Sprott Gold Miners ETF
ALTAR
Score™
2.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
3.4x
P/BV
ratio
1.7x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Sprott Gold Miners ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Sprott Zacks Gold Miners Index, which is made up of of large to mid capitalization gold companies whose stocks are listed on major U.S. exchanges.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS Advisors
Website www.alpsetfs.com
Inception date Jul 14, 2014
Assets (mns) $252
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $18,552
Large cap (>$10bn) 45.7%
Mid cap ($2-10bn) 32.9%
Small cap (<$2bn) 21.4%
Developed mkts 94.0%
Emerging mkts 6.1%

TOP TEN HOLDINGS
NEWMONT MINING CORP 14.0 %
BARRICK GOLD CORP 13.6 %
FRANCO-NEVADA CORP 8.4 %
KIRKLAND LAKE GOLD LTD. 5.0 %
CENTERRA GOLD INC 4.0 %
ALAMOS GOLD INC 3.9 %
TOREX GOLD RESOURCES INC. 3.9 %
ROYAL GOLD INC 3.9 %
SEMAFO INC 3.7 %
IAMGOLD CORP 3.7 %
Total 64.0 %

TOP COUNTRY EXPOSURE
CANADA 73.5 %
UNITED STATES 20.4 %
SOUTH AFRICA 6.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.7% 44.0% 15.3% -- 4.9%

Market Correlations
versus... Beta R-squared
S&P500 0.93 19%
MSCI EAFE 1.08 22%
MSCI Emg. Mkts. 1.01 31%

Technical Indicators
Recent close $31.08
30d moving avg. $29.40
Annualized volatility 36.4%
Short interest (ETF) 0.7%
Short interest (Underlying) 2.6%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 73
Turnover 0.9%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $3,733

