Small Cap US Equity Select ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
35.9x P/Sales
ratio
0.8x
P/BV
ratio
1.5x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Small Cap US Equity Select ETF tracks a dividend-selected, tier-weighted index of Small-Cap U.S. Equities.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $8
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 359
Wgt avg mkt cap (mns) $1,519
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 20.3%
Small cap (<$2bn) 79.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PATTERSON COS INC 2.8 %
LUMINEX CORP 2.6 %
ENSIGN GROUP INC/THE 2.5 %
HEALTHCARE SERVICES GROUP 2.4 %
U.S. PHYSICAL THERAPY INC 2.3 %
ATRION CORPORATION 2.2 %
NATIONAL HEALTHCARE CORP 2.1 %
SHUTTERSTOCK INC 2.1 %
PLANTRONICS INC 1.8 %
SYSTEMAX INC 1.5 %
Total 22.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
BERMUDA 0.8 %
PUERTO RICO 0.5 %
NETHERLANDS 0.3 %
BAHAMAS 0.3 %
LUXEMBOURG 0.2 %
CANADA 0.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.3% -11.3% -- -- -0.8%

Market Correlations
versus... Beta R-squared
S&P500 1.25 84%
MSCI EAFE 1.32 79%
MSCI Emg. Mkts. 0.92 63%

Technical Indicators
Recent close $19.21
30d moving avg. $18.10
Annualized volatility 23.4%
Short interest (ETF) 2.3%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $5,072

