Columbia Research Enhanced Core ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
2.2x
P/BV
ratio
3.1x Div.
yield
2.1%


  • 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) $54
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 351
Wgt avg mkt cap (mns) $399,315
Large cap (>$10bn) 93.9%
Mid cap ($2-10bn) 5.9%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 7.7 %
APPLE INC 7.4 %
FACEBOOK 2.7 %
HOME DEPOT INC 2.7 %
JOHNSON & JOHNSON 2.4 %
ALPHABET INC. CLASS C 2.1 %
ALPHABET INC. CLASS A 2.1 %
BANK OF AMERICA CORP 2.1 %
PROCTER & GAMBLE CO/THE 2.0 %
VISA INC-CLASS A SHARES 1.7 %
Total 32.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 2.0 %
BRITAIN 0.8 %
CHINA 0.2 %
SWITZERLAND 0.1 %
PUERTO RICO 0.0 %
BERMUDA 0.0 %
PANAMA 0.0 %
CANADA 0.0 %
LUXEMBOURG 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.8% -- -- -- 4.7%

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

Technical Indicators
Recent close $20.83
30d moving avg. $20.63
Annualized volatility 0.0%
Short interest (ETF) 1.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.7%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $149,512

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™: 5.7%


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
(%)
SNPE Xtrackers S&P 500 ESG ETF 59.1 11 4 5.2 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 58.6 0 15 5.3 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 58.1 27 -12 5.0 -0.7
MGC Vanguard Mega Cap Index Fund 58.0 7 8 5.3 -0.4
IWL iShares Russell Top 200 ETF 57.9 15 0 5.1 -0.6
OEF iShares S&P 100 ETF 57.6 20 -5 4.8 -0.9
PBP Invesco S&P 500 BuyWrite ETF 56.9 49 -34 5.0 -0.6
IQSU IQ Candriam ESG US Equity ETF 56.5 9 6 5.1 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 56.2 8 7 6.5 +0.9
SPXE ProShares S&P 500 Ex-Energy ETF 56.2 27 -12 5.4 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 56.1 20 -5 5.4 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 56.1 20 -5 5.0 -0.7
VOO VANGUARD S&P 500 ETF 56.0 3 12 5.5 -0.2
SPY SPDR S&P 500 ETF Trust 55.9 9 6 5.4 -0.3
SPLG SPDR Portfolio Large Cap ETF 55.9 3 12 5.5 -0.2
HSPX Global X S&P 500 Covered Call ETF 55.9 65 -50 4.9 -0.8
IVV iShares Core S&P 500 ETF 55.8 4 11 5.5 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 55.1 25 -10 6.7 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 55.1 27 -12 5.1 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 54.9 7 8 5.3 -0.4
NACP Impact Shares NAACP Minority Empowerment ETF 54.8 75 -60 4.6 -1.1
VV Vanguard Large-Cap Index Fund 54.3 4 11 5.3 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 54.2 2 13 5.4 -0.3
PBUS Invesco PureBeta MSCI USA ETF 53.9 4 11 5.3 -0.4
SCHX Schwab U.S. Large-Cap ETF 53.2 3 12 5.3 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 53.1 12 3 5.0 -0.7
VONE Vanguard Russell 1000 ETF 53.0 8 7 5.3 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 53.0 15 0 5.2 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 52.7 3 12 5.6 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 52.7 28 -13 6.4 +0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 52.3 19 -4 5.7 0.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 52.1 49 -34 4.1 -1.6
SCHK Schwab 1000 Index ETF 52.1 5 10 5.3 -0.4
IWB iShares Russell 1000 ETF 52.1 15 0 5.2 -0.5
XLG Invesco S&P 500 Top 50 ETF 52.0 20 -5 4.5 -1.2
FQAL Fidelity Quality Factor ETF 52.0 29 -14 5.5 -0.2
VOOG Vanguard S&P 500 Growth ETF 52.0 10 5 4.3 -1.4
SPYG SPDR Portfolio S&P 500 Growth ETF 51.8 4 11 4.4 -1.3
IVW iShares S&P 500 Growth ETF 51.8 18 -3 4.2 -1.5
IYY iShares Dow Jones U.S. ETF 51.6 20 -5 5.2 -0.5
