Nationwide Risk-Managed Income ETF
ALTAR
Score™
3.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
31.8x P/Sales
ratio
4.4x
P/BV
ratio
6.5x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection.

FUND BASICS
Category US Equities
Fund Sponsor Nationwide Mutual Insurance
Website nationwidefinancial.com
Inception date Dec 19, 2019
Assets (mns) $67
Currency USD
Expense ratio 68 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 104
Wgt avg mkt cap (mns) $714,989
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 98.3%
Emerging mkts 1.7%

TOP TEN HOLDINGS
APPLE INC 12.3 %
MICROSOFT CORP 12.0 %
AMAZON.COM INC 10.7 %
FACEBOOK 4.2 %
ALPHABET INC. CLASS A 3.8 %
ALPHABET INC. CLASS C 3.7 %
INTEL CORP 2.6 %
NVIDIA CORP 2.3 %
ADOBE SYSTEMS INC 2.1 %
PAYPAL HOLDINGS INC 2.0 %
Total 55.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
CHINA 1.3 %
NETHERLANDS 0.6 %
ARGENTINA 0.5 %
ISRAEL 0.2 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
9.7% -- -- -- 9.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $27.42
30d moving avg. $26.91
Annualized volatility 0.0%
Short interest (ETF) 2.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 55
Turnover 2.2%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $136,428

