VanEck Vectors Russia Small
ALTAR
Score™
9.4% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
6.3x P/Sales
ratio
0.3x
P/BV
ratio
1.1x Div.
yield
6.5%


  • 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 14, 2011
Assets (mns) $35
Currency USD
Expense ratio 76 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) $1,090
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 22.3%
Small cap (<$2bn) 75.7%
Developed mkts 21.4%
Emerging mkts 78.6%

TOP TEN HOLDINGS
SISTEMA PJSFC SPONSORED GDR REGS 8.5 %
AEROFLOT-RUSSIAN AIRLINES 8.0 %
M.VIDEO PJSC 5.9 %
LSR GROUP OJSC-GDR REGS 5.7 %
ITE GROUP PLC 4.8 %
E.ON RUSSIA JSC 4.6 %
RUSSIAN GRIDS OAO 4.4 %
GLOBALTRA-SPONS GDR REG S 4.3 %
HIGHLAND GOLD MINING LTD 3.9 %
QIWI PLC-SPONSORED ADR 3.8 %
Total 54.0 %

TOP COUNTRY EXPOSURE
RUSSIA 54.0 %
CYPRUS 11.7 %
BRITAIN 11.3 %
BERMUDA 1.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.9% 17.6% 6.9% -- -6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.71 22%
MSCI EAFE 0.82 25%
MSCI Emg. Mkts. 0.68 28%

Technical Indicators
Recent close $35.18
30d moving avg. $34.34
Annualized volatility 18.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $22

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VanEck Vectors Russia Small 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: 76 bp ALTAR Score™: 9.4%


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 6.3 50 26 2.3 -7.1
GOEX Global X Gold Explorers 3.0 65 11 2.5 -6.9
FLRU Franklin FTSE Russia 2.2 19 57 17.5 +8.1
GOAU U.S. Global GO GOLD and Precious Metal Miners 1.8 60 16 3.8 -5.6
IPAY ETFMG Prime Mobile Payments 1.5 75 1 6.1 -3.3
REDV Invesco Emerging Markets Ultra Dividend Revenue ETF 1.5 46 30 18.2 +8.8
BLOK Amplify Transformational Data Sharing 1.1 70 6 5.5 -3.9
GVAL Cambria Global Value 0.8 69 7 9.3 -0.1
GDXJ VanEck Vectors Jr. Gold Miners 0.7 53 23 2.5 -6.8
EWX SPDR S&P Emerging Markets Small Cap 0.7 65 11 7.9 -1.4
EEMS iShares MSCI Emerging Market Small Cap 0.6 67 9 6.5 -2.9
KEMQ KraneShares EM Consumer Focus 0.6 80 -4 8.9 -0.4
TLTE FlexShares Mngstr Emerging Markets Factor Tilt 0.6 59 17 10.6 +1.2
GDX VanEck Vectors Gold Miners ETF 0.5 52 24 2.5 -6.9
PSP Invesco Global Listed Private Equity 0.5 178 -102 3.8 -5.6
GFIN Goldman Sachs Motif Finance Reimagined 0.4 50 26 5.5 -3.8
IQDF FlexShares Int'l Quality Dividend 0.4 47 29 9.6 +0.2
IQDY FlexShares Int'l Quality Dividend Dynamic 0.4 47 29 9.0 -0.4
TPAY Tortoise Digital Payments Infrastructure Fund 0.4 40 36 5.2 -4.2
RFEM First Trust Riverfront Dynamic Emerging Markets 0.4 95 -19 10.8 +1.4

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 9.8 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 76 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.