O'Shares FTSE US Quality Dividend ETF
ALTAR
Score™
6.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
2.0x
P/BV
ratio
3.4x Div.
yield
3.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
O'Shares FTSE U.S. Quality Dividend ETF seeks investment performance that correlates generally to price and yield before fees and expenses of the FTSE U.S. Qual/Vol/5% Capped Factor Index

FUND BASICS
Category US Equities
Fund Sponsor FFCM LLC
Website www.oshares.com
Inception date Jul 14, 2015
Assets (mns) $480
Currency USD
Expense ratio 48 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Foreside Fund Services
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 135
Wgt avg mkt cap (mns) $195,890
Large cap (>$10bn) 97.2%
Mid cap ($2-10bn) 2.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 5.3 %
APPLE INC 4.8 %
PROCTER & GAMBLE CO/THE 4.4 %
EXXON MOBIL CORP 4.1 %
PFIZER INC 3.3 %
HOME DEPOT INC 3.2 %
VERIZON COMMUNICATIONS INC 3.2 %
PEPSICO INC 3.1 %
INTEL CORP 3.1 %
MERCK & CO. INC. 3.0 %
Total 37.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 2.5 %
SWITZERLAND 0.4 %
BRITAIN 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.2% -11.4% -- -- 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.84 91%
MSCI EAFE 0.78 77%
MSCI Emg. Mkts. 0.57 60%

Technical Indicators
Recent close $30.12
30d moving avg. $30.48
Annualized volatility 13.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.9%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 185
Turnover 1.2%
Bid/Ask (% of price) 0.85%
ADV underlying (mns) $89,845

