Qraft Ai-Enhanced U.S. Large Cap ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
2.4x
P/BV
ratio
5.4x Div.
yield
1.4%


  • 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 21, 2019
Assets (mns) $3
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) $347,776
Large cap (>$10bn) 93.8%
Mid cap ($2-10bn) 6.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.5 %
APPLE INC 7.9 %
AMAZON.COM INC 6.9 %
FACEBOOK 3.0 %
WAL-MART STORES INC 2.3 %
PROCTER & GAMBLE CO/THE 1.8 %
MASTERCARD INC-CLASS A 1.7 %
ALPHABET INC. CLASS A 1.6 %
HOME DEPOT INC 1.4 %
PEPSICO INC 1.2 %
Total 36.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 1.4 %
CANADA 1.0 %
BRITAIN 0.6 %
SWITZERLAND 0.2 %
CHINA 0.2 %
BERMUDA 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $23.45
30d moving avg. $25.06
Annualized volatility 0.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.8%
Bid/Ask (% of price) 0.95%
ADV underlying (mns) $249,958

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™: 4.9%


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
(%)
IWF iShares Russell 1000 Growth ETF 59.9 19 56 5.5 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 59.8 8 67 5.6 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 59.0 4 71 5.6 +0.8
VOOG Vanguard S&P 500 Growth ETF 58.9 10 65 5.6 +0.7
IVW iShares S&P 500 Growth ETF 58.9 18 57 5.5 +0.6
IUSG iShares Core S&P US Growth ETF 58.6 4 71 5.7 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 58.1 60 15 5.8 +0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 56.8 9 66 7.1 +2.3
VUG Vanguard Growth Index Fund 56.0 4 71 5.4 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 53.6 4 71 5.5 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 53.6 27 48 6.5 +1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 53.2 12 63 6.5 +1.7
HSPX Global X S&P 500 Covered Call ETF 52.8 65 10 6.3 +1.5
PBP Invesco S&P 500 BuyWrite ETF 52.3 49 26 6.5 +1.6
SFY SoFi Select 500 ETF 52.2 0 75 6.5 +1.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 51.6 29 46 5.5 +0.6
IQSU IQ Candriam ESG US Equity ETF 51.5 9 66 6.5 +1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 51.2 49 26 5.3 +0.5
IWY iShares Russell Top 200 Growth ETF 50.8 20 55 5.4 +0.6
IETC iShares Evolved U.S. Technology ETF 50.1 18 57 5.2 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 50.0 27 48 6.8 +2.0
VV Vanguard Large-Cap Index Fund 49.9 4 71 6.8 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 49.6 2 73 6.9 +2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 49.6 27 48 6.6 +1.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 49.5 20 55 6.5 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 49.5 15 60 6.5 +1.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 49.5 20 55 6.9 +2.1
SPY SPDR S&P 500 ETF Trust 49.4 9 66 6.9 +2.0
PBUS Invesco PureBeta MSCI USA ETF 49.4 4 71 6.9 +2.1
VOO VANGUARD S&P 500 ETF 49.4 3 72 6.9 +2.1
SPLG SPDR Portfolio Large Cap ETF 49.3 3 72 7.0 +2.1
IVV iShares Core S&P 500 ETF 49.3 4 71 6.9 +2.1
IGM iShares North American Tech ETF 49.3 46 29 5.1 +0.3
SCHX Schwab U.S. Large-Cap ETF 49.1 3 72 6.9 +2.0
VONE Vanguard Russell 1000 ETF 48.7 8 67 6.9 +2.0
ESGV Vanguard ESG U.S. Stock ETF 48.5 12 63 6.8 +1.9
OEF iShares S&P 100 ETF 48.3 20 55 6.2 +1.4
JHML John Hancock Multifactor Large Cap ETF 48.2 34 41 7.2 +2.4
IWB iShares Russell 1000 ETF 48.1 15 60 6.8 +1.9
MGC Vanguard Mega Cap Index Fund 48.1 7 68 6.7 +1.8
SNPE Xtrackers S&P 500 ESG ETF 48.0 11 64 6.7 +1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 48.0 15 60 6.7 +1.9
IWL iShares Russell Top 200 ETF 48.0 15 60 6.5 +1.6
