Qraft Ai-Enhanced U.S. Large Cap ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.2x P/Sales
ratio
2.3x
P/BV
ratio
6.0x Div.
yield
1.0%


  • 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) $20
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 342
Wgt avg mkt cap (mns) $358,141
Large cap (>$10bn) 97.1%
Mid cap ($2-10bn) 2.3%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 2.9 %
AMAZON.COM INC 2.4 %
MICROSOFT CORP 2.3 %
NVIDIA CORP 2.2 %
ALPHABET INC. CLASS A 1.8 %
CADENCE DESIGN SYS INC 1.5 %
FACEBOOK 1.4 %
ADVANCED MICRO DEVICES 1.4 %
ARISTA NETWORKS, INC. 1.4 %
QUALCOMM INC 1.3 %
Total 18.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.5 %
IRELAND 1.6 %
BRITAIN 1.2 %
ISRAEL 1.1 %
CANADA 1.0 %
SWITZERLAND 0.7 %
BERMUDA 0.6 %
NETHERLANDS 0.6 %
ARGENTINA 0.3 %
ITALY 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.9% 24.9% -- -- 21.6%

Market Correlations
versus... Beta R-squared
S&P500 0.96 95%
MSCI EAFE 0.93 81%
MSCI Emg. Mkts. 0.64 60%

Technical Indicators
Recent close $35.72
30d moving avg. $34.50
Annualized volatility 20.5%
Short interest (ETF) 0.6%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.6%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $172,089

