Reverse Cap Weighted U.S. Large Cap ETF
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
1.2x
P/BV
ratio
2.0x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Reverse Cap Weighted US Large Cap Strategy ETF tracks a rules-based, reverse capitalization weighted index comprised of 500 large cap US listed equities, where the components are weighted by the inverse of each stock's proportional market capitalization.

FUND BASICS
Category US Equities
Fund Sponsor Exponential ETFs
Website www.reverseetf.com
Inception date Nov 01, 2017
Assets (mns) $13
Currency USD
Expense ratio 29 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 503
Wgt avg mkt cap (mns) $18,843
Large cap (>$10bn) 63.3%
Mid cap ($2-10bn) 36.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROLLINS INC 1.2 %
L BRANDS, INC. 1.0 %
IPG PHOTONICS CORP 0.9 %
CABOT OIL & GAS CORP 0.8 %
DAVITA INC 0.8 %
ALBEMARLE CORP 0.7 %
SMITH (A.O.) CORP 0.7 %
H&R BLOCK INC 0.7 %
QUANTA SERVICES INC 0.7 %
GAP INC/THE 0.7 %
Total 8.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.6 %
IRELAND 2.1 %
BRITAIN 1.9 %
SWITZERLAND 0.5 %
BERMUDA 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.0% -6.5% -- -- -2.3%

Market Correlations
versus... Beta R-squared
S&P500 1.26 92%
MSCI EAFE 1.33 88%
MSCI Emg. Mkts. 1.02 77%

Technical Indicators
Recent close $14.55
30d moving avg. $13.49
Annualized volatility 24.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 21
Turnover 2.3%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $222,754

