Columbia Research Enhanced Core ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.9x P/Sales
ratio
2.3x
P/BV
ratio
3.4x Div.
yield
1.9%


  • 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) $73
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 349
Wgt avg mkt cap (mns) $460,703
Large cap (>$10bn) 93.4%
Mid cap ($2-10bn) 6.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.2 %
MICROSOFT CORP 7.0 %
HOME DEPOT INC 3.4 %
FACEBOOK 3.2 %
JOHNSON & JOHNSON 2.6 %
PROCTER & GAMBLE CO/THE 2.3 %
ALPHABET INC. CLASS A 2.3 %
ALPHABET INC. CLASS C 2.3 %
BANK OF AMERICA CORP 1.7 %
VISA INC-CLASS A SHARES 1.5 %
Total 34.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.8 %
BRITAIN 0.5 %
CHINA 0.2 %
NETHERLANDS 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.3% -- -- -- 13.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 99%
MSCI EAFE 1.05 90%
MSCI Emg. Mkts. 0.73 69%

Technical Indicators
Recent close $22.46
30d moving avg. $22.63
Annualized volatility 24.6%
Short interest (ETF) 0.4%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $11,739

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™: 6.1%


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
(%)
EFIV SPDR S&P 500 ESG ETF 55.0 10 5 5.6 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 55.0 27 -12 5.4 -0.7
SNPE Xtrackers S&P 500 ESG ETF 54.8 10 5 5.6 -0.5
IWL iShares Russell Top 200 ETF 54.8 15 0 5.4 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 54.3 0 15 5.6 -0.6
MGC Vanguard Mega Cap Index Fund 54.2 7 8 5.6 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 54.2 8 7 6.9 +0.8
PBP Invesco S&P 500 BuyWrite ETF 54.1 49 -34 5.3 -0.8
OEF iShares S&P 100 ETF 53.7 20 -5 5.4 -0.7
HSPX Global X S&P 500 Covered Call ETF 53.0 60 -45 5.3 -0.9
REVS Columbia Research Enhanced Value ETF 53.0 19 -4 7.5 +1.4
IQSU IQ Candriam ESG US Equity ETF 53.0 9 6 5.7 -0.5
ESGV Vanguard ESG U.S. Stock ETF 53.0 12 3 5.5 -0.6
IVV iShares Core S&P 500 ETF 52.7 3 12 5.8 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 52.7 20 -5 5.7 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 52.6 60 -45 5.3 -0.8
SPY SPDR S&P 500 ETF Trust 52.6 9 6 5.7 -0.4
SPLG SPDR Portfolio Large Cap ETF 52.6 3 12 5.8 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 52.6 27 -12 5.7 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.4 20 -5 5.3 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 52.3 49 -34 5.0 -1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 52.0 7 8 5.6 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 52.0 27 -12 5.5 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 51.9 60 -45 4.8 -1.3
VOO VANGUARD S&P 500 ETF 51.9 3 12 5.8 -0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 51.2 19 -4 6.5 +0.4
XLG Invesco S&P 500 Top 50 ETF 51.0 20 -5 5.3 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 50.9 2 13 5.6 -0.5
PBUS Invesco PureBeta MSCI USA ETF 50.9 4 11 5.6 -0.5
VOOG Vanguard S&P 500 Growth ETF 50.5 10 5 5.2 -1.0
SCHX Schwab U.S. Large-Cap ETF 50.1 3 12 5.5 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.1 12 3 5.6 -0.6
IUSG iShares Core S&P US Growth ETF 50.0 4 11 5.2 -0.9
IVW iShares S&P 500 Growth ETF 50.0 18 -3 5.1 -1.0
VV Vanguard Large-Cap Index Fund 50.0 4 11 5.6 -0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 50.0 4 11 5.2 -0.9
IWB iShares Russell 1000 ETF 49.9 15 0 5.5 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 49.8 3 12 5.9 -0.3
SCHK Schwab 1000 Index ETF 49.5 5 10 5.6 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 49.5 28 -13 6.8 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 49.4 15 0 5.5 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 49.4 9 6 5.9 -0.2
