Opus Small Cap Value Plus ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.2x P/Sales
ratio
1.9x
P/BV
ratio
2.6x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Opus Small Cap Value Plus ETF is an actively managed fund that selects US small-cap companies and REITs based on valuation plus quality and growth metrics. The fund seeks capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts
Website www.opusetfs.com
Inception date Jul 18, 2018
Assets (mns) $54
Currency USD
Expense ratio 79 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 74
Wgt avg mkt cap (mns) $4,608
Large cap (>$10bn) 14.8%
Mid cap ($2-10bn) 47.6%
Small cap (<$2bn) 37.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHEMED CORP 2.5 %
ENSIGN GROUP INC/THE 2.5 %
LOGITECH INTERNATIONAL-REG 2.4 %
POOL CORP 2.4 %
NEXTERA ENERGY PARTNERS LP 2.4 %
WATSCO INC 2.3 %
ALGONQUIN POWER & UTILITIES 2.0 %
TORO CO 2.0 %
NORDSON CORP 1.9 %
HASBRO INC 1.8 %
Total 22.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.6 %
ISRAEL 3.3 %
SWITZERLAND 2.4 %
CANADA 2.0 %
BRITAIN 1.6 %
COLOMBIA 0.9 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.3% -8.6% -- -- -2.9%

Market Correlations
versus... Beta R-squared
S&P500 1.10 91%
MSCI EAFE 1.24 94%
MSCI Emg. Mkts. 0.91 77%

Technical Indicators
Recent close $24.66
30d moving avg. $23.75
Annualized volatility 24.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.3%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $1,818

