Nationwide Risk-Based International Equity ETF
ALTAR
Score™
6.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
1.4x
P/BV
ratio
1.9x Div.
yield
2.5%


  • 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) $122
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 228
Wgt avg mkt cap (mns) $41,521
Large cap (>$10bn) 89.9%
Mid cap ($2-10bn) 7.7%
Small cap (<$2bn) 0.8%
Developed mkts 96.2%
Emerging mkts 3.8%

TOP TEN HOLDINGS
JARDINE MATHESON HLDGS LTD 1.3 %
NEXON CO LTD 1.3 %
SHIMANO INC 1.2 %
SOFTBANK CORP. 1.2 %
MEIJI HOLDINGS CO LTD 1.0 %
COLOPLAST A/S CLASS B 0.8 %
OSAKA SECURITIES EXCHANGE CO 0.8 %
TOKYO GAS CO LTD 0.8 %
JAPAN TOBACCO INC 0.8 %
CHUGAI PHARMACEUTICAL CO LTD 0.8 %
Total 9.9 %

TOP COUNTRY EXPOSURE
JAPAN 35.3 %
BRITAIN 10.6 %
GERMANY 8.2 %
FRANCE 5.4 %
AUSTRALIA 4.4 %
SWITZERLAND 4.4 %
NETHERLANDS 4.4 %
DENMARK 3.9 %
CHINA 2.7 %
SPAIN 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.9% 6.9% -- -- 4.9%

Market Correlations
versus... Beta R-squared
S&P500 0.67 81%
MSCI EAFE 0.72 93%
MSCI Emg. Mkts. 0.56 71%

Technical Indicators
Recent close $27.68
30d moving avg. $27.33
Annualized volatility 14.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $25,771

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 95 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™: 6.0%


