ProShares S&P MidCap 400 Dividend Aristocrats ETF
ALTAR
Score™
5.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.2x P/Sales
ratio
1.7x
P/BV
ratio
2.1x Div.
yield
2.6%


  • 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) $872
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) $5,932
Large cap (>$10bn) 11.4%
Mid cap ($2-10bn) 86.8%
Small cap (<$2bn) 1.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WILEY (JOHN) & SONS -CL A 2.6 %
BANK OF THE OZARKS 2.5 %
UNITED BANKSHARES INC 2.4 %
CULLEN/FROST BANKERS INC 2.4 %
REGAL BELOIT CORP 2.4 %
RYDER SYSTEM INC 2.3 %
HEALTHCARE SERVICES GROUP 2.3 %
POLARIS INDUSTRIES INC 2.3 %
MERCURY GENERAL CORP 2.3 %
UMB FINANCIAL CORP 2.2 %
Total 23.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
BRITAIN 2.1 %
BERMUDA 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% 7.4% 11.4% -- 9.6%

Market Correlations
versus... Beta R-squared
S&P500 0.87 84%
MSCI EAFE 0.84 77%
MSCI Emg. Mkts. 0.68 64%

Technical Indicators
Recent close $64.88
30d moving avg. $63.61
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 49
Turnover 0.4%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,781

