Alpha Architect U.S. Quantitative Momentum ETF
ALTAR
Score™
1.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
92.7x P/Sales
ratio
5.5x
P/BV
ratio
10.8x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The MomentumShares U.S. Quantitative Momentum ETF is an actively managed fund that uses a systematic process focused on momentum to select and weight US stocks.

FUND BASICS
Category US Equities
Fund Sponsor Alpha Architect
Website www.alphaarchitect.com
Inception date Dec 01, 2015
Assets (mns) $76
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $96,028
Large cap (>$10bn) 45.1%
Mid cap ($2-10bn) 45.4%
Small cap (<$2bn) 7.6%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 2.9 %
FIVERR INTERNATIONAL LTD. 2.8 %
DIGITAL TURBINE, INC. 2.8 %
BLACKLINE, INC. 2.4 %
OPEN LENDING CORPORATION CLASS A 2.4 %
TRADE DESK, INC. CLASS A 2.4 %
SUNRUN INC. 2.3 %
ZILLOW GROUP, INC. CLASS A 2.2 %
TWILIO, INC. CLASS A 2.2 %
PENN NATIONAL GAMING INC 2.2 %
Total 24.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.5 %
ISRAEL 5.0 %
CANADA 2.1 %
LUXEMBOURG 2.1 %
ARGENTINA 2.0 %
IRELAND 1.9 %





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.
29.8% 40.1% -- -- 12.6%

Market Correlations
versus... Beta R-squared
S&P500 1.23 69%
MSCI EAFE 1.18 53%
MSCI Emg. Mkts. 0.87 46%

Technical Indicators
Recent close $42.69
30d moving avg. $42.01
Annualized volatility 26.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.7%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $103,060