IYY iShares Dow Jones U.S. ETF 49.1 20 -5 5.4 -0.7
QLC FlexShares US Quality Large Cap Index Fund 49.1 32 -17 5.6 -0.5
VONE Vanguard Russell 1000 ETF 49.1 8 7 5.5 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 49.1 29 -14 5.5 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 48.8 25 -10 7.1 +1.0
DTD WisdomTree U.S.Total Dividend Fund 48.5 28 -13 7.0 +0.9
VTHR Vanguard Russell 3000 Index Fund 48.0 10 5 5.4 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 47.4 15 0 6.7 +0.5
DSI iShares MSCI KLD 400 Social ETF 47.2 25 -10 5.1 -1.1
IWV iShares Russell 3000 ETF 47.2 20 -5 5.3 -0.8
NACP Impact Shares NAACP Minority Empowerment ETF 47.1 75 -60 5.2 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 47.1 32 -17 5.4 -0.8
SCHB Schwab U.S. Broad Market ETF 46.9 3 12 5.5 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 46.8 25 -10 7.1 +1.0
SUSL iShares ESG MSCI USA Leaders ETF 46.7 10 5 5.3 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.6 3 12 5.4 -0.7
IWF iShares Russell 1000 Growth ETF 46.5 19 -4 4.8 -1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.4 10 5 5.2 -0.9
FQAL Fidelity Quality Factor ETF 46.4 29 -14 5.9 -0.3
VONG Vanguard Russell 1000 Growth Index Fund 46.0 8 7 4.9 -1.3
AFLG First Trust Active Factor Large Cap ETF 45.5 55 -40 5.9 -0.2
JHML John Hancock Multifactor Large Cap ETF 45.3 29 -14 5.7 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 45.2 12 3 5.5 -0.6
VTI Vanguard Total Stock Market Index Fund 45.1 3 12 5.4 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.9 25 -10 7.2 +1.0
IWY iShares Russell Top 200 Growth ETF 44.9 20 -5 5.1 -1.1
EXT WisdomTree U.S. Total Earnings Fund 44.5 28 -13 5.9 -0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 44.4 75 -60 4.8 -1.3
IUS Invesco Strategic US ETF 44.4 19 -4 6.8 +0.7
PRF Invesco FTSE RAFI US 1000 ETF 44.2 39 -24 7.2 +1.0
QUS SPDR MSCI USA StrategicFactors ETF 44.1 15 0 6.0 -0.1
SFY SoFi Select 500 ETF 43.9 0 15 5.4 -0.8
DGRO iShares Core Dividend Growth ETF 43.9 8 7 6.9 +0.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 43.7 37 -22 6.6 +0.5
FVAL Fidelity Value Factor ETF 43.5 29 -14 8.2 +2.1
FDRR Fidelity Dividend ETF for Rising Rates 43.4 29 -14 7.3 +1.2
QDEF FlexShares Quality Dividend Defensive Index Fund 43.4 37 -22 6.5 +0.4
QDF FlexShares Quality Dividend Index Fund 43.4 37 -22 6.5 +0.4
VEGN US Vegan Climate ETF 43.1 60 -45 5.4 -0.7
AVUS Avantis U.S. Equity ETF 42.7 15 0 6.0 -0.2
VUG Vanguard Growth Index Fund 42.6 4 11 4.9 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 42.1 29 -14 6.2 +0.1
MGK Vanguard Mega Cap Growth ETF 41.5 7 8 5.3 -0.9
SPXT ProShares S&P 500 Ex-Technology ETF 41.2 27 -12 5.5 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 40.4 4 11 6.9 +0.7
SYE SPDR MFS Systematic Core Equity ETF 40.2 60 -45 6.2 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.1 30 -15 6.8 +0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.9 12 3 4.9 -1.3
SCHG Schwab U.S. Large-Cap Growth ETF 39.9 4 11 4.8 -1.4
ACIO Aptus Collared Income Opportunity ETF 39.4 79 -64 4.8 -1.3
VTV Vanguard Value Index Fund 39.4 4 11 7.4 +1.3
TMFC Motley Fool 100 Index ETF 39.1 50 -35 4.5 -1.7
IWD iShares Russell 1000 Value ETF 39.0 19 -4 7.0 +0.8
FDMO Fidelity Momentum Factor ETF 39.0 29 -14 3.8 -2.3
JVAL JPMorgan U.S. Value Factor ETF 38.7 12 3 8.6 +2.5
IETC iShares Evolved U.S. Technology ETF 38.7 18 -3 5.1 -1.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 38.6 25 -10 6.6 +0.5
VONV Vanguard Russell 1000 Value Index Fund 38.4 8 7 7.1 +1.0

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:
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 19.5 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.