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Small Cap US Equity Select ETF ETF based on the alternatives' overlap in portfolio holdings with RNSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNSC Expense: 60 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNSC
Ticker Fund
Name
Overlap1
vs RNSC
(%)
Expense
ratio
(bp)
Savings
vs RNSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs RNSC
(%)
DES WisdomTree U.S. SmallCap Dividend Fund 42.5 38 22 8.2 +1.3
FYX First Trust Small Cap Core AlphaDEX Fund 42.0 63 -3 6.3 -0.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 33.5 35 25 7.8 +0.9
FYT First Trust Small Cap Value AlphaDEX Fund 32.8 72 -12 9.7 +2.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 31.5 40 20 6.3 -0.6
EES WisdomTree SmallCap Earnings Fund 31.4 38 22 10.6 +3.6
SLY SPDR S&P 600 Small Cap ETF 31.3 15 45 6.5 -0.4
SPSM SPDR Portfolio Small Cap ETF 31.3 5 55 6.7 -0.3
IJR iShares Core S&P Small Cap ETF 31.2 7 53 6.6 -0.4
VIOO Vanguard S&P Small-Cap 600 ETF 30.9 10 50 6.6 -0.3
IWN iShares Russell 2000 Value ETF 30.7 24 36 6.9 -0.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 30.4 38 22 8.5 +1.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 29.5 35 25 7.9 +1.0
SLYV SPDR S&P 600 Small Cap Value ETF 27.4 15 45 8.5 +1.5
IJS iShares S&P Small-cap 600 Value ETF 27.4 25 35 8.4 +1.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 27.1 15 45 8.5 +1.5
PSC Principal U.S. Small Cap Index ETF 27.1 38 22 6.6 -0.4
ISMD Inspire Small/Mid Cap Impact ETF 26.7 60 0 6.0 -0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 26.6 29 31 4.7 -2.2
VTWV Vanguard Russell 2000 Value Index Fund 26.6 15 45 7.1 +0.1
SSLY Syntax Stratified SmallCap ETF 25.1 30 30 6.0 -1.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 25.1 35 25 5.8 -1.1
CSML IQ Chaikin U.S. Small Cap ETF 23.9 35 25 3.7 -3.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 23.8 39 21 6.2 -0.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 23.3 29 31 6.0 -1.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 23.3 12 48 7.3 +0.4
IWM iShares Russell 2000 ETF 22.8 19 41 3.5 -3.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 22.4 25 35 6.2 -0.7
VTWO Vanguard Russell 2000 Index Fund 22.4 10 50 3.6 -3.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 22.3 39 21 4.0 -2.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 22.1 20 40 4.9 -2.1
SLYG SPDR S&P 600 Small Cap Growth ETF 21.5 15 45 5.1 -1.9
IJT iShares S&P Small-Cap 600 Growth ETF 21.5 25 35 5.0 -2.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 21.5 16 44 5.0 -2.0
AVUV Avantis U.S. Small Cap Value ETF 20.7 25 35 8.4 +1.5
FYC First Trust Small Cap Growth AlphaDEX Fund 20.3 70 -10 1.8 -5.2
IUSS Invesco Strategic US Small Company ETF 19.7 23 37 5.2 -1.8
ROGS Hartford Multifactor Global Small Cap ETF 19.2 34 26 7.6 +0.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 18.2 30 30 7.2 +0.3
AFSM First Trust Active Factor Small Cap ETF 18.0 75 -15 5.3 -1.7
SCHA Schwab U.S. Small-Cap ETF 17.0 4 56 4.4 -2.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 16.8 35 25 9.0 +2.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.2 29 31 0.0 -6.9
VBR Vanguard Small Cap Value Index Fund 16.0 7 53 8.1 +1.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 15.0 24 36 6.6 -0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 14.0 6 54 5.0 -1.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 14.0 17 43 4.9 -2.1
NUSC Nuveen ESG Small-Cap ETF 13.7 40 20 4.9 -2.1
FAB First Trust Multi Cap Value AlphaDEX Fund 13.5 71 -11 9.7 +2.8
XSLV Invesco S&P SmallCap Low Volatility ETF 13.4 25 35 5.8 -1.1
SMDV ProShares Russell 2000 Dividend Growers ETF 12.9 40 20 6.4 -0.6
IWO iShares Russell 2000 Growth ETF 12.5 24 36 -0.1 -7.0
FSMD Fidelity Small-Mid Factor ETF 12.3 29 31 6.7 -0.3
VTWG Vanguard Russell 2000 Growth Index Fund 12.1 15 45 -0.0 -7.0
SQLV Legg Mason Small-Cap Quality Value 12.1 62 -2 7.4 +0.5
KSCD KFA Small Cap Quality Dividend Index ETF 12.0 51 9 5.4 -1.6
BUY USCF SummerHaven SHPEI Index Fund 12.0 80 -20 9.1 +2.2
PSCF Invesco S&P SmallCap Financials ETF 11.8 29 31 11.0 +4.0
VFMF Vanguard U.S. Multifactor ETF 11.7 19 41 6.8 -0.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.6 20 40 4.6 -2.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 11.4 40 20 6.8 -0.1
VFVA Vanguard U.S. Value Factor ETF 11.2 14 46 11.0 +4.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 11.1 39 21 6.5 -0.4
VFQY Vanguard U.S. Quality Factor ETF 10.9 13 47 5.8 -1.2
JSML Janus Henderson Small Cap Growth Alpha ETF 10.6 30 30 7.3 +0.4
BKSE BNY Mellon US Small Cap Core Equity ETF 10.6 4 56 5.8 -1.1
VB Vanguard Small-Cap ETF 10.4 5 55 5.2 -1.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 10.1 35 25 5.7 -1.3
JKL iShares Morningstar Small Cap Value ETF 10.0 30 30 10.0 +3.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.0 80 -20 5.1 -1.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 9.9 39 21 9.5 +2.5
OSCV Opus Small Cap Value Plus ETF 9.9 79 -19 5.1 -1.8
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 9.8 29 31 7.5 +0.5
IJJ iShares S&P Mid-Cap 400 Value ETF 9.8 25 35 8.2 +1.2
MDYV SPDR S&P 400 Mid Cap Value ETF 9.8 15 45 8.3 +1.3
PXSG Invesco S&P SmallCap Momentum ETF 9.8 39 21 4.7 -2.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.8 15 45 8.3 +1.4
JKJ iShares Morningstar Small-Cap ETF 9.6 25 35 6.4 -0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.3 20 40 9.2 +2.3
PSCI Invesco S&P SmallCap Industrials ETF 9.1 29 31 6.0 -0.9
VFLQ Vanguard U.S. Liquidity Factor ETF 9.1 14 46 4.5 -2.5
XSHQ Invesco S&P SmallCap Quality ETF 9.1 29 31 6.3 -0.7
SMDY Syntax Stratified MidCap ETF 8.8 30 30 6.1 -0.9
VXF Vanguard Extended Market Index Fund 8.7 7 53 3.5 -3.5
RWK Invesco S&P MidCap 400 Revenue ETF 8.6 39 21 7.7 +0.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 8.3 30 30 10.7 +3.7
VUSE Vident Core US Equity Fund 8.2 48 12 7.5 +0.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.0 35 25 7.8 +0.8
RFV Invesco S&P Midcap 400 Pure Value ETF 7.9 35 25 9.8 +2.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.8 60 0 7.9 +1.0
XHS SPDR S&P Health Care Services ETF 7.8 35 25 4.3 -2.7
PSCT Invesco S&P SmallCap Information Technology ETF 7.7 29 31 5.3 -1.7
EZM WisdomTree U.S. MidCap Earnings Fund 7.6 38 22 8.8 +1.8
KRE SPDR S&P Regional Banking ETF 6.7 35 25 11.2 +4.3
VFMV Vanguard U.S. Minimum Volatility ETF 6.6 13 47 3.9 -3.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 6.6 66 -6 2.2 -4.8
QABA First Trust NASDAQ ABA Community Bank Index Fund 6.6 60 0 10.6 +3.7
TUSA First Trust Total US Market AlphaDEX ETF 6.5 70 -10 5.7 -1.2
IFRA iShares U.S. Infrastructure ETF 6.2 40 20 5.7 -1.2
CALF Pacer US Small Cap Cash Cows 100 ETF 6.0 59 1 10.5 +3.5

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:
Small Cap US Equity Select 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 10.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.