ProShares Russell 2000 Dividend Growers ETF
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.7x P/Sales
ratio
1.3x
P/BV
ratio
1.6x Div.
yield
4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SMDV tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted.

FUND BASICS
Category US Equities
Fund Sponsor ProShares
Website www.proshares.com
Inception date Feb 03, 2015
Assets (mns) $559
Currency USD
Expense ratio 41 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 73
Wgt avg mkt cap (mns) $1,787
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 41.9%
Small cap (<$2bn) 58.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANDERSONS INC/THE 1.7 %
BADGER METER INC 1.7 %
SENSIENT TECHNOLOGIES CORP 1.6 %
HEALTHCARE SERVICES GROUP 1.5 %
INSPERITY INC 1.5 %
HNI CORP 1.5 %
LITHIA MOTORS INC-CL A 1.5 %
CALAVO GROWERS INC 1.5 %
STANDEX INTERNATIONAL CORP 1.5 %
CASS INFORMATION SYSTEMS INC 1.5 %
Total 15.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.4% -18.7% 5.8% -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.76 71%
MSCI EAFE 0.81 67%
MSCI Emg. Mkts. 0.53 45%

Technical Indicators
Recent close $49.74
30d moving avg. $48.54
Annualized volatility 15.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 76
Turnover 0.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $923

