ALPS Sector Dividend Dogs ETF
ALTAR
Score™
10.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.2x P/Sales
ratio
0.8x
P/BV
ratio
1.6x Div.
yield
5.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ALPS Sector Dividend Dogs ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that replicate as closely as possible, before fees and expenses, the performance of the S-Network Sector Dividend Dogs Index.

FUND BASICS
Category US Equities
Fund Sponsor ALPS Advisors Inc
Website www.alpsetfs.com
Inception date Jun 29, 2012
Assets (mns) $1,501
Currency USD
Expense ratio 40 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $56,229
Large cap (>$10bn) 81.1%
Mid cap ($2-10bn) 18.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
L BRANDS, INC. 2.7 %
WESTERN DIGITAL CORP 2.5 %
DUKE ENERGY CORP 2.3 %
SOUTHERN CO 2.3 %
EATON CORP PLC 2.2 %
INTL BUSINESS MACHINES CORP 2.2 %
OCCIDENTAL PETROLEUM CORP 2.2 %
CARDINAL HEALTH INC 2.2 %
DOMINION RESOURCES INC/VA 2.2 %
MOLSON COORS BREWING CO -B 2.2 %
Total 22.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
IRELAND 4.1 %
BRITAIN 1.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.2% 9.2% 7.8% -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 1.08 86%
MSCI EAFE 1.05 67%
MSCI Emg. Mkts. 0.70 51%

Technical Indicators
Recent close $40.94
30d moving avg. $46.17
Annualized volatility 14.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.6%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 119
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $17,311

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the ALPS Sector Dividend Dogs ETF ETF based on the alternatives' overlap in portfolio holdings with SDOG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SDOG Expense: 40 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SDOG
Ticker Fund
Name
Overlap1
vs SDOG
(%)
Expense
ratio
(bp)
Savings
vs SDOG
(bp)
ALTAR
Score™
(%)
ALTAR
vs SDOG
(%)
SPDV AAM S&P 500 High Dividend Value ETF 56.0 29 11 10.8 +0.4
SPYD SPDR S&P 500 High Dividend ETF 48.3 7 33 10.0 -0.4
GBDV Global Beta Smart Income ETF 48.2 29 11 11.9 +1.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 44.4 30 10 8.8 -1.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 41.0 38 2 8.3 -2.1
FDL First Trust Morningstar Dividend Leaders Index Fund 37.3 45 -5 9.3 -1.1
PEY Invesco High Yield Equity Dividend Achievers ETF 37.1 53 -13 7.4 -3.0
DVY iShares Select Dividend ETF 37.0 39 1 8.5 -1.9
RNDV US Equity Dividend Select ETF 36.5 50 -10 8.2 -2.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 33.9 39 1 10.7 +0.3
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF 33.8 35 5 8.8 -1.6
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 33.8 35 5 8.8 -1.6
DHS WisdomTree U.S. High Dividend Fund 32.0 38 2 8.6 -1.9
WBIY WBI Power Factor High Dividend ETF 30.5 70 -30 12.3 +1.9
DVOP Source Dividend Opportunity ETF 28.7 50 -10 9.5 -0.9
OYLD Invesco Russell 1000 Yield Factor ETF 26.8 19 21 6.7 -3.7
USDY Pacific Global US Equity Income ETF 26.6 29 11 8.1 -2.3
FDRR Fidelity Dividend ETF for Rising Rates 26.5 29 11 8.0 -2.5
DEW WisdomTree Global High Dividend Fund 25.5 58 -18 9.5 -0.9
QDIV Global X S&P 500 Quality Dividend ETF 25.4 20 20 8.5 -1.9

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:
ALPS Sector Dividend Dogs 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 16.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 CATEGORY
AVERAGE
1.56
 
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.