Alpha Architect U.S. Quantitative Momentum ETF
ALTAR
Score™
3.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
39.5x P/Sales
ratio
3.7x
P/BV
ratio
7.3x Div.
yield
0.7%


  • 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 02, 2015
Assets (mns) $57
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 52
Wgt avg mkt cap (mns) $53,545
Large cap (>$10bn) 59.6%
Mid cap ($2-10bn) 40.2%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COUPA SOFTWARE, INC. 2.9 %
OKTA, INC. CLASS A 2.9 %
DEXCOM INC 2.8 %
WEST PHARMACEUTICAL SERVICES 2.7 %
NVIDIA CORP 2.5 %
KINSALE CAPITAL GROUP, INC. 2.4 %
ADVANCED MICRO DEVICES 2.3 %
APPLE INC 2.2 %
MANHATTAN ASSOCIATES INC 2.2 %
ENPHASE ENERGY INC 2.2 %
Total 25.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.9% 16.8% -- -- 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.27 71%
MSCI EAFE 1.20 55%
MSCI Emg. Mkts. 0.86 43%

Technical Indicators
Recent close $34.56
30d moving avg. $31.22
Annualized volatility 25.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.0%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $27,478

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™: 3.2%


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 20.9 62 -13 2.8 -0.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 19.2 75 -26 2.2 -1.0
RPG Invesco S&P 500 Pure Growth ETF 19.1 35 14 4.5 +1.4
XMMO Invesco S&P MidCap Momentum ETF 19.0 39 10 4.3 +1.1
FTC First Trust Large Cap Growth AlphaDEX Fund 19.0 61 -12 3.0 -0.1
PTF Invesco DWA Technology Momentum ETF 18.2 60 -11 1.3 -1.8
NUMG Nuveen ESG Mid-Cap Growth ETF 17.9 40 9 3.2 +0.0
FXL First Trust Technology AlphaDEX Fund 16.9 61 -12 3.4 +0.2
IQM Franklin Intelligent Machines ETF 16.1 50 -1 2.3 -0.9
FDMO Fidelity Momentum Factor ETF 16.1 29 20 3.9 +0.8
IWP iShares Russell Mid-Cap Growth ETF 14.6 24 25 4.3 +1.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 14.1 99 -50 2.1 -1.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 14.0 35 14 4.0 +0.9
QGRO American Century STOXX U.S. Quality Growth ETF 14.0 29 20 3.1 -0.0
RYT Invesco S&P 500 Equal Weight Technology ETF 14.0 40 9 7.4 +4.3
JKH iShares Morningstar Mid-Cap Growth ETF 13.5 30 19 2.5 -0.7
JHMT John Hancock Multifactor Technology ETF 13.5 40 9 5.1 +2.0
JMOM JPMorgan U.S. Momentum Factor ETF 13.3 12 37 4.0 +0.8
PSJ Invesco Dynamic Software ETF 12.8 58 -9 2.9 -0.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 12.7 57 -8 5.1 +1.9
AFLG First Trust Active Factor Large Cap ETF 12.2 55 -6 6.0 +2.8
SPMO Invesco S&P 500 Momentum ETF 12.2 13 36 4.5 +1.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 12.0 15 34 5.0 +1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 12.0 66 -17 2.7 -0.5
IJK iShares S&P Mid-Cap 400 Growth ETF 12.0 24 25 4.9 +1.7
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 12.0 39 10 6.4 +3.3
PWB Invesco Dynamic Large Cap Growth ETF 11.8 55 -6 3.5 +0.3
VOT Vanguard Mid-Cap Growth Index Fund 11.8 7 42 3.7 +0.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 11.8 15 34 4.9 +1.7
XITK SPDR FactSet Innovative Technology ETF 11.7 45 4 0.5 -2.7
VFMO Vanguard U.S. Momentum Factor ETF 11.4 13 36 2.1 -1.0
ADME Aptus Drawdown Managed Equity ETF 11.3 81 -32 3.8 +0.7
EQWM Invesco S&P MidCap Quality ETF 11.2 25 24 5.0 +1.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 11.0 15 34 4.7 +1.6
FFTY Innovator IBD 50 ETF 10.8 80 -31 2.9 -0.3
QTUM Defiance Quantum ETF 10.8 40 9 5.6 +2.5
PWC Invesco Dynamic Market ETF 10.7 59 -10 7.0 +3.8
XHE SPDR S&P Health Care Equipment ETF 10.6 35 14 1.9 -1.3
XNTK SPDR Morgan Stanley Technology ETF 10.6 35 14 4.0 +0.9
PSI Invesco Dynamic Semiconductors ETF 10.4 58 -9 5.1 +1.9
NULG Nuveen ESG Large-Cap Growth ETF 10.3 35 14 3.4 +0.3
