Nuveen ESG Small-Cap ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
41.3x P/Sales
ratio
1.6x
P/BV
ratio
2.5x Div.
yield
1.4%


  • 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) $612
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 640
Wgt avg mkt cap (mns) $4,406
Large cap (>$10bn) 5.4%
Mid cap ($2-10bn) 74.2%
Small cap (<$2bn) 18.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DARLING INTERNATIONAL INC 1.1 %
DXC TECHNOLOGY CO. 0.7 %
WEX INC 0.7 %
BRIGHT HORIZONS FAMILY SOLUT 0.7 %
TORO CO 0.6 %
SITEONE LANDSCAPE SUPPLY, INC. 0.6 %
FIRST SOLAR INC 0.6 %
UNIVERSAL DISPLAY CORP 0.6 %
NEXTERA ENERGY PARTNERS LP 0.6 %
TECHNIPFMC PLC 0.6 %
Total 6.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.4 %
BRITAIN 1.2 %
BERMUDA 0.9 %
PUERTO RICO 0.4 %
NETHERLANDS 0.2 %
IRELAND 0.1 %
SINGAPORE 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.7% 23.7% -- -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 1.24 87%
MSCI EAFE 1.20 80%
MSCI Emg. Mkts. 1.01 71%

Technical Indicators
Recent close $40.78
30d moving avg. $38.62
Annualized volatility 25.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 98
Turnover 0.7%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $24,130

