Nationwide Risk-Managed Income ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
4.6x
P/BV
ratio
6.4x Div.
yield
1.1%


  • 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) $131
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 103
Wgt avg mkt cap (mns) $754,641
Large cap (>$10bn) 99.8%
Mid cap ($2-10bn) 0.2%
Small cap (<$2bn) 0.0%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
APPLE INC 13.9 %
MICROSOFT CORP 11.1 %
AMAZON.COM INC 11.0 %
FACEBOOK 4.3 %
ALPHABET INC. CLASS A 3.5 %
ALPHABET INC. CLASS C 3.5 %
TESLA MOTORS INC 3.5 %
NVIDIA CORP 2.8 %
ADOBE SYSTEMS INC 2.1 %
PAYPAL HOLDINGS INC 2.0 %
Total 57.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %
CHINA 1.5 %
NETHERLANDS 0.5 %
ARGENTINA 0.4 %
ISRAEL 0.2 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.3% -- -- -- 15.3%

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

Technical Indicators
Recent close $25.69
30d moving avg. $27.09
Annualized volatility 0.0%
Short interest (ETF) 1.1%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 132
Turnover 2.6%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $6,533

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™: 5.5%


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 101.9 60 8 5.4 -0.0
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 99.9 60 8 5.3 -0.1
QQQ Invesco QQQ Trust 99.3 20 48 5.7 +0.2
MGK Vanguard Mega Cap Growth ETF 70.8 7 61 6.0 +0.6
IWY iShares Russell Top 200 Growth ETF 67.2 20 48 6.0 +0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 66.1 21 47 3.5 -2.0
IETC iShares Evolved U.S. Technology ETF 64.9 18 50 5.8 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 64.3 4 64 5.4 -0.0
IGM iShares Expanded Tech Sector ETF 64.0 46 22 5.2 -0.2
TMFC Motley Fool 100 Index ETF 61.9 50 18 5.1 -0.3
IWF iShares Russell 1000 Growth ETF 60.3 19 49 5.5 +0.0
VOOG Vanguard S&P 500 Growth ETF 59.9 10 58 5.7 +0.3
VUG Vanguard Growth Index Fund 59.1 4 64 5.5 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 58.5 8 60 5.6 +0.2
IVW iShares S&P 500 Growth ETF 58.3 18 50 5.6 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 58.2 4 64 5.8 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.2 49 19 5.6 +0.2
IYW iShares U.S. Technology ETF 56.4 43 25 7.1 +1.6
IUSG iShares Core S&P US Growth ETF 55.2 4 64 5.7 +0.3
XLG Invesco S&P 500 Top 50 ETF 55.2 20 48 5.8 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 55.1 60 8 5.3 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 53.0 12 56 6.1 +0.7
SPMO Invesco S&P 500 Momentum ETF 52.4 13 55 5.8 +0.3
HIPR Direxion High Growth ETF 51.3 40 28 6.8 +1.3
SYG SPDR MFS Systematic Growth Equity ETF 51.3 60 8 5.3 -0.1
OEF iShares S&P 100 ETF 49.6 20 48 5.8 +0.3
VGT Vanguard Information Technology Index Fund 48.9 10 58 7.9 +2.4
FTEC Fidelity MSCI Information Technology Index ETF 48.9 8 60 7.9 +2.4
IQSU IQ Candriam ESG US Equity ETF 48.5 9 59 6.1 +0.7
SPQQ Siren Large Cap Blend Index ETF 48.0 20 48 5.2 -0.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 47.7 59 9 4.2 -1.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 47.7 35 33 4.4 -1.0
XLK Technology Select Sector SPDR Fund 47.0 13 55 8.6 +3.1
IXN iShares Global Tech ETF 47.0 46 22 7.0 +1.5
IWL iShares Russell Top 200 ETF 46.7 15 53 5.7 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 46.6 0 68 6.0 +0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 46.4 15 53 5.0 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 46.1 27 41 5.7 +0.3
EFIV SPDR S&P 500 ESG ETF 45.9 10 58 6.0 +0.5
ESGV Vanguard ESG U.S. Stock ETF 45.7 12 56 5.8 +0.4
SNPE Xtrackers S&P 500 ESG ETF 45.7 10 58 5.9 +0.5
STLG iShares Factors US Growth Style ETF 45.2 25 43 6.1 +0.6