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: OSCV Expense: 79 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OSCV
Ticker Fund
Name
Overlap1
vs OSCV
(%)
Expense
ratio
(bp)
Savings
vs OSCV
(bp)
ALTAR
Score™
(%)
ALTAR
vs OSCV
(%)
XMLV Invesco S&P MidCap Low Volatility ETF 16.1 25 54 5.4 +0.1
RNMC Mid Cap US Equity Select ETF 11.9 60 19 7.3 +2.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 11.2 48 31 6.1 +0.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 11.2 15 64 4.8 -0.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.8 20 59 4.6 -0.7
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 10.8 41 38 6.0 +0.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.4 80 -1 5.6 +0.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 10.3 15 64 4.9 -0.4
IJK iShares S&P Mid-Cap 400 Growth ETF 10.3 24 55 4.8 -0.5
RNSC Small Cap US Equity Select ETF 9.9 60 19 6.8 +1.5
NUSC Nuveen ESG Small-Cap ETF 9.0 40 39 4.6 -0.6
IVOO Vanguard S&P Mid-Cap 400 ETF 8.6 10 69 6.1 +0.8
CZA Invesco Zacks Mid-Cap ETF 8.2 69 10 5.8 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 8.2 23 56 6.1 +0.9
SPMD SPDR Portfolio Mid Cap ETF 8.1 5 74 6.3 +1.1
IJH iShares Core S&P Mid-Cap ETF 8.1 5 74 6.3 +1.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.9 60 19 7.6 +2.3
DON WisdomTree U.S. MidCap Dividend Fund 7.8 38 41 7.3 +2.1
YLCO Global X YieldCo Index ETF 7.8 65 14 4.6 -0.7
XMMO Invesco S&P MidCap Momentum ETF 7.7 34 45 3.8 -1.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 7.4 38 41 8.3 +3.0
JSML Janus Henderson Small Cap Growth Alpha ETF 7.4 30 49 7.8 +2.6
FSMD Fidelity Small-Mid Factor ETF 7.3 29 50 6.1 +0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.1 30 49 7.4 +2.1
EZM WisdomTree U.S. MidCap Earnings Fund 7.1 38 41 8.4 +3.2
AFMC First Trust Active Factor Mid Cap ETF 7.1 65 14 6.1 +0.9
IJT iShares S&P Small-Cap 600 Growth ETF 7.1 25 54 5.3 +0.0
SLYG SPDR S&P 600 Small Cap Growth ETF 7.0 15 64 5.2 -0.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 6.9 35 44 3.8 -1.4
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 6.9 63 16 5.9 +0.6
PSCF Invesco S&P SmallCap Financials ETF 6.9 29 50 10.8 +5.5
XHS SPDR S&P Health Care Services ETF 6.8 35 44 4.0 -1.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 6.7 16 63 5.2 -0.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 6.7 7 72 5.0 -0.3
RWK Invesco S&P MidCap 400 Revenue ETF 6.6 39 40 7.8 +2.5
TMDV ProShares Russell US Dividend Growers ETF 6.6 36 43 5.5 +0.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 6.5 20 59 8.9 +3.6
EQWM Invesco S&P MidCap Quality ETF 6.4 25 54 6.1 +0.9
PSCI Invesco S&P SmallCap Industrials ETF 6.4 29 50 6.3 +1.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 6.4 30 49 5.4 +0.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.3 17 62 4.7 -0.6
SMDV ProShares Russell 2000 Dividend Growers ETF 6.2 41 38 6.3 +1.1
VAMO Cambria Value & Momentum ETF 6.2 63 16 5.9 +0.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 6.1 35 44 5.7 +0.4
JHMA John Hancock Multifactor Materials ETF 6.0 40 39 5.9 +0.7
KSCD KFA Small Cap Quality Dividend Index ETF 6.0 51 28 5.4 +0.2
SCHM Schwab U.S. Mid-Cap ETF 6.0 4 75 5.8 +0.5
TPLC Timothy Plan US Large Cap Core ETF 5.9 52 27 5.1 -0.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.8 6 73 5.0 -0.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 5.7 40 39 7.0 +1.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.7 30 49 5.4 +0.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.5 60 19 0.5 -4.8
AIRR First Trust RBA American Industrial Renaissance ETF 5.5 70 9 6.5 +1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 5.4 24 55 5.9 +0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 5.4 25 54 8.0 +2.7
PWC Invesco Dynamic Market ETF 5.4 58 21 5.7 +0.4
MDYV SPDR S&P 400 Mid Cap Value ETF 5.4 15 64 8.2 +2.9
JKJ iShares Morningstar Small-Cap ETF 5.3 25 54 6.2 +0.9
DES WisdomTree U.S. SmallCap Dividend Fund 5.3 38 41 8.2 +2.9
BFOR Barron's 400 ETF 5.2 65 14 6.3 +1.0
STMB iShares Factors US Mid Blend Style ETF 5.2 30 49 5.5 +0.2
RYJ Invesco Raymond James SB-1 Equity ETF 5.2 76 3 3.2 -2.0
VBK Vanguard Small-Cap Growth Index Fund 5.2 7 72 2.2 -3.1
ADME Aptus Drawdown Managed Equity ETF 5.2 79 0 3.3 -1.9
VSDA VictoryShares Dividend Accelerator ETF 5.2 35 44 4.6 -0.6
VBR Vanguard Small Cap Value Index Fund 5.1 7 72 7.8 +2.5
SFYX Sofi Next 500 ETF 5.1 0 79 5.7 +0.4
VB Vanguard Small-Cap ETF 5.0 5 74 5.1 -0.2
KLCD KFA Large Cap Quality Dividend Index ETF 5.0 42 37 5.3 +0.1
BUL Pacer US Cash Cows Growth ETF 5.0 60 19 6.7 +1.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 4.9 24 55 6.3 +1.1
XSLV Invesco S&P SmallCap Low Volatility ETF 4.9 25 54 5.4 +0.2
VIOO Vanguard S&P Small-Cap 600 ETF 4.9 10 69 6.7 +1.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 4.9 35 44 5.3 +0.0
PXSG Invesco S&P SmallCap Momentum ETF 4.9 39 40 3.7 -1.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 4.8 15 64 8.0 +2.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 4.8 15 64 3.6 -1.7
SPSM SPDR Portfolio Small Cap ETF 4.8 5 74 6.8 +1.5
SLY SPDR S&P 600 Small Cap ETF 4.8 15 64 6.7 +1.4
ITB iShares U.S. Home Construction ETF 4.8 42 37 7.7 +2.4
IJR iShares Core S&P Small Cap ETF 4.7 6 73 6.8 +1.6
DVLU First Trust Dorsey Wright Momentum & Value ETF 4.7 60 19 8.1 +2.9
PAVE Global X U.S. Infrastructure Development ETF 4.7 47 32 5.1 -0.2
SMDY Syntax Stratified MidCap ETF 4.6 30 49 6.5 +1.3
QABA First Trust NASDAQ ABA Community Bank Index Fund 4.6 60 19 9.6 +4.3
FNK First Trust Mid Cap Value AlphaDEX Fund 4.5 70 9 10.4 +5.1
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 4.4 35 44 7.6 +2.3
JKL iShares Morningstar Small Cap Value ETF 4.4 30 49 9.6 +4.4
FYC First Trust Small Cap Growth AlphaDEX Fund 4.3 70 9 1.8 -3.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 4.3 12 67 7.3 +2.1
FNX First Trust Mid Cap Core AlphaDEX Fund 4.3 61 18 6.2 +1.0
PY Principal Shareholder Yield Index ETF 4.2 15 64 8.9 +3.6
IUSS Invesco Strategic US Small Company ETF 4.2 23 56 5.0 -0.3
ROOF IQ US Real Estate Small Cap ETF 4.1 70 9 11.4 +6.1
JHMM John Hancock Multifactor Mid Cap ETF 4.1 42 37 5.3 +0.1
FFTY Innovator IBD 50 ETF 4.1 80 -1 4.4 -0.9
ACES ALPS Clean Energy ETF 4.1 65 14 0.6 -4.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 4.1 20 59 6.7 +1.4
TPHD Timothy Plan High Dividend Stock ETF 4.0 52 27 7.2 +1.9
HOMZ Hoya Capital Housing ETF 3.9 30 49 7.2 +2.0

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%.

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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:
Opus Small Cap Value Plus 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 14.8 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.