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Nationwide Risk-Managed Income ETF ETF based on the alternatives' overlap in portfolio holdings with NUSI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NUSI Expense: 68 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUSI
Ticker Fund
Name
Overlap1
vs NUSI
(%)
Expense
ratio
(bp)
Savings
vs NUSI
(bp)
ALTAR
Score™
(%)
ALTAR
vs NUSI
(%)
QYLD Global X NASDAQ 100 Covered Call ETF 101.4 60 8 3.5 +0.0
QQQ Invesco QQQ Trust 99.6 20 48 3.9 +0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 76.4 21 47 3.0 -0.5
IGM iShares Expanded Tech Sector ETF 65.8 46 22 3.8 +0.4
MGK Vanguard Mega Cap Growth ETF 65.7 7 61 4.2 +0.7
IETC iShares Evolved U.S. Technology ETF 65.1 18 50 3.8 +0.4
IWY iShares Russell Top 200 Growth ETF 64.1 20 48 4.2 +0.7
TMFC Motley Fool 100 Index ETF 61.1 50 18 3.8 +0.3
VUG Vanguard Growth Index Fund 59.4 4 64 4.1 +0.6
VOOG Vanguard S&P 500 Growth ETF 58.2 10 58 4.3 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 57.9 4 64 4.4 +0.9
IVW iShares S&P 500 Growth ETF 57.8 18 50 4.2 +0.8
IYW iShares U.S. Technology ETF 57.5 42 26 4.0 +0.6
IWF iShares Russell 1000 Growth ETF 56.4 19 49 4.2 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 55.8 8 60 4.3 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 55.7 49 19 4.1 +0.7
IUSG iShares Core S&P US Growth ETF 54.7 4 64 4.4 +0.9
SCHG Schwab U.S. Large-Cap Growth ETF 54.4 4 64 4.2 +0.7
XLG Invesco S&P 500 Top 50 ETF 54.2 20 48 4.5 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 53.7 60 8 4.4 +1.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 49.2 59 9 4.2 +0.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 49.2 35 33 4.4 +1.0
FTEC Fidelity MSCI Information Technology Index ETF 48.9 8 60 4.6 +1.1
VGT Vanguard Information Technology Index Fund 48.8 10 58 4.6 +1.1
SYG SPDR MFS Systematic Growth Equity ETF 48.5 60 8 4.3 +0.9
OEF iShares S&P 100 ETF 48.4 20 48 4.8 +1.4
IQSU IQ Candriam ESG US Equity ETF 47.9 9 59 5.1 +1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 47.6 12 56 5.0 +1.5
XLK Technology Select Sector SPDR Fund 47.4 13 55 4.8 +1.3
IXN iShares Global Tech ETF 47.3 46 22 4.5 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 45.6 27 41 5.0 +1.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 45.5 15 53 4.2 +0.7
IWL iShares Russell Top 200 ETF 44.9 15 53 5.1 +1.6
BKLC BNY Mellon US Large Cap Core Equity ETF 44.2 0 68 5.3 +1.8
SNPE Xtrackers S&P 500 ESG ETF 44.0 11 57 5.2 +1.7
ESG FlexShares STOXX US ESG Impact Index Fund 43.7 32 36 5.1 +1.7
SPXV ProShares S&P 500 Ex-Health Care ETF 43.5 27 41 5.1 +1.6
MGC Vanguard Mega Cap Index Fund 43.3 7 61 5.3 +1.8
VEGN US Vegan Climate ETF 42.3 60 8 5.2 +1.8
CATH Global X S&P 500 Catholic Values Custom ETF 41.9 29 39 5.3 +1.8
IOO iShares Global 100 ETF 41.5 40 28 4.7 +1.3
ESGV Vanguard ESG U.S. Stock ETF 41.2 12 56 5.2 +1.8
SPXE ProShares S&P 500 Ex-Energy ETF 40.9 27 41 5.4 +1.9
DSI iShares MSCI KLD 400 Social ETF 40.8 25 43 5.2 +1.7
TECB iShares US Tech Breakthrough Multisector ETF 40.8 40 28 4.0 +0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 40.7 20 48 5.4 +2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.7 7 61 5.3 +1.8
HIPR Direxion High Growth ETF 40.6 40 28 2.9 -0.6
PBP Invesco S&P 500 BuyWrite ETF 40.3 49 19 5.0 +1.6
JKE iShares Morningstar Large-Cap Growth ETF 40.1 25 43 2.9 -0.6
SPY SPDR S&P 500 ETF Trust 39.9 9 59 5.4 +1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.9 20 48 5.0 +1.6
VOO VANGUARD S&P 500 ETF 39.9 3 65 5.5 +2.0
IVV iShares Core S&P 500 ETF 39.8 4 64 5.5 +2.0
SPLG SPDR Portfolio Large Cap ETF 39.8 3 65 5.5 +2.0
JOYY Infusive Compounding Global Equities ETF 39.6 50 18 3.8 +0.4
HSPX Global X S&P 500 Covered Call ETF 39.5 65 3 4.9 +1.4
LRGE ClearBridge Large Cap Growth ESG ETF 39.5 59 9 3.8 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 39.4 15 53 5.2 +1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 39.4 2 66 5.4 +1.9
VV Vanguard Large-Cap Index Fund 39.4 4 64 5.3 +1.9
PBUS Invesco PureBeta MSCI USA ETF 39.2 4 64 5.3 +1.9
STLG iShares Factors US Growth Style ETF 38.8 25 43 3.7 +0.3
SYE SPDR MFS Systematic Core Equity ETF 38.8 60 8 5.7 +2.2
SCHX Schwab U.S. Large-Cap ETF 38.1 3 65 5.3 +1.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 37.8 9 59 5.6 +2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.5 75 -7 3.8 +0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.3 19 49 5.7 +2.2
XNTK SPDR NYSE Technology ETF 37.1 35 33 3.7 +0.2
IWB iShares Russell 1000 ETF 37.1 15 53 5.2 +1.8
VONE Vanguard Russell 1000 ETF 37.0 8 60 5.3 +1.9
SCHK Schwab 1000 Index ETF 36.8 5 63 5.3 +1.9
FDMO Fidelity Momentum Factor ETF 36.7 29 39 3.9 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.7 15 53 6.3 +2.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 36.7 10 58 5.3 +1.9
NACP Impact Shares NAACP Minority Empowerment ETF 36.6 75 -7 4.6 +1.2
SPTM SPDR Portfolio Total Stock Market ETF 36.6 3 65 5.6 +2.1
IYY iShares Dow Jones U.S. ETF 36.5 20 48 5.2 +1.8
SUSL iShares ESG MSCI USA Leaders ETF 36.4 10 58 5.3 +1.9
SPMO Invesco S&P 500 Momentum ETF 36.1 13 55 4.4 +1.0
SFY SoFi Select 500 ETF 36.0 0 68 5.3 +1.8
EXT WisdomTree U.S. Total Earnings Fund 35.6 28 40 5.3 +1.8
RECS Columbia Research Enhanced Core ETF 35.5 15 53 5.7 +2.2
ADME Aptus Drawdown Managed Equity ETF 35.5 81 -13 3.6 +0.1
SCHB Schwab U.S. Broad Market ETF 35.0 3 65 5.3 +1.8
IWV iShares Russell 3000 ETF 34.9 20 48 5.1 +1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.8 3 65 5.2 +1.8
VTHR Vanguard Russell 3000 Index Fund 34.8 10 58 5.2 +1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 34.7 75 -7 4.6 +1.1
HLAL Wahed FTSE USA Shariah ETF 34.5 50 18 4.7 +1.2
VTI Vanguard Total Stock Market Index Fund 34.5 3 65 5.2 +1.8
JQUA JPMorgan U.S. Quality Factor ETF 34.3 12 56 5.3 +1.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 34.2 60 8 3.7 +0.2
FQAL Fidelity Quality Factor ETF 33.8 29 39 5.5 +2.1
JHMT John Hancock Multifactor Technology ETF 33.7 40 28 5.0 +1.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 33.6 12 56 4.9 +1.4
EPS WisdomTree U.S. Earnings 500 Fund 33.5 8 60 6.5 +3.1
FVAL Fidelity Value Factor ETF 33.1 29 39 8.1 +4.7
QLC FlexShares US Quality Large Cap Index Fund 32.8 32 36 5.4 +1.9
CACG ClearBridge All Cap Growth ETF 32.3 54 14 4.4 +1.0

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Risk-Managed Income ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.3 %
Divided by: Fwd. P/BV 5.9 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.