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the O'Shares FTSE US Quality Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with OUSA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OUSA Expense: 48 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OUSA
Ticker Fund
Name
Overlap1
vs OUSA
(%)
Expense
ratio
(bp)
Savings
vs OUSA
(bp)
ALTAR
Score™
(%)
ALTAR
vs OUSA
(%)
VYM Vanguard High Dividend Yield Index ETF 60.2 6 42 8.5 +1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 55.4 28 20 7.6 +1.0
SCHV Schwab U.S. Large-Cap Value ETF 55.1 4 44 8.6 +1.9
DGRO iShares Core Dividend Growth ETF 53.3 8 40 8.0 +1.3
MGV Vanguard Mega Cap Value ETF 51.6 7 41 8.5 +1.8
DTD WisdomTree U.S.Total Dividend Fund 51.1 28 20 8.1 +1.5
VTV Vanguard Value Index Fund 50.6 4 44 8.7 +2.1
JKF iShares Morningstar Large Cap Value ETF 48.7 25 23 9.1 +2.5
USDY Pacific Global US Equity Income ETF 48.5 29 19 10.0 +3.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.9 19 29 7.1 +0.5
SPHQ Invesco S&P 500 Quality ETF 47.6 15 33 6.1 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 47.4 29 19 9.2 +2.6
RAFE PIMCO RAFI ESG U.S. ETF 46.3 29 19 9.6 +2.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 46.1 12 36 6.0 -0.7
QDEF FlexShares Quality Dividend Defensive Index Fund 46.1 37 11 7.5 +0.9
FLQL Franklin LibertyQ U.S. Equity ETF 45.7 15 33 7.6 +1.0
PFM Invesco Dividend Achievers ETF 45.7 54 -6 6.1 -0.5
VOOV Vanguard S&P 500 Value ETF 45.4 15 33 8.7 +2.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 45.1 28 20 7.8 +1.2
IVE iShares S&P 500 Value ETF 45.1 18 30 8.7 +2.0
SPYV SPDR Portfolio S&P 500 Value ETF 45.0 4 44 8.8 +2.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 44.9 7 41 7.9 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 44.9 25 23 8.3 +1.7
EDOW First Trust Dow 30 Equal Weight ETF 44.6 50 -2 6.9 +0.3
FQAL Fidelity Quality Factor ETF 44.1 29 19 6.7 +0.0
QDF FlexShares Quality Dividend Index Fund 44.0 37 11 8.4 +1.8
QUS SPDR MSCI USA StrategicFactors ETF 43.1 15 33 6.9 +0.3
IUSV iShares Core S&P U.S. Value ETF 43.1 4 44 8.9 +2.3
JQUA JPMorgan U.S. Quality Factor ETF 43.1 12 36 6.3 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 42.6 25 23 7.9 +1.3
RECS Columbia Research Enhanced Core ETF 42.5 15 33 7.1 +0.4
OEF iShares S&P 100 ETF 42.4 20 28 6.0 -0.6
HDV iShares Core High Dividend ETF 42.0 8 40 7.8 +1.2
IWX iShares Russell Top 200 Value ETF 41.7 20 28 8.3 +1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 41.7 49 -1 5.1 -1.5
XLG Invesco S&P 500 Top 50 ETF 41.6 20 28 5.6 -1.0
SCHD Schwab U.S. Dividend Equity ETF 41.3 6 42 8.8 +2.2
IUS Invesco Strategic US ETF 41.1 19 29 7.5 +0.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 41.0 37 11 8.6 +2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 40.9 25 23 7.2 +0.6
HLAL Wahed FTSE USA Shariah ETF 40.5 50 -2 5.8 -0.8
FDLO Fidelity Low Volatility Factor ETF 40.5 29 19 6.2 -0.5
FDVV Fidelity Core Dividend ETF 40.3 29 19 9.3 +2.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.2 25 23 8.0 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 40.1 27 21 6.3 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 40.0 8 40 8.0 +1.4
DHS WisdomTree U.S. High Dividend Fund 39.9 38 10 10.0 +3.4
PBP Invesco S&P 500 BuyWrite ETF 39.7 49 -1 6.3 -0.4
HSPX Global X S&P 500 Covered Call ETF 39.2 65 -17 6.1 -0.5
IWL iShares Russell Top 200 ETF 39.0 15 33 6.3 -0.4
QUAL iShares MSCI Usa Quality Factor ETF 38.7 15 33 6.5 -0.1
ESG FlexShares STOXX US ESG Impact Index Fund 38.6 32 16 6.4 -0.2
MGC Vanguard Mega Cap Index Fund 38.6 7 41 6.5 -0.2
PRF Invesco FTSE RAFI US 1000 ETF 38.5 39 9 8.7 +2.1
REVS Columbia Research Enhanced Value ETF 38.0 19 29 9.4 +2.7
SNPE Xtrackers S&P 500 ESG ETF 38.0 11 37 6.5 -0.1
NACP Impact Shares NAACP Minority Empowerment ETF 37.7 75 -27 5.8 -0.8
SUSL iShares ESG MSCI USA Leaders ETF 37.6 10 38 6.6 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.6 10 38 6.6 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 37.5 75 -27 5.9 -0.8
VONV Vanguard Russell 1000 Value Index Fund 37.4 8 40 8.8 +2.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 37.3 29 19 8.0 +1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.1 29 19 7.7 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 36.9 20 28 6.3 -0.4
SPY SPDR S&P 500 ETF Trust 36.7 9 39 6.7 +0.1
VOO VANGUARD S&P 500 ETF 36.7 3 45 6.7 +0.1
SPLG SPDR Portfolio Large Cap ETF 36.6 3 45 6.8 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 36.6 15 33 6.3 -0.3
IWD iShares Russell 1000 Value ETF 36.6 19 29 8.7 +2.1
IVV iShares Core S&P 500 ETF 36.6 4 44 6.7 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 36.5 27 21 7.0 +0.3
IQSU IQ Candriam ESG US Equity ETF 36.5 9 39 6.3 -0.3
FVAL Fidelity Value Factor ETF 36.2 29 19 10.4 +3.8
DIA SPDR Dow Jones Industrial Average ETF Trust 36.0 16 32 6.9 +0.3
VV Vanguard Large-Cap Index Fund 36.0 4 44 6.6 -0.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 35.8 29 19 5.3 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.8 20 28 6.7 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 35.6 27 21 6.6 -0.0
AFLG First Trust Active Factor Large Cap ETF 35.5 55 -7 7.3 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.3 2 46 6.7 +0.1
PBUS Invesco PureBeta MSCI USA ETF 35.1 4 44 6.7 +0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 35.1 38 10 9.6 +3.0
CCOR Core Alternative ETF 35.1 123 -75 5.0 -1.6
DSI iShares MSCI KLD 400 Social ETF 35.0 25 23 6.4 -0.2
JKD iShares Morningstar Large-Cap ETF 34.9 20 28 7.1 +0.4
QLC FlexShares US Quality Large Cap Index Fund 34.8 32 16 7.0 +0.3
SCHX Schwab U.S. Large-Cap ETF 34.5 3 45 6.7 +0.0
DEW WisdomTree Global High Dividend Fund 34.5 58 -10 11.0 +4.4
ACIO Aptus Collared Income Opportunity ETF 34.3 79 -31 6.0 -0.7
VONE Vanguard Russell 1000 ETF 34.3 8 40 6.7 +0.0
USMV iShares Edge MSCI Min Vol USA ETF 34.2 15 33 6.5 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 34.1 3 45 6.9 +0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 34.0 30 18 7.5 +0.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 34.0 52 -4 7.4 +0.8
QLV FlexShares US Quality Low Volatility Index Fund 33.9 22 26 6.1 -0.6
DSTL Distillate US Fundamental Stability & Value ETF 33.8 39 9 7.3 +0.7
IWB iShares Russell 1000 ETF 33.7 15 33 6.6 -0.0
NULV Nuveen ESG Large-Cap Value ETF 33.6 35 13 8.9 +2.2
SCHK Schwab 1000 Index ETF 33.5 5 43 6.7 +0.0
ROUS Hartford Multifactor US Equity ETF 33.3 19 29 8.8 +2.1

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:
O'Shares FTSE US Quality Dividend 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 23.3 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.