Qraft Ai-Enhanced U.S. Large Cap ETF
ALTAR
Score™
4.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.4x P/Sales
ratio
2.7x
P/BV
ratio
5.8x 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) $8
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) $319,077
Large cap (>$10bn) 95.6%
Mid cap ($2-10bn) 3.8%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
AMAZON.COM INC 6.5 %
ALPHABET INC. CLASS A 4.2 %
MICROSOFT CORP 4.0 %
FACEBOOK 1.9 %
WAL-MART STORES INC 1.9 %
APPLE INC 1.8 %
HOME DEPOT INC 1.7 %
INTEL CORP 1.2 %
JOHNSON & JOHNSON 1.1 %
COSTCO WHOLESALE CORP 1.0 %
Total 25.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
CANADA 1.3 %
BRITAIN 1.3 %
IRELAND 1.2 %
NETHERLANDS 0.6 %
SWITZERLAND 0.5 %
ISRAEL 0.2 %
ITALY 0.2 %
ARGENTINA 0.2 %
LUXEMBOURG 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.6% 35.3% -- -- 31.1%

Market Correlations
versus... Beta R-squared
S&P500 0.95 95%
MSCI EAFE 0.91 81%
MSCI Emg. Mkts. 0.64 65%

Technical Indicators
Recent close $32.20
30d moving avg. $32.93
Annualized volatility 20.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 6
Turnover 2.4%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $20,862