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™: 4.0%


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
(%)
JHMT John Hancock Multifactor Technology ETF 44.5 40 35 4.5 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.1 9 66 5.3 +1.3
ESGV Vanguard ESG U.S. Stock ETF 43.7 12 63 4.8 +0.8
JHML John Hancock Multifactor Large Cap ETF 43.4 29 46 5.2 +1.1
IGM iShares Expanded Tech Sector ETF 41.9 46 29 3.6 -0.4
SCHX Schwab U.S. Large-Cap ETF 41.9 3 72 4.9 +0.8
IYY iShares Dow Jones U.S. ETF 41.8 20 55 4.7 +0.7
SCHK Schwab 1000 Index ETF 41.7 5 70 4.9 +0.9
IWB iShares Russell 1000 ETF 41.7 15 60 4.8 +0.8
IWF iShares Russell 1000 Growth ETF 41.4 19 56 3.7 -0.4
PBUS Invesco PureBeta MSCI USA ETF 41.2 4 71 4.9 +0.9
VTHR Vanguard Russell 3000 Index Fund 41.2 10 65 4.7 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 40.8 8 67 3.8 -0.3
SCHB Schwab U.S. Broad Market ETF 40.8 3 72 4.8 +0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.7 3 72 4.8 +0.7
IWV iShares Russell 3000 ETF 40.6 20 55 4.6 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.2 2 73 4.9 +0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.2 7 68 4.9 +0.9
SFY SoFi Select 500 ETF 40.0 0 75 4.8 +0.8
VTI Vanguard Total Stock Market Index Fund 40.0 3 72 4.8 +0.7
VONE Vanguard Russell 1000 ETF 39.9 8 67 4.9 +0.8
VV Vanguard Large-Cap Index Fund 39.6 4 71 4.9 +0.9
IETC iShares Evolved U.S. Technology ETF 39.5 18 57 3.7 -0.4
JMOM JPMorgan U.S. Momentum Factor ETF 39.4 12 63 3.3 -0.8
SPXN ProShares S&P 500 Ex-Financials ETF 38.6 27 48 4.7 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 38.6 15 60 4.8 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 38.5 12 63 4.2 +0.2
IUSG iShares Core S&P US Growth ETF 38.4 4 71 4.2 +0.2
HSPX Global X S&P 500 Covered Call ETF 37.9 60 15 4.6 +0.6
SPTM SPDR Portfolio Total Stock Market ETF 37.9 3 72 5.2 +1.1
PBP Invesco S&P 500 BuyWrite ETF 37.9 49 26 4.7 +0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 37.8 60 15 4.7 +0.6
VOOG Vanguard S&P 500 Growth ETF 37.8 10 65 4.2 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 37.7 20 55 5.0 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 37.7 27 48 5.0 +0.9
IVV iShares Core S&P 500 ETF 37.7 3 72 5.1 +1.1
SPY SPDR S&P 500 ETF Trust 37.7 9 66 5.0 +1.0
SPLG SPDR Portfolio Large Cap ETF 37.7 3 72 5.1 +1.1
EXT WisdomTree U.S. Total Earnings Fund 37.6 28 47 5.3 +1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 37.5 60 15 3.9 -0.2
VOO VANGUARD S&P 500 ETF 37.5 3 72 5.1 +1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.4 30 45 6.2 +2.2
SPYG SPDR Portfolio S&P 500 Growth ETF 37.2 4 71 4.2 +0.2
IVW iShares S&P 500 Growth ETF 37.2 18 57 4.1 +0.0
VUG Vanguard Growth Index Fund 37.2 4 71 3.7 -0.3
FTC First Trust Large Cap Growth AlphaDEX Fund 37.1 61 14 2.4 -1.6
IYW iShares U.S. Technology ETF 36.8 43 32 3.7 -0.3
AVUS Avantis U.S. Equity ETF 36.7 15 60 5.2 +1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 36.0 9 66 5.3 +1.3
QGRO American Century STOXX U.S. Quality Growth ETF 36.0 29 46 3.2 -0.9
TOK iShares MSCI Kokusai ETF 35.7 25 50 5.2 +1.2
FXL First Trust Technology AlphaDEX Fund 35.7 61 14 3.8 -0.3
FTEC Fidelity MSCI Information Technology Index ETF 35.7 8 67 4.3 +0.3
TECB iShares US Tech Breakthrough Multisector ETF 35.7 40 35 3.9 -0.1
VGT Vanguard Information Technology Index Fund 35.5 10 65 4.3 +0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 35.4 25 50 5.8 +1.8
SCHG Schwab U.S. Large-Cap Growth ETF 35.1 4 71 3.4 -0.6
JQUA JPMorgan U.S. Quality Factor ETF 35.0 12 63 5.2 +1.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 34.6 21 54 2.9 -1.1
MGC Vanguard Mega Cap Index Fund 34.4 7 68 4.9 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.4 20 55 4.7 +0.6
URTH iShares MSCI World ETF 34.3 24 51 5.3 +1.2
VEGN US Vegan Climate ETF 34.0 60 15 4.8 +0.8
IQSU IQ Candriam ESG US Equity ETF 33.8 9 66 4.8 +0.8
IWL iShares Russell Top 200 ETF 33.8 15 60 4.7 +0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 33.5 9 66 5.5 +1.5
CATH Global X S&P 500 Catholic Values Custom ETF 33.4 29 46 4.8 +0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 33.1 35 40 5.4 +1.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 33.1 35 40 5.4 +1.4
AFLG First Trust Active Factor Large Cap ETF 32.8 55 20 5.0 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 32.7 0 75 4.9 +0.8
KRMA Global X Conscious Companies ETF 32.4 43 32 4.9 +0.9
RYT Invesco S&P 500 Equal Weight Technology ETF 32.2 40 35 6.2 +2.2
MTUM iShares MSCI USA Momentum Factor ETF 32.1 15 60 4.1 +0.1
IWY iShares Russell Top 200 Growth ETF 32.0 20 55 3.8 -0.2
STLG iShares Factors US Growth Style ETF 31.9 25 50 4.2 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 31.9 49 26 3.9 -0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 31.8 20 55 5.7 +1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 31.7 29 46 5.3 +1.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 31.7 60 15 3.4 -0.7
XT iShares Exponential Technologies ETF 31.7 47 28 4.7 +0.7
QQQM Invesco NASDAQ 100 ETF 31.7 15 60 3.8 -0.2
QQQ Invesco QQQ Trust 31.7 20 55 3.8 -0.3
QYLD Global X NASDAQ 100 Covered Call ETF 31.6 60 15 3.3 -0.7
ACWI iShares MSCI ACWI ETF 31.6 32 43 5.5 +1.4
ETHO Etho Climate Leadership U.S. ETF 31.5 47 28 4.1 +0.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 31.5 20 55 5.7 +1.6
QUS SPDR MSCI USA StrategicFactors ETF 31.5 15 60 5.5 +1.5
NUSI Nationwide Risk-Managed Income ETF 31.4 68 7 3.5 -0.5
IWP iShares Russell Mid-Cap Growth ETF 31.3 24 51 2.9 -1.2
EPS WisdomTree U.S. Earnings 500 Fund 31.2 8 67 6.1 +2.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 30.9 59 16 4.1 +0.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 30.9 35 40 4.3 +0.3
STLC iShares Factors US Blend Style ETF 30.8 25 50 5.0 +1.0
ROUS Hartford Multifactor US Equity ETF 30.8 19 56 6.2 +2.2
JKH iShares Morningstar Mid-Cap Growth ETF 30.7 30 45 1.9 -2.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 30.6 66 9 2.0 -2.0
EUSA iShares MSCI USA Equal Weighted ETF 30.6 15 60 5.7 +1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 30.6 27 48 4.7 +0.7
USXF iShares ESG Advanced MSCI USA ETF 30.3 10 65 4.7 +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%.

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 24.5 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.50
 
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.