Defiance Quantum ETF
ALTAR
Score™
4.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.9x P/Sales
ratio
2.4x
P/BV
ratio
3.6x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Defiance Quantum ETF tracks an index of equity securities of leading global companies engaged in the research and development or commercialization of systems and materials used in quantum computing.

FUND BASICS
Category Global Equities
Fund Sponsor Defiance ETFs
Website www.defianceetfs.com
Inception date Sep 04, 2018
Assets (mns) $47
Currency USD
Expense ratio 40 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 80
Wgt avg mkt cap (mns) $128,495
Large cap (>$10bn) 66.6%
Mid cap ($2-10bn) 17.7%
Small cap (<$2bn) 14.0%
Developed mkts 88.9%
Emerging mkts 11.1%

TOP TEN HOLDINGS
CERENCE INC 2.2 %
MICROSTRATEGY INC-CL A 2.1 %
NUANCE COMMUNICATIONS INC 1.8 %
TAIWAN SEMICONDUCTOR-SP ADR 1.8 %
MACDONALD DETTWILER & ASSOC 1.7 %
BROOKS AUTOMATION INC 1.7 %
ON SEMICONDUCTOR CORPORATION 1.7 %
IQE PLC 1.6 %
QUALCOMM INC 1.6 %
ADVANCED MICRO DEVICES 1.6 %
Total 17.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 60.2 %
JAPAN 8.5 %
TAIWAN 5.8 %
NETHERLANDS 5.1 %
SOUTH KOREA 3.4 %
GERMANY 3.2 %
IRELAND 2.3 %
FRANCE 2.2 %
BRITAIN 1.6 %
SWITZERLAND 1.4 %

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.
12.3% 22.6% -- -- 15.5%

Market Correlations
versus... Beta R-squared
S&P500 1.12 89%
MSCI EAFE 1.24 88%
MSCI Emg. Mkts. 0.96 79%

Technical Indicators
Recent close $39.12
30d moving avg. $35.78
Annualized volatility 24.5%
Short interest (ETF) 0.4%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $51,057