IUSG iShares Core S&P US Growth ETF 51.6 4 11 4.4 -1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 51.5 9 6 5.6 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 51.3 29 -14 5.3 -0.4
ESGV Vanguard ESG U.S. Stock ETF 51.3 12 3 5.2 -0.5
DTD WisdomTree U.S.Total Dividend Fund 50.9 28 -13 6.7 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 50.7 60 -45 4.4 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 50.0 25 -10 6.6 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 50.0 8 7 4.3 -1.4
VTHR Vanguard Russell 3000 Index Fund 50.0 10 5 5.2 -0.5
ESG FlexShares STOXX US ESG Impact Index Fund 49.7 32 -17 5.1 -0.6
SCHB Schwab U.S. Broad Market ETF 49.5 3 12 5.3 -0.4
VTI Vanguard Total Stock Market Index Fund 49.3 3 12 5.2 -0.5
IWV iShares Russell 3000 ETF 49.3 20 -5 5.1 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 49.1 3 12 5.2 -0.5
FVAL Fidelity Value Factor ETF 49.1 29 -14 8.1 +2.4
QUS SPDR MSCI USA StrategicFactors ETF 48.9 15 0 5.9 +0.2
QLC FlexShares US Quality Large Cap Index Fund 48.8 32 -17 5.4 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 48.7 10 5 5.3 -0.4
DGRO iShares Core Dividend Growth ETF 48.7 8 7 6.7 +1.0
SUSL iShares ESG MSCI USA Leaders ETF 48.6 10 5 5.3 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 48.6 12 3 5.3 -0.4
DSI iShares MSCI KLD 400 Social ETF 48.5 25 -10 5.2 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 48.5 15 0 6.3 +0.6
JHML John Hancock Multifactor Large Cap ETF 48.3 29 -14 5.6 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 47.8 75 -60 4.6 -1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 47.6 25 -10 6.6 +0.9
IUS Invesco Strategic US ETF 47.4 19 -4 6.7 +1.0
REVS Columbia Research Enhanced Value ETF 47.1 19 -4 7.8 +2.1
PRF Invesco FTSE RAFI US 1000 ETF 47.0 39 -24 6.9 +1.2
SFY SoFi Select 500 ETF 46.7 0 15 5.3 -0.4
IWF iShares Russell 1000 Growth ETF 46.3 19 -4 4.2 -1.5
SPXT ProShares S&P 500 Ex-Technology ETF 46.0 27 -12 5.7 +0.0
AFLG First Trust Active Factor Large Cap ETF 45.7 55 -40 5.6 -0.1
AVUS Avantis U.S. Equity ETF 45.5 15 0 5.8 +0.1
VUG Vanguard Growth Index Fund 44.2 4 11 4.1 -1.6
IWY iShares Russell Top 200 Growth ETF 44.1 20 -5 4.2 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 43.9 4 11 7.2 +1.6
FDRR Fidelity Dividend ETF for Rising Rates 43.8 29 -14 7.0 +1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 43.7 30 -15 6.6 +0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 43.7 29 -14 6.3 +0.6
EXT WisdomTree U.S. Total Earnings Fund 43.5 28 -13 5.3 -0.4
VEGN US Vegan Climate ETF 43.4 60 -45 5.2 -0.5
SCHG Schwab U.S. Large-Cap Growth ETF 43.0 4 11 4.2 -1.5
IWD iShares Russell 1000 Value ETF 42.7 19 -4 7.2 +1.6
USDY Pacific Global US Equity Income ETF 42.6 29 -14 7.3 +1.6
FDLO Fidelity Low Volatility Factor ETF 42.5 29 -14 5.2 -0.5
TMFC Motley Fool 100 Index ETF 42.4 50 -35 3.8 -1.9
QDF FlexShares Quality Dividend Index Fund 42.4 37 -22 6.2 +0.5
VTV Vanguard Value Index Fund 42.1 4 11 7.5 +1.8
HIPR Direxion High Growth ETF 42.0 40 -25 2.9 -2.8
MGK Vanguard Mega Cap Growth ETF 42.0 7 8 4.2 -1.5
FLQL Franklin LibertyQ U.S. Equity ETF 41.4 15 0 6.3 +0.6
ACIO Aptus Collared Income Opportunity ETF 41.1 79 -64 4.4 -1.3
OUSA O'Shares FTSE US Quality Dividend ETF 41.1 48 -33 5.7 +0.1
VOOV Vanguard S&P 500 Value ETF 40.9 15 0 7.4 +1.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 40.9 37 -22 6.3 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 40.8 25 -10 6.2 +0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 40.7 25 -10 6.7 +1.0
VLU SPDR S&P 1500 Value Tilt ETF 40.6 12 3 7.5 +1.9
VONV Vanguard Russell 1000 Value Index Fund 40.6 8 7 7.4 +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 17.1 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.