O'Shares FTSE US Quality Dividend ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.1x P/Sales
ratio
2.5x
P/BV
ratio
4.0x Div.
yield
3.3%


  • 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) $529
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 134
Wgt avg mkt cap (mns) $288,808
Large cap (>$10bn) 98.1%
Mid cap ($2-10bn) 1.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.0 %
JOHNSON & JOHNSON 4.7 %
PROCTER & GAMBLE CO/THE 4.3 %
HOME DEPOT INC 3.8 %
EXXON MOBIL CORP 3.0 %
PFIZER INC 2.9 %
VERIZON COMMUNICATIONS INC 2.8 %
PEPSICO INC 2.7 %
MERCK & CO. INC. 2.6 %
CISCO SYSTEMS INC 2.3 %
Total 36.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.4 %
IRELAND 2.6 %
SWITZERLAND 0.4 %
BRITAIN 0.3 %







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.
0.8% 6.9% 12.0% -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.85 93%
MSCI EAFE 0.86 78%
MSCI Emg. Mkts. 0.62 63%

Technical Indicators
Recent close $36.26
30d moving avg. $36.50
Annualized volatility 15.7%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.9%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 52
Turnover 0.4%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $4,501

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™: 6.2%


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
(%)
DLN WisdomTree U.S. LargeCap Dividend Fund 54.7 28 20 6.8 +0.6
VYM Vanguard High Dividend Yield Index ETF 54.3 6 42 7.5 +1.3
DGRO iShares Core Dividend Growth ETF 52.0 8 40 6.9 +0.7
USDY Pacific Global US Equity Income ETF 50.6 29 19 7.2 +1.0
DTD WisdomTree U.S.Total Dividend Fund 50.6 28 20 7.0 +0.8
MGV Vanguard Mega Cap Value ETF 49.0 7 41 7.3 +1.1
PFM Invesco Dividend Achievers ETF 48.7 53 -5 5.4 -0.8
FDRR Fidelity Dividend ETF for Rising Rates 48.0 29 19 7.3 +1.1
QDEF FlexShares Quality Dividend Defensive Index Fund 46.7 37 11 6.5 +0.3
VTV Vanguard Value Index Fund 46.2 4 44 7.4 +1.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 44.9 28 20 7.0 +0.8
SCHV Schwab U.S. Large-Cap Value ETF 44.6 4 44 6.9 +0.6
DIVB iShares U.S. Dividend & Buyback ETF 43.4 25 23 7.1 +0.9
RAFE PIMCO RAFI ESG U.S. ETF 43.1 29 19 7.7 +1.4
VOOV Vanguard S&P 500 Value ETF 43.0 10 38 7.4 +1.2
FLQL Franklin LibertyQ U.S. Equity ETF 42.9 15 33 6.2 +0.0
IVE iShares S&P 500 Value ETF 42.6 18 30 7.3 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 42.4 4 44 7.4 +1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 41.8 19 29 6.5 +0.3
FQAL Fidelity Quality Factor ETF 41.5 29 19 5.9 -0.3
HDV iShares Core High Dividend ETF 41.5 8 40 7.2 +1.0
IUSV iShares Core S&P U.S. Value ETF 40.7 4 44 7.5 +1.3
IWX iShares Russell Top 200 Value ETF 40.7 20 28 6.8 +0.6
JKF iShares Morningstar Large Cap Value ETF 40.6 25 23 7.7 +1.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 40.4 25 23 7.1 +0.9
QUS SPDR MSCI USA StrategicFactors ETF 40.4 15 33 6.0 -0.2
FDVV Fidelity Core Dividend ETF 39.8 29 19 7.4 +1.2
OEF iShares S&P 100 ETF 39.5 20 28 5.4 -0.8
NACP Impact Shares NAACP Minority Empowerment ETF 39.5 75 -27 5.2 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 39.1 32 16 5.4 -0.8
HLAL Wahed FTSE USA Shariah ETF 39.0 50 -2 5.7 -0.5
QDF FlexShares Quality Dividend Index Fund 38.8 37 11 6.5 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 38.7 8 40 6.9 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 38.3 12 36 5.5 -0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 38.0 25 23 6.3 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 38.0 27 21 5.4 -0.8
JKD iShares Morningstar Large-Cap ETF 37.6 20 28 7.0 +0.8
XLG Invesco S&P 500 Top 50 ETF 37.5 20 28 5.3 -0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 37.5 12 36 4.9 -1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 37.4 25 23 7.2 +1.0
