Nationwide Risk-Based U.S. Equity
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
RBUS tracks an index of approximately 250 U.S. large cap stocks that are selected and weighted according to volatility, cross-correlation, and the Sharpe ratio. |
Category | US Equities |
Fund Sponsor | Nationwide Fund Advisors |
Website | nationwidefinancial.com |
Inception date | Sep 18, 2017 |
Assets (mns) | $120 |
Currency | USD |
Expense ratio | 30 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Technical |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 249 |
Wgt avg mkt cap (mns) | $53,848 |
Large cap (>$10bn) | 93.4% |
Mid cap ($2-10bn) | 6.6% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 99.5% |
Emerging mkts | 0.5% |
NEWMONT MINING CORP | 3.5 % |
WESTAR ENERGY INC | 0.8 % |
AUTOZONE INC | 0.7 % |
SOUTHERN CO | 0.7 % |
CBOE HOLDINGS INC | 0.6 % |
AMERICAN ELECTRIC POWER | 0.6 % |
DOMINION RESOURCES INC/VA | 0.6 % |
LAMB WESTON HOLDINGS, INC. | 0.6 % |
PPL CORPORATION | 0.6 % |
NEXTERA ENERGY GROUP | 0.6 % | Total | 9.4 % |
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UNITED STATES | 93.0 % |
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IRELAND | 2.2 % |
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BRITAIN | 1.5 % |
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BERMUDA | 0.8 % |
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SWITZERLAND | 0.7 % |
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PERU | 0.5 % |
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ISRAEL | 0.4 % |
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CHINA | 0.3 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
25.0% | 14.8% | -- | -- | 11.2% |
versus... | Beta | R-squared |
S&P500 | 0.73 | 88% |
MSCI EAFE | 0.76 | 71% |
MSCI Emg. Mkts. | 0.51 | 49% |
Recent close | $30.47 |
30d moving avg. | $30.13 |
Annualized volatility | 11.0% |
Short interest (ETF) | 0.0% |
Relative strength (RSI) | 64 |
Avg. volume (thou.) | 0 |
Turnover | 0.0% |
Bid/Ask (% of price) | 0.13% |
ADV underlying (mns) | $65,271 |
FINDING ALTERNATIVE FUNDS
Below is a list of 20 potential alternatives to the Nationwide Risk-Based U.S. Equity ETF based on the alternatives' overlap in portfolio holdings with RBUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | RBUS | Expense: | 30 bp | ALTAR Score™: | 6.1% |
Ticker | Fund Name |
Overlap1 vs RBUS (%) |
Expense ratio (bp) |
Savings vs RBUS (bp) |
ALTAR Score™ (%) |
ALTAR vs RBUS (%) |
JMIN | JPMorgan U.S. Minimum Volatility | 55.2 | 12 | 18 | 5.6 | -0.5 |
SCIU | Global X Scientific Beta US | 51.4 | 19 | 11 | 5.7 | -0.4 |
JPUS | JPMorgan Diversified Return U.S. Equity | 50.7 | 19 | 11 | 6.3 | +0.2 |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity | 46.3 | 9 | 21 | 6.0 | -0.1 |
PQLC | PGIM QMA Strategic Alpha Large-Cap Core | 45.2 | 17 | 13 | 7.0 | +0.9 |
RNLC | Large Cap US Equity Select | 44.3 | 60 | -30 | 6.3 | +0.3 |
CFO | Victory CEMP US 500 Enhanced Volatility Wtd | 44.3 | 35 | -5 | 6.1 | 0.0 |
CFA | Compass EMP US 500 Volatility Weighted | 44.3 | 35 | -5 | 6.1 | -0.0 |
USMV | iShares MSCI USA Minimum Volatility | 44.0 | 15 | 15 | 5.2 | -0.9 |
RSP | Invesco S&P 500 Equal Weight | 43.9 | 20 | 10 | 6.8 | +0.7 |
FEX | First Trust Large Cap Core Alphadex | 42.8 | 61 | -31 | 6.4 | +0.3 |
USLB | Invesco Russell 1000 Low Beta Equal Weight | 41.6 | 35 | -5 | 5.8 | -0.3 |
MXDU | Nationwide Maximum Diversification US Core Equity | 41.6 | 34 | -4 | 5.6 | -0.5 |
GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity | 41.5 | 9 | 21 | 6.1 | +0.0 |
DEUS | Xtrackers Russell 1000 Comprehensive Factor | 40.7 | 17 | 13 | 6.4 | +0.3 |
JHML | John Hancock Multifactor Large Cap | 40.5 | 34 | -4 | 6.0 | -0.1 |
QUS | SPDR MSCI USA Quality Mix | 40.3 | 15 | 15 | 6.0 | -0.1 |
DYNF | BlackRock U.S. Equity Factor Rotation | 40.1 | 30 | 0 | 6.5 | +0.4 |
SPXT | ProShares S&P 500 Ex-Technology | 38.3 | 27 | 3 | 6.0 | -0.1 |
SIZE | iShares MSCI USA Size Factor | 37.5 | 15 | 15 | 6.3 | +0.2 |
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
2014 | 2015 | 2016 | 2017 | 2018 | 2019E | 2020E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2018 | 2019E | 2020E | |
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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 U.S. Equity | |||
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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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