AFMC First Trust Active Factor Mid Cap ETF 10.3 65 -16 6.5 +3.4
FTXL First Trust Nasdaq Semiconductor ETF 10.3 60 -11 5.2 +2.1
VGT Vanguard Information Technology Index Fund 9.8 10 39 4.8 +1.7
FTEC Fidelity MSCI Information Technology Index ETF 9.8 8 41 4.9 +1.7
IYW iShares U.S. Technology ETF 9.7 42 7 4.3 +1.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 9.7 35 14 5.3 +2.1
LRNZ TrueMark Technology, AI & Deep Learning ETF 9.6 68 -19 0.9 -2.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 9.6 75 -26 3.8 +0.6
SPGP Invesco S&P 500 GARP ETF 9.6 35 14 7.5 +4.4
FEX First Trust Large Cap Core AlphaDEX Fund 9.4 60 -11 6.4 +3.3
BUL Pacer US Cash Cows Growth ETF 9.4 60 -11 5.7 +2.5
VBK Vanguard Small-Cap Growth Index Fund 9.3 7 42 2.7 -0.5
ENTR Entrepreneur 30 Fund 9.2 49 0 3.1 -0.1
FVL First Trust Value Line 100 Exchange-Traded Fund 9.1 70 -21 4.0 +0.9
IGM iShares North American Tech ETF 9.0 46 3 4.1 +0.9
IGV iShares North American Tech-Software ETF 9.0 46 3 2.6 -0.6
SOXX iShares PHLX Semiconductor ETF 9.0 46 3 5.5 +2.3
XSW SPDR S&P Software & Services ETF 9.0 35 14 3.6 +0.4
XLK Technology Select Sector SPDR Fund 8.8 13 36 5.0 +1.9
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 8.8 20 29 7.9 +4.8
PEXL Pacer US Export Leaders ETF 8.6 60 -11 6.5 +3.4
ECOZ TrueMark ESG Active Opportunities ETF 8.5 58 -9 4.5 +1.4
FCPI Fidelity Stocks for Inflation ETF 8.5 29 20 7.0 +3.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 8.4 65 -16 5.7 +2.5
SMH VanEck Vectors Semiconductor ETF 8.4 35 14 5.8 +2.7
SPYB SPDR S&P 500 Buyback ETF 8.3 35 14 9.8 +6.6
WOMN Impact Shares YWCA Women's Empowerment ETF 8.3 75 -26 4.7 +1.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 8.3 60 -11 4.3 +1.1
TECB iShares US Tech Breakthrough Multisector ETF 8.3 40 9 4.1 +0.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 8.2 35 14 4.5 +1.4
RDVY First Trust Rising Dividend Achievers ETF 8.2 50 -1 8.1 +5.0
IETC iShares Evolved U.S. Technology ETF 8.2 18 31 4.1 +1.0
BOSS Global X Founder-Run Companies ETF 8.2 45 4 4.0 +0.9
KOMP SPDR Kensho New Economies Composite ETF 8.2 20 29 1.8 -1.4
FXH First Trust Health Care AlphaDEX Fund 8.1 62 -13 4.3 +1.1
TPLC Timothy Plan US Large Cap Core ETF 8.1 52 -3 5.5 +2.4
IXN iShares Global Tech ETF 8.0 46 3 4.9 +1.7
PSET Principal Price Setters Index ETF 8.0 29 20 4.7 +1.6
GFIN Goldman Sachs Motif Finance Reimagined ETF 7.9 50 -1 5.7 +2.6
BFOR Barron's 400 ETF 7.8 66 -17 6.5 +3.3
AUSF Global X Adaptive U.S. Factor ETF 7.8 27 22 8.6 +5.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 7.7 70 -21 2.1 -1.0
IWR iShares Russell Midcap ETF 7.7 19 30 5.9 +2.7
GDAT Goldman Sachs Motif Data-Driven World Etf 7.6 50 -1 5.3 +2.1
AIEQ AI Powered Equity ETF 7.5 87 -38 3.5 +0.4
GVIP Goldman Sachs Hedge Industry VIP ETF 7.5 45 4 4.6 +1.4
ARKW ARK Web x.0 ETF 7.5 76 -27 -0.8 -3.9
RFFC RiverFront Dynamic US Flex-Cap ETF 7.4 52 -3 5.7 +2.5
QYLD Global X NASDAQ 100 Covered Call ETF 7.3 60 -11 3.8 +0.6
PRN Invesco DWA Industrials Momentum ETF 7.3 60 -11 4.8 +1.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 7.3 17 32 6.7 +3.6
VEGN US Vegan Climate ETF 7.2 60 -11 5.3 +2.2
SCHM Schwab U.S. Mid-Cap ETF 7.2 4 45 6.6 +3.5
DRIV Global X Autonomous & Electric Vehicles ETF 7.1 68 -19 6.3 +3.1
NUSI Nationwide Risk-Managed Income ETF 7.0 68 -19 3.7 +0.6
VO Vanguard Mid-Cap Index Fund 7.0 4 45 5.7 +2.5
QQQ Invesco QQQ Trust 7.0 20 29 4.1 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 7.0 20 29 6.8 +3.6
XSD SPDR S&P Semiconductor ETF 6.9 35 14 4.1 +1.0

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:
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 24.9 %
Divided by: Fwd. P/BV 6.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.