Nationwide Risk-Based International Equity ETF
ALTAR
Score™
6.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.1x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Nationwide Risk-Based International Equity ETF tracks an index of large-cap stocks from developed countries, excluding US and Canada, that are selected and weighted for lower portfolio risk.

FUND BASICS
Category International Equities
Fund Sponsor Nationwide Fund Advisors
Website nationwidefinancial.com
Inception date Sep 15, 2017
Assets (mns) $110
Currency USD
Expense ratio 42 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 227
Wgt avg mkt cap (mns) $35,194
Large cap (>$10bn) 79.5%
Mid cap ($2-10bn) 20.1%
Small cap (<$2bn) 0.4%
Developed mkts 96.4%
Emerging mkts 3.6%

TOP TEN HOLDINGS
SOFTBANK CORP. 1.2 %
CHUGAI PHARMACEUTICAL CO LTD 1.1 %
NITORI CO LTD 0.9 %
NEXON CO LTD 0.9 %
SHIMANO INC 0.8 %
MEIJI HOLDINGS CO LTD 0.8 %
COLOPLAST A/S CLASS B 0.8 %
OSAKA SECURITIES EXCHANGE CO 0.8 %
NIPPON PAINT CO LTD 0.8 %
JAPAN TOBACCO INC 0.8 %
Total 9.0 %

TOP COUNTRY EXPOSURE
JAPAN 34.9 %
BRITAIN 11.0 %
FRANCE 6.1 %
GERMANY 6.1 %
AUSTRALIA 4.5 %
SWITZERLAND 4.2 %
DENMARK 4.0 %
NETHERLANDS 3.9 %
CHINA 3.2 %
SPAIN 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.4% -0.7% -- -- -0.4%

Market Correlations
versus... Beta R-squared
S&P500 0.65 80%
MSCI EAFE 0.76 92%
MSCI Emg. Mkts. 0.56 76%

Technical Indicators
Recent close $24.05
30d moving avg. $22.48
Annualized volatility 13.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $20,822