FVAL Fidelity Value Factor ETF 37.3 29 19 8.2 +2.0
SPHQ Invesco S&P 500 Quality ETF 37.2 15 33 5.0 -1.3
IUS Invesco Strategic US ETF 37.2 19 29 6.8 +0.6
RECS Columbia Research Enhanced Core ETF 37.1 15 33 6.1 -0.1
EDOW First Trust Dow 30 Equal Weight ETF 37.1 50 -2 5.9 -0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 36.8 49 -1 5.0 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 36.5 39 9 7.2 +0.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 36.5 37 11 6.6 +0.4
MGC Vanguard Mega Cap Index Fund 36.3 7 41 5.6 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 36.3 0 48 5.6 -0.7
IWL iShares Russell Top 200 ETF 36.0 15 33 5.4 -0.8
PBP Invesco S&P 500 BuyWrite ETF 35.9 49 -1 5.3 -0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 35.5 29 19 6.2 -0.0
EFIV SPDR S&P 500 ESG ETF 35.3 10 38 5.6 -0.6
DHS WisdomTree U.S. High Dividend Fund 35.3 38 10 8.9 +2.7
SNPE Xtrackers S&P 500 ESG ETF 35.2 10 38 5.6 -0.6
SUSL iShares ESG MSCI USA Leaders ETF 35.2 10 38 5.3 -1.0
HSPX Global X S&P 500 Covered Call ETF 35.2 60 -12 5.3 -0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.1 10 38 5.2 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.0 20 28 5.3 -0.9
IVV iShares Core S&P 500 ETF 34.9 3 45 5.8 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 34.9 60 -12 5.3 -0.9
SPY SPDR S&P 500 ETF Trust 34.8 9 39 5.7 -0.5
VIG Vanguard Dividend Appreciation Index Fund 34.8 6 42 5.3 -0.9
SPLG SPDR Portfolio Large Cap ETF 34.8 3 45 5.8 -0.4
RNDV US Equity Dividend Select ETF 34.7 50 -2 8.0 +1.8
IWD iShares Russell 1000 Value ETF 34.6 19 29 7.0 +0.8
SPQQ Siren Large Cap Blend Index ETF 34.6 20 28 5.0 -1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 34.5 75 -27 4.8 -1.4
VOO VANGUARD S&P 500 ETF 34.4 3 45 5.8 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 34.4 7 41 5.6 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 34.4 27 21 5.7 -0.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 34.3 38 10 8.0 +1.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 34.3 20 28 5.7 -0.5
DSTL Distillate US Fundamental Stability & Value ETF 34.3 39 9 6.6 +0.4
CCOR Core Alternative ETF 34.3 109 -61 4.7 -1.5
IQSU IQ Candriam ESG US Equity ETF 34.2 9 39 5.7 -0.6
VONV Vanguard Russell 1000 Value Index Fund 34.2 8 40 7.1 +0.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 34.0 49 -1 4.7 -1.5
SPXT ProShares S&P 500 Ex-Technology ETF 33.9 27 21 5.5 -0.7
QUAL iShares MSCI Usa Quality Factor ETF 33.8 15 33 5.7 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 33.5 15 33 5.5 -0.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 33.4 29 19 8.5 +2.3
REVS Columbia Research Enhanced Value ETF 33.2 19 29 7.5 +1.3
PBUS Invesco PureBeta MSCI USA ETF 33.2 4 44 5.6 -0.6
DJD Invesco Dow Jones Industrial Average Dividend ETF 33.0 7 41 7.2 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.0 2 46 5.6 -0.6
SPMV Invesco S&P 500 Minimum Variance ETF 32.9 10 38 5.8 -0.4
NULV Nuveen ESG Large-Cap Value ETF 32.8 35 13 7.3 +1.1
DEW WisdomTree Global High Dividend Fund 32.7 58 -10 9.6 +3.4
QLC FlexShares US Quality Large Cap Index Fund 32.6 32 16 5.6 -0.6
FDLO Fidelity Low Volatility Factor ETF 32.6 29 19 5.2 -1.1
VV Vanguard Large-Cap Index Fund 32.5 4 44 5.6 -0.7
USMV iShares Edge MSCI Min Vol USA ETF 32.4 15 33 5.5 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 32.1 3 45 5.9 -0.3
FLLV Franklin Liberty U.S. Low Volatility ETF 32.1 29 19 5.6 -0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 32.0 27 21 5.5 -0.7
SCHX Schwab U.S. Large-Cap ETF 31.8 3 45 5.5 -0.7
AFLG First Trust Active Factor Large Cap ETF 31.7 55 -7 5.9 -0.3
DIA SPDR Dow Jones Industrial Average ETF Trust 31.7 16 32 5.6 -0.7

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 24.5 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.