O'Shares FTSE Russell Small Cap Quality Dividend ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 24.5x P/Sales
ratio		 1.7x
P/BV
ratio		 2.6x Div.
yield		 2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The O’Shares FTSE Russell Small Cap Quality Dividend ETF tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, and high yield factors.

FUND BASICS
Category US Equities
Fund Sponsor OSI ETF Trust
Website oshares.com
Inception date Dec 30, 2016
Assets (mns) $92
Currency USD
Expense ratio 48 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 195
Wgt avg mkt cap (mns) $6,580
Large cap (>$10bn) 17.0%
Mid cap ($2-10bn) 81.6%
Small cap (<$2bn) 1.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
POOL CORP 2.4 %
WEST PHARMACEUTICAL SERVICES 2.2 %
BROWN & BROWN INC 2.1 %
PERKINELMER INC 2.0 %
MORNINGSTAR INC 1.9 %
BIO-TECHNE CORPORATION 1.9 %
GRACO INC 1.9 %
BOOZ ALLEN HAMILTON HOLDINGS 1.9 %
ALLEGION PLC 1.9 %
GENPACT LTD 1.9 %
Total 20.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.6 %
BERMUDA 3.6 %
IRELAND 1.9 %
BRITAIN 0.9 %
PUERTO RICO 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.6% -7.0% -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 1.18 91%
MSCI EAFE 1.18 79%
MSCI Emg. Mkts. 0.82 60%

Technical Indicators
Recent close $24.84
30d moving avg. $25.24
Annualized volatility 21.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 39
Turnover 1.1%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $14,554