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™: 5.4%


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 27.7 25 16 5.0 -0.4
SDY SPDR S&P Dividend ETF 27.2 35 6 6.4 +1.0
TMDV ProShares Russell US Dividend Growers ETF 22.1 36 5 5.2 -0.2
XMHQ Invesco S&P MidCap Quality ETF 18.7 25 16 5.3 -0.1
PEY Invesco High Yield Equity Dividend Achievers ETF 18.0 52 -11 8.2 +2.8
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 17.5 48 -7 5.5 +0.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 16.8 80 -39 4.7 -0.7
MDYV SPDR S&P 400 Mid Cap Value ETF 14.9 15 26 6.9 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 14.8 18 23 6.9 +1.5
DON WisdomTree U.S. MidCap Dividend Fund 13.7 38 3 6.7 +1.3
MDY SPDR S&P Midcap 400 ETF Trust 13.7 23 18 5.1 -0.3
SPMD SPDR Portfolio Mid Cap ETF 13.7 5 36 5.3 -0.1
IJH iShares Core S&P Mid-Cap ETF 13.7 5 36 5.3 -0.1
XJH iShares ESG Screened S&P Mid-Cap ETF 13.6 12 29 5.4 -0.0
IVOO Vanguard S&P Mid-Cap 400 ETF 12.9 10 31 5.3 -0.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 12.5 15 26 3.7 -1.7
IJK iShares S&P Mid-Cap 400 Growth ETF 12.5 17 24 3.7 -1.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.3 15 26 6.7 +1.3
XMVM Invesco S&P MidCap Value with Momentum ETF 12.3 39 2 8.0 +2.6
KBWR Invesco KBW Regional Banking ETF 12.3 35 6 7.5 +2.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.9 63 -22 5.2 -0.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 11.9 40 1 5.6 +0.2
KLCD KFA Large Cap Quality Dividend Index ETF 11.4 42 -1 5.1 -0.4
SMDY Syntax Stratified MidCap ETF 10.8 30 11 5.1 -0.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 10.8 15 26 4.2 -1.2
PUI Invesco DWA Utilities Momentum ETF 10.7 60 -19 5.3 -0.1
SMDV ProShares Russell 2000 Dividend Growers ETF 10.5 41 0 5.5 +0.1
RWK Invesco S&P MidCap 400 Revenue ETF 10.4 39 2 6.3 +0.9
RFV Invesco S&P Midcap 400 Pure Value ETF 9.7 35 6 8.8 +3.4
KSCD KFA Small Cap Quality Dividend Index ETF 9.7 51 -10 5.2 -0.2
KVLE KFA Value Liner Dynamic Core Equity Index ETF 9.5 56 -15 5.6 +0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 9.2 70 -29 7.7 +2.3
OSCV Opus Small Cap Value Plus ETF 9.0 79 -38 4.5 -0.9
EZM WisdomTree U.S. MidCap Earnings Fund 9.0 38 3 7.6 +2.2
VSDA VictoryShares Dividend Accelerator ETF 8.7 35 6 4.6 -0.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.7 20 21 3.6 -1.8
FOVL iShares Focused Value Factor ETF 8.5 25 16 7.8 +2.4
VBR Vanguard Small Cap Value Index Fund 8.4 7 34 6.4 +1.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 8.2 7 34 3.9 -1.5
JKL iShares Morningstar Small Cap Value ETF 8.0 30 11 7.6 +2.2
RNMC Mid Cap US Equity Select ETF 8.0 60 -19 6.1 +0.7
XMMO Invesco S&P MidCap Momentum ETF 7.8 34 7 3.4 -2.0
QABA First Trust NASDAQ ABA Community Bank Index Fund 7.4 60 -19 7.4 +2.0
KIE SPDR S&P Insurance ETF 7.3 35 6 8.2 +2.8
TPYP Tortoise North American Pipeline Fund 6.9 40 1 5.6 +0.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.9 60 -19 6.1 +0.7
AFMC First Trust Active Factor Mid Cap ETF 6.9 65 -24 5.2 -0.2
FVD First Trust Value Line Dividend Index Fund 6.5 70 -29 5.8 +0.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 6.5 30 11 5.4 -0.1
JHSC John Hancock Multifactor Small Cap ETF 6.4 42 -1 4.5 -0.9
SCHM Schwab U.S. Mid-Cap ETF 6.4 4 37 5.0 -0.4
FVL First Trust Value Line 100 ETF 6.2 70 -29 6.0 +0.6
FSMD Fidelity Small-Mid Factor ETF 6.2 29 12 5.2 -0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.1 24 17 5.5 +0.1
FNX First Trust Mid Cap Core AlphaDEX Fund 6.0 61 -20 5.1 -0.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 5.9 20 21 6.2 +0.8
JHMA John Hancock Multifactor Materials ETF 5.9 40 1 5.4 -0.0
SIXL 6 Meridian Low Beta Equity Strategy ETF 5.8 84 -43 4.0 -1.4
GBDV Global Beta Smart Income ETF 5.8 29 12 8.3 +2.9
KBWP Invesco KBW Property & Casualty Insurance ETF 5.7 35 6 6.2 +0.8
IFRA iShares U.S. Infrastructure ETF 5.7 40 1 4.9 -0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 5.6 35 6 5.1 -0.3
FXO First Trust Financials AlphaDEX Fund 5.6 63 -22 9.2 +3.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 5.6 29 12 6.0 +0.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 5.6 35 6 7.2 +1.8
KBE SPDR S&P Bank ETF 5.5 35 6 8.2 +2.8
KCE SPDR S&P Capital Markets ETF 5.4 35 6 7.2 +1.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 5.4 20 21 7.1 +1.7
SFYX Sofi Next 500 ETF 5.4 0 41 4.8 -0.6
KRE SPDR S&P Regional Banking ETF 5.3 35 6 7.5 +2.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.3 38 3 7.0 +1.6
VB Vanguard Small-Cap ETF 5.2 5 36 4.4 -1.0
LEAD Reality Shares DIVCON Leaders Dividend ETF 5.2 43 -2 4.8 -0.6
QSY WisdomTree U.S. LargeCap Value Fund 5.1 38 3 6.7 +1.3
JDIV JPMorgan U.S. Dividend ETF 5.0 12 29 6.7 +1.3
CZA Invesco Zacks Mid-Cap ETF 4.9 69 -28 5.6 +0.2
JKJ iShares Morningstar Small-Cap ETF 4.9 25 16 5.1 -0.4
IAT iShares U.S. Regional Banks ETF 4.9 42 -1 7.9 +2.5
LGLV SPDR Russell 1000 Low Volatility ETF 4.8 12 29 5.2 -0.2
AUSF Global X Adaptive U.S. Factor ETF 4.8 27 14 8.0 +2.6
ONEY SPDR Russell 1000 Yield Focus ETF 4.7 20 21 7.2 +1.8
PSET Principal Price Setters Index ETF 4.7 15 26 4.6 -0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 4.7 4 37 4.7 -0.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 4.6 6 35 4.0 -1.4
ETHO Etho Climate Leadership U.S. ETF 4.6 47 -6 3.6 -1.8
FXG First Trust Consumer Staples AlphaDEX Fund 4.6 64 -23 7.6 +2.2
TPLC Timothy Plan US Large Cap Core ETF 4.6 52 -11 4.4 -1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.6 17 24 4.0 -1.4
DFND Reality Shares DIVCON Dividend Defender ETF 4.6 144 -103 3.9 -1.5
VFLQ Vanguard U.S. Liquidity Factor ETF 4.6 14 27 3.5 -2.0
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.5 60 -19 3.6 -1.8
PAVE Global X U.S. Infrastructure Development ETF 4.4 47 -6 4.2 -1.2
SMMD iShares Russell 2500 ETF 4.3 15 26 4.7 -0.7
SYLD Cambria Shareholder Yield ETF 4.3 59 -18 7.0 +1.6
IDU iShares U.S. Utilities ETF 4.2 43 -2 5.4 -0.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 4.2 17 24 5.6 +0.2
VPU Vanguard Utilities Index Fund 4.1 10 31 5.6 +0.2
OLD The Long-Term Care ETF 4.1 30 11 5.3 -0.1
AMER Emles Made in America ETF 4.1 49 -8 6.8 +1.4
JMIN JPMorgan U.S. Minimum Volatility ETF 4.1 12 29 5.3 -0.1

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:
ProShares S&P MidCap 400 Dividend Aristocrats ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 41 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.49
 
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.