Qraft Ai-Enhanced U.S. Large Cap ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
30.0x P/Sales
ratio
2.8x
P/BV
ratio
6.0x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The QRAFT AI-Enhanced U.S. Large Cap ETF is an actively-managed portfolio of U.S. Large Cap equities chosen with the aid of artificial intelligence.

FUND BASICS
Category US Equities
Fund Sponsor Cottonwood ETF Holdings LLC
Website qraftaietf.com
Inception date May 20, 2019
Assets (mns) $4
Currency USD
Expense ratio 75 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 350
Wgt avg mkt cap (mns) $290,027
Large cap (>$10bn) 95.4%
Mid cap ($2-10bn) 4.6%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
MICROSOFT CORP 5.0 %
ALPHABET INC. CLASS A 4.9 %
AMAZON.COM INC 3.9 %
FACEBOOK 3.8 %
APPLE INC 2.2 %
WAL-MART STORES INC 1.9 %
JOHNSON & JOHNSON 1.9 %
HOME DEPOT INC 1.7 %
INTEL CORP 1.4 %
MERCK & CO. INC. 1.1 %
Total 27.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.4 %
CANADA 2.0 %
IRELAND 1.6 %
SWITZERLAND 0.9 %
BRITAIN 0.9 %
NETHERLANDS 0.4 %
ISRAEL 0.2 %
LUXEMBOURG 0.1 %
ITALY 0.1 %
BERMUDA 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.
8.7% -- -- -- 20.6%

Market Correlations
versus... Beta R-squared
S&P500 0.97 95%
MSCI EAFE 0.90 80%
MSCI Emg. Mkts. 0.64 64%

Technical Indicators
Recent close $31.13
30d moving avg. $29.83
Annualized volatility 21.7%
Short interest (ETF) 0.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 1.6%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $248,865

