ProShares S&P MidCap 400 Dividend Aristocrats ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.7x P/Sales
ratio
1.5x
P/BV
ratio
1.9x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The S&P MidCap 400 Dividend Aristocrats ETF tracks an equal-weighted index of midcap companies that have increased their dividends for at least 15-consecutive years.

FUND BASICS
Category US Equities
Fund Sponsor ProShares
Website www.proshares.com
Inception date Feb 03, 2015
Assets (mns) $715
Currency USD
Expense ratio 41 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $5,303
Large cap (>$10bn) 10.5%
Mid cap ($2-10bn) 83.9%
Small cap (<$2bn) 5.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EATON VANCE CORP 3.2 %
AARON'S INC 2.5 %
MSA SAFETY INC 2.4 %
NU SKIN ENTERPRISES INC - A 2.4 %
GRACO INC 2.3 %
TORO CO 2.3 %
RYDER SYSTEM INC 2.3 %
UMB FINANCIAL CORP 2.2 %
CASEY'S GENERAL STORES INC 2.2 %
RPM INTERNATIONAL INC 2.2 %
Total 24.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
BRITAIN 2.0 %
BERMUDA 1.8 %








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.
-10.1% -6.2% 8.7% -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.88 87%
MSCI EAFE 0.92 78%
MSCI Emg. Mkts. 0.63 59%

Technical Indicators
Recent close $55.79
30d moving avg. $54.46
Annualized volatility 16.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 43
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $1,450

