Columbia Research Enhanced Core ETF
ALTAR
Score™
7.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.1x P/Sales
ratio
1.7x
P/BV
ratio
2.6x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RECS tracks an index of US stocks pulled from the Russell 1000. The index uses multifactor selection and market cap weighting.

FUND BASICS
Category US Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleus.com
Inception date Sep 25, 2019
Assets (mns) $4
Currency USD
Expense ratio 15 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 353
Wgt avg mkt cap (mns) $304,114
Large cap (>$10bn) 93.0%
Mid cap ($2-10bn) 6.7%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 7.1 %
APPLE INC 6.3 %
JOHNSON & JOHNSON 2.8 %
HOME DEPOT INC 2.4 %
FACEBOOK 2.2 %
PROCTER & GAMBLE CO/THE 2.2 %
BANK OF AMERICA CORP 2.2 %
ALPHABET INC. CLASS C 2.0 %
ALPHABET INC. CLASS A 2.0 %
VISA INC-CLASS A SHARES 1.7 %
Total 31.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
IRELAND 2.5 %
BRITAIN 0.7 %
CHINA 0.2 %
SWITZERLAND 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.6% -- -- -- -13.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $17.74
30d moving avg. $17.95
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 11
Turnover 4.4%
Bid/Ask (% of price) 0.87%
ADV underlying (mns) $148,302