MGC Vanguard Mega Cap Index Fund 44.8 7 61 5.9 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 44.1 27 41 5.7 +0.3
IOO iShares Global 100 ETF 43.3 40 28 6.0 +0.5
VEGN US Vegan Climate ETF 43.2 60 8 5.7 +0.2
GBGR Global Beta Momentum-Growth ETF 42.8 29 39 4.3 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 42.6 29 39 5.8 +0.4
SFYF SoFi 50 ETF 42.3 29 39 2.7 -2.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 41.8 7 61 5.9 +0.4
PBP Invesco S&P 500 BuyWrite ETF 41.7 49 19 5.6 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 41.3 27 41 6.0 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 41.3 32 36 5.6 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 41.1 20 48 6.0 +0.5
ESGU iShares MSCI USA ESG Optimized ETF 40.9 15 53 5.7 +0.2
SYE SPDR MFS Systematic Core Equity ETF 40.9 60 8 6.5 +1.1
TECB iShares US Tech Breakthrough Multisector ETF 40.9 40 28 4.7 -0.8
HSPX Global X S&P 500 Covered Call ETF 40.9 60 8 5.5 +0.1
DSI iShares MSCI KLD 400 Social ETF 40.8 25 43 5.0 -0.4
JKE iShares Morningstar Large-Cap Growth ETF 40.7 25 43 2.8 -2.7
XYLG Global X S&P 500 Covered Call & Growth ETF 40.7 60 8 5.6 +0.2
IVV iShares Core S&P 500 ETF 40.6 3 65 6.0 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 40.6 20 48 5.6 +0.2
SPY SPDR S&P 500 ETF Trust 40.5 9 59 6.0 +0.5
FDMO Fidelity Momentum Factor ETF 40.5 29 39 4.1 -1.4
SPLG SPDR Portfolio Large Cap ETF 40.5 3 65 6.0 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.4 2 66 5.9 +0.4
PBUS Invesco PureBeta MSCI USA ETF 40.2 4 64 5.9 +0.4
VOO VANGUARD S&P 500 ETF 39.8 3 65 6.0 +0.6
VV Vanguard Large-Cap Index Fund 39.7 4 64 5.8 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.3 9 59 6.1 +0.7
SCHX Schwab U.S. Large-Cap ETF 38.9 3 65 5.9 +0.4
JOYY Infusive Compounding Global Equities ETF 38.4 50 18 6.1 +0.6
SCHK Schwab 1000 Index ETF 38.0 5 63 5.8 +0.4
IWB iShares Russell 1000 ETF 37.8 15 53 5.6 +0.2
IYY iShares Dow Jones U.S. ETF 37.7 20 48 5.7 +0.2
LRGE ClearBridge Large Cap Growth ESG ETF 37.5 59 9 4.4 -1.0
SPTM SPDR Portfolio Total Stock Market ETF 37.3 3 65 6.1 +0.6
XNTK SPDR NYSE Technology ETF 37.3 35 33 4.0 -1.5
VONE Vanguard Russell 1000 ETF 37.2 8 60 5.7 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.0 15 53 7.0 +1.6
SFY SoFi Select 500 ETF 36.9 0 68 5.5 +0.1
QLC FlexShares US Quality Large Cap Index Fund 36.8 32 36 5.9 +0.5
VTHR Vanguard Russell 3000 Index Fund 36.4 10 58 5.6 +0.1
SUSL iShares ESG MSCI USA Leaders ETF 36.3 10 58 5.2 -0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 36.3 10 58 5.2 -0.2
SCHB Schwab U.S. Broad Market ETF 35.8 3 65 5.7 +0.3
RECS Columbia Research Enhanced Core ETF 35.8 15 53 6.5 +1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 35.7 75 -7 4.1 -1.4
IWV iShares Russell 3000 ETF 35.7 20 48 5.5 +0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 35.6 3 65 5.7 +0.2
EXT WisdomTree U.S. Total Earnings Fund 35.2 28 40 6.0 +0.6
HLAL Wahed FTSE USA Shariah ETF 34.8 50 18 6.5 +1.0
ADME Aptus Drawdown Managed Equity ETF 34.8 79 -11 4.3 -1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.7 19 49 6.7 +1.2
VTI Vanguard Total Stock Market Index Fund 34.2 3 65 5.6 +0.1
MMLG First Trust Multi-Manager Large Growth ETF 34.2 85 -17 2.5 -2.9
EPS WisdomTree U.S. Earnings 500 Fund 34.1 8 60 7.1 +1.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 33.5 12 56 5.0 -0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 33.5 75 -7 5.0 -0.4

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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 33.2 %
Divided by: Fwd. P/BV 5.4 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.51
 
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.