IQ US Real Estate Small Cap ETF
ALTAR
Score™
15.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.1x P/Sales
ratio
2.4x
P/BV
ratio
0.8x Div.
yield
10.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQ US Real Estate Small Cap ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the IQ US Real Estate Small Cap Index.

FUND BASICS
Category US Equities
Fund Sponsor IndexIQ Advisors LLC
Website www.IndexIQ.com
Inception date Jun 14, 2011
Assets (mns) $33
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 76
Wgt avg mkt cap (mns) $1,576
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 35.9%
Small cap (<$2bn) 64.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
QTS REALTY TRUST INC-CL A 4.9 %
STAG INDUSTRIAL INC 4.8 %
TERRENO REALTY CORP 4.7 %
MGM GROWTH PROPERTIES LLC CLASS A 4.4 %
AGREE REALTY CORP 3.8 %
TAUBMAN CENTERS INC 3.8 %
PHYSICIANS REALTY TRUST 3.8 %
LEXINGTON REALTY TRUST 3.6 %
PIEDMONT OFFICE REALTY TRUST, INC. 2.9 %
EASTERLY GOVERNMENT PROPERTIES, IN 2.9 %
Total 39.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %
CANADA 0.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-37.6% -33.1% -5.3% -- 2.6%

Market Correlations
versus... Beta R-squared
S&P500 1.18 55%
MSCI EAFE 1.15 51%
MSCI Emg. Mkts. 0.85 41%

Technical Indicators
Recent close $13.79
30d moving avg. $19.70
Annualized volatility 24.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.1%
Relative strength (RSI) 27

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.8%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $1,065