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ProShares Russell 2000 Dividend Growers ETF ETF based on the alternatives' overlap in portfolio holdings with SMDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SMDV Expense: 41 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SMDV
Ticker Fund
Name
Overlap1
vs SMDV
(%)
Expense
ratio
(bp)
Savings
vs SMDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SMDV
(%)
KSCD KFA Small Cap Quality Dividend Index ETF 62.0 51 -10 5.6 -0.9
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 21.5 35 6 9.9 +3.4
TMDV ProShares Russell US Dividend Growers ETF 19.7 36 5 5.6 -1.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 16.8 38 3 8.3 +1.8
XSLV Invesco S&P SmallCap Low Volatility ETF 15.8 25 16 5.5 -1.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.7 35 6 5.8 -0.7
RNSC Small Cap US Equity Select ETF 12.9 60 -19 7.0 +0.4
DES WisdomTree U.S. SmallCap Dividend Fund 12.8 38 3 8.3 +1.8
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 12.3 30 11 9.0 +2.4
XSHQ Invesco S&P SmallCap Quality ETF 12.1 29 12 6.6 +0.1
FIW First Trust Water ETF 12.1 55 -14 3.6 -2.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 10.8 35 6 7.7 +1.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 10.8 41 0 6.1 -0.4
IFRA iShares U.S. Infrastructure ETF 10.7 40 1 5.5 -1.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.6 80 -39 5.7 -0.9
QABA First Trust NASDAQ ABA Community Bank Index Fund 9.9 60 -19 10.3 +3.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 9.6 15 26 8.7 +2.2
SDY SPDR S&P Dividend ETF 9.3 35 6 7.0 +0.5
TPSC Timothy Plan US Small Cap Core ETF 9.2 52 -11 7.9 +1.3
IJS iShares S&P Small-cap 600 Value ETF 9.2 25 16 8.8 +2.3
SLYV SPDR S&P 600 Small Cap Value ETF 9.1 15 26 8.7 +2.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 9.0 48 -7 6.2 -0.3
PHO Invesco Water Resources ETF 9.0 60 -19 3.4 -3.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 8.9 12 29 7.5 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 8.7 29 12 4.9 -1.6
VIOO Vanguard S&P Small-Cap 600 ETF 8.7 10 31 6.8 +0.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 8.6 35 6 7.8 +1.3
SPSM SPDR Portfolio Small Cap ETF 8.5 5 36 6.9 +0.4
SLY SPDR S&P 600 Small Cap ETF 8.5 15 26 6.8 +0.3
IJR iShares Core S&P Small Cap ETF 8.5 6 35 6.9 +0.4
IWN iShares Russell 2000 Value ETF 8.3 24 17 6.7 +0.2
PSCI Invesco S&P SmallCap Industrials ETF 8.1 29 12 6.3 -0.3
TBLU Tortoise Water Fund 8.0 40 1 4.4 -2.1
SLYG SPDR S&P 600 Small Cap Growth ETF 7.9 15 26 5.3 -1.3
IJT iShares S&P Small-Cap 600 Growth ETF 7.9 25 16 5.4 -1.2
PSCU Invesco S&P SmallCap Utilities ETF 7.7 29 12 2.9 -3.6
ISMD Inspire Small/Mid Cap Impact ETF 7.6 60 -19 4.8 -1.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 7.5 16 25 5.2 -1.3
FYT First Trust Small Cap Value AlphaDEX Fund 7.3 72 -31 9.4 +2.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.3 20 21 4.6 -1.9
TPYP Tortoise North American Pipeline Fund 7.0 40 1 6.4 -0.1
IWM iShares Russell 2000 ETF 6.8 19 22 3.3 -3.3
VTWO Vanguard Russell 2000 Index Fund 6.6 10 31 3.5 -3.0
PSCF Invesco S&P SmallCap Financials ETF 6.5 29 12 11.1 +4.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.4 20 21 4.7 -1.8
PEY Invesco High Yield Equity Dividend Achievers ETF 6.3 52 -11 9.6 +3.1
CGW Invesco S&P Global Water Index ETF 6.2 59 -18 3.9 -2.6
JKJ iShares Morningstar Small-Cap ETF 6.1 25 16 6.3 -0.3
SSLY Syntax Stratified SmallCap ETF 6.1 30 11 6.4 -0.2
OSCV Opus Small Cap Value Plus ETF 6.1 79 -38 5.4 -1.2
VTWV Vanguard Russell 2000 Value Index Fund 6.0 15 26 6.9 +0.3
PSCC Invesco S&P SmallCap Consumer Staples ETF 5.9 29 12 5.3 -1.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 5.8 30 11 7.4 +0.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 5.6 40 1 7.1 +0.6
PSCM Invesco S&P SmallCap Materials ETF 5.5 29 12 8.6 +2.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 5.4 29 12 0.2 -6.4
FVD First Trust Value Line Dividend Index Fund 5.4 70 -29 6.2 -0.4
IWO iShares Russell 2000 Growth ETF 5.4 24 17 -0.1 -6.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 5.3 39 2 6.8 +0.3
JKL iShares Morningstar Small Cap Value ETF 5.3 30 11 9.9 +3.3
FNK First Trust Mid Cap Value AlphaDEX Fund 5.2 70 -29 10.7 +4.1
XMLV Invesco S&P MidCap Low Volatility ETF 5.1 25 16 5.5 -1.1
PSC Principal U.S. Small Cap Index ETF 5.1 38 3 6.7 +0.2
FYX First Trust Small Cap Core AlphaDEX Fund 5.1 63 -22 6.0 -0.5
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 5.1 29 12 5.7 -0.8
OLD The Long-Term Care ETF 4.9 30 11 6.5 -0.0
SCHA Schwab U.S. Small-Cap ETF 4.8 4 37 4.6 -1.9
KBWR Invesco KBW Regional Banking ETF 4.7 35 6 11.1 +4.6
AVUV Avantis U.S. Small Cap Value ETF 4.6 25 16 7.9 +1.3
BKSE BNY Mellon US Small Cap Core Equity ETF 4.6 4 37 5.6 -1.0
CSML IQ Chaikin U.S. Small Cap ETF 4.6 35 6 3.8 -2.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 4.6 25 16 7.2 +0.7
VTWG Vanguard Russell 2000 Growth Index Fund 4.6 15 26 0.1 -6.5
AFSM First Trust Active Factor Small Cap ETF 4.6 75 -34 5.3 -1.2
TDV ProShares S&P Technology Dividend Aristocrats ETF 4.5 46 -5 4.8 -1.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 4.5 40 1 7.2 +0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 4.5 15 26 8.4 +1.8
IJJ iShares S&P Mid-Cap 400 Value ETF 4.5 25 16 8.2 +1.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 4.4 39 2 4.5 -2.1
NUSC Nuveen ESG Small-Cap ETF 4.3 40 1 4.7 -1.9
IUSS Invesco Strategic US Small Company ETF 4.3 23 18 5.1 -1.5
FSMD Fidelity Small-Mid Factor ETF 4.3 29 12 6.1 -0.4
RNMC Mid Cap US Equity Select ETF 4.1 60 -19 7.4 +0.9
UTES Virtus Reaves Utilities ETF 4.1 49 -8 4.4 -2.2
PYZ Invesco DWA Basic Materials Momentum ETF 4.1 60 -19 5.1 -1.4
VBR Vanguard Small Cap Value Index Fund 4.1 7 34 7.9 +1.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.1 17 24 4.7 -1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 4.0 15 26 8.2 +1.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.9 60 -19 7.8 +1.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.9 6 35 5.0 -1.5
EZM WisdomTree U.S. MidCap Earnings Fund 3.9 38 3 8.6 +2.1
EES WisdomTree SmallCap Earnings Fund 3.9 38 3 10.0 +3.5
VPU Vanguard Utilities Index Fund 3.8 10 31 5.5 -1.1
SMDY Syntax Stratified MidCap ETF 3.8 30 11 6.6 +0.1
FUTY Fidelity MSCI Utilities Index ETF 3.7 8 33 5.6 -0.9
VFLQ Vanguard U.S. Liquidity Factor ETF 3.6 14 27 4.1 -2.4
VFMV Vanguard U.S. Minimum Volatility ETF 3.6 13 28 4.3 -2.3
JHSC John Hancock Multifactor Small Cap ETF 3.5 42 -1 5.5 -1.1
ROGS Hartford Multifactor Global Small Cap ETF 3.5 34 7 8.0 +1.4
KRE SPDR S&P Regional Banking ETF 3.3 35 6 10.4 +3.9

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:
ProShares Russell 2000 Dividend Growers 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 10.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 41 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.51
 
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.