Nuveen ESG Small-Cap ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
35.3x P/Sales
ratio
1.2x
P/BV
ratio
2.0x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG Small-Cap ETF tracks a multi-factor-weighted index of small-cap companies listed on US exchanges. Holdings are screened for environmental, social, and governance criteria.

FUND BASICS
Category US Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Dec 13, 2016
Assets (mns) $268
Currency USD
Expense ratio 40 bp
Distributions Annually

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 644
Wgt avg mkt cap (mns) $3,828
Large cap (>$10bn) 4.1%
Mid cap ($2-10bn) 65.3%
Small cap (<$2bn) 30.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENTEGRIS INC 1.2 %
POOL CORP 1.0 %
QUIDEL CORP 0.9 %
SERVICE CORP INTERNATIONAL 0.9 %
FIRST AMERICAN FINANCIAL 0.9 %
GENERAC HOLDINGS INC 0.8 %
ONE GAS INC 0.7 %
COUPA SOFTWARE, INC. 0.7 %
REPLIGEN CORP 0.7 %
TORO CO 0.7 %
Total 8.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BERMUDA 0.7 %
BRITAIN 0.4 %
IRELAND 0.4 %
NETHERLANDS 0.3 %
PUERTO RICO 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.0% -3.4% -- -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 1.28 90%
MSCI EAFE 1.30 80%
MSCI Emg. Mkts. 0.96 66%

Technical Indicators
Recent close $27.91
30d moving avg. $25.14
Annualized volatility 22.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 56
Turnover 0.6%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $22,588