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™: 4.2%


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 56.0 9 66 6.2 +2.1
ESGV Vanguard ESG U.S. Stock ETF 48.5 12 63 5.9 +1.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 48.5 60 15 5.4 +1.2
PBUS Invesco PureBeta MSCI USA ETF 48.4 4 71 6.0 +1.8
EXT WisdomTree U.S. Total Earnings Fund 48.4 28 47 6.1 +2.0
IWB iShares Russell 1000 ETF 47.7 15 60 5.7 +1.6
SCHX Schwab U.S. Large-Cap ETF 47.4 3 72 5.9 +1.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 47.4 7 68 6.0 +1.8
SPXN ProShares S&P 500 Ex-Financials ETF 47.2 27 48 5.8 +1.7
VONE Vanguard Russell 1000 ETF 47.1 8 67 5.8 +1.7
SCHK Schwab 1000 Index ETF 46.9 5 70 5.9 +1.8
VV Vanguard Large-Cap Index Fund 46.9 4 71 5.9 +1.7
IYY iShares Dow Jones U.S. ETF 46.9 20 55 5.8 +1.6
JHML John Hancock Multifactor Large Cap ETF 46.7 29 46 6.0 +1.9
IWF iShares Russell 1000 Growth ETF 46.4 19 56 5.6 +1.4
VTHR Vanguard Russell 3000 Index Fund 46.4 10 65 5.7 +1.5
AFLG First Trust Active Factor Large Cap ETF 46.3 55 20 6.4 +2.2
XYLG Global X S&P 500 Covered Call & Growth ETF 46.3 60 15 5.7 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 46.2 12 63 6.2 +2.1
SFY SoFi Select 500 ETF 46.1 0 75 5.6 +1.5
ESGU iShares MSCI USA ESG Optimized ETF 46.1 15 60 5.8 +1.6
SPY SPDR S&P 500 ETF Trust 46.1 9 66 6.1 +1.9
PBP Invesco S&P 500 BuyWrite ETF 46.0 49 26 5.7 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 46.0 27 48 6.1 +1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.9 20 55 6.1 +1.9
SPLG SPDR Portfolio Large Cap ETF 45.8 3 72 6.1 +2.0
IWV iShares Russell 3000 ETF 45.8 20 55 5.6 +1.4
HSPX Global X S&P 500 Covered Call ETF 45.7 60 15 5.5 +1.4
VONG Vanguard Russell 1000 Growth Index Fund 45.7 8 67 5.7 +1.5
VOO VANGUARD S&P 500 ETF 45.7 3 72 6.1 +2.0
IVV iShares Core S&P 500 ETF 45.6 3 72 6.1 +2.0
SCHB Schwab U.S. Broad Market ETF 45.6 3 72 5.8 +1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 45.6 3 72 5.8 +1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.2 20 55 5.7 +1.6
SPTM SPDR Portfolio Total Stock Market ETF 45.0 3 72 6.2 +2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.8 30 45 6.7 +2.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.6 2 73 6.0 +1.8
VOOG Vanguard S&P 500 Growth ETF 44.6 10 65 5.8 +1.7
VTI Vanguard Total Stock Market Index Fund 44.4 3 72 5.7 +1.5
IUSG iShares Core S&P US Growth ETF 44.3 4 71 5.8 +1.7
EPS WisdomTree U.S. Earnings 500 Fund 44.1 8 67 7.2 +3.1
IVW iShares S&P 500 Growth ETF 44.1 18 57 5.7 +1.6
ROUS Hartford Multifactor US Equity ETF 43.9 19 56 6.6 +2.4
SPYG SPDR Portfolio S&P 500 Growth ETF 43.8 4 71 5.9 +1.7
IQSU IQ Candriam ESG US Equity ETF 43.7 9 66 6.2 +2.1
CATH Global X S&P 500 Catholic Values Custom ETF 43.0 29 46 5.9 +1.8
VUG Vanguard Growth Index Fund 42.9 4 71 5.6 +1.5
MGC Vanguard Mega Cap Index Fund 42.7 7 68 6.0 +1.8
IWL iShares Russell Top 200 ETF 42.6 15 60 5.8 +1.7
JQUA JPMorgan U.S. Quality Factor ETF 42.6 12 63 5.7 +1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 42.6 27 48 5.8 +1.7
FLQL Franklin LibertyQ U.S. Equity ETF 42.5 15 60 6.3 +2.2
AVUS Avantis U.S. Equity ETF 42.0 15 60 6.2 +2.1
BKLC BNY Mellon US Large Cap Core Equity ETF 41.8 0 75 6.0 +1.9
SCIU Global X Scientific Beta US ETF 40.8 19 56 6.0 +1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.8 15 60 7.1 +3.0
SNPE Xtrackers S&P 500 ESG ETF 40.7 10 65 6.0 +1.9
IETC iShares Evolved U.S. Technology ETF 39.7 18 57 5.9 +1.8
FDMO Fidelity Momentum Factor ETF 39.6 29 46 4.2 0.0
SIZE iShares Edge MSCI USA Size Factor ETF 39.4 15 60 6.2 +2.1
SCHG Schwab U.S. Large-Cap Growth ETF 39.3 4 71 5.5 +1.4
SPXT ProShares S&P 500 Ex-Technology ETF 39.1 27 48 5.6 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 38.7 32 43 5.7 +1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 38.6 49 26 5.7 +1.5
TOK iShares MSCI Kokusai ETF 38.4 25 50 6.0 +1.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 38.1 19 56 6.8 +2.6
IGM iShares Expanded Tech Sector ETF 38.0 46 29 5.3 +1.2
OEF iShares S&P 100 ETF 38.0 20 55 5.9 +1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.9 9 66 6.1 +2.0
FEX First Trust Large Cap Core AlphaDEX Fund 37.8 60 15 6.1 +2.0
KRMA Global X Conscious Companies ETF 37.8 43 32 5.9 +1.7
QUS SPDR MSCI USA StrategicFactors ETF 37.6 15 60 6.2 +2.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 37.5 21 54 3.5 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.3 29 46 6.4 +2.2
IWY iShares Russell Top 200 Growth ETF 37.2 20 55 6.1 +2.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 37.2 35 40 5.9 +1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.2 25 50 6.9 +2.7
RBUS Nationwide Risk-Based U.S. Equity ETF 37.1 30 45 4.7 +0.5
IUS Invesco Strategic US ETF 37.1 19 56 7.1 +3.0
AIEQ AI Powered Equity ETF 36.9 87 -12 2.8 -1.4
DSI iShares MSCI KLD 400 Social ETF 36.9 25 50 5.1 +1.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 36.8 35 40 5.9 +1.7
RECS Columbia Research Enhanced Core ETF 36.7 15 60 6.6 +2.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 36.7 17 58 6.6 +2.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 36.5 15 60 5.1 +0.9
EUSA iShares MSCI USA Equal Weighted ETF 36.4 15 60 6.3 +2.2
FQAL Fidelity Quality Factor ETF 36.3 29 46 6.3 +2.1
MGK Vanguard Mega Cap Growth ETF 36.2 7 68 6.2 +2.0
JMOM JPMorgan U.S. Momentum Factor ETF 36.1 12 63 4.0 -0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 36.0 17 58 6.5 +2.3
FTC First Trust Large Cap Growth AlphaDEX Fund 35.8 61 14 2.9 -1.2
QLC FlexShares US Quality Large Cap Index Fund 35.6 32 43 6.0 +1.9
ONEO SPDR Russell 1000 Momentum Focus ETF 35.3 20 55 6.6 +2.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 35.3 60 15 5.4 +1.2
URTH iShares MSCI World ETF 35.2 24 51 6.1 +1.9
QQQ Invesco QQQ Trust 35.2 20 55 5.8 +1.7
QYLD Global X NASDAQ 100 Covered Call ETF 35.2 60 15 5.5 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.2 10 65 5.3 +1.2
SUSL iShares ESG MSCI USA Leaders ETF 35.2 10 65 5.3 +1.2
XLG Invesco S&P 500 Top 50 ETF 35.1 20 55 5.9 +1.7

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%.

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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:
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 25.2 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.