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
(%)
DFAI Dimensional International Core Equity Market ETF 62.6 18 24 6.4 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 39.4 45 -3 6.4 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 39.4 45 -3 6.3 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 39.0 25 17 6.2 +0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 39.0 20 22 5.0 -1.1
TPIF Timothy Plan International ETF 38.7 62 -20 6.1 +0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 37.4 30 12 6.0 -0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 35.6 20 22 6.2 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 35.2 20 22 6.4 +0.3
EFA iShares MSCI EAFE ETF 34.4 32 10 6.2 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 34.2 35 7 6.1 +0.0
RESD WisdomTree International ESG Fund 34.2 30 12 6.5 +0.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 34.1 35 7 5.9 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 34.0 20 22 6.3 +0.3
BKIE BNY Mellon International Equity ETF 33.9 4 38 6.5 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 33.9 25 17 6.0 -0.1
EFG iShares MSCI EAFE Growth ETF 33.5 40 2 4.1 -2.0
HFXI IQ 50 Percent Hedged FTSE International ETF 33.4 20 22 6.4 +0.4
DOL WisdomTree International LargeCap Dividend Fund 33.3 48 -6 7.2 +1.1
JHMD John Hancock Multifactor Developed International ETF 32.7 39 3 6.6 +0.5
IQSI IQ Candriam ESG International Equity ETF 32.6 15 27 6.4 +0.3
DWMF WisdomTree International Multifactor Fund 32.6 38 4 6.2 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 32.2 12 30 6.2 +0.2
RNDM First Trust Developed International Equity Select ETF 31.9 65 -23 5.7 -0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 31.8 7 35 6.5 +0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 31.5 14 28 6.1 +0.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 31.3 30 12 4.1 -1.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 31.1 25 17 5.9 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 30.9 39 3 5.6 -0.5
IEFA iShares Core MSCI EAFE ETF 30.5 7 35 6.5 +0.4
DWM WisdomTree International Equity Fund 30.1 48 -6 7.2 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 30.0 40 2 7.2 +1.2
SCHF Schwab International Equity ETF 30.0 6 36 6.5 +0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 29.4 32 10 5.7 -0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 29.3 80 -38 6.0 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 28.9 45 -3 6.0 -0.1
IEV iShares Europe ETF 28.6 59 -17 6.2 +0.2
FLEE Franklin FTSE Europe ETF 28.4 9 33 6.4 +0.4
BBEU JPMorgan BetaBuilders Europe ETF 28.3 9 33 6.6 +0.6
FLEH Franklin FTSE Europe Hedged ETF 28.3 9 33 6.5 +0.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.3 29 13 7.1 +1.0
IDEV iShares Core MSCI International Developed Markets ETF 28.2 5 37 6.5 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 27.7 4 38 6.2 +0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 27.4 30 12 5.2 -0.8
VGK Vanguard FTSE Europe ETF 27.3 8 34 6.7 +0.7
IDMO Invesco S&P International Developed Momentum ETF 27.3 26 16 3.7 -2.4
VEA Vanguard FTSE Developed Markets ETF 27.1 5 37 6.6 +0.5
JPIN JPMorgan Diversified Return International Equity ETF 27.0 37 5 7.1 +1.0
PDEV Principal International Multi-Factor Core Index ETF 26.9 25 17 7.1 +1.0
IEUR iShares Core MSCI Europe ETF 26.8 9 33 6.6 +0.5
SPEU SPDR Portfolio Europe ETF 26.7 9 33 6.7 +0.7
FDEV Fidelity Targeted International Factor ETF 26.5 39 3 6.2 +0.1
VSGX Vanguard ESG International Stock ETF 26.4 17 25 6.3 +0.3
CWI SPDR MSCI ACWI ex-US ETF 25.8 30 12 6.2 +0.1
ZJPN SPDR Solactive Japan ETF 25.7 14 28 6.5 +0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 25.5 25 17 6.2 +0.2
EWJ iShares MSCI Japan ETF 25.5 51 -9 6.1 +0.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 25.2 45 -3 6.1 +0.0
BBJP JPMorgan BetaBuilders Japan ETF 25.1 19 23 6.4 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 24.8 32 10 6.3 +0.3
FLJP Franklin FTSE Japan ETF 24.7 9 33 6.6 +0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 24.7 29 13 7.3 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 24.6 40 2 6.1 +0.0
FLJH Franklin FTSE Japan Hedged ETF 24.5 9 33 6.5 +0.5
JPXN iShares JPX-Nikkei 400 ETF 24.5 48 -6 6.2 +0.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 24.5 9 33 6.6 +0.6
VWID Virtus WMC International Dividend ETF 24.4 49 -7 7.4 +1.4
IPAC iShares Core MSCI Pacific ETF 24.0 9 33 6.3 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 24.0 35 7 7.7 +1.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.7 45 -3 6.1 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 23.6 8 34 6.7 +0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 23.5 24 18 6.5 +0.5
IQIN IQ 500 International ETF 23.5 25 17 7.6 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 23.4 45 -3 7.6 +1.6
IDHQ Invesco S&P International Developed Quality ETF 23.2 29 13 4.8 -1.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 23.1 16 26 6.0 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 22.3 25 17 7.7 +1.7
NUDM Nuveen ESG International Developed Markets Equity ETF 22.2 40 2 5.9 -0.1
QINT American Century Quality Diversified International ETF 22.1 39 3 5.7 -0.4
IXUS ishares Core MSCI Total International Stock ETF 22.0 9 33 6.4 +0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 21.9 30 12 6.3 +0.2
EZU iShares MSCI Eurozone ETF 21.5 51 -9 6.0 -0.1
EFV iShares MSCI EAFE Value ETF 21.2 39 3 8.4 +2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.1 45 -3 6.0 -0.1
VPL Vanguard FTSE Pacific ETF 20.9 8 34 6.4 +0.4
EURZ Xtrackers Eurozone Equity ETF 20.9 9 33 6.5 +0.4
DOO WisdomTree International Dividend ex-Financials Fund 20.5 58 -16 7.7 +1.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 20.4 58 -16 6.5 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 20.3 39 3 7.4 +1.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 20.2 23 19 6.3 +0.3
IQDG WisdomTree International Quality Dividend Growth Fund 19.8 42 0 6.0 -0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 19.4 58 -16 5.8 -0.3
DTH WisdomTree International High Dividend Fund 19.1 58 -16 8.7 +2.6
IQDE FlexShares International Quality Dividend Defensive Index ET 18.9 47 -5 7.8 +1.8
VXUS Vanguard Total International Stock ETF 18.5 8 34 6.6 +0.5

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 11.6 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.54
 
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.