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: OUSM Expense: 48 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OUSM
Ticker Fund
Name		 Overlap1
vs OUSM
(%)		 Expense
ratio
(bp)		 Savings
vs OUSM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs OUSM
(%)
RNMC Mid Cap US Equity Select ETF 38.4 60 -12 7.9 +2.1
XMLV Invesco S&P MidCap Low Volatility ETF 31.8 25 23 5.7 -0.1
MDY SPDR S&P Midcap 400 ETF Trust 29.9 23 25 6.5 +0.7
SPMD SPDR Portfolio Mid Cap ETF 29.8 5 43 6.7 +0.9
IJH iShares Core S&P Mid-Cap ETF 29.8 6 42 6.7 +0.9
EZM WisdomTree U.S. MidCap Earnings Fund 29.4 38 10 9.4 +3.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 29.2 15 33 5.0 -0.8
IJK iShares S&P Mid-Cap 400 Growth ETF 29.2 24 24 4.9 -0.9
IVOO Vanguard S&P Mid-Cap 400 ETF 29.0 10 38 6.6 +0.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 28.5 15 33 5.0 -0.9
DON WisdomTree U.S. MidCap Dividend Fund 28.2 38 10 7.8 +2.0
AFMC First Trust Active Factor Mid Cap ETF 27.3 65 -17 6.4 +0.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.3 7 41 5.5 -0.3
VBR Vanguard Small Cap Value Index Fund 25.7 7 41 8.6 +2.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 25.2 40 8 7.3 +1.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 25.2 20 28 9.6 +3.8
FSMD Fidelity Small-Mid Factor ETF 24.1 29 19 7.1 +1.3
SCHM Schwab U.S. Mid-Cap ETF 23.4 4 44 6.3 +0.5
SMDY Syntax Stratified MidCap ETF 23.0 30 18 6.4 +0.6
XMMO Invesco S&P MidCap Momentum ETF 22.8 39 9 4.7 -1.1
MDYV SPDR S&P 400 Mid Cap Value ETF 22.1 15 33 8.8 +3.0
IJJ iShares S&P Mid-Cap 400 Value ETF 22.1 25 23 8.7 +2.9
FNX First Trust Mid Cap Core AlphaDEX Fund 22.1 61 -13 6.5 +0.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 21.7 15 33 8.8 +2.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 21.1 29 19 10.0 +4.2
RWK Invesco S&P MidCap 400 Revenue ETF 21.1 39 9 8.2 +2.4
VB Vanguard Small-Cap ETF 21.1 5 43 5.4 -0.4
EQWM Invesco S&P MidCap Quality ETF 20.8 25 23 6.4 +0.6
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 20.8 40 8 6.3 +0.5
JHSC John Hancock Multifactor Small Cap ETF 20.1 42 6 6.0 +0.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 19.9 60 -12 8.7 +2.9
SFYX Sofi Next 500 ETF 19.5 0 48 6.0 +0.2
OSCV Opus Small Cap Value Plus ETF 19.4 79 -31 5.7 -0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 18.9 70 -22 10.6 +4.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 18.7 6 42 5.4 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 18.5 17 31 5.2 -0.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 18.2 80 -32 5.7 -0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.9 24 24 6.3 +0.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 17.4 35 13 4.0 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 17.4 20 28 7.1 +1.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.1 20 28 4.8 -1.0
JKL iShares Morningstar Small Cap Value ETF 16.5 30 18 10.6 +4.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.2 29 19 6.8 +1.0
JHMM John Hancock Multifactor Mid Cap ETF 15.9 42 6 5.8 -0.0
TPLC Timothy Plan US Large Cap Core ETF 15.8 52 -4 5.5 -0.3
BKSE BNY Mellon US Small Cap Core Equity ETF 15.6 4 44 5.8 -0.1
NUSC Nuveen ESG Small-Cap ETF 15.0 40 8 5.4 -0.4
SMMD iShares Russell 2500 ETF 14.6 15 33 5.5 -0.3
ONEY SPDR Russell 1000 Yield Focus ETF 14.1 20 28 9.5 +3.7
IUSS Invesco Strategic US Small Company ETF 13.9 23 25 5.6 -0.2
KLCD KFA Large Cap Quality Dividend Index ETF 13.9 41 7 5.4 -0.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 13.8 70 -22 2.1 -3.8
SCHA Schwab U.S. Small-Cap ETF 13.7 4 44 4.7 -1.1
JKJ iShares Morningstar Small-Cap ETF 13.6 25 23 6.8 +1.0
VXF Vanguard Extended Market Index Fund 13.4 7 41 3.7 -2.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 13.3 25 23 6.9 +1.0
VBK Vanguard Small-Cap Growth Index Fund 13.2 7 41 2.4 -3.4
VFLQ Vanguard U.S. Liquidity Factor ETF 13.1 14 34 4.8 -1.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 13.0 17 31 6.4 +0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 12.8 20 28 6.5 +0.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 12.4 30 18 6.0 +0.1
SDY SPDR S&P Dividend ETF 12.1 35 13 7.1 +1.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 12.0 63 -15 7.2 +1.3
JHMI John Hancock Multifactor Industrials ETF 11.9 40 8 6.1 +0.3
USMF WisdomTree U.S. Multifactor Fund 11.7 28 20 5.4 -0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.7 35 13 5.9 +0.1
EQAL Invesco Russell 1000 Equal Weight ETF 11.2 20 28 5.7 -0.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 11.1 60 -12 3.3 -2.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 10.8 30 18 7.9 +2.1
FAB First Trust Multi Cap Value AlphaDEX Fund 10.8 71 -23 9.8 +4.0
VSDA VictoryShares Dividend Accelerator ETF 10.8 35 13 4.9 -0.9
PEXL Pacer US Export Leaders ETF 10.6 60 -12 6.0 +0.2
IWS iShares Russell Mid-Cap Value ETF 10.4 24 24 7.3 +1.5
VFQY Vanguard U.S. Quality Factor ETF 10.2 13 35 6.1 +0.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 10.0 30 18 5.7 -0.1
KIE SPDR S&P Insurance ETF 10.0 35 13 10.2 +4.4
FXD First Trust Consumer Discretionary AlphaDEX Fund 9.9 64 -16 7.7 +1.9
BFOR Barron's 400 ETF 9.9 65 -17 6.4 +0.6
VFMF Vanguard U.S. Multifactor ETF 9.7 19 29 7.2 +1.4
JVAL JPMorgan U.S. Value Factor ETF 9.6 12 36 8.8 +3.0
VUSE Vident Core US Equity Fund 9.5 48 0 8.4 +2.6
PY Principal Shareholder Yield Index ETF 9.5 29 19 9.7 +3.8
VALQ American Century STOXX U.S. Quality Value ETF 9.0 29 19 9.2 +3.4
IWR iShares Russell Midcap ETF 9.0 19 29 5.6 -0.2
TUSA First Trust Total US Market AlphaDEX ETF 8.9 70 -22 6.0 +0.2
VFVA Vanguard U.S. Value Factor ETF 8.9 14 34 11.7 +5.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 8.8 35 13 5.4 -0.4
TPHD Timothy Plan High Dividend Stock ETF 8.8 52 -4 7.8 +2.0
JMIN JPMorgan U.S. Minimum Volatility ETF 8.7 12 36 5.9 +0.1
PXMV Invesco S&P MidCap Value with Momentum ETF 8.7 39 9 10.4 +4.6
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 8.6 25 23 7.9 +2.1
QSY WisdomTree U.S. LargeCap Value Fund 8.5 38 10 6.9 +1.1
ETHO Etho Climate Leadership U.S. ETF 8.4 47 1 4.4 -1.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 8.3 4 44 5.8 -0.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 8.1 24 24 7.3 +1.5
QLV FlexShares US Quality Low Volatility Index Fund 8.1 22 26 4.8 -1.0
JKK iShares Morningstar Small-Cap Growth ETF 8.1 30 18 1.1 -4.7
IFRA iShares U.S. Infrastructure ETF 8.0 40 8 6.2 +0.3
FXO First Trust Financials AlphaDEX Fund 7.9 63 -15 11.8 +6.0
XHB SPDR S&P Homebuilders ETF 7.8 35 13 7.7 +1.9

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 Russell Small Cap 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 15.4 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.52
 
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.