Nationwide Risk-Based U.S. Equity ETF
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
2.1x
P/BV
ratio
4.3x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium 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.

FUND BASICS
Category US Equities
Fund Sponsor Nationwide Fund Advisors
Website nationwidefinancial.com
Inception date Sep 15, 2017
Assets (mns) $105
Currency USD
Expense ratio 30 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 250
Wgt avg mkt cap (mns) $66,540
Large cap (>$10bn) 93.1%
Mid cap ($2-10bn) 6.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ZOOM VIDEO COMMUNICATIONS, INC. CL 4.9 %
MODERNA, INC. 1.2 %
QIAGEN NV 1.2 %
KROGER CO 0.9 %
TIFFANY & CO 0.8 %
NEWMONT MINING CORP 0.8 %
C.H. ROBINSON WORLDWIDE INC 0.7 %
CLOROX COMPANY 0.7 %
JM SMUCKER CO/THE 0.6 %
DOMINO'S PIZZA INC 0.6 %
Total 12.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.5 %
IRELAND 3.3 %
BRITAIN 2.0 %
NETHERLANDS 1.5 %
CHINA 0.6 %
ISRAEL 0.4 %
LUXEMBOURG 0.4 %
ITALY 0.4 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.6% 13.0% -- -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 0.87 91%
MSCI EAFE 0.90 81%
MSCI Emg. Mkts. 0.62 63%

Technical Indicators
Recent close $31.57
30d moving avg. $31.91
Annualized volatility 16.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.3%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $11,769

