AAM S&P 500 High Dividend Value ETF
ALTAR
Score™
8.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.7x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AAM S&P 500 High Dividend Value ETF seeks to provide investment results that, before fees and expenses, track the total return performance of the S&P 500 Dividend and Free Cash Flow Yield Index.

FUND BASICS
Category US Equities
Fund Sponsor Advisors Asset Mgmt
Website www.aamlive.com
Inception date Nov 28, 2017
Assets (mns) $27
Currency USD
Expense ratio 29 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 54
Wgt avg mkt cap (mns) $53,660
Large cap (>$10bn) 83.9%
Mid cap ($2-10bn) 16.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CBS CORP-CLASS B NON VOTING 2.8 %
COMERICA INC 2.5 %
REGIONS FINANCIAL CORP 2.5 %
SIMON PROPERTY GROUP INC 2.4 %
BROADCOM INC. 2.3 %
NETAPP INC 2.3 %
INTERNATIONAL PAPER CO 2.2 %
CF INDUSTRIES HOLDINGS INC 2.2 %
UNUM GROUP 2.1 %
EASTMAN CHEMICAL COMPANY 2.1 %
Total 23.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.8 %
IRELAND 1.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.1% -6.1% -- -- 2.7%

Market Correlations
versus... Beta R-squared
S&P500 1.12 88%
MSCI EAFE 1.12 86%
MSCI Emg. Mkts. 0.90 72%

Technical Indicators
Recent close $25.79
30d moving avg. $25.03
Annualized volatility 22.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.6%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $19,247