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Columbia Research Enhanced Core ETF ETF based on the alternatives' overlap in portfolio holdings with RECS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RECS Expense: 15 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RECS
Ticker Fund
Name
Overlap1
vs RECS
(%)
Expense
ratio
(bp)
Savings
vs RECS
(bp)
ALTAR
Score™
(%)
ALTAR
vs RECS
(%)
PBP Invesco S&P 500 BuyWrite ETF 61.7 49 -34 6.3 -0.8
HSPX Global X S&P 500 Covered Call ETF 60.6 65 -50 6.1 -1.0
IWL iShares Russell Top 200 ETF 59.7 15 0 6.3 -0.8
MGC Vanguard Mega Cap Index Fund 59.1 7 8 6.5 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 59.1 27 -12 6.3 -0.8
OEF iShares S&P 100 ETF 57.9 20 -5 6.0 -1.0
IQSU IQ Candriam ESG US Equity ETF 56.8 9 6 6.3 -0.7
SNPE Xtrackers S&P 500 ESG ETF 56.7 11 4 6.5 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 56.7 20 -5 6.3 -0.8
SPY SPDR S&P 500 ETF Trust 56.6 9 6 6.7 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 56.5 27 -12 6.6 -0.4
VOO VANGUARD S&P 500 ETF 56.5 3 12 6.7 -0.3
SPLG SPDR Portfolio Large Cap ETF 56.5 3 12 6.8 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 56.4 20 -5 6.7 -0.3
IVV iShares Core S&P 500 ETF 56.4 4 11 6.7 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 56.0 8 7 8.0 +1.0
VV Vanguard Large-Cap Index Fund 55.7 4 11 6.6 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 55.3 75 -60 5.8 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 55.0 2 13 6.7 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 54.9 27 -12 6.4 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 54.8 25 -10 8.3 +1.2
VONE Vanguard Russell 1000 ETF 54.8 8 7 6.7 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 54.6 12 3 6.4 -0.7
PBUS Invesco PureBeta MSCI USA ETF 54.5 4 11 6.7 -0.4
SCHX Schwab U.S. Large-Cap ETF 54.2 3 12 6.7 -0.4
IWB iShares Russell 1000 ETF 53.9 15 0 6.6 -0.5
SFY SoFi Select 500 ETF 53.8 0 15 6.3 -0.8
SPTM SPDR Portfolio Total Stock Market ETF 53.3 3 12 6.9 -0.2
SCHK Schwab 1000 Index ETF 53.2 5 10 6.7 -0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 53.0 49 -34 5.1 -2.0
IYY iShares Dow Jones U.S. ETF 52.7 20 -5 6.6 -0.5
ESGV Vanguard ESG U.S. Stock ETF 52.6 12 3 6.6 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 52.5 28 -13 7.6 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 52.3 15 0 6.3 -0.7
FQAL Fidelity Quality Factor ETF 52.0 29 -14 6.7 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 51.9 60 -45 5.6 -1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 51.9 19 -4 7.1 +0.1
XLG Invesco S&P 500 Top 50 ETF 51.8 20 -5 5.6 -1.4
VTHR Vanguard Russell 3000 Index Fund 51.6 10 5 6.6 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 51.5 9 6 6.9 -0.2
IUS Invesco Strategic US ETF 51.5 19 -4 7.5 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 51.4 25 -10 7.9 +0.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 51.3 29 -14 5.3 -1.8
VOOG Vanguard S&P 500 Growth ETF 51.0 10 5 5.4 -1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 51.0 4 11 5.5 -1.6
IVW iShares S&P 500 Growth ETF 51.0 18 -3 5.3 -1.8
IWV iShares Russell 3000 ETF 50.9 20 -5 6.5 -0.6
SCHB Schwab U.S. Broad Market ETF 50.8 3 12 6.7 -0.4
VTI Vanguard Total Stock Market Index Fund 50.8 3 12 6.6 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 50.6 3 12 6.6 -0.5
DTD WisdomTree U.S.Total Dividend Fund 50.5 28 -13 8.1 +1.0
CATH Global X S&P 500 Catholic Values Custom ETF 50.5 29 -14 6.6 -0.4
IUSG iShares Core S&P US Growth ETF 50.5 4 11 5.5 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 50.5 15 0 6.9 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 50.2 15 0 6.5 -0.6
DGRO iShares Core Dividend Growth ETF 49.9 8 7 8.0 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 49.4 25 -10 8.0 +0.9
REVS Columbia Research Enhanced Value ETF 49.3 19 -4 9.4 +2.3
FVAL Fidelity Value Factor ETF 48.9 29 -14 10.4 +3.3
JHML John Hancock Multifactor Large Cap ETF 48.9 34 -19 7.0 -0.0
VONG Vanguard Russell 1000 Growth Index Fund 48.9 8 7 5.4 -1.6
IWF iShares Russell 1000 Growth ETF 48.8 19 -4 5.3 -1.7
JQUA JPMorgan U.S. Quality Factor ETF 48.4 12 3 6.3 -0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 48.2 75 -60 5.9 -1.2
QLC FlexShares US Quality Large Cap Index Fund 48.0 32 -17 7.0 -0.1
DSI iShares MSCI KLD 400 Social ETF 47.8 25 -10 6.4 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 47.6 39 -24 8.7 +1.7
SUSL iShares ESG MSCI USA Leaders ETF 47.6 10 5 6.6 -0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 47.6 10 5 6.6 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 47.5 27 -12 7.0 -0.1
VEGN US Vegan Climate ETF 47.4 60 -45 6.6 -0.4
ESG FlexShares STOXX US ESG Impact Index Fund 46.5 32 -17 6.4 -0.7
EXT WisdomTree U.S. Total Earnings Fund 46.4 28 -13 7.3 +0.2
SCHV Schwab U.S. Large-Cap Value ETF 46.3 4 11 8.6 +1.5
AVUS Avantis U.S. Equity ETF 46.2 15 0 7.5 +0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 45.9 75 -60 4.6 -2.5
AFLG First Trust Active Factor Large Cap ETF 45.4 55 -40 7.3 +0.2
IWY iShares Russell Top 200 Growth ETF 45.4 20 -5 5.2 -1.8
VLU SPDR S&P 1500 Value Tilt ETF 45.1 12 3 9.1 +2.1
VTV Vanguard Value Index Fund 44.6 4 11 8.7 +1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 44.4 29 -14 7.7 +0.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 43.6 52 -37 7.4 +0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 43.5 25 -10 8.1 +1.1
FDLO Fidelity Low Volatility Factor ETF 43.3 29 -14 6.2 -0.9
FDRR Fidelity Dividend ETF for Rising Rates 43.0 29 -14 9.2 +2.1
OUSA O'Shares FTSE US Quality Dividend ETF 42.5 48 -33 6.6 -0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 42.5 25 -10 7.2 +0.1
VONV Vanguard Russell 1000 Value Index Fund 42.5 8 7 8.8 +1.8
VUG Vanguard Growth Index Fund 42.4 4 11 5.2 -1.9
FLQL Franklin LibertyQ U.S. Equity ETF 42.4 15 0 7.6 +0.6
VOOV Vanguard S&P 500 Value ETF 42.3 15 0 8.7 +1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 42.2 30 -15 7.5 +0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 42.2 12 3 6.0 -1.1
IVE iShares S&P 500 Value ETF 42.1 18 -3 8.7 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 42.1 4 11 8.8 +1.7
IWD iShares Russell 1000 Value ETF 41.8 19 -4 8.7 +1.6
IUSV iShares Core S&P U.S. Value ETF 41.7 4 11 8.9 +1.9
MGV Vanguard Mega Cap Value ETF 41.5 7 8 8.5 +1.4
USDY Pacific Global US Equity Income ETF 41.5 29 -14 10.0 +3.0
SCHG Schwab U.S. Large-Cap Growth ETF 40.9 4 11 5.3 -1.7

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%.

Content on this tab for subscribers only**

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:
Columbia Research Enhanced Core 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 17.8 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.51
 
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.