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Sprott Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with SGDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SGDM Expense: 50 bp ALTAR Score™: 2.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SGDM
Ticker Fund
Name
Overlap1
vs SGDM
(%)
Expense
ratio
(bp)
Savings
vs SGDM
(bp)
ALTAR
Score™
(%)
ALTAR
vs SGDM
(%)
RING iShares MSCI Global Gold Miners ETF 55.0 39 11 3.4 +0.5
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 41.6 60 -10 2.5 -0.4
NANR SPDR S&P North American Natural Resources ETF 31.9 35 15 3.4 +0.6
GDX VanEck Vectors Gold Miners ETF 29.7 52 -2 2.9 +0.1
GOEX Global X Gold Explorers ETF 28.8 65 -15 3.2 +0.4
SLVP iShares MSCI Global Silver Miners ETF 19.9 39 11 1.7 -1.2
SGDJ ALPS Sprott Junior Gold Miners ETF 16.1 50 0 3.4 +0.6
GUNR Flexshares Morningstar Global Upstream Natural Resources 12.5 46 4 5.8 +3.0
XME SPDR S&P Metals & Mining ETF 11.6 35 15 8.5 +5.6
GDXJ VanEck Vectors Junior Gold Miners ETF 10.7 53 -3 2.8 -0.0
EWC iShares MSCI Canada ETF 10.3 49 1 6.9 +4.1
IYM iShares U.S. Basic Materials ETF 10.0 42 8 5.4 +2.6
MXI iShares Global Materials ETF 9.8 46 4 6.1 +3.3
BBCA JPMorgan BetaBuilders Canada ETF 9.7 19 31 7.1 +4.3
QCAN SPDR MSCI Canada Quality Mix ETF 9.3 14 36 7.2 +4.3
FLCA Franklin FTSE Canada ETF 9.1 9 41 7.4 +4.5
SILJ ETFMG Prime Junior Silver ETF 8.8 69 -19 0.5 -2.4
PYZ Invesco DWA Basic Materials Momentum ETF 7.7 60 -10 6.1 +3.2
XLB Materials Select Sector SPDR Fund 7.7 13 37 5.9 +3.1
GNR SPDR S&P Global Natural Resources ETF 7.6 40 10 6.7 +3.8
SIL Global X Silver Miners ETF 7.5 66 -16 1.8 -1.0
FMAT Fidelity MSCI Materials Index ETF 7.4 8 42 6.1 +3.2
VAW Vanguard Materials Index Fund 7.3 10 40 6.1 +3.3
ABEQ Absolute Core Strategy ETF 6.8 85 -35 4.7 +1.9
JHMA John Hancock Multifactor Materials ETF 6.4 40 10 6.8 +4.0
URA Global X Uranium ETF 6.0 71 -21 4.4 +1.5
FXZ First Trust Materials AlphaDEX Fund 5.4 65 -15 7.3 +4.4
IGE iShares North American Natural Resources ETF 4.8 46 4 4.1 +1.3
GRES IQ Global Resources ETF 4.7 77 -27 7.6 +4.8
FCAN First Trust Canada AlphaDex Fund 4.5 80 -30 4.8 +2.0
AIIQ AI Powered International Equity ETF 4.4 79 -29 4.6 +1.8
AADR AdvisorShares Dorsey Wright ADR ETF 4.4 110 -60 3.1 +0.2
ACWV iShares Edge MSCI Min Vol Global ETF 4.3 20 30 5.7 +2.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 4.1 30 20 4.4 +1.5
FFTY Innovator IBD 50 ETF 4.1 80 -30 3.5 +0.7
RTM Invesco S&P 500 Equal Weight Materials ETF 3.9 40 10 6.3 +3.4
NKEF Sample Portfolio 3.9 0 50 4.0 +1.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 3.8 49 1 2.2 -0.7
HAP VanEck Vectors Natural Resources ETF 3.5 50 0 6.4 +3.5
SCHC Schwab International Small-Cap Equity ETF 3.3 11 39 6.9 +4.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 3.3 32 18 6.4 +3.5
AFK VanEck Vectors Africa Index ETF 2.8 79 -29 8.9 +6.1
VOE Vanguard Mid-Cap Value Index Fund 2.8 7 43 8.0 +5.2
IDMO Invesco S&P International Developed Momentum ETF 2.7 26 24 4.6 +1.7
EQWM Invesco S&P MidCap Quality ETF 2.6 25 25 6.5 +3.6
EPU iShares MSCI All Peru Capped ETF 2.6 59 -9 5.8 +3.0
AVDV Avantis International Small Cap Value ETF 2.5 36 14 7.8 +4.9
SPMV Invesco S&P 500 Minimum Variance ETF 2.5 10 40 5.9 +3.0
SDGA Impact Shares Sustainable Development Goals Global ETF 2.4 75 -25 5.4 +2.6
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 2.4 11 39 6.9 +4.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 2.3 34 16 4.9 +2.1
JKE iShares Morningstar Large-Cap Growth ETF 2.3 25 25 2.9 +0.0
INTF iShares Edge MSCI Multifactor Intl ETF 2.2 30 20 8.0 +5.2
PEXL Pacer US Export Leaders ETF 2.1 60 -10 6.1 +3.2
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 2.1 49 1 4.9 +2.1
FTCS First Trust Capital Strength ETF 2.0 58 -8 4.9 +2.1
PWC Invesco Dynamic Market ETF 1.9 59 -9 4.9 +2.0
BIBL Inspire ETF 1.9 35 15 4.9 +2.0
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 1.8 40 10 8.9 +6.0
MVIN Natixis Seeyond International Minimum Volatility ETF 1.8 56 -6 5.4 +2.5
VFMV Vanguard U.S. Minimum Volatility ETF 1.8 13 37 3.9 +1.1
SFYF SoFi 50 ETF 1.8 29 21 5.4 +2.5
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.8 40 10 6.2 +3.4
FDT First Trust Developed Markets ex-US Alphadex Fund 1.8 80 -30 7.7 +4.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 1.7 18 32 5.9 +3.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.7 52 -2 5.1 +2.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.7 20 30 4.7 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 1.7 30 20 6.2 +3.3
FTHI First Trust High Income ETF 1.5 85 -35 5.0 +2.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 1.5 35 15 8.9 +6.0
FTLB First Trust Hedged BuyWrite Income ETF 1.5 85 -35 5.0 +2.2
ARGT Global X MSCI Argentina ETF 1.5 60 -10 5.4 +2.6
AGT iShares MSCI Argentina & Global Exposure ETF A 1.5 59 -9 5.4 +2.5
IWS iShares Russell Mid-Cap Value ETF 1.4 24 26 7.3 +4.4
PWB Invesco Dynamic Large Cap Growth ETF 1.4 55 -5 3.4 +0.6
PY Principal Shareholder Yield Index ETF 1.4 29 21 9.6 +6.8
AVDE Avantis International Equity ETF 1.4 23 27 8.0 +5.1
USMV iShares Edge MSCI Min Vol USA ETF 1.3 15 35 5.5 +2.7
FVL First Trust Value Line 100 Exchange-Traded Fund 1.3 70 -20 5.2 +2.3
AUSF Global X Adaptive U.S. Factor ETF 1.3 27 23 8.0 +5.2
VO Vanguard Mid-Cap Index Fund 1.2 4 46 5.5 +2.6
GWX SPDR S&P International Small Cap ETF 1.2 40 10 6.8 +3.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.2 49 1 6.8 +3.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 1.2 15 35 4.2 +1.3
VFMO Vanguard U.S. Momentum Factor ETF 1.1 13 37 1.2 -1.7
VRAI Virtus Real Asset Income ETF 1.1 55 -5 11.2 +8.4
DEF Invesco Defensive Equity ETF 1.1 55 -5 5.1 +2.3
RPV Invesco S&P 500 Pure Value ETF 1.0 35 15 11.3 +8.4
IDEV iShares Core MSCI International Developed Markets ETF 1.0 5 45 7.3 +4.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.9 24 26 4.9 +2.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.9 15 35 5.0 +2.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.9 15 35 5.0 +2.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 11 7.5 +4.6
QINT American Century Quality Diversified International ETF 0.9 39 11 5.9 +3.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 4 46 7.2 +4.4
VEA Vanguard FTSE Developed Markets ETF 0.8 5 45 7.5 +4.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 0.8 20 30 7.7 +4.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 21 5.7 +2.8
IWR iShares Russell Midcap ETF 0.8 19 31 5.7 +2.8

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:
Sprott 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 5.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.50
 
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.