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the AAM S&P 500 High Dividend Value ETF ETF based on the alternatives' overlap in portfolio holdings with SPDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPDV Expense: 29 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPDV
Ticker Fund
Name
Overlap1
vs SPDV
(%)
Expense
ratio
(bp)
Savings
vs SPDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPDV
(%)
SDOG ALPS Sector Dividend Dogs ETF 44.0 40 -11 8.8 +0.3
SPYD SPDR S&P 500 High Dividend ETF 43.0 7 22 9.2 +0.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 37.4 30 -1 8.2 -0.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 33.9 38 -9 7.6 -0.8
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 32.4 35 -6 7.7 -0.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 32.2 35 -6 7.7 -0.8
DVY iShares Select Dividend ETF 31.3 39 -10 8.1 -0.4
RNDV US Equity Dividend Select ETF 29.8 50 -21 7.4 -1.1
PEY Invesco High Yield Equity Dividend Achievers ETF 27.1 52 -23 8.2 -0.2
QDIV Global X S&P 500 Quality Dividend ETF 27.0 20 9 6.5 -2.0
SCHD Schwab U.S. Dividend Equity ETF 24.9 6 23 7.1 -1.3
COWZ Pacer US Cash Cows 100 ETF 24.3 49 -20 10.2 +1.8
GBDV Global Beta Smart Income ETF 23.7 29 0 8.3 -0.1
FDL First Trust Morningstar Dividend Leaders Index Fund 23.7 45 -16 9.3 +0.8
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 23.6 60 -31 6.5 -2.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 23.3 39 -10 8.8 +0.3
VYM Vanguard High Dividend Yield Index ETF 22.9 6 23 6.7 -1.8
DHS WisdomTree U.S. High Dividend Fund 22.2 38 -9 8.4 -0.1
FDRR Fidelity Dividend ETF for Rising Rates 22.1 29 0 6.0 -2.5
FUNL CornerCap Fundametrics Large-Cap ETF 21.6 50 -21 7.2 -1.3
ESGS Columbia Sustainable U.S. Equity Income ETF 21.0 35 -6 7.5 -1.0
RPV Invesco S&P 500 Pure Value ETF 21.0 35 -6 10.0 +1.5
GCOW Pacer Global High Dividend ETF 20.9 60 -31 9.9 +1.4
JKF iShares Morningstar Large Cap Value ETF 20.6 25 4 6.6 -1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 20.5 28 1 6.2 -2.3
LVHD Legg Mason Low Volatility High Dividend ETF 20.3 27 2 7.7 -0.8
VLUE iShares MSCI USA Value Factor ETF 20.0 15 14 9.7 +1.2
DTD WisdomTree U.S.Total Dividend Fund 19.5 28 1 6.3 -2.2
PY Principal Shareholder Yield Index ETF 19.4 15 14 7.8 -0.7
FDVV Fidelity Core Dividend ETF 19.1 29 0 6.1 -2.4
JDIV JPMorgan U.S. Dividend ETF 18.8 12 17 6.7 -1.7
NULV Nuveen ESG Large-Cap Value ETF 18.7 35 -6 6.1 -2.4
FTA First Trust Large Cap Value AlphaDEX Fund 18.4 60 -31 7.4 -1.1
TPHD Timothy Plan High Dividend Stock ETF 18.3 52 -23 5.6 -2.9
VOOV Vanguard S&P 500 Value ETF 18.3 10 19 6.6 -1.9
JKI iShares Morningstar Mid-Cap Value ETF 17.9 30 -1 7.7 -0.8
GBLO Global Beta Low Beta ETF 17.9 29 0 7.3 -1.2
DEW WisdomTree Global High Dividend Fund 17.7 58 -29 8.8 +0.3
WBIY WBI Power Factor High Dividend ETF 17.5 70 -41 8.5 0.0
MGV Vanguard Mega Cap Value ETF 17.4 7 22 6.5 -2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 17.3 25 4 5.6 -2.9
VALQ American Century STOXX U.S. Quality Value ETF 17.3 29 0 7.8 -0.6
VTV Vanguard Value Index Fund 17.1 4 25 6.6 -1.9
ONEY SPDR Russell 1000 Yield Focus ETF 17.1 20 9 7.2 -1.3
WLDR Affinity World Leaders Equity ETF 16.9 47 -18 8.0 -0.5
RWL Invesco S&P 500 Revenue ETF 16.6 39 -10 6.2 -2.2
FVAL Fidelity Value Factor ETF 16.5 29 0 6.8 -1.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 16.2 75 -46 5.3 -3.1
PFM Invesco Dividend Achievers ETF 16.2 53 -24 5.0 -3.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 16.1 37 -8 5.3 -3.2
DIVB iShares U.S. Dividend & Buyback ETF 16.1 25 4 5.9 -2.6
QSY WisdomTree U.S. LargeCap Value Fund 15.9 38 -9 6.8 -1.7
KVLE KFA Value Liner Dynamic Core Equity Index ETF 15.9 56 -27 5.7 -2.8
SPYV SPDR Portfolio S&P 500 Value ETF 15.8 4 25 6.4 -2.1
IVE iShares S&P 500 Value ETF 15.8 18 11 6.3 -2.2
AUSF Global X Adaptive U.S. Factor ETF 15.7 27 2 8.0 -0.4
SIXA 6 Meridian Mega Cap Equity ETF 15.7 82 -53 5.8 -2.6
FLQL Franklin LibertyQ U.S. Equity ETF 15.7 15 14 5.9 -2.5
HDV iShares Core High Dividend ETF 15.6 8 21 6.4 -2.1
REVS Columbia Research Enhanced Value ETF 15.4 19 10 6.7 -1.8
STLV iShares Factors US Value Style ETF 15.3 25 4 6.5 -2.0
PWV Invesco Dynamic Large Cap Value ETF 15.2 56 -27 6.9 -1.6
IWX iShares Russell Top 200 Value ETF 14.8 20 9 6.1 -2.4
IUSV iShares Core S&P U.S. Value ETF 14.7 4 25 6.4 -2.0
PRF Invesco FTSE RAFI US 1000 ETF 14.6 39 -10 5.8 -2.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 14.5 25 4 5.8 -2.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 14.4 29 0 8.2 -0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 14.3 37 -8 5.5 -3.0
SPVM Invesco S&P 500 Value with Momentum ETF 14.1 39 -10 7.7 -0.8
QDF FlexShares Quality Dividend Index Fund 14.1 37 -8 5.5 -3.0
VFVA Vanguard U.S. Value Factor ETF 14.1 14 15 8.4 -0.1
VONV Vanguard Russell 1000 Value Index Fund 13.8 8 21 6.1 -2.3
SCHV Schwab U.S. Large-Cap Value ETF 13.7 4 25 6.1 -2.4
ROUS Hartford Multifactor US Equity ETF 13.7 19 10 5.9 -2.6
YLDE ClearBridge Dividend Strategy ESG ETF 13.6 60 -31 4.5 -4.0
FQAL Fidelity Quality Factor ETF 13.6 29 0 5.0 -3.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 13.4 15 14 5.8 -2.7
RAFE PIMCO RAFI ESG U.S. ETF 13.3 30 -1 6.7 -1.8
SPVU Invesco S&P 500 Enhanced Value ETF 13.3 13 16 9.5 +1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 13.3 52 -23 4.9 -3.6
NACP Impact Shares NAACP Minority Empowerment ETF 13.2 49 -20 4.7 -3.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 13.2 30 -1 5.0 -3.4
JVAL JPMorgan U.S. Value Factor ETF 13.2 12 17 7.1 -1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 13.2 25 4 5.7 -2.8
DGRO iShares Core Dividend Growth ETF 13.2 8 21 6.0 -2.5
IWD iShares Russell 1000 Value ETF 13.1 19 10 6.0 -2.4
IUS Invesco Strategic US ETF 12.9 19 10 5.5 -3.0
AFLG First Trust Active Factor Large Cap ETF 12.8 55 -26 4.7 -3.8
EPS WisdomTree U.S. Earnings 500 Fund 12.7 8 21 5.9 -2.6
VLU SPDR S&P 1500 Value Tilt ETF 12.7 12 17 6.1 -2.3
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 12.6 75 -46 5.3 -3.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 12.6 35 -6 5.7 -2.8
SDY SPDR S&P Dividend ETF 12.5 35 -6 6.4 -2.1
MAGA Point Bridge GOP Stock Tracker ETF 12.5 72 -43 5.3 -3.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 12.4 25 4 5.9 -2.6
VOE Vanguard Mid-Cap Value Index Fund 12.4 7 22 6.6 -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:
AAM S&P 500 High Dividend Value 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 15.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 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.