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Alpha Architect U.S. Quantitative Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with QMOM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QMOM Expense: 49 bp ALTAR Score™: 1.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QMOM
Ticker Fund
Name
Overlap1
vs QMOM
(%)
Expense
ratio
(bp)
Savings
vs QMOM
(bp)
ALTAR
Score™
(%)
ALTAR
vs QMOM
(%)
PDP Invesco DWA Momentum ETF 19.9 62 -13 2.3 +1.1
VFMO Vanguard U.S. Momentum Factor ETF 18.1 13 36 0.7 -0.5
ALFA AlphaClone Alternative Alpha ETF 17.0 65 -16 -0.5 -1.7
XITK SPDR FactSet Innovative Technology ETF 16.8 45 4 0.2 -0.9
FDMO Fidelity Momentum Factor ETF 15.5 29 20 3.2 +2.0
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 15.5 99 -50 1.6 +0.4
PTF Invesco DWA Technology Momentum ETF 15.4 60 -11 0.1 -1.1
AIEQ AI Powered Equity ETF 15.3 87 -38 2.7 +1.5
ARKW ARK Web x.0 ETF 14.8 76 -27 -0.8 -2.0
GVIP Goldman Sachs Hedge Industry VIP ETF 14.7 45 4 3.7 +2.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 14.5 65 -16 2.9 +1.7
FXL First Trust Technology AlphaDEX Fund 14.3 61 -12 3.2 +2.0
XMMO Invesco S&P MidCap Momentum ETF 13.9 34 15 3.8 +2.7
BUYZ Franklin Disruptive Commerce ETF 13.9 50 -1 -0.2 -1.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 13.9 15 34 4.1 +2.9
FTC First Trust Large Cap Growth AlphaDEX Fund 13.8 61 -12 2.7 +1.5
JKH iShares Morningstar Mid-Cap Growth ETF 13.7 30 19 2.0 +0.8
JMOM JPMorgan U.S. Momentum Factor ETF 13.5 12 37 3.3 +2.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 13.4 57 -8 5.0 +3.8
QGRO American Century STOXX U.S. Quality Growth ETF 13.2 29 20 3.7 +2.5
VOT Vanguard Mid-Cap Growth Index Fund 13.0 7 42 3.1 +1.9
ECOZ TrueMark ESG Active Opportunities ETF 12.9 58 -9 3.6 +2.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 12.7 75 -26 2.3 +1.2
QQQN VictoryShares Nasdaq Next 50 ETF 12.7 18 31 3.0 +1.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 12.7 59 -10 4.2 +3.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 12.7 35 14 4.5 +3.3
FFTY Innovator IBD 50 ETF 12.7 80 -31 4.3 +3.2
SLT Salt TruBeta High Exposure ETF 12.6 60 -11 3.2 +2.1
ARKF ARK Fintech Innovation ETF 12.5 75 -26 0.3 -0.9
FPX First Trust US IPO Index Fund 12.3 58 -9 1.4 +0.2
RPG Invesco S&P 500 Pure Growth ETF 12.1 35 14 4.3 +3.1
ENTR Entrepreneur 30 Fund 12.1 49 0 1.2 -0.0
OGIG O'Shares Global Internet Giants ETF 11.8 48 1 0.5 -0.7
GIGE SoFi Gig Economy ETF 11.7 59 -10 -0.8 -2.0
THNQ ROBO Global Artificial Intelligence ETF 11.6 68 -19 1.6 +0.4
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 11.6 59 -10 3.8 +2.6
JHMT John Hancock Multifactor Technology ETF 11.6 40 9 4.7 +3.5
BOSS Global X Founder-Run Companies ETF 11.3 45 4 3.2 +2.0
IWP iShares Russell Mid-Cap Growth ETF 11.2 24 25 2.9 +1.7
XNTK SPDR NYSE Technology ETF 11.2 35 14 3.4 +2.2
TECB iShares US Tech Breakthrough Multisector ETF 11.0 40 9 3.9 +2.7
QYLD Global X NASDAQ 100 Covered Call ETF 11.0 60 -11 3.4 +2.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.0 21 28 3.0 +1.8
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 10.9 60 -11 3.4 +2.2
SPMO Invesco S&P 500 Momentum ETF 10.9 13 36 3.9 +2.7
QQQ Invesco QQQ Trust 10.8 20 29 3.7 +2.5
QQQM Invesco NASDAQ 100 ETF 10.8 15 34 3.8 +2.7
SCHG Schwab U.S. Large-Cap Growth ETF 10.6 4 45 3.4 +2.2
NUSI Nationwide Risk-Managed Income ETF 10.5 68 -19 3.2 +2.0
AFSM First Trust Active Factor Small Cap ETF 10.4 75 -26 5.4 +4.2
IWF iShares Russell 1000 Growth ETF 10.3 19 30 3.6 +2.4
GDAT Goldman Sachs Motif Data-Driven World Etf 10.3 50 -1 4.6 +3.4
STLG iShares Factors US Growth Style ETF 10.2 25 24 4.1 +2.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.2 66 -17 2.2 +1.1
VONG Vanguard Russell 1000 Growth Index Fund 10.1 8 41 3.7 +2.5
NULG Nuveen ESG Large-Cap Growth ETF 10.1 35 14 3.6 +2.4
VUG Vanguard Growth Index Fund 10.0 4 45 3.8 +2.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.7 34 15 4.6 +3.4
HIPR Direxion High Growth ETF 9.6 40 9 4.4 +3.2
SKYY First Trust Cloud Computing ETF 9.5 60 -11 2.4 +1.2
IETC iShares Evolved U.S. Technology ETF 9.5 18 31 3.7 +2.5
CCON Direxion Connected Consumer ETF 9.4 45 4 1.1 -0.1
WUGI Esoterica NextG Economy ETF 9.4 75 -26 1.5 +0.3
ADME Aptus Drawdown Managed Equity ETF 9.4 79 -30 3.3 +2.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 9.3 70 -21 2.1 +0.9
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 9.3 60 -11 0.4 -0.8
SFYF SoFi 50 ETF 9.2 29 20 2.0 +0.9
JKE iShares Morningstar Large-Cap Growth ETF 9.2 25 24 2.9 +1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 9.2 30 19 6.4 +5.3
AIQ Global X Future Analytics Tech ETF 9.2 68 -19 4.0 +2.8
IGM iShares Expanded Tech Sector ETF 9.1 46 3 3.7 +2.5
ARKQ Ark Industrial Innovation ETF 9.0 75 -26 0.7 -0.5
LCG Sterling Capital Focus Equity ETF 8.7 59 -10 2.5 +1.3
ESGV Vanguard ESG U.S. Stock ETF 8.7 12 37 4.9 +3.7
MGK Vanguard Mega Cap Growth ETF 8.7 7 42 3.9 +2.7
IWY iShares Russell Top 200 Growth ETF 8.7 20 29 3.7 +2.6
WOMN Impact Shares YWCA Women's Empowerment ETF 8.6 75 -26 4.2 +3.0
FMK First Trust Mega Cap AlphaDEX Fund 8.6 70 -21 4.5 +3.3
TMFC Motley Fool 100 Index ETF 8.6 50 -1 3.3 +2.1
RYT Invesco S&P 500 Equal Weight Technology ETF 8.5 40 9 6.5 +5.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 8.5 60 -11 3.7 +2.5
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 8.4 60 -11 0.5 -0.7
IYW iShares U.S. Technology ETF 8.4 43 6 3.8 +2.6
SFY SoFi Select 500 ETF 8.3 0 49 5.0 +3.8
RFFC RiverFront Dynamic US Flex-Cap ETF 8.3 52 -3 4.8 +3.6
VEGN US Vegan Climate ETF 8.3 60 -11 4.9 +3.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 8.3 75 -26 3.7 +2.6
ESG FlexShares STOXX US ESG Impact Index Fund 8.3 32 17 4.9 +3.8
IQM Franklin Intelligent Machines ETF 8.3 50 -1 1.8 +0.6
IQSU IQ Candriam ESG US Equity ETF 8.3 9 40 4.9 +3.7
PRN Invesco DWA Industrials Momentum ETF 8.2 60 -11 2.8 +1.6
PWB Invesco Dynamic Large Cap Growth ETF 8.0 56 -7 3.2 +2.0
XT iShares Exponential Technologies ETF 8.0 47 2 4.8 +3.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 7.9 60 -11 4.0 +2.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 7.9 12 37 4.5 +3.3
ARKK ARK Innovation ETF 7.8 75 -26 -2.4 -3.6
WFH Direxion Work From Home ETF 7.8 45 4 5.3 +4.1
IGV iShares Expanded Tech-Software ETF 7.8 46 3 2.2 +1.0
EXT WisdomTree U.S. Total Earnings Fund 7.8 28 21 5.3 +4.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 7.8 30 19 5.5 +4.3

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:
Alpha Architect U.S. Quantitative Momentum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.6 %
Divided by: Fwd. P/BV 9.4 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 1.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.