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Nationwide Risk-Based International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with RBIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RBIN Expense: 42 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RBIN
Ticker Fund
Name
Overlap1
vs RBIN
(%)
Expense
ratio
(bp)
Savings
vs RBIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs RBIN
(%)
IDLV Invesco S&P International Developed Low Volatility ETF 38.2 25 17 6.9 +0.4
CIL VictoryShares International Volatility Weighted Index ETF 35.9 45 -3 6.7 +0.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 35.3 20 22 5.9 -0.6
TPIF Timothy Plan International ETF 33.9 62 -20 7.0 +0.5
RNDM Developed International Equity Select ETF 33.1 65 -23 6.4 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 32.9 30 12 6.8 +0.3
JPEU JPMorgan Diversified Return Europe Equity ETF 32.3 37 5 6.8 +0.3
EFG iShares MSCI EAFE Growth ETF 32.1 40 2 4.7 -1.7
ESGD iShares MSCI EAFE ESG Optimized ETF 31.8 20 22 7.2 +0.7
JHMD John Hancock Multifactor Developed International ETF 31.7 45 -3 7.4 +1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 31.5 20 22 7.5 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 31.4 20 22 7.3 +0.8
EFA iShares MSCI EAFE ETF 31.0 32 10 7.2 +0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 30.7 35 7 7.0 +0.6
IQSI IQ Candriam ESG International Equity ETF 30.2 15 27 7.3 +0.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 29.8 48 -6 0.0 -6.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 29.8 30 12 5.0 -1.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 29.3 7 35 7.6 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 29.0 25 17 6.8 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 28.7 14 28 7.0 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 28.2 39 3 6.7 +0.2
IEFA iShares Core MSCI EAFE ETF 28.0 7 35 7.3 +0.8
JPIN JPMorgan Diversified Return International Equity ETF 28.0 38 4 8.0 +1.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 27.9 80 -38 6.0 -0.4
SCHF Schwab International Equity ETF 27.7 6 36 7.4 +0.9
DWM WisdomTree International Equity Fund 27.7 48 -6 8.2 +1.8
EUMV iShares Edge MSCI Min Vol Europe ETF 27.6 25 17 5.5 -1.0
SCID Global X Scientific Beta Europe ETF 27.5 38 4 6.9 +0.4
DOL WisdomTree International LargeCap Dividend Fund 27.3 48 -6 8.5 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.2 35 7 8.6 +2.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.9 25 17 6.7 +0.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 26.6 30 12 6.8 +0.4
IEV iShares Europe ETF 26.5 59 -17 6.8 +0.4
FLEE Franklin FTSE Europe ETF 26.4 9 33 7.0 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 26.3 4 38 7.2 +0.8
FLEH Franklin FTSE Europe Hedged ETF 26.2 9 33 7.2 +0.7
DWMF WisdomTree International Multifactor Fund 26.2 38 4 6.8 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.9 32 10 6.5 +0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 25.9 45 -3 6.8 +0.3
JPMV iShares Edge MSCI Min Vol Japan ETF 25.9 30 12 6.9 +0.5
FDEV Fidelity Targeted International Factor ETF 25.8 39 3 6.5 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 25.8 9 33 7.3 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 25.7 5 37 7.3 +0.8
QJPN SPDR MSCI Japan StrategicFactors ETF 25.7 14 28 8.0 +1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 25.6 29 13 8.1 +1.6
EWJ iShares MSCI Japan ETF 25.0 49 -7 7.4 +1.0
IEUR iShares Core MSCI Europe ETF 25.0 9 33 7.3 +0.8
VEA Vanguard FTSE Developed Markets ETF 24.9 5 37 7.4 +1.0
VGK Vanguard FTSE Europe ETF 24.9 8 34 7.3 +0.8
FEU SPDR Portfolio Europe ETF 24.8 9 33 7.3 +0.8
MVIN Natixis Seeyond International Minimum Volatility ETF 24.8 55 -13 5.8 -0.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.8 45 -3 7.4 +0.9
BBJP JPMorgan BetaBuilders Japan ETF 24.6 19 23 7.7 +1.2
CWI SPDR MSCI ACWI ex-US ETF 24.4 30 12 7.6 +1.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.4 25 17 7.6 +1.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 24.4 30 12 7.6 +1.1
FNDF Schwab Fundamental International Large Co. Index ETF 24.3 25 17 8.7 +2.2
FLJP Franklin FTSE Japan ETF 24.2 9 33 7.8 +1.4
JPXN iShares JPX-Nikkei 400 ETF 24.2 48 -6 7.5 +1.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 24.2 9 33 7.9 +1.5
FLJH Franklin FTSE Japan Hedged ETF 23.9 9 33 7.7 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 23.9 32 10 7.5 +1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 23.9 83 -41 6.3 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.7 30 12 6.2 -0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 23.6 24 18 7.2 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.5 40 2 7.4 +1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 23.4 45 -3 8.8 +2.4
IQIN IQ 500 International ETF 23.0 25 17 9.0 +2.5
JPGE JPMorgan Diversified Return Global Equity ETF 23.0 29 13 7.3 +0.9
IPAC iShares Core MSCI Pacific ETF 22.8 9 33 7.5 +1.0
ISZE iShares Edge MSCI Intl Size Factor ETF 22.8 30 12 6.9 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 22.7 8 34 7.7 +1.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 22.7 16 26 7.1 +0.7
PDEV Principal International Multi-Factor Core Index ETF 22.5 25 17 7.9 +1.4
IXUS ishares Core MSCI Total International Stock ETF 21.6 9 33 7.6 +1.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 21.4 45 -3 7.2 +0.7
ISDX Invesco Strategic Developed ex-US ETF 21.3 23 19 7.4 +1.0
VXUS Vanguard Total International Stock Index Fund 21.1 8 34 7.7 +1.3
VSGX Vanguard ESG International Stock ETF 20.6 17 25 7.4 +1.0
IDY Pacific Global International Equity Income ETF 20.5 39 3 8.0 +1.6
QINT American Century Quality Diversified International ETF 20.4 39 3 5.9 -0.5
VPL Vanguard FTSE Pacific ETF 20.4 8 34 7.8 +1.4
EURZ Xtrackers Eurozone Equity ETF 20.1 9 33 7.0 +0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.1 29 13 8.6 +2.2
EWJE iShares MSCI Japan Equal Weighted ETF 20.0 15 27 7.1 +0.6
SCIJ Global X Scientific Beta Japan ETF 19.9 39 3 7.2 +0.7
OEUR O'shares FTSE Europe Quality Dividend ETF 19.7 48 -6 6.6 +0.2
PIZ Invesco DWA Developed Markets Momentum ETF 19.6 80 -38 4.3 -2.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.2 45 -3 6.8 +0.3
EZU iShares MSCI Eurozone ETF 19.1 49 -7 6.7 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 18.8 45 -3 6.9 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.8 39 3 9.1 +2.6
IDHQ Invesco S&P International Developed High Quality ETF 18.7 29 13 5.4 -1.0
IDMO Invesco S&P International Developed Momentum ETF 18.4 25 17 4.7 -1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 18.3 40 2 6.9 +0.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.8 35 7 8.6 +2.1
EFV iShares MSCI EAFE Value ETF 17.6 39 3 10.0 +3.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 17.4 83 -41 7.1 +0.6
VYMI Vanguard International High Dividend Yield ETF 17.3 32 10 10.1 +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:
Nationwide Risk-Based International Equity 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 11.7 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.59
 
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.