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Nationwide Risk-Based U.S. Equity ETF 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™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RBUS
Ticker Fund
Name
Overlap1
vs RBUS
(%)
Expense
ratio
(bp)
Savings
vs RBUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs RBUS
(%)
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 50.2 35 -5 5.6 +0.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 49.7 17 13 6.6 +1.9
SCIU Global X Scientific Beta US ETF 47.4 19 11 5.7 +1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 45.3 12 18 5.6 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 44.4 9 21 6.1 +1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 44.0 35 -5 5.9 +1.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 43.4 35 -5 5.9 +1.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 42.6 34 -4 5.0 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 40.6 18 12 6.3 +1.6
SIZE iShares Edge MSCI USA Size Factor ETF 39.7 15 15 6.2 +1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.6 9 21 6.3 +1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 39.4 17 13 6.5 +1.8
RSP Invesco S&P 500 Equal Weight ETF 39.0 20 10 6.7 +2.0
ROUS Hartford Multifactor US Equity ETF 38.9 19 11 6.6 +1.9
SPLV Invesco S&P 500 Low Volatility ETF 38.4 25 5 5.6 +0.8
ALTL Pacer Lunt Large Cap Alternator ETF 38.4 60 -30 5.2 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 37.7 60 -30 6.1 +1.4
EUSA iShares MSCI USA Equal Weighted ETF 37.4 15 15 6.3 +1.6
TPLC Timothy Plan US Large Cap Core ETF 37.2 52 -22 5.5 +0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.1 75 -45 4.2 -0.5
USMF WisdomTree U.S. Multifactor Fund 36.6 28 2 5.9 +1.1
JHML John Hancock Multifactor Large Cap ETF 36.3 29 1 6.0 +1.3
USMV iShares Edge MSCI Min Vol USA ETF 35.7 15 15 5.6 +0.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.1 4 26 5.6 +0.9
RNLC Large Cap US Equity Select ETF 34.8 60 -30 6.3 +1.6
AFLG First Trust Active Factor Large Cap ETF 34.6 55 -25 6.4 +1.7
ONEO SPDR Russell 1000 Momentum Focus ETF 34.1 20 10 6.6 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 34.0 15 15 6.3 +1.5
SPXT ProShares S&P 500 Ex-Technology ETF 33.5 27 3 5.6 +0.9
IWR iShares Russell Midcap ETF 33.3 19 11 5.7 +1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 33.3 25 5 5.9 +1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 33.2 30 0 6.7 +2.0
FLQL Franklin LibertyQ U.S. Equity ETF 33.2 15 15 6.4 +1.7
EXT WisdomTree U.S. Total Earnings Fund 32.9 28 2 6.2 +1.5
SFY SoFi Select 500 ETF 32.4 0 30 5.7 +0.9
JMOM JPMorgan U.S. Momentum Factor ETF 32.1 12 18 4.0 -0.7
PBUS Invesco PureBeta MSCI USA ETF 31.6 4 26 6.0 +1.3
DEF Invesco Defensive Equity ETF 31.4 55 -25 5.3 +0.6
VO Vanguard Mid-Cap Index Fund 31.2 4 26 5.3 +0.6
IWB iShares Russell 1000 ETF 31.0 15 15 5.8 +1.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 30.9 20 10 7.8 +3.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 30.9 7 23 6.0 +1.3
SCHX Schwab U.S. Large-Cap ETF 30.9 3 27 6.0 +1.3
VV Vanguard Large-Cap Index Fund 30.8 4 26 5.9 +1.2
PBP Invesco S&P 500 BuyWrite ETF 30.8 49 -19 5.6 +0.9
VONE Vanguard Russell 1000 ETF 30.8 8 22 5.8 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 30.7 27 3 5.9 +1.2
SPY SPDR S&P 500 ETF Trust 30.7 9 21 6.1 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.7 20 10 6.1 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 30.7 27 3 6.1 +1.4
SCHK Schwab 1000 Index ETF 30.5 5 25 5.9 +1.2
VOOV Vanguard S&P 500 Value ETF 30.5 10 20 7.4 +2.7
IYY iShares Dow Jones U.S. ETF 30.5 20 10 5.8 +1.1
SPLG SPDR Portfolio Large Cap ETF 30.5 3 27 6.2 +1.5
VOO VANGUARD S&P 500 ETF 30.5 3 27 6.2 +1.5
IVV iShares Core S&P 500 ETF 30.4 3 27 6.2 +1.5
VTHR Vanguard Russell 3000 Index Fund 30.3 10 20 5.7 +1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 30.3 20 10 7.1 +2.4
IVE iShares S&P 500 Value ETF 30.3 18 12 7.3 +2.6
SPYV SPDR Portfolio S&P 500 Value ETF 30.2 4 26 7.5 +2.8
HSPX Global X S&P 500 Covered Call ETF 30.1 60 -30 5.6 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 30.0 15 15 5.8 +1.1
IWV iShares Russell 3000 ETF 29.9 20 10 5.6 +0.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 29.9 60 -30 6.4 +1.7
IWP iShares Russell Mid-Cap Growth ETF 29.8 24 6 3.0 -1.7
LSLT Salt Low truBeta US Market ETF 29.8 29 1 6.1 +1.4
SCHB Schwab U.S. Broad Market ETF 29.6 3 27 5.8 +1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 29.6 3 27 5.8 +1.1
SPTM SPDR Portfolio Total Stock Market ETF 29.6 3 27 6.2 +1.5
IUSV iShares Core S&P U.S. Value ETF 29.4 4 26 7.5 +2.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 29.3 29 1 7.1 +2.4
EQAL Invesco Russell 1000 Equal Weight ETF 29.1 20 10 5.8 +1.0
VTI Vanguard Total Stock Market Index Fund 29.1 3 27 5.7 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 29.1 2 28 6.0 +1.3
JQUA JPMorgan U.S. Quality Factor ETF 29.0 12 18 5.7 +1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 28.8 24 6 6.3 +1.5
JHMM John Hancock Multifactor Mid Cap ETF 28.7 42 -12 5.8 +1.1
PRF Invesco FTSE RAFI US 1000 ETF 28.7 39 -9 7.4 +2.6
ESGV Vanguard ESG U.S. Stock ETF 28.5 12 18 5.9 +1.2
EPS WisdomTree U.S. Earnings 500 Fund 28.4 8 22 7.2 +2.5
FTC First Trust Large Cap Growth AlphaDEX Fund 28.4 61 -31 3.0 -1.8
CATH Global X S&P 500 Catholic Values Custom ETF 28.3 29 1 6.0 +1.3
VONV Vanguard Russell 1000 Value Index Fund 28.3 8 22 7.1 +2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 28.3 29 1 6.4 +1.7
IWD iShares Russell 1000 Value ETF 28.2 19 11 7.0 +2.3
IUS Invesco Strategic US ETF 28.0 19 11 7.2 +2.4
GBLO Global Beta Low Beta ETF 27.9 29 1 7.0 +2.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.8 12 18 6.3 +1.6
AVUS Avantis U.S. Equity ETF 27.8 15 15 6.3 +1.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 27.7 25 5 7.4 +2.7
PSET Principal Price Setters Index ETF 27.7 15 15 5.1 +0.4
MGC Vanguard Mega Cap Index Fund 27.1 7 23 6.0 +1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 26.9 25 5 7.4 +2.7
KRMA Global X Conscious Companies ETF 26.6 43 -13 5.9 +1.2
RWL Invesco S&P 500 Revenue ETF 26.5 39 -9 7.5 +2.8
VTV Vanguard Value Index Fund 26.4 4 26 7.4 +2.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.4 20 10 5.7 +1.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 26.1 66 -36 2.5 -2.2
SCHV Schwab U.S. Large-Cap Value ETF 26.1 4 26 7.2 +2.5
ACWV iShares Edge MSCI Min Vol Global ETF 26.1 20 10 5.8 +1.1

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 U.S. 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 19.6 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.52
 
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.