ALPS Sprott Junior Gold Miners ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
12.6x P/Sales
ratio
1.6x
P/BV
ratio
1.1x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Sprott Junior Gold Miners ETF tracks an index of US- and Canada-listed small-cap gold and silver miner stocks. The index selects firms by market cap and weights them by revenue growth and relative price momentum.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS
Website www.sprottetfs.com
Inception date Mar 31, 2015
Assets (mns) $63
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 46
Wgt avg mkt cap (mns) $1,077
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 15.4%
Small cap (<$2bn) 84.6%
Developed mkts 95.3%
Emerging mkts 4.7%

TOP TEN HOLDINGS
SARACEN MINERAL HOLDINGS LTD 7.3 %
ELDORADO GOLD CORP 5.3 %
SILVER LAKE RESOURCES LTD 5.0 %
TOREX GOLD RESOURCES INC. 4.7 %
PERSEUS MINING LTD 4.6 %
WESDOME GOLD MINES LTD 4.5 %
OSISKO MINING INC 4.4 %
HIGHLAND GOLD MINING LTD 4.4 %
TERANGA GOLD CORPORATION 4.4 %
OCEANAGOLD CORP 4.3 %
Total 49.0 %

TOP COUNTRY EXPOSURE
CANADA 54.3 %
AUSTRALIA 24.6 %
BRITAIN 7.9 %
INDONESIA 3.9 %
UNITED STATES 3.4 %






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.
-2.8% 20.7% -- -- 11.4%

Market Correlations
versus... Beta R-squared
S&P500 -0.11 0%
MSCI EAFE 0.31 2%
MSCI Emg. Mkts. 0.44 6%

Technical Indicators
Recent close $34.05
30d moving avg. $32.34
Annualized volatility 25.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.9%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $205

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SGDJ Expense: 50 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SGDJ
Ticker Fund
Name
Overlap1
vs SGDJ
(%)
Expense
ratio
(bp)
Savings
vs SGDJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SGDJ
(%)
GOEX Global X Gold Explorers ETF 46.0 65 -15 3.6 -0.1
GDXJ VanEck Vectors Junior Gold Miners ETF 19.4 53 -3 3.3 -0.4
SGDM Sprott Gold Miners ETF 16.6 50 0 3.0 -0.7
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 14.6 60 -10 2.4 -1.3
SLVP iShares MSCI Global Silver Miners ETF 10.9 39 11 1.6 -2.1
RING iShares MSCI Global Gold Miners ETF 9.7 39 11 3.4 -0.3
GDX VanEck Vectors Gold Miners ETF 8.6 52 -2 2.8 -0.9
RSXJ VanEck Vectors Russia Small-Cap ETF 5.0 76 -26 15.8 +12.2
SILJ ETFMG Prime Junior Silver ETF 4.9 69 -19 0.7 -3.0
SIL Global X Silver Miners ETF 3.0 65 -15 2.8 -0.9
XME SPDR S&P Metals & Mining ETF 2.9 35 15 3.4 -0.3
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 2.8 40 10 7.7 +4.0
AVDV Avantis International Small Cap Value ETF 2.5 36 14 8.4 +4.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.2 80 -30 10.9 +7.2
GWX SPDR S&P International Small Cap ETF 1.9 40 10 5.8 +2.1
ISDS Invesco Strategic Developed ex-US Small Company ETF 1.7 35 15 6.2 +2.5
AIIQ AI Powered International Equity ETF 1.7 79 -29 5.1 +1.5
SCHC Schwab International Small-Cap Equity ETF 1.3 12 38 6.8 +3.1
BATT Amplify Advanced Battery Metals & Materials ETF 1.1 72 -22 1.1 -2.6
ARGT Global X MSCI Argentina ETF 1.1 59 -9 7.0 +3.3

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 Sprott Junior Gold Miners ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.32 CATEGORY
AVERAGE
1.55
 
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.