZIL 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.1% 11.8% -- -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.96 94%
MSCI EAFE 0.96 78%
MSCI Emg. Mkts. 0.69 61%

Technical Indicators
Recent close $35.52
30d moving avg. $34.43
Annualized volatility 17.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.0%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $152,726

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Nationwide Maximum Diversification US Core Equity ETF ETF based on the alternatives' overlap in portfolio holdings with MXDU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MXDU Expense: 34 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MXDU
Ticker Fund
Name
Overlap1
vs MXDU
(%)
Expense
ratio
(bp)
Savings
vs MXDU
(bp)
ALTAR
Score™
(%)
ALTAR
vs MXDU
(%)
SCHX Schwab U.S. Large-Cap ETF 48.1 3 31 4.8 +0.3
PBUS Invesco PureBeta MSCI USA ETF 47.5 4 30 4.9 +0.4
IWB iShares Russell 1000 ETF 47.4 15 19 4.8 +0.3
SCHK Schwab 1000 Index ETF 47.2 5 29 4.9 +0.4
IYY iShares Dow Jones U.S. ETF 47.0 20 14 4.7 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 46.4 2 32 4.9 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 46.2 7 27 4.9 +0.4
VTHR Vanguard Russell 3000 Index Fund 46.0 10 24 4.7 +0.2
VV Vanguard Large-Cap Index Fund 45.9 4 30 4.9 +0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 45.4 30 4 4.7 +0.2
IWV iShares Russell 3000 ETF 45.0 20 14 4.6 +0.1
SCHB Schwab U.S. Broad Market ETF 44.9 3 31 4.8 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 44.7 3 31 4.7 +0.2
ESGV Vanguard ESG U.S. Stock ETF 44.4 12 22 4.8 +0.3
JHML John Hancock Multifactor Large Cap ETF 44.4 29 5 5.1 +0.6
SPTM SPDR Portfolio Total Stock Market ETF 44.0 3 31 5.1 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 43.9 30 4 6.1 +1.6
VONE Vanguard Russell 1000 ETF 43.8 8 26 4.8 +0.3
VTI Vanguard Total Stock Market Index Fund 43.7 3 31 4.7 +0.2
HSPX Global X S&P 500 Covered Call ETF 43.6 60 -26 4.6 +0.1
PBP Invesco S&P 500 BuyWrite ETF 43.5 49 -15 4.7 +0.2
SPLG SPDR Portfolio Large Cap ETF 43.4 3 31 5.1 +0.6
IVV iShares Core S&P 500 ETF 43.4 3 31 5.1 +0.6
SPY SPDR S&P 500 ETF Trust 43.4 9 25 5.0 +0.5
VOO VANGUARD S&P 500 ETF 43.3 3 31 5.1 +0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 43.0 60 -26 4.7 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.8 20 14 5.0 +0.5
SFY SoFi Select 500 ETF 42.6 0 34 4.8 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 42.1 27 7 4.9 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.7 9 25 5.3 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 41.2 15 19 4.7 +0.2
SPXT ProShares S&P 500 Ex-Technology ETF 40.6 27 7 5.2 +0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 39.0 9 25 5.5 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 38.8 39 -5 6.2 +1.7
SPXN ProShares S&P 500 Ex-Financials ETF 38.3 27 7 4.7 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 37.9 15 19 5.5 +1.0
EPS WisdomTree U.S. Earnings 500 Fund 37.8 8 26 6.0 +1.5
EUSA iShares MSCI USA Equal Weighted ETF 37.7 15 19 5.6 +1.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.1 25 9 5.7 +1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.1 29 5 5.2 +0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 37.0 25 9 6.1 +1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 36.9 20 14 4.6 +0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 36.7 9 25 5.3 +0.8
SIZE iShares MSCI USA Size Factor ETF 36.6 15 19 5.5 +1.0
TOK iShares MSCI Kokusai ETF 36.6 25 9 5.2 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.4 25 9 6.1 +1.6