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.0%


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 44.4 17 23 4.1 +0.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 34.5 6 34 4.1 +0.0
BKSE BNY Mellon US Small Cap Core Equity ETF 31.0 4 36 4.7 +0.7
SCHA Schwab U.S. Small-Cap ETF 29.4 4 36 3.6 -0.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 27.4 7 33 3.9 -0.1
VBR Vanguard Small Cap Value Index Fund 27.4 7 33 6.4 +2.4
MDY SPDR S&P Midcap 400 ETF Trust 27.3 23 17 5.2 +1.2
SPMD SPDR Portfolio Mid Cap ETF 27.3 5 35 5.4 +1.3
IJH iShares Core S&P Mid-Cap ETF 27.2 5 35 5.4 +1.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 27.0 40 0 5.7 +1.7
IVOO Vanguard S&P Mid-Cap 400 ETF 26.8 10 30 5.3 +1.3
VTWO Vanguard Russell 2000 Index Fund 26.4 10 30 2.7 -1.3
VB Vanguard Small-Cap ETF 26.4 5 35 4.5 +0.4
EZM WisdomTree U.S. MidCap Earnings Fund 26.4 38 2 7.6 +3.6
FSMD Fidelity Small-Mid Factor ETF 26.4 29 11 5.3 +1.3
JHSC John Hancock Multifactor Small Cap ETF 25.0 42 -2 4.6 +0.5
IWM iShares Russell 2000 ETF 25.0 19 21 2.5 -1.5
SFYX Sofi Next 500 ETF 24.3 0 40 4.9 +0.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 23.8 20 20 3.9 -0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 23.6 61 -21 5.1 +1.1
IUSS Invesco Strategic US Small Company ETF 22.7 23 17 3.7 -0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 22.7 25 15 4.8 +0.8
SMDY Syntax Stratified MidCap ETF 22.5 30 10 5.2 +1.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 22.1 9 31 3.3 -0.7
MDYV SPDR S&P 400 Mid Cap Value ETF 21.7 15 25 6.9 +2.9
IJJ iShares S&P Mid-Cap 400 Value ETF 21.7 18 22 6.9 +2.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.7 24 16 5.0 +1.0
SLY SPDR S&P 600 Small Cap ETF 21.5 15 25 5.6 +1.6
SPSM SPDR Portfolio Small Cap ETF 21.5 5 35 5.7 +1.7
IJR iShares Core S&P Small Cap ETF 21.5 6 34 5.7 +1.6
VIOO Vanguard S&P Small-Cap 600 ETF 21.4 10 30 5.6 +1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 21.2 29 11 4.3 +0.3
RNMC Mid Cap US Equity Select ETF 21.1 60 -20 6.1 +2.1
VBK Vanguard Small-Cap Growth Index Fund 20.9 7 33 1.9 -2.1
IWN iShares Russell 2000 Value ETF 20.8 24 16 5.1 +1.0
JKJ iShares Morningstar Small-Cap ETF 20.4 25 15 5.1 +1.1
SCHM Schwab U.S. Mid-Cap ETF 20.3 4 36 5.0 +1.0
IWO iShares Russell 2000 Growth ETF 20.3 24 16 -0.1 -4.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 20.2 20 20 7.1 +3.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 20.0 39 1 3.5 -0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 19.8 15 25 6.7 +2.7
DON WisdomTree U.S. MidCap Dividend Fund 19.7 38 2 6.7 +2.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 19.4 15 25 4.2 +0.2
RWK Invesco S&P MidCap 400 Revenue ETF 19.3 39 1 6.4 +2.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 19.3 30 10 6.1 +2.1
VTWG Vanguard Russell 2000 Growth Index Fund 19.1 15 25 0.1 -4.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 18.9 15 25 3.8 -0.2
IJK iShares S&P Mid-Cap 400 Growth ETF 18.9 17 23 3.8 -0.3
VXF Vanguard Extended Market Index Fund 18.8 6 34 2.5 -1.5
VTWV Vanguard Russell 2000 Value Index Fund 18.8 15 25 5.2 +1.2
PSC Principal U.S. Small Cap Index ETF 18.6 38 2 4.6 +0.6
AFSM First Trust Active Factor Small Cap ETF 18.5 77 -37 4.4 +0.4
FYX First Trust Small Cap Core AlphaDEX Fund 18.3 63 -23 5.5 +1.5
STSB iShares Factors US Small Blend Style ETF 18.0 35 5 3.0 -1.1
JKL iShares Morningstar Small Cap Value ETF 18.0 30 10 7.6 +3.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 17.9 70 -30 1.6 -2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 17.8 39 1 4.0 +0.0
AFMC First Trust Active Factor Mid Cap ETF 17.6 65 -25 5.3 +1.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 17.6 40 0 5.2 +1.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 17.6 35 5 5.0 +1.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 17.1 35 5 6.0 +2.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 17.1 35 5 6.0 +2.0
ISMD Inspire Small/Mid Cap Impact ETF 16.9 60 -20 4.3 +0.3
RNSC Small Cap US Equity Select ETF 16.7 60 -20 6.0 +2.0
TPSC Timothy Plan US Small Cap Core ETF 16.5 52 -12 5.7 +1.7
CSML IQ Chaikin U.S. Small Cap ETF 16.3 35 5 2.8 -1.2
JKK iShares Morningstar Small-Cap Growth ETF 16.0 30 10 0.6 -3.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 15.8 29 11 -0.3 -4.3
VFQY Vanguard U.S. Quality Factor ETF 15.8 13 27 5.3 +1.3
AVUV Avantis U.S. Small Cap Value ETF 15.4 25 15 6.4 +2.3
SLYG SPDR S&P 600 Small Cap Growth ETF 15.3 15 25 4.5 +0.5
IJT iShares S&P Small-Cap 600 Growth ETF 14.9 18 22 4.4 +0.4
FNK First Trust Mid Cap Value AlphaDEX Fund 14.9 70 -30 7.8 +3.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 14.7 39 1 5.5 +1.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 14.6 66 -26 1.8 -2.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 14.4 15 25 6.9 +2.9
VFVA Vanguard U.S. Value Factor ETF 14.3 14 26 8.5 +4.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 14.2 16 24 4.4 +0.4
SSLY Syntax Stratified SmallCap ETF 14.2 30 10 5.0 +1.0
SMMD iShares Russell 2500 ETF 13.9 15 25 4.7 +0.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 13.8 12 28 6.1 +2.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.7 20 20 3.7 -0.3
IJS iShares S&P Small-cap 600 Value ETF 13.5 18 22 6.8 +2.8
SLYV SPDR S&P 600 Small Cap Value ETF 13.5 15 25 7.0 +2.9
VFMF Vanguard U.S. Multifactor ETF 13.4 19 21 6.2 +2.2
VFLQ Vanguard U.S. Liquidity Factor ETF 13.2 14 26 3.5 -0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 13.0 71 -31 7.5 +3.5
TUSA First Trust Total US Market AlphaDEX ETF 12.8 70 -30 4.8 +0.8
JHMM John Hancock Multifactor Mid Cap ETF 12.6 42 -2 4.7 +0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 12.6 29 11 6.0 +2.0
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 12.4 29 11 4.9 +0.9
FYC First Trust Small Cap Growth AlphaDEX Fund 11.6 70 -30 1.8 -2.3
EQAL Invesco Russell 1000 Equal Weight ETF 11.6 20 20 5.0 +1.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 11.5 80 -40 4.7 +0.7
EES WisdomTree SmallCap Earnings Fund 11.4 38 2 7.6 +3.6
BFOR Barron's 400 ETF 11.4 65 -25 5.6 +1.6
FYT First Trust Small Cap Value AlphaDEX Fund 11.3 72 -32 8.0 +4.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 11.3 25 15 5.0 +0.9
DES WisdomTree U.S. SmallCap Dividend Fund 11.1 38 2 6.7 +2.6

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 10.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.