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ROOF Expense: 70 bp ALTAR Score™: 15.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ROOF
Ticker Fund
Name
Overlap1
vs ROOF
(%)
Expense
ratio
(bp)
Savings
vs ROOF
(bp)
ALTAR
Score™
(%)
ALTAR
vs ROOF
(%)
PSCF Invesco S&P SmallCap Financials ETF 28.7 29 41 15.8 +0.2
RORE Hartford Multifactor REIT ETF 26.7 45 25 20.2 +4.6
NETL NETLease Corporate Real Estate ETF 25.4 60 10 11.4 -4.2
GRI ALPS REIT Dividend Dogs ETF 23.8 35 35 21.2 +5.6
XSLV Invesco S&P SmallCap Low Volatility ETF 22.1 25 45 12.0 -3.6
KBWY Invesco KBW Premium Yield Equity REIT ETF 19.0 35 35 25.1 +9.5
PPTY PPTY-U.S. Diversified Real Estate ETF 18.6 53 17 8.3 -7.3
RTL Pacer Benchmark Retail Real Estate SCTR ETF 18.0 60 10 16.7 +1.1
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 16.9 60 10 5.3 -10.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 11.5 12 58 12.0 -3.6
PXSG Invesco S&P SmallCap Momentum ETF 11.4 39 31 7.7 -7.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 10.1 30 40 17.6 +2.0
DES WisdomTree U.S. SmallCap Dividend Fund 9.6 38 32 12.7 -2.9
SLYV SPDR S&P 600 Small Cap Value ETF 8.9 15 55 12.6 -3.0
IJS iShares S&P Small-cap 600 Value ETF 8.9 25 45 12.4 -3.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 8.7 15 55 12.6 -3.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 8.6 11 59 9.6 -6.0
FRI First Trust S&P REIT Index Fund 8.3 50 20 9.2 -6.4
USRT iShares Core U.S. REIT ETF 8.1 8 62 9.6 -6.0
REM iShares Mortgage Real Estate ETF 7.9 48 22 37.9 +22.3
SRET Global X SuperDividend REIT ETF 7.9 59 11 31.0 +15.4
PSR Invesco Active U.S. Real Estate Fund 7.5 35 35 7.7 -7.9
SCAP AdvisorShares Cornerstone Small Cap ETF 7.4 90 -20 7.9 -7.7
NURE Nuveen Short-Term REIT ETF 7.1 35 35 11.1 -4.5
IWN iShares Russell 2000 Value ETF 7.1 24 46 10.4 -5.2
SLY SPDR S&P 600 Small Cap ETF 7.0 15 55 9.8 -5.8
SPSM SPDR Portfolio Small Cap ETF 7.0 5 65 9.9 -5.7
IJR iShares Core S&P Small Cap ETF 7.0 7 63 9.9 -5.7
VTWV Vanguard Russell 2000 Value Index Fund 6.9 15 55 10.5 -5.1
VIOO Vanguard S&P Small-Cap 600 ETF 6.9 10 60 9.8 -5.8
SCHH Schwab U.S. REIT ETF 6.8 7 63 9.8 -5.8
FREL Fidelity MSCI Real Estate Index ETF 6.7 8 62 8.5 -7.1
RWR SPDR Dow Jones REIT ETF 6.7 25 45 9.7 -5.9
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 6.6 39 31 8.9 -6.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 6.6 24 46 11.3 -4.3
VRAI Virtus Real Asset Income ETF 6.5 55 15 15.7 +0.1
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 6.5 60 10 4.2 -11.4
RNSC Small Cap US Equity Select ETF 6.5 60 10 9.7 -5.9
MORT VanEck Vectors Mortgage REIT Income ETF 6.4 42 28 39.6 +24.0
VNQ Vanguard REIT Index Fund 6.2 12 58 8.5 -7.1
FYC First Trust Small Cap Growth AlphaDEX Fund 6.0 70 0 3.7 -11.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 5.9 40 30 9.2 -6.4
REET iShares Global REIT ETF 5.7 14 56 9.4 -6.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.7 39 31 16.4 +0.8
SDIV Global X SuperDividend ETF 5.4 58 12 25.1 +9.5
SLYG SPDR S&P 600 Small Cap Growth ETF 5.4 15 55 7.8 -7.8
IJT iShares S&P Small-Cap 600 Growth ETF 5.4 25 45 7.7 -7.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 5.3 16 54 7.8 -7.8
JKJ iShares Morningstar Small-Cap ETF 5.3 25 45 9.3 -6.3
ISMD Inspire Small/Mid Cap Impact ETF 5.3 61 9 9.8 -5.8
PSC Principal U.S. Small Cap Index ETF 5.3 38 32 11.0 -4.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 5.2 20 50 7.9 -7.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 5.0 29 41 16.1 +0.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 4.8 60 10 9.1 -6.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 4.7 29 41 8.6 -7.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.6 35 35 10.1 -5.5
PFI Invesco DWA Financial Momentum ETF 4.6 60 10 4.3 -11.3
OLD The Long-Term Care ETF 4.5 35 35 8.8 -6.8
FYX First Trust Small Cap Core AlphaDEX Fund 4.3 63 7 9.2 -6.4
IWM iShares Russell 2000 ETF 4.2 19 51 5.6 -10.0
ROGS Hartford Multifactor Global Small Cap ETF 4.1 34 36 12.0 -3.6
CSML IQ Chaikin U.S. Small Cap ETF 4.1 35 35 7.9 -7.7
VTWO Vanguard Russell 2000 Index Fund 4.1 10 60 5.8 -9.8
DIV Global X SuperDividend US ETF 4.0 45 25 15.5 -0.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 4.0 39 31 6.5 -9.1
REZ iShares Residential Real Estate Capped ETF 3.9 48 22 8.0 -7.6
AFSM First Trust Active Factor Small Cap ETF 3.8 75 -5 9.8 -5.8
RWO SPDR Dow Jones Global Real Estate ETF 3.8 50 20 8.9 -6.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.6 20 50 9.0 -6.6
KBWD Invesco KBW High Dividend Yield Financial ETF 3.5 158 -88 25.4 +9.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.5 35 35 9.4 -6.2
SCHA Schwab U.S. Small-Cap ETF 3.5 4 66 7.5 -8.1
JKL iShares Morningstar Small Cap Value ETF 3.5 30 40 15.4 -0.2
GQRE FlexShares Global Quality Real Estate Index Fund 3.4 45 25 9.4 -6.2
XSHQ Invesco S&P SmallCap Quality ETF 3.4 29 41 8.1 -7.5
FYT First Trust Small Cap Value AlphaDEX Fund 3.4 72 -2 14.1 -1.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 3.3 25 45 9.9 -5.7
OSCV Opus Small Cap Value Plus ETF 3.3 79 -9 8.4 -7.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.1 17 53 7.4 -8.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 3.0 30 40 10.9 -4.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 2.9 6 64 8.1 -7.5
JHSC John Hancock Multifactor Small Cap ETF 2.8 50 20 8.9 -6.7
VBR Vanguard Small Cap Value Index Fund 2.8 7 63 12.3 -3.3
DWAS Invesco DWA SmallCap Momentum ETF 2.7 60 10 -1.2 -16.8
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 2.7 125 -55 -3.4 -19.0
VFMV Vanguard U.S. Minimum Volatility ETF 2.6 13 57 6.1 -9.5
PLCY EventShares U.S. Legislative Opportunities ETF 2.6 75 -5 5.5 -10.1
NUSC Nuveen ESG Small-Cap ETF 2.5 40 30 7.6 -8.0
BJK VanEck Vectors Gaming ETF 2.4 66 4 10.6 -5.0
IYR iShares U.S. Real Estate ETF 2.4 42 28 8.5 -7.1
MFMS Motley Fool Small-Cap Growth ETF 2.3 85 -15 -2.2 -17.8
IWC iShares Micro-Cap ETF 2.3 60 10 -5.0 -20.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.3 52 18 8.0 -7.6
WDIV SPDR Global Dividend ETF 2.2 40 30 12.8 -2.8
VB Vanguard Small-Cap ETF 2.1 5 65 8.2 -7.4
FSMD Fidelity Small-Mid Factor ETF 2.0 29 41 10.1 -5.5
BOSS Global X Founder-Run Companies ETF 1.9 45 25 4.9 -10.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 1.9 29 41 3.5 -12.1
VFMO Vanguard U.S. Momentum Factor ETF 1.9 13 57 4.8 -10.8
JKK iShares Morningstar Small-Cap Growth ETF 1.8 30 40 2.2 -13.4

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:
IQ US Real Estate Small Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 15.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.