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Reverse Cap Weighted U.S. Large Cap ETF ETF based on the alternatives' overlap in portfolio holdings with RVRS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RVRS Expense: 29 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RVRS
Ticker Fund
Name
Overlap1
vs RVRS
(%)
Expense
ratio
(bp)
Savings
vs RVRS
(bp)
ALTAR
Score™
(%)
ALTAR
vs RVRS
(%)
RSP Invesco S&P 500 Equal Weight ETF 68.6 20 9 6.9 -0.4
EUSA iShares MSCI USA Equal Weighted ETF 57.2 15 14 6.2 -1.2
SIZE iShares Edge MSCI USA Size Factor ETF 56.9 15 14 6.0 -1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 53.2 9 20 6.0 -1.4
VO Vanguard Mid-Cap Index Fund 49.2 4 25 5.5 -1.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 47.4 35 -6 5.9 -1.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 46.8 17 12 7.0 -0.4
JHMM John Hancock Multifactor Mid Cap ETF 46.1 44 -15 5.8 -1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 45.4 20 9 6.6 -0.7
IWR iShares Russell Midcap ETF 44.8 19 10 5.7 -1.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 44.5 17 12 6.6 -0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 43.8 29 0 6.8 -0.6
SCIU Global X Scientific Beta US ETF 43.6 19 10 5.8 -1.6
RNLC Large Cap US Equity Select ETF 41.1 60 -31 6.3 -1.1
IWS iShares Russell Mid-Cap Value ETF 40.9 24 5 7.3 -0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 40.5 24 5 6.1 -1.3
FEX First Trust Large Cap Core AlphaDEX Fund 40.0 60 -31 6.1 -1.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 39.6 20 9 7.1 -0.3
JHML John Hancock Multifactor Large Cap ETF 39.6 34 -5 5.6 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 39.4 20 9 5.1 -2.2
TPLC Timothy Plan US Large Cap Core ETF 38.7 52 -23 5.5 -1.9
VOE Vanguard Mid-Cap Value Index Fund 38.2 7 22 8.0 +0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 36.1 19 10 6.3 -1.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 35.2 35 -6 5.9 -1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 34.9 30 -1 6.8 -0.6
RBUS Nationwide Risk-Based U.S. Equity ETF 34.6 30 -1 5.1 -2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 34.6 9 20 5.6 -1.7
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 31.5 35 -6 5.9 -1.5
PBP Invesco S&P 500 BuyWrite ETF 30.0 49 -20 5.1 -2.3
AFLG First Trust Active Factor Large Cap ETF 29.7 55 -26 5.6 -1.7
HSPX Global X S&P 500 Covered Call ETF 29.6 65 -36 5.0 -2.4
VLU SPDR S&P 1500 Value Tilt ETF 29.5 12 17 7.5 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 29.4 27 2 5.7 -1.7
AVUS Avantis U.S. Equity ETF 29.3 15 14 5.9 -1.5
JKI iShares Morningstar Mid-Cap Value ETF 29.3 30 -1 9.7 +2.3
RWL Invesco S&P 500 Revenue ETF 29.3 39 -10 6.9 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 29.3 29 0 5.4 -2.0
IVE iShares S&P 500 Value ETF 29.1 18 11 7.3 -0.1
SPYV SPDR Portfolio S&P 500 Value ETF 29.1 4 25 7.4 +0.0
VOOV Vanguard S&P 500 Value ETF 29.0 15 14 7.3 -0.1
SPLG SPDR Portfolio Large Cap ETF 28.4 3 26 5.6 -1.8
IVV iShares Core S&P 500 ETF 28.4 4 25 5.6 -1.8
SPY SPDR S&P 500 ETF Trust 28.3 9 20 5.5 -1.9
VOO VANGUARD S&P 500 ETF 28.0 3 26 5.6 -1.8
IUSV iShares Core S&P U.S. Value ETF 28.0 4 25 7.5 +0.1
BLES Inspire Global Hope Large Cap ETF 27.9 61 -32 6.6 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 27.8 39 -10 6.9 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 27.8 27 2 5.5 -1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 27.6 20 9 5.6 -1.8
ETHO Etho Climate Leadership U.S. ETF 27.6 47 -18 4.4 -2.9
IWD iShares Russell 1000 Value ETF 27.6 19 10 7.2 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 27.6 15 14 5.9 -1.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 27.5 25 4 6.7 -0.7
VONV Vanguard Russell 1000 Value Index Fund 27.4 8 21 7.3 -0.1
PBUS Invesco PureBeta MSCI USA ETF 27.3 4 25 5.4 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 27.2 27 2 5.2 -2.1
ONEY SPDR Russell 1000 Yield Focus ETF 27.2 20 9 8.6 +1.2
RNDV US Equity Dividend Select ETF 27.1 50 -21 7.9 +0.5
MAGA Point Bridge GOP Stock Tracker ETF 27.1 72 -43 6.7 -0.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 27.1 20 9 7.7 +0.3
VV Vanguard Large-Cap Index Fund 27.1 4 25 5.4 -2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.0 2 27 5.5 -1.9
TUSA First Trust Total US Market AlphaDEX ETF 27.0 70 -41 6.2 -1.2
SCHX Schwab U.S. Large-Cap ETF 26.9 3 26 5.5 -1.9
DON WisdomTree U.S. MidCap Dividend Fund 26.8 38 -9 7.8 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 26.8 3 26 5.7 -1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 26.7 25 4 6.6 -0.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 26.7 34 -5 5.2 -2.1
IWP iShares Russell Mid-Cap Growth ETF 26.7 24 5 4.2 -3.1
FAB First Trust Multi Cap Value AlphaDEX Fund 26.6 71 -42 9.7 +2.3
SCHM Schwab U.S. Mid-Cap ETF 26.5 4 25 6.4 -1.0
JKG iShares Morningstar Mid-Cap ETF 26.5 25 4 6.1 -1.3
SCHK Schwab 1000 Index ETF 26.4 5 24 5.4 -1.9
IWB iShares Russell 1000 ETF 26.3 15 14 5.3 -2.0
IYY iShares Dow Jones U.S. ETF 26.2 20 9 5.3 -2.1
VONE Vanguard Russell 1000 ETF 26.2 8 21 5.4 -1.9
EXT WisdomTree U.S. Total Earnings Fund 25.9 28 1 5.9 -1.5
ROUS Hartford Multifactor US Equity ETF 25.8 19 10 7.3 -0.1
VOT Vanguard Mid-Cap Growth Index Fund 25.8 7 22 3.6 -3.8
EPS WisdomTree U.S. Earnings 500 Fund 25.7 8 21 6.6 -0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.7 75 -46 3.7 -3.7
VTI Vanguard Total Stock Market Index Fund 25.5 3 26 5.3 -2.1
SCHB Schwab U.S. Broad Market ETF 25.5 3 26 5.4 -2.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.5 3 26 5.3 -2.1
IWV iShares Russell 3000 ETF 25.3 20 9 5.2 -2.2
VTHR Vanguard Russell 3000 Index Fund 25.3 10 19 5.3 -2.1
SPXN ProShares S&P 500 Ex-Financials ETF 25.2 27 2 5.2 -2.2
SFY SoFi Select 500 ETF 25.1 0 29 5.4 -2.0
PVAL Principal Contrarian Value Index ETF 24.8 29 0 7.5 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.8 29 0 6.2 -1.1
FTA First Trust Large Cap Value AlphaDEX Fund 24.8 60 -31 9.2 +1.9
BFOR Barron's 400 ETF 24.7 66 -37 6.4 -1.0
IUS Invesco Strategic US ETF 24.7 19 10 6.3 -1.1
SCHV Schwab U.S. Large-Cap Value ETF 24.4 4 25 7.2 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 24.1 15 14 5.2 -2.2
USMF WisdomTree U.S. Multifactor Fund 24.0 28 1 6.2 -1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 23.2 25 4 6.3 -1.1
JMIN JPMorgan U.S. Minimum Volatility ETF 22.9 12 17 5.9 -1.5
VALQ American Century STOXX U.S. Quality Value ETF 22.9 29 0 9.0 +1.6
VTV Vanguard Value Index Fund 22.8 4 25 7.4 +0.0

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:
Reverse Cap Weighted U.S. Large 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 14.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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