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Nuveen ESG Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with NUSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NUSC Expense: 40 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUSC
Ticker Fund
Name
Overlap1
vs NUSC
(%)
Expense
ratio
(bp)
Savings
vs NUSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs NUSC
(%)
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 56.7 17 23 4.8 -0.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 41.7 6 34 5.0 +0.1
SCHA Schwab U.S. Small-Cap ETF 36.5 4 36 4.7 -0.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 35.3 39 1 6.1 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 35.2 7 33 5.4 +0.6
VB Vanguard Small-Cap ETF 34.9 5 35 5.4 +0.5
IWM iShares Russell 2000 ETF 32.4 19 21 3.5 -1.3
VTWO Vanguard Russell 2000 Index Fund 31.6 10 30 3.6 -1.3
VBK Vanguard Small-Cap Growth Index Fund 30.6 7 33 2.5 -2.3
MDY SPDR S&P Midcap 400 ETF Trust 29.9 23 17 6.1 +1.2
IJH iShares Core S&P Mid-Cap ETF 29.9 6 34 6.2 +1.4
SPMD SPDR Portfolio Mid Cap ETF 29.9 5 35 6.2 +1.4
VBR Vanguard Small Cap Value Index Fund 29.5 7 33 8.1 +3.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 29.4 20 20 5.9 +1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 29.4 10 30 6.1 +1.2
FSMD Fidelity Small-Mid Factor ETF 29.1 29 11 6.8 +2.0
IWO iShares Russell 2000 Growth ETF 28.5 24 16 0.7 -4.1
VTWG Vanguard Russell 2000 Growth Index Fund 28.0 15 25 0.8 -4.0
SFYX Sofi Next 500 ETF 27.9 0 40 5.9 +1.0
FNX First Trust Mid Cap Core AlphaDEX Fund 27.6 61 -21 6.4 +1.6
VXF Vanguard Extended Market Index Fund 27.4 7 33 3.8 -1.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 27.3 70 -30 2.1 -2.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 27.3 40 0 6.5 +1.6
IUSS Invesco Strategic US Small Company ETF 26.9 23 17 5.8 +0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 26.9 29 11 5.8 +0.9
JHSC John Hancock Multifactor Small Cap ETF 26.3 50 -10 5.7 +0.8
EZM WisdomTree U.S. MidCap Earnings Fund 25.8 38 2 8.8 +3.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 25.7 25 15 6.2 +1.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 25.0 24 16 7.5 +2.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 24.9 39 1 4.2 -0.6
IJK iShares S&P Mid-Cap 400 Growth ETF 23.2 24 16 4.7 -0.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 23.2 15 25 4.8 -0.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 22.9 15 25 4.6 -0.2
IWN iShares Russell 2000 Value ETF 22.7 24 16 6.9 +2.0
SMDY Syntax Stratified MidCap ETF 22.5 30 10 6.1 +1.2
VTWV Vanguard Russell 2000 Value Index Fund 22.5 15 25 7.0 +2.1
IJR iShares Core S&P Small Cap ETF 22.0 7 33 6.7 +1.9
SLY SPDR S&P 600 Small Cap ETF 22.0 15 25 6.7 +1.8
SPSM SPDR Portfolio Small Cap ETF 22.0 5 35 6.8 +1.9
MDYV SPDR S&P 400 Mid Cap Value ETF 21.9 15 25 8.0 +3.1
IJJ iShares S&P Mid-Cap 400 Value ETF 21.8 25 15 7.9 +3.0
VIOO Vanguard S&P Small-Cap 600 ETF 21.8 10 30 6.7 +1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 21.8 15 25 8.1 +3.2
JKK iShares Morningstar Small-Cap Growth ETF 21.7 30 10 1.4 -3.5
AFSM First Trust Active Factor Small Cap ETF 21.7 75 -35 5.6 +0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 21.5 30 10 7.4 +2.6
SCHM Schwab U.S. Mid-Cap ETF 21.1 4 36 6.2 +1.3
RNMC Mid Cap US Equity Select ETF 21.1 60 -20 7.5 +2.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 20.1 66 -26 2.6 -2.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.7 20 20 9.1 +4.2
RWK Invesco S&P MidCap 400 Revenue ETF 19.0 39 1 7.2 +2.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 18.8 35 5 6.1 +1.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 18.8 40 0 5.9 +1.1
ISMD Inspire Small/Mid Cap Impact ETF 18.5 61 -21 6.6 +1.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 18.5 29 11 1.8 -3.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.4 20 20 6.0 +1.1
FYX First Trust Small Cap Core AlphaDEX Fund 18.2 63 -23 6.2 +1.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 17.9 35 5 8.0 +3.1
AFMC First Trust Active Factor Mid Cap ETF 17.9 65 -25 6.0 +1.2
TPSC Timothy Plan US Small Cap Core ETF 17.5 52 -12 7.5 +2.6
JKJ iShares Morningstar Small-Cap ETF 17.3 25 15 6.3 +1.4
CSML IQ Chaikin U.S. Small Cap ETF 17.1 35 5 4.5 -0.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 16.6 35 5 8.1 +3.2
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 16.4 48 -8 6.2 +1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 15.9 13 27 3.4 -1.5
VFQY Vanguard U.S. Quality Factor ETF 15.5 13 27 5.9 +1.0
PSC Principal U.S. Small Cap Index ETF 15.4 38 2 6.8 +1.9
VFMO Vanguard U.S. Momentum Factor ETF 15.3 13 27 2.1 -2.7
DON WisdomTree U.S. MidCap Dividend Fund 15.3 38 2 7.4 +2.5
DES WisdomTree U.S. SmallCap Dividend Fund 15.3 38 2 8.2 +3.4
TUSA First Trust Total US Market AlphaDEX ETF 15.2 70 -30 5.9 +1.0
IJT iShares S&P Small-Cap 600 Growth ETF 15.0 25 15 5.0 +0.2
SLYG SPDR S&P 600 Small Cap Growth ETF 15.0 15 25 5.1 +0.3
SLYV SPDR S&P 600 Small Cap Value ETF 15.0 15 25 8.6 +3.8
IJS iShares S&P Small-cap 600 Value ETF 15.0 25 15 8.5 +3.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 15.0 16 24 5.1 +0.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 15.0 15 25 8.5 +3.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 14.7 39 1 6.5 +1.6
EES WisdomTree SmallCap Earnings Fund 14.6 38 2 10.7 +5.9
SMMD iShares Russell 2500 ETF 14.4 15 25 5.4 +0.5
JKL iShares Morningstar Small Cap Value ETF 14.4 30 10 9.2 +4.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.0 35 5 5.2 +0.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 13.9 12 28 7.7 +2.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 13.8 29 11 9.6 +4.7
RNSC Small Cap US Equity Select ETF 13.7 60 -20 7.2 +2.3
VFMF Vanguard U.S. Multifactor ETF 13.0 18 22 7.2 +2.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 13.0 35 5 3.7 -1.2
FYC First Trust Small Cap Growth AlphaDEX Fund 12.9 70 -30 2.5 -2.4
JHMM John Hancock Multifactor Mid Cap ETF 12.9 44 -4 5.6 +0.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 12.8 80 -40 5.4 +0.6
VFVA Vanguard U.S. Value Factor ETF 12.5 13 27 11.2 +6.3
XMMO Invesco S&P MidCap Momentum ETF 12.1 39 1 4.3 -0.5
EQAL Invesco Russell 1000 Equal Weight ETF 12.0 20 20 4.9 +0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 11.9 70 -30 9.8 +5.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 11.9 29 11 6.5 +1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 11.7 71 -31 8.9 +4.0
AVUV Avantis U.S. Small Cap Value ETF 11.5 25 15 8.4 +3.5
BFOR Barron's 400 ETF 11.3 66 -26 6.2 +1.3
ETHO Etho Climate Leadership U.S. ETF 10.5 47 -7 4.3 -0.5
DWAS Invesco DWA SmallCap Momentum ETF 10.4 60 -20 -1.1 -5.9

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:
Nuveen ESG Small-Cap 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 10.3 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.53
 
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.