VanEck Vectors India Small Caps
ALTAR
Score™
5.7% info Recommen-
dation
AVOID
2018E    2019E
P/E
ratio
10.7x P/Sales
ratio
0.4x
P/BV
ratio
0.6x Div.
yield
1.8%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Aug 25, 2010
Assets (mns) $0
Currency USD
Expense ratio 83 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents
Wgt avg mkt cap (mns) $451
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 100.0%
Developed mkts 1.3%
Emerging mkts 98.7%

TOP TEN HOLDINGS
KPIT CUMMINS INFOSYSTEMS LTD 2.5 %
NIIT TECHNOLOGIES LTD 2.3 %
NAGARJUNA CONSTRUCTION CO 2.2 %
IPCA LABORATORIES LTD 1.9 %
PVR LIMITED 1.8 %
CREDIT ANALYSIS & RESEARCH 1.5 %
DEVELOPMENT CREDIT BANK LTD 1.4 %
JAIN IRRIGATION SYSTEMS LTD 1.4 %
CEAT LIMITED 1.4 %
RADICO KHAITAN LTD 1.3 %
Total 17.8 %

TOP COUNTRY EXPOSURE
0.0 %











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.
-21.8% -15.2% -5.5% -- -8.0%

Market Correlations
versus... Beta R-squared
S&P500 -0.01 0%
MSCI EAFE 0.50 4%
MSCI Emg. Mkts. 0.67 13%

Technical Indicators
Recent close $33.36
30d moving avg. $32.23
Annualized volatility 26.4%
Short interest (ETF) 1.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 46
Turnover 0.0%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $54

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VanEck Vectors India Small Caps ETF based on the alternatives' overlap in portfolio holdings with SCIF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCIF Expense: 83 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCIF
Ticker Fund
Name
Overlap1
vs SCIF
(%)
Expense
ratio
(bp)
Savings
vs SCIF
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCIF
(%)
SMIN iShares MSCI India Small Cap 11.4 77 6 5.5 -0.3
EPI WisdomTree India Earnings 2.3 85 -2 9.5 +3.8
EWX SPDR S&P Emerging Markets Small Cap 2.0 65 18 7.8 +2.1
EEMS iShares MSCI Emerging Market Small Cap 1.3 67 16 6.3 +0.6
BICK First Trust BICK Index Fund 1.1 64 19 5.9 +0.2
DGS WisdomTree Emg. Mkts. Small Cap Dividend 0.5 63 20 12.1 +6.3
GMF SPDR S&P Emerging Asia Pacific 0.5 49 34 8.0 +2.3
FEMS First Trust Emerging Markets Small Cap 0.4 80 3 10.5 +4.8
SPEM SPDR Portfolio Emerging Markets 0.4 11 72 8.3 +2.6
VEGI iShares MSCI Global Agriculture Producers 0.3 39 44 6.7 +1.0
VSS Vanguard FTSE All World ex-US Small Cap 0.3 12 71 6.6 +0.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value 0.2 29 54 6.3 +0.6
FNI First Trust ISE Chindia 0.2 59 24 4.2 -1.6
IEMG iShares Core MSCI Emerging Markets 0.2 14 69 8.5 +2.7
MXDE Nationwide Maximum Diversification Emg Mkts Core 0.1 64 19 5.4 -0.4
ACIM SPDR MSCI ACWI IMI 0.1 9 74 6.1 +0.3
VWO Vanguard Emerging Markets 0.1 12 71 8.5 +2.8
EMQQ Emerging Markets Internet & E-Commerce 0.1 86 -3 4.3 -1.5
TLTE FlexShares Mngstr Emerging Markets Factor Tilt 0.1 59 24 10.3 +4.6
DBAP Xtrackers MSCI Asia Pacific Ex-Japan Hedged 0.1 10 73 7.8 +2.0

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

  2013 2014 2015 2016 2017 2018E 2019E
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
  2017 2018E 2019E
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 India Small Caps
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.9 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.