SCHK Schwab 1000 Index ETF 47.9 5 70 6.9 +2.0
MGK Vanguard Mega Cap Growth ETF 47.7 7 68 5.5 +0.6
QYLD Global X NASDAQ 100 Covered Call ETF 47.7 60 15 4.8 -0.0
IYY iShares Dow Jones U.S. ETF 47.6 20 55 6.8 +1.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 47.5 21 54 4.2 -0.6
NUSI Nationwide Risk-Managed Income ETF 47.3 68 7 4.8 -0.1
QQQ Invesco QQQ Trust 47.2 20 55 5.2 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 46.9 3 72 7.1 +2.2
VTHR Vanguard Russell 3000 Index Fund 46.5 10 65 6.8 +1.9
EXT WisdomTree U.S. Total Earnings Fund 46.2 28 47 7.4 +2.6
SCHB Schwab U.S. Broad Market ETF 46.1 3 72 6.9 +2.0
VTI Vanguard Total Stock Market Index Fund 46.1 3 72 6.8 +1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.0 3 72 6.8 +1.9
IWV iShares Russell 3000 ETF 45.9 20 55 6.7 +1.8
CATH Global X S&P 500 Catholic Values Custom ETF 45.8 29 46 6.8 +1.9
XLG Invesco S&P 500 Top 50 ETF 45.1 20 55 5.8 +1.0
TMFC Motley Fool 100 Index ETF 44.3 50 25 4.9 +0.1
AVUS Avantis U.S. Equity ETF 44.3 15 60 7.8 +2.9
RECS Columbia Research Enhanced Core ETF 44.3 15 60 7.3 +2.5
JQUA JPMorgan U.S. Quality Factor ETF 43.7 12 63 6.5 +1.7
ESG FlexShares STOXX US ESG Impact Index Fund 43.5 32 43 6.6 +1.8
QUS SPDR MSCI USA StrategicFactors ETF 43.5 15 60 7.1 +2.3
EPS WisdomTree U.S. Earnings 500 Fund 43.1 8 67 8.3 +3.4
IUS Invesco Strategic US ETF 42.5 19 56 7.7 +2.9
AFLG First Trust Active Factor Large Cap ETF 42.4 55 20 7.5 +2.6
DSI iShares MSCI KLD 400 Social ETF 42.4 25 50 6.6 +1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.2 19 56 7.4 +2.5
NACP Impact Shares NAACP Minority Empowerment ETF 41.5 75 0 6.0 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 41.2 12 63 5.0 +0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 40.3 9 66 7.8 +2.9
FDMO Fidelity Momentum Factor ETF 40.3 29 46 5.4 +0.5
FLQL Franklin LibertyQ U.S. Equity ETF 40.3 15 60 7.9 +3.0
IYW iShares U.S. Technology ETF 39.6 42 33 5.4 +0.6
SUSL iShares ESG MSCI USA Leaders ETF 39.5 10 65 6.8 +2.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 39.5 10 65 6.8 +2.0
EUSA iShares MSCI USA Equal Weighted ETF 39.2 15 60 8.1 +3.3
SIZE iShares Edge MSCI USA Size Factor ETF 39.2 15 60 8.0 +3.1
VEGN US Vegan Climate ETF 39.1 60 15 6.9 +2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 38.8 30 45 7.8 +2.9
TOK iShares MSCI Kokusai ETF 38.7 25 50 7.2 +2.3
FQAL Fidelity Quality Factor ETF 38.1 29 46 6.9 +2.0
RSP Invesco S&P 500 Equal Weight ETF 37.9 20 55 8.5 +3.6
JKE iShares Morningstar Large-Cap Growth ETF 37.4 25 50 4.5 -0.3
VGT Vanguard Information Technology Index Fund 37.4 10 65 6.0 +1.2
FTEC Fidelity MSCI Information Technology Index ETF 37.4 8 67 6.0 +1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.3 25 50 8.3 +3.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 37.2 25 50 8.1 +3.3
CFA Victory CEMP US 500 Volatility Weighted Index ETF 37.1 35 40 7.8 +3.0
WOMN Impact Shares YWCA Women's Empowerment ETF 37.0 75 0 6.1 +1.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 36.9 75 0 3.9 -0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.8 29 46 8.0 +3.1
URTH iShares MSCI World ETF 36.1 24 51 7.3 +2.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 35.9 25 50 8.2 +3.3
SPXT ProShares S&P 500 Ex-Technology ETF 35.8 27 48 7.2 +2.3
RWL Invesco S&P 500 Revenue ETF 35.6 39 36 8.9 +4.1
SCIU Global X Scientific Beta US ETF 35.3 19 56 7.4 +2.5
DIVB iShares U.S. Dividend & Buyback ETF 35.2 25 50 8.5 +3.7

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 28.2 %
Divided by: Fwd. P/BV 5.0 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.