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Defiance Quantum ETF ETF based on the alternatives' overlap in portfolio holdings with QTUM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QTUM Expense: 40 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QTUM
Ticker Fund
Name
Overlap1
vs QTUM
(%)
Expense
ratio
(bp)
Savings
vs QTUM
(bp)
ALTAR
Score™
(%)
ALTAR
vs QTUM
(%)
JHMT John Hancock Multifactor Technology ETF 29.5 40 0 4.3 -0.6
RYT Invesco S&P 500 Equal Weight Technology ETF 28.7 40 0 6.0 +1.1
SMH VanEck Vectors Semiconductor ETF 26.9 35 5 4.8 -0.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 26.1 57 -17 4.5 -0.4
SOXX iShares PHLX Semiconductor ETF 25.2 46 -6 4.9 -0.0
FTXL First Trust Nasdaq Semiconductor ETF 24.2 60 -20 3.9 -1.0
XNTK SPDR NYSE Technology ETF 23.2 35 5 3.2 -1.7
NXTG First Trust Indxx NextG ETF 22.5 70 -30 5.5 +0.6
PSI Invesco Dynamic Semiconductors ETF 22.2 57 -17 4.0 -0.9
IRBO iShares Robotics & Artificial Intelligence ETF 22.2 47 -7 2.4 -2.5
XSD SPDR S&P Semiconductor ETF 21.9 35 5 3.5 -1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.9 75 -35 3.9 -1.0
AIQ Global X Future Analytics Tech ETF 21.4 68 -28 3.7 -1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 20.9 59 -19 4.0 -0.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 20.9 35 5 4.2 -0.7
FXL First Trust Technology AlphaDEX Fund 20.8 61 -21 3.6 -1.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 20.8 68 -28 5.1 +0.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 20.3 50 -10 6.2 +1.3
THNQ ROBO Global Artificial Intelligence ETF 20.2 68 -28 1.5 -3.5
IXN iShares Global Tech ETF 20.1 46 -6 4.1 -0.8
IYW iShares U.S. Technology ETF 20.0 43 -3 3.6 -1.3
FTEC Fidelity MSCI Information Technology Index ETF 19.3 8 32 4.2 -0.7
VGT Vanguard Information Technology Index Fund 19.2 10 30 4.2 -0.7
PEXL Pacer US Export Leaders ETF 18.8 60 -20 5.4 +0.5
LEGR First Trust Index Digital Transaction & Process Technology E 18.7 65 -25 8.7 +3.8
IGM iShares Expanded Tech Sector ETF 18.6 46 -6 3.5 -1.4
XT iShares Exponential Technologies ETF 18.6 47 -7 4.6 -0.3
XLK Technology Select Sector SPDR Fund 18.4 13 27 4.5 -0.4
DRIV Global X Autonomous & Electric Vehicles ETF 18.1 68 -28 4.8 -0.1
RPG Invesco S&P 500 Pure Growth ETF 18.0 35 5 4.1 -0.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 17.8 46 -6 4.4 -0.5
RNLC Large Cap US Equity Select ETF 17.4 60 -20 5.5 +0.6
FLQL Franklin LibertyQ U.S. Equity ETF 17.4 15 25 5.8 +0.9
ROBO Robo Global Robotics & Automation Index ETF 17.3 95 -55 2.8 -2.1
IQM Franklin Intelligent Machines ETF 16.6 50 -10 1.6 -3.3
TECB iShares US Tech Breakthrough Multisector ETF 16.6 40 0 3.8 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 16.3 12 28 5.1 +0.2
IETC iShares Evolved U.S. Technology ETF 15.6 18 22 3.6 -1.3
FIVG Defiance Next Gen Connectivity ETF 15.4 30 10 4.4 -0.5
IDRV iShares Self-driving EV & Tech ETF 14.5 47 -7 5.4 +0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 14.3 15 25 5.8 +0.9
JVAL JPMorgan U.S. Value Factor ETF 14.3 12 28 7.5 +2.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 14.2 65 -25 2.7 -2.3
GBGR Global Beta Momentum-Growth ETF 14.0 29 11 5.1 +0.2
QYLD Global X NASDAQ 100 Covered Call ETF 13.9 60 -20 3.3 -1.6
NUSI Nationwide Risk-Managed Income ETF 13.7 68 -28 3.5 -1.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 13.7 60 -20 3.3 -1.6
VEGN US Vegan Climate ETF 13.7 60 -20 4.7 -0.3
QQQM Invesco NASDAQ 100 ETF 13.6 15 25 3.7 -1.2
QQQ Invesco QQQ Trust 13.6 20 20 3.7 -1.3
KOIN Innovation Shares NextGen Protocol ETF 13.6 95 -55 4.1 -0.9
BLOK Amplify Transformational Data Sharing ETF 13.4 70 -30 5.4 +0.5
DSTL Distillate US Fundamental Stability & Value ETF 13.4 39 1 5.9 +1.0
RDVY First Trust Rising Dividend Achievers ETF 13.3 50 -10 6.9 +2.0
VOOG Vanguard S&P 500 Growth ETF 13.1 10 30 4.1 -0.8
CACG ClearBridge All Cap Growth ETF 12.9 54 -14 4.0 -0.9
IVW iShares S&P 500 Growth ETF 12.7 18 22 4.0 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 12.7 4 36 4.1 -0.8
FVL First Trust Value Line 100 Exchange-Traded Fund 12.6 70 -30 4.9 -0.1
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 12.5 59 -19 3.7 -1.2
IUSG iShares Core S&P US Growth ETF 12.5 4 36 4.1 -0.8
FLLV Franklin Liberty U.S. Low Volatility ETF 12.4 29 11 5.2 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.3 19 21 5.5 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 12.3 15 25 5.4 +0.5
DIVB iShares U.S. Dividend & Buyback ETF 12.3 25 15 6.1 +1.2
PWB Invesco Dynamic Large Cap Growth ETF 12.2 56 -16 3.2 -1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 12.2 25 15 5.7 +0.8
WUGI Esoterica NextG Economy ETF 12.2 75 -35 1.3 -3.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.2 28 12 6.1 +1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 12.2 27 13 4.6 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 12.1 27 13 4.6 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 12.0 8 32 5.9 +1.0
FDRR Fidelity Dividend ETF for Rising Rates 11.9 29 11 6.3 +1.4
ACWF iShares FactorSelect MSCI Global ETF 11.9 35 5 7.4 +2.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.9 21 19 2.8 -2.1
FVAL Fidelity Value Factor ETF 11.8 29 11 7.1 +2.2
IQSU IQ Candriam ESG US Equity ETF 11.8 9 31 4.7 -0.2
ESGV Vanguard ESG U.S. Stock ETF 11.8 12 28 4.7 -0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 11.7 60 -20 3.8 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.7 49 -9 3.9 -1.0
QGRO American Century STOXX U.S. Quality Growth ETF 11.7 29 11 3.1 -1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 11.7 9 31 5.2 +0.3
IWF iShares Russell 1000 Growth ETF 11.6 19 21 3.6 -1.3
SPHQ Invesco S&P 500 Quality ETF 11.5 15 25 4.4 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 11.5 0 40 4.7 -0.2
IWL iShares Russell Top 200 ETF 11.5 15 25 4.6 -0.3
MGC Vanguard Mega Cap Index Fund 11.5 7 33 4.8 -0.2
AFLG First Trust Active Factor Large Cap ETF 11.5 55 -15 4.9 -0.0
VONG Vanguard Russell 1000 Growth Index Fund 11.4 8 32 3.7 -1.2
ESGU iShares MSCI USA ESG Optimized ETF 11.4 15 25 4.6 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 11.4 30 10 6.0 +1.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 11.4 37 3 5.6 +0.7
PBP Invesco S&P 500 BuyWrite ETF 11.4 49 -9 4.6 -0.3
QDF FlexShares Quality Dividend Index Fund 11.4 37 3 5.7 +0.8
FQAL Fidelity Quality Factor ETF 11.4 29 11 5.1 +0.2
IWY iShares Russell Top 200 Growth ETF 11.3 20 20 3.7 -1.2
IUS Invesco Strategic US ETF 11.3 19 21 5.7 +0.8
KRMA Global X Conscious Companies ETF 11.3 43 -3 4.8 -0.1
LRGE ClearBridge Large Cap Growth ESG ETF 11.3 59 -19 3.5 -1.4

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:
Defiance Quantum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.1 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.48
 
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.