AVUS Avantis U.S. Equity ETF 36.0 15 19 5.2 +0.7
CATH Global X S&P 500 Catholic Values Custom ETF 35.8 29 5 4.8 +0.3
MGC Vanguard Mega Cap Index Fund 35.4 7 27 4.8 +0.3
VOOV Vanguard S&P 500 Value ETF 35.2 10 24 6.8 +2.3
IUS Invesco Strategic US ETF 35.2 19 15 5.8 +1.3
IUSV iShares Core S&P U.S. Value ETF 34.9 4 30 6.9 +2.4
IVE iShares S&P 500 Value ETF 34.8 18 16 6.7 +2.2
SPYV SPDR Portfolio S&P 500 Value ETF 34.8 4 30 6.8 +2.3
SCHV Schwab U.S. Large-Cap Value ETF 34.6 4 30 6.3 +1.8
URTH iShares MSCI World ETF 34.3 24 10 5.2 +0.7
IWL iShares Russell Top 200 ETF 34.1 15 19 4.7 +0.2
FEX First Trust Large Cap Core AlphaDEX Fund 34.0 60 -26 5.0 +0.5
IQSU IQ Candriam ESG US Equity ETF 33.9 9 25 4.8 +0.3
RSP Invesco S&P 500 Equal Weight ETF 33.8 20 14 5.9 +1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 33.7 35 -1 5.4 +0.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 33.7 35 -1 5.4 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 33.7 12 22 4.2 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 33.5 12 22 6.5 +2.0
RWL Invesco S&P 500 Revenue ETF 33.1 39 -5 6.6 +2.1
VONV Vanguard Russell 1000 Value Index Fund 33.0 8 26 6.5 +2.0
IWD iShares Russell 1000 Value ETF 32.9 19 15 6.3 +1.8
SPXV ProShares S&P 500 Ex-Health Care ETF 32.8 27 7 4.7 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 32.7 0 34 4.8 +0.3
EXT WisdomTree U.S. Total Earnings Fund 32.5 28 6 5.2 +0.7
SNPE Xtrackers S&P 500 ESG ETF 32.5 10 24 4.8 +0.3
EFIV SPDR S&P 500 ESG ETF 32.4 10 24 4.8 +0.3
ROUS Hartford Multifactor US Equity ETF 32.1 19 15 6.2 +1.7
DTD WisdomTree U.S.Total Dividend Fund 31.5 28 6 6.3 +1.8
AFLG First Trust Active Factor Large Cap ETF 31.2 55 -21 4.9 +0.4
FLQL Franklin LibertyQ U.S. Equity ETF 31.1 15 19 5.9 +1.4
RNLC Large Cap US Equity Select ETF 30.8 60 -26 5.6 +1.1
DIVB iShares U.S. Dividend & Buyback ETF 30.6 25 9 6.3 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 30.6 32 2 4.8 +0.3
ACWI iShares MSCI ACWI ETF 30.5 32 2 5.4 +0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 30.4 35 -1 5.2 +0.7
VTV Vanguard Value Index Fund 30.3 4 30 6.8 +2.3
DLN WisdomTree U.S. LargeCap Dividend Fund 30.2 28 6 6.1 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 30.2 20 14 5.6 +1.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 30.1 20 14 5.6 +1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 29.9 20 14 5.9 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 29.9 12 22 3.3 -1.2
EQAL Invesco Russell 1000 Equal Weight ETF 29.9 20 14 5.3 +0.8
USMV iShares Edge MSCI Min Vol USA ETF 29.7 15 19 5.4 +0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 29.5 60 -26 3.9 -0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 29.3 61 -27 2.4 -2.1
IUSG iShares Core S&P US Growth ETF 29.3 4 30 4.2 -0.3
VOOG Vanguard S&P 500 Growth ETF 29.1 10 24 4.2 -0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 29.0 17 17 6.0 +1.5
QWLD SPDR MSCI World StrategicFactors ETF 29.0 30 4 5.7 +1.2
IWF iShares Russell 1000 Growth ETF 28.8 19 15 3.7 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 28.7 4 30 4.2 -0.3
IVW iShares S&P 500 Growth ETF 28.7 18 16 4.1 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 28.5 8 26 3.8 -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:
Nationwide Maximum Diversification US Core Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.6 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 34 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.50
 
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.