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ProShares S&P MidCap 400 Dividend Aristocrats ETF ETF based on the alternatives' overlap in portfolio holdings with REGL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: REGL Expense: 41 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH REGL
Ticker Fund
Name
Overlap1
vs REGL
(%)
Expense
ratio
(bp)
Savings
vs REGL
(bp)
ALTAR
Score™
(%)
ALTAR
vs REGL
(%)
XMLV Invesco S&P MidCap Low Volatility ETF 31.2 25 16 5.5 -0.7
SDY SPDR S&P Dividend ETF 27.5 35 6 7.0 +0.9
TMDV ProShares Russell US Dividend Growers ETF 21.8 36 5 5.6 -0.5
EQWM Invesco S&P MidCap Quality ETF 21.4 25 16 6.2 +0.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 18.0 48 -7 6.2 +0.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 17.4 80 -39 5.7 -0.5
PEY Invesco High Yield Equity Dividend Achievers ETF 16.6 52 -11 9.6 +3.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 15.7 15 26 4.9 -1.2
IJK iShares S&P Mid-Cap 400 Growth ETF 15.7 24 17 4.8 -1.3
MDY SPDR S&P Midcap 400 ETF Trust 15.1 23 18 6.2 +0.1
SPMD SPDR Portfolio Mid Cap ETF 15.1 5 36 6.4 +0.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 15.1 15 26 4.8 -1.3
IJH iShares Core S&P Mid-Cap ETF 15.1 5 36 6.4 +0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 14.5 10 31 6.2 +0.1
MDYV SPDR S&P 400 Mid Cap Value ETF 14.3 15 26 8.4 +2.2
IJJ iShares S&P Mid-Cap 400 Value ETF 14.3 25 16 8.2 +2.0
KLCD KFA Large Cap Quality Dividend Index ETF 13.8 42 -1 5.3 -0.8
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 13.7 63 -22 5.9 -0.2
KSCD KFA Small Cap Quality Dividend Index ETF 13.2 51 -10 5.6 -0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.7 15 26 8.2 +2.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 12.2 40 1 7.2 +1.1
DON WisdomTree U.S. MidCap Dividend Fund 12.0 38 3 7.5 +1.4
SMDY Syntax Stratified MidCap ETF 11.5 30 11 6.6 +0.5
KBWR Invesco KBW Regional Banking ETF 11.0 35 6 11.1 +5.0
OSCV Opus Small Cap Value Plus ETF 10.8 79 -38 5.4 -0.8
SMDV ProShares Russell 2000 Dividend Growers ETF 10.8 41 0 6.5 +0.4
AFMC First Trust Active Factor Mid Cap ETF 10.5 65 -24 6.2 +0.0
RWK Invesco S&P MidCap 400 Revenue ETF 10.4 39 2 7.9 +1.8
FNK First Trust Mid Cap Value AlphaDEX Fund 9.3 70 -29 10.7 +4.5
PUI Invesco DWA Utilities Momentum ETF 9.3 60 -19 4.7 -1.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 9.3 20 21 4.6 -1.5
XMMO Invesco S&P MidCap Momentum ETF 9.3 34 7 3.8 -2.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 9.2 7 34 5.1 -1.1
VBR Vanguard Small Cap Value Index Fund 9.1 7 34 7.9 +1.8
VSDA VictoryShares Dividend Accelerator ETF 9.0 35 6 4.7 -1.4
KIE SPDR S&P Insurance ETF 8.1 35 6 10.2 +4.1
RNMC Mid Cap US Equity Select ETF 7.9 60 -19 7.4 +1.3
JKL iShares Morningstar Small Cap Value ETF 7.6 30 11 9.9 +3.7
FOVL iShares Focused Value Factor ETF 7.3 25 16 10.0 +3.9
PXMV Invesco S&P MidCap Value with Momentum ETF 7.3 39 2 9.4 +3.3
TPYP Tortoise North American Pipeline Fund 7.2 40 1 6.4 +0.3
EZM WisdomTree U.S. MidCap Earnings Fund 7.2 38 3 8.6 +2.5
CZA Invesco Zacks Mid-Cap ETF 7.2 69 -28 6.0 -0.2
SCHM Schwab U.S. Mid-Cap ETF 7.1 4 37 5.8 -0.3
RFV Invesco S&P Midcap 400 Pure Value ETF 7.1 35 6 9.2 +3.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.0 60 -19 7.8 +1.7
JHSC John Hancock Multifactor Small Cap ETF 6.9 42 -1 5.5 -0.7
FVD First Trust Value Line Dividend Index Fund 6.7 70 -29 6.2 +0.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 6.7 30 11 5.5 -0.6
FSMD Fidelity Small-Mid Factor ETF 6.7 29 12 6.1 0.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 6.7 35 6 3.8 -2.3
QABA First Trust NASDAQ ABA Community Bank Index Fund 6.7 60 -19 10.3 +4.2
FXO First Trust Financials AlphaDEX Fund 6.6 63 -22 12.1 +6.0
JKJ iShares Morningstar Small-Cap ETF 6.6 25 16 6.3 +0.2
KCE SPDR S&P Capital Markets ETF 6.5 35 6 8.9 +2.8
JHMA John Hancock Multifactor Materials ETF 6.4 40 1 6.0 -0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 6.1 61 -20 6.3 +0.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 6.1 35 6 9.9 +3.8
CWS AdvisorShares Focused Equity ETF 6.0 85 -44 5.3 -0.8
KBE SPDR S&P Bank ETF 6.0 35 6 10.7 +4.6
KRE SPDR S&P Regional Banking ETF 6.0 35 6 10.4 +4.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 6.0 20 21 6.8 +0.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.0 24 17 5.9 -0.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 5.9 20 21 9.1 +2.9
SFYX Sofi Next 500 ETF 5.8 0 41 5.7 -0.4
VB Vanguard Small-Cap ETF 5.7 5 36 5.1 -1.0
IFRA iShares U.S. Infrastructure ETF 5.7 40 1 5.5 -0.6
TPLC Timothy Plan US Large Cap Core ETF 5.6 52 -11 5.2 -0.9
AUSF Global X Adaptive U.S. Factor ETF 5.6 27 14 9.2 +3.1
GBDV Global Beta Smart Income ETF 5.5 29 12 10.1 +4.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 5.5 35 6 5.3 -0.8
KBWP Invesco KBW Property & Casualty Insurance ETF 5.5 35 6 7.4 +1.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 5.4 29 12 9.2 +3.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 5.4 29 12 6.7 +0.6
JDIV JPMorgan U.S. Dividend ETF 5.4 12 29 7.7 +1.6
IAT iShares U.S. Regional Banks ETF 5.1 42 -1 10.5 +4.4
ONEY SPDR Russell 1000 Yield Focus ETF 5.0 20 21 8.9 +2.7
PSET Principal Price Setters Index ETF 5.0 15 26 4.8 -1.4
ETHO Etho Climate Leadership U.S. ETF 5.0 47 -6 4.3 -1.9
SMMD iShares Russell 2500 ETF 4.9 15 26 5.6 -0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 4.9 6 35 5.0 -1.1
SYLD Cambria Shareholder Yield ETF 4.9 59 -18 8.6 +2.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.9 17 24 4.7 -1.4
PAVE Global X U.S. Infrastructure Development ETF 4.9 47 -6 5.1 -1.0
VFLQ Vanguard U.S. Liquidity Factor ETF 4.8 14 27 4.1 -2.0
LGLV SPDR Russell 1000 Low Volatility ETF 4.8 12 29 5.5 -0.6
PSC Principal U.S. Small Cap Index ETF 4.8 38 3 6.7 +0.6
FXU First Trust Utilities AlphaDEX Fund 4.7 63 -22 5.8 -0.3
NUSC Nuveen ESG Small-Cap ETF 4.7 40 1 4.7 -1.5
IUSS Invesco Strategic US Small Company ETF 4.6 23 18 5.1 -1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 4.6 4 37 5.6 -0.6
FXG First Trust Consumer Staples AlphaDEX Fund 4.5 64 -23 7.4 +1.3
JHMM John Hancock Multifactor Mid Cap ETF 4.3 42 -1 5.4 -0.8
PSL Invesco DWA Consumer Staples Momentum ETF 4.3 60 -19 5.7 -0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 4.3 17 24 6.2 +0.1
JMIN JPMorgan U.S. Minimum Volatility ETF 4.3 12 29 5.4 -0.7
VXF Vanguard Extended Market Index Fund 4.1 6 35 3.4 -2.7
PHO Invesco Water Resources ETF 4.1 60 -19 3.4 -2.7
VPU Vanguard Utilities Index Fund 3.9 10 31 5.5 -0.7
IDU iShares U.S. Utilities ETF 3.9 43 -2 5.4 -0.7

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%.

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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:
ProShares S&P MidCap 400 Dividend Aristocrats 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 11.6 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 41 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 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.