Nationwide Nasdaq-100 Risk-Managed Income ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- 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. |
Category | US Equities |
Fund Sponsor | Nationwide Mutual Insurance |
Website | nationwidefinancial.com |
Inception date | Dec 19, 2019 |
Assets (mns) | $379 |
Currency | USD |
Expense ratio | 68 bp |
Distributions | Monthly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | Yes |
Options available | Yes |
No. of constituents | 107 |
Wgt avg mkt cap (mns) | $1,040,610 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 99.3% |
Emerging mkts | 0.7% |
APPLE INC | 9.0 % |
NVIDIA CORP | 7.8 % |
MICROSOFT CORP | 7.3 % |
BROADCOM INC. | 6.7 % |
AMAZON.COM INC | 5.1 % |
META PLATFORMS INC | 4.9 % |
TESLA MOTORS INC | 4.9 % |
ALPHABET INC. CLASS A | 2.6 % |
ALPHABET INC. CLASS C | 2.6 % |
COSTCO WHOLESALE CORP | 2.5 % | Total | 53.3 % |
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UNITED STATES | 97.4 % | |
BRITAIN | 1.8 % | |
NETHERLANDS | 0.7 % | |
ARGENTINA | 0.6 % | |
CHINA | 0.4 % | |
AUSTRALIA | 0.3 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
20.7% | 25.7% | -- | -- | 8.0% |
versus... | Beta | R-squared |
S&P500 | 0.70 | 62% |
MSCI EAFE | 0.54 | 36% |
MSCI Emg. Mkts. | 0.45 | 25% |
Recent close | $26.33 |
30d moving avg. | $26.19 |
Annualized volatility | 15.6% |
Short interest (ETF) | 0.1% |
Short interest (Underlying) | 1.7% |
Relative strength (RSI) | 51 |
Avg. volume (thou.) | 36 |
Turnover | 0.3% |
Bid/Ask (% of price) | 0.25% |
ADV underlying (mns) | $141,096 |
FINDING ALTERNATIVE FUNDS
Below is a list of 35 potential alternatives to the Nationwide Nasdaq-100 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™: | 4.0% |
Ticker | Fund Name |
Overlap1 vs NUSI (%) |
Expense ratio (bp) |
Savings vs NUSI (bp) |
ALTAR Score™ (%) |
ALTAR vs NUSI (%) |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 97.8 | 60 | 8 | 4.0 | +0.0 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 96.2 | 25 | 43 | 4.4 | +0.4 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 95.7 | 60 | 8 | 4.1 | +0.0 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 95.6 | 60 | 8 | 4.0 | -0.0 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 94.9 | 26 | 42 | 4.4 | +0.4 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 86.3 | 60 | 8 | 4.2 | +0.2 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 70.5 | 35 | 33 | 4.4 | +0.3 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 58.9 | 60 | 8 | 4.4 | +0.4 |
XTR | Global X S&P 500 Tail Risk ETF | 58.8 | 26 | 42 | 5.0 | +0.9 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 57.9 | 25 | 43 | 5.0 | +1.0 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 57.5 | 75 | -7 | 3.4 | -0.6 |
XYLD | Global X S&P 500 Covered Call ETF | 52.1 | 60 | 8 | 4.3 | +0.3 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 51.1 | 60 | 8 | 4.3 | +0.3 |
GARP | iShares MSCI USA Quality GARP ETF | 50.8 | 15 | 53 | 4.8 | +0.8 |
PBP | Invesco S&P 500 BuyWrite ETF | 50.7 | 49 | 19 | 4.5 | +0.4 |
SFLR | Innovator Equity Managed Floor ETF | 48.3 | 89 | -21 | 4.1 | +0.0 |
ACIO | Aptus Collared Investment Opportunity ETF | 48.0 | 79 | -11 | 4.1 | +0.1 |
MMLG | First Trust Multi-Manager Large Growth ETF | 45.9 | 85 | -17 | 1.9 | -2.1 |
XYLE | Global X S&P 500 ESG Covered Call ETF | 45.5 | 60 | 8 | 4.7 | +0.6 |
EFIV | SPDR S&P 500 ESG ETF | 43.9 | 10 | 58 | 5.1 | +1.1 |
FTHI | First Trust BuyWrite Income ETF | 42.0 | 75 | -7 | 4.8 | +0.7 |
QQQA | ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 39.1 | 58 | 10 | 3.8 | -0.2 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 36.1 | 60 | 8 | 4.6 | +0.5 |
THNQ | ROBO Global Artificial Intelligence ETF | 22.5 | 68 | 0 | 1.4 | -2.6 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 20.0 | 82 | -14 | 5.8 | +1.8 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 19.7 | 60 | 8 | 4.8 | +0.8 |
DJIA | Global X Dow 30 Covered Call ETF | 18.6 | 60 | 8 | 4.7 | +0.7 |
LCG | Sterling Capital Focus Equity ETF | 13.5 | 59 | 9 | 3.7 | -0.4 |
CCOR | Core Alternative ETF | 13.3 | 107 | -39 | 4.8 | +0.8 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 13.2 | 83 | -15 | 5.2 | +1.2 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 10.2 | 55 | 13 | 5.5 | +1.5 |
HYLG | Global X Health Care Covered Call & Growth ETF | 4.7 | 60 | 8 | 7.2 | +3.2 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 4.3 | 75 | -7 | 5.7 | +1.7 |
IDVO | Amplify International Enhanced Dividend Income ETF | 0.6 | 65 | 3 | 7.3 | +3.2 |
FYLG | Global X Financials Covered Call & Growth ETF | 0.5 | 60 | 8 | 4.9 | +0.8 |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Nationwide Nasdaq-100 Risk-Managed Income 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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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