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Qraft Ai-Enhanced U.S. Large Cap ETF ETF based on the alternatives' overlap in portfolio holdings with QRFT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QRFT Expense: 75 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QRFT
Ticker Fund
Name
Overlap1
vs QRFT
(%)
Expense
ratio
(bp)
Savings
vs QRFT
(bp)
ALTAR
Score™
(%)
ALTAR
vs QRFT
(%)
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 57.2 9 66 5.5 +1.8
PBUS Invesco PureBeta MSCI USA ETF 51.4 4 71 5.2 +1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 51.3 60 15 4.3 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 50.7 27 48 4.9 +1.2
SCHX Schwab U.S. Large-Cap ETF 50.6 3 72 5.2 +1.5
EXT WisdomTree U.S. Total Earnings Fund 50.6 28 47 5.2 +1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 50.4 7 68 5.2 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 50.2 2 73 5.3 +1.5
IWB iShares Russell 1000 ETF 50.2 15 60 5.1 +1.4
SCHK Schwab 1000 Index ETF 49.9 5 70 5.2 +1.5
VV Vanguard Large-Cap Index Fund 49.9 4 71 5.2 +1.5
PBP Invesco S&P 500 BuyWrite ETF 49.9 49 26 5.0 +1.3
VONE Vanguard Russell 1000 ETF 49.8 8 67 5.2 +1.5
IYY iShares Dow Jones U.S. ETF 49.8 20 55 5.1 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 49.7 27 48 5.3 +1.5
HSPX Global X S&P 500 Covered Call ETF 49.5 65 10 4.9 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 49.4 15 60 5.1 +1.3
JHML John Hancock Multifactor Large Cap ETF 49.4 29 46 5.5 +1.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 49.4 20 55 5.3 +1.6
SPY SPDR S&P 500 ETF Trust 49.3 9 66 5.3 +1.6
SPLG SPDR Portfolio Large Cap ETF 49.3 3 72 5.4 +1.7
IVV iShares Core S&P 500 ETF 49.2 4 71 5.4 +1.6
VOO VANGUARD S&P 500 ETF 49.1 3 72 5.4 +1.7
IWF iShares Russell 1000 Growth ETF 48.9 19 56 4.0 +0.3
SCHB Schwab U.S. Broad Market ETF 48.6 3 72 5.2 +1.5
IWV iShares Russell 3000 ETF 48.6 20 55 5.0 +1.3
ESGV Vanguard ESG U.S. Stock ETF 48.6 12 63 5.1 +1.4
SFY SoFi Select 500 ETF 48.5 0 75 5.2 +1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 48.5 3 72 5.1 +1.4
VONG Vanguard Russell 1000 Growth Index Fund 48.4 8 67 4.1 +0.4
VTHR Vanguard Russell 3000 Index Fund 48.3 10 65 5.1 +1.4
VTI Vanguard Total Stock Market Index Fund 48.3 3 72 5.1 +1.4
SPTM SPDR Portfolio Total Stock Market ETF 48.0 3 72 5.5 +1.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 47.9 20 55 4.9 +1.2
EPS WisdomTree U.S. Earnings 500 Fund 47.0 8 67 6.5 +2.7
CATH Global X S&P 500 Catholic Values Custom ETF 46.5 29 46 5.2 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 46.3 12 63 4.9 +1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 46.0 49 26 4.0 +0.3
MGC Vanguard Mega Cap Index Fund 46.0 7 68 5.2 +1.5
SPYG SPDR Portfolio S&P 500 Growth ETF 45.9 4 71 4.2 +0.5
IVW iShares S&P 500 Growth ETF 45.9 18 57 4.1 +0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 45.8 0 75 5.2 +1.4
IWL iShares Russell Top 200 ETF 45.7 15 60 5.0 +1.2
VOOG Vanguard S&P 500 Growth ETF 45.7 10 65 4.2 +0.5
IUSG iShares Core S&P US Growth ETF 45.7 4 71 4.3 +0.5
AFLG First Trust Active Factor Large Cap ETF 45.3 55 20 5.5 +1.8
JQUA JPMorgan U.S. Quality Factor ETF 45.3 12 63 5.2 +1.5
IQSU IQ Candriam ESG US Equity ETF 45.2 9 66 5.0 +1.3
AVUS Avantis U.S. Equity ETF 44.9 15 60 5.7 +2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 44.8 27 48 4.9 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 43.8 15 60 6.2 +2.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 43.5 30 45 6.5 +2.8
SCHG Schwab U.S. Large-Cap Growth ETF 43.0 4 71 4.0 +0.3
SNPE Xtrackers S&P 500 ESG ETF 43.0 11 64 5.0 +1.3
VUG Vanguard Growth Index Fund 42.6 4 71 3.9 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 42.2 15 60 5.8 +2.1
ESG FlexShares STOXX US ESG Impact Index Fund 41.6 32 43 5.0 +1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 41.4 9 66 5.7 +1.9
DSI iShares MSCI KLD 400 Social ETF 41.1 25 50 5.1 +1.4
TOK iShares MSCI Kokusai ETF 40.9 25 50 5.5 +1.8
SCIU Global X Scientific Beta US ETF 40.6 19 56 5.8 +2.1
OEF iShares S&P 100 ETF 40.6 20 55 4.7 +1.0
IETC iShares Evolved U.S. Technology ETF 40.4 18 57 3.7 -0.0
IWY iShares Russell Top 200 Growth ETF 40.3 20 55 4.0 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 40.1 9 66 5.9 +2.2
IGM iShares Expanded Tech Sector ETF 40.0 46 29 3.7 -0.0
IUS Invesco Strategic US ETF 39.8 19 56 6.7 +3.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 39.7 25 50 6.6 +2.9
JMOM JPMorgan U.S. Momentum Factor ETF 39.6 12 63 3.8 +0.1
KRMA Global X Conscious Companies ETF 39.5 43 32 5.1 +1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.4 19 56 5.6 +1.9
SPXT ProShares S&P 500 Ex-Technology ETF 39.0 27 48 5.6 +1.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 39.0 21 54 2.8 -0.9
QYLD Global X NASDAQ 100 Covered Call ETF 38.9 60 15 3.5 -0.3
RECS Columbia Research Enhanced Core ETF 38.9 15 60 5.6 +1.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 38.8 15 60 4.0 +0.3
NUSI Nationwide Risk-Managed Income ETF 38.7 68 7 3.4 -0.4
XLG Invesco S&P 500 Top 50 ETF 38.6 20 55 4.4 +0.7
VEGN US Vegan Climate ETF 38.5 60 15 5.1 +1.4
URTH iShares MSCI World ETF 38.5 24 51 5.6 +1.9
HIPR Direxion High Growth ETF 38.4 40 35 2.8 -1.0
SUSL iShares ESG MSCI USA Leaders ETF 38.3 10 65 5.3 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 38.2 10 65 5.2 +1.5
QQQ Invesco QQQ Trust 38.2 20 55 3.7 -0.0
TMFC Motley Fool 100 Index ETF 37.9 50 25 3.6 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 37.7 25 50 6.6 +2.8
FEX First Trust Large Cap Core AlphaDEX Fund 37.6 60 15 6.0 +2.3
FLQL Franklin LibertyQ U.S. Equity ETF 37.4 15 60 6.3 +2.6
DIVB iShares U.S. Dividend & Buyback ETF 37.0 25 50 6.6 +2.9
FDMO Fidelity Momentum Factor ETF 37.0 29 46 3.7 +0.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.8 29 46 6.2 +2.5
FQAL Fidelity Quality Factor ETF 36.8 29 46 5.4 +1.7
EUSA iShares MSCI USA Equal Weighted ETF 36.7 15 60 6.3 +2.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.4 25 50 6.6 +2.9
NACP Impact Shares NAACP Minority Empowerment ETF 36.4 75 0 4.5 +0.7
PRF Invesco FTSE RAFI US 1000 ETF 36.2 39 36 6.9 +3.1
FTC First Trust Large Cap Growth AlphaDEX Fund 36.2 61 14 2.8 -0.9
SIZE iShares Edge MSCI USA Size Factor ETF 36.1 15 60 6.3 +2.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 35.9 35 40 5.9 +2.2
MGK Vanguard Mega Cap Growth ETF 35.9 7 68 4.0 +0.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
Qraft Ai-Enhanced U.S. Large Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.6 %
Divided by: Fwd. P/BV 5.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 3.7 %
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.