VanEck Vectors Russia Small-Cap ETF
ALTAR
Score™
10.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
26.6x P/Sales
ratio
0.4x
P/BV
ratio
1.6x Div.
yield
5.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Russia Small-Cap ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Russia Small-Cap Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Apr 13, 2011
Assets (mns) $29
Currency USD
Expense ratio 77 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $863
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 75.2%
Developed mkts 17.3%
Emerging mkts 82.7%

TOP TEN HOLDINGS
SISTEMA PJSFC SPONSORED GDR REGS 8.1 %
AEROFLOT-RUSSIAN AIRLINES 6.4 %
LSR GROUP 6.2 %
QIWI PLC-SPONSORED ADR 5.4 %
E.ON RUSSIA JSC 5.3 %
HEADHUNTER GROUP PLC SPONSORED ADR 4.9 %
OGK-2 4.5 %
HIGHLAND GOLD MINING LTD 4.5 %
GLOBALTRA-SPONS GDR REG S 4.3 %
PETROPAVLOVSK PLC 4.1 %
Total 53.6 %

TOP COUNTRY EXPOSURE
RUSSIA 46.7 %
CYPRUS 17.8 %
BRITAIN 10.0 %
BERMUDA 3.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.6% -5.0% 10.4% -- -6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.13 54%
MSCI EAFE 1.29 62%
MSCI Emg. Mkts. 1.05 64%

Technical Indicators
Recent close $31.36
30d moving avg. $30.80
Annualized volatility 26.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 1.07%
ADV underlying (mns) $95

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 53 potential alternatives to the VanEck Vectors Russia Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with RSXJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RSXJ Expense: 77 bp ALTAR Score™: 10.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RSXJ
Ticker Fund
Name
Overlap1
vs RSXJ
(%)
Expense
ratio
(bp)
Savings
vs RSXJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs RSXJ
(%)
SGDJ ALPS Sprott Junior Gold Miners ETF 3.5 50 27 3.4 -7.1
BETZ Roundhill Sports Betting & iGaming ETF 3.4 75 2 10.4 -0.2
GOEX Global X Gold Explorers ETF 2.7 65 12 3.2 -7.4
EYLD Cambria Emerging Shareholder Yield ETF 2.3 66 11 16.9 +6.4
FLRU Franklin FTSE Russia ETF 1.4 19 58 20.2 +9.6
KOL VanEck Vectors Coal ETF 1.3 60 17 20.9 +10.3
GVAL Cambria Global Value ETF 1.0 69 8 11.0 +0.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.8 80 -3 4.1 -6.5
IPAY ETFMG Prime Mobile Payments ETF 0.7 75 2 7.2 -3.4
GDXJ VanEck Vectors Junior Gold Miners ETF 0.6 53 24 2.8 -7.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 18 11.6 +1.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 12 6.4 -4.1
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 30 12.6 +2.0
GFIN Goldman Sachs Motif Finance Reimagined ETF 0.4 50 27 5.4 -5.2
GDX VanEck Vectors Gold Miners ETF 0.4 52 25 2.9 -7.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 69 8 8.3 -2.3
TPAY Tortoise Digital Payments Infrastructure Fund 0.3 40 37 5.9 -4.6
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.3 80 -3 18.7 +8.2
KOMP SPDR Kensho New Economies Composite ETF 0.3 20 57 2.6 -8.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -9 2.3 -8.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 18 8.6 -2.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 49 28 9.0 -1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 38 8.6 -2.0
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.1 40 37 8.9 -1.7
ISDS Invesco Strategic Developed ex-US Small Company ETF 0.1 35 42 6.9 -3.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 37 7.5 -3.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 38 7.5 -3.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 7 2.4 -8.1
IEUS iShares MSCI Europe Small-Cap ETF 0.1 40 37 8.1 -2.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 50 27 13.7 +3.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.1 11 66 7.0 -3.6
AVDV Avantis International Small Cap Value ETF 0.1 36 41 7.8 -2.8
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.1 10 67 9.3 -1.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 10 67 8.6 -2.0
SCZ iShares MSCI Eafe Small-Cap ETF 0.0 40 37 7.4 -3.2
AVEM Avantis Emerging Markets Equity ETF 0.0 33 44 9.4 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 0.0 13 64 8.4 -2.2
AVDE Avantis International Equity ETF 0.0 23 54 8.1 -2.5
GWX SPDR S&P International Small Cap ETF 0.0 40 37 6.8 -3.8
VNQI Vanguard Global ex-US Real Estate Index Fund 0.0 12 65 10.2 -0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.0 15 62 9.2 -1.4
GRES IQ Global Resources ETF 0.0 77 0 7.7 -2.9
SPEM SPDR Portfolio Emerging Markets ETF 0.0 11 66 8.3 -2.3
IXUS ishares Core MSCI Total International Stock ETF 0.0 9 68 7.6 -2.9
VSGX Vanguard ESG International Stock ETF 0.0 17 60 7.4 -3.1
VYMI Vanguard International High Dividend Yield ETF 0.0 32 45 10.4 -0.2
VXUS Vanguard Total International Stock Index Fund 0.0 8 69 7.8 -2.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 56 3.0 -7.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 69 7.8 -2.7
VT Vanguard Total World Stock Index Fund 0.0 8 69 6.3 -4.3
SCHE Schwab Emerging Markets Equity ETF 0.0 11 66 8.4 -2.2
IEUR iShares Core MSCI Europe ETF 0.0 9 68 7.3 -3.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 70 7.4 -3.1

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:
VanEck Vectors Russia Small-Cap 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 17.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 10.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.45
 
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.