Legg Mason Small-Cap Quality Value
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
318.2x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Legg Mason Small-Cap Quality Value ETF tracks an index of multi-factor selected, fundamentally weighted US small-cap stocks.

FUND BASICS
Category US Equities
Fund Sponsor Legg Mason
Website www.leggmason.com
Inception date Jul 12, 2017
Assets (mns) $12
Currency USD
Expense ratio 62 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 245
Wgt avg mkt cap (mns) $1,177
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 18.0%
Small cap (<$2bn) 80.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BRIGHTHOUSE FINANCIAL, INC. 1.0 %
HELMERICH & PAYNE 0.9 %
WARRIOR MET COAL, INC. 0.8 %
CNO FINANCIAL GROUP INC 0.8 %
G-III APPAREL GROUP LTD 0.8 %
KRATON PERFORMANCE POLYMERS 0.8 %
NCR CORPORATION 0.7 %
MR. COOPER GROUP, INC. 0.7 %
HERMAN MILLER INC 0.7 %
EVERCORE PARTNERS INC-CL A 0.7 %
Total 7.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.9% -11.0% -- -- -1.1%

Market Correlations
versus... Beta R-squared
S&P500 1.29 79%
MSCI EAFE 1.35 72%
MSCI Emg. Mkts. 1.04 65%

Technical Indicators
Recent close $27.48
30d moving avg. $24.97
Annualized volatility 25.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.9%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $2,099

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Legg Mason Small-Cap Quality Value ETF based on the alternatives' overlap in portfolio holdings with SQLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SQLV Expense: 62 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SQLV
Ticker Fund
Name
Overlap1
vs SQLV
(%)
Expense
ratio
(bp)
Savings
vs SQLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SQLV
(%)
ROGS Hartford Multifactor Global Small Cap ETF 29.4 34 28 7.4 +1.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 23.5 35 27 6.9 +1.3
CALF Pacer US Small Cap Cash Cows 100 ETF 22.1 59 3 8.1 +2.5
AFSM First Trust Active Factor Small Cap ETF 22.1 75 -13 5.2 -0.5
TPSC Timothy Plan US Small Cap Core ETF 22.0 52 10 6.6 +0.9
EES WisdomTree SmallCap Earnings Fund 21.1 38 24 9.0 +3.4
AVUV Avantis U.S. Small Cap Value ETF 20.9 25 37 7.0 +1.3
FYT First Trust Small Cap Value AlphaDEX Fund 20.3 72 -10 9.4 +3.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 19.7 30 32 6.9 +1.3
CSML IQ Chaikin U.S. Small Cap ETF 19.6 35 27 3.5 -2.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 19.1 35 27 7.1 +1.5
SSLY Syntax Stratified SmallCap ETF 19.0 30 32 5.7 +0.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 18.9 40 22 6.2 +0.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 18.4 15 47 7.6 +2.0
IJS iShares S&P Small-cap 600 Value ETF 18.4 25 37 7.7 +2.1
SLYV SPDR S&P 600 Small Cap Value ETF 18.4 15 47 7.8 +2.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 18.3 29 33 4.5 -1.1
FYX First Trust Small Cap Core AlphaDEX Fund 18.2 63 -1 6.5 +0.9
DEEP Roundhill Acquirers Deep Value ETF 18.0 80 -18 8.5 +2.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.7 24 38 5.9 +0.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 16.7 35 27 5.4 -0.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 16.7 39 23 4.8 -0.9
SPSM SPDR Portfolio Small Cap ETF 16.6 5 57 6.4 +0.8
SLY SPDR S&P 600 Small Cap ETF 16.6 15 47 6.3 +0.7
IJR iShares Core S&P Small Cap ETF 16.5 6 56 6.4 +0.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 16.5 20 42 4.3 -1.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 16.3 39 23 5.8 +0.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 16.3 29 33 5.5 -0.1
VIOO Vanguard S&P Small-Cap 600 ETF 16.0 10 52 6.1 +0.5
BUY USCF SummerHaven SHPEI Index Fund 15.9 80 -18 8.9 +3.3
STSB iShares Factors US Small Blend Style ETF 15.8 35 27 3.0 -2.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 15.8 29 33 -0.4 -6.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 15.0 39 23 8.1 +2.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 14.6 35 27 7.1 +1.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 14.6 16 46 4.8 -0.8
DES WisdomTree U.S. SmallCap Dividend Fund 14.4 38 24 7.6 +1.9
PSC Principal U.S. Small Cap Index ETF 14.3 38 24 5.4 -0.3
ISMD Inspire Small/Mid Cap Impact ETF 13.6 60 2 4.3 -1.4
RNSC Small Cap US Equity Select ETF 13.4 60 2 6.9 +1.3
SLYG SPDR S&P 600 Small Cap Growth ETF 13.1 15 47 5.0 -0.7
IJT iShares S&P Small-Cap 600 Growth ETF 13.1 25 37 4.9 -0.8
IWN iShares Russell 2000 Value ETF 12.3 24 38 5.8 +0.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 12.0 38 24 7.7 +2.0
FYC First Trust Small Cap Growth AlphaDEX Fund 11.8 70 -8 2.1 -3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 11.7 39 23 4.1 -1.5
XSHQ Invesco S&P SmallCap Quality ETF 11.3 29 33 6.1 +0.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 11.2 25 37 6.3 +0.7
IWC iShares Micro-Cap ETF 11.2 60 2 -3.7 -9.4
FSMD Fidelity Small-Mid Factor ETF 10.9 29 33 5.8 +0.1
VUSE Vident Core US Equity Fund 10.7 48 14 8.1 +2.4
VFMF Vanguard U.S. Multifactor ETF 10.6 19 43 6.6 +1.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 10.5 35 27 8.6 +3.0
PSCH Invesco S&P SmallCap Health Care ETF 10.3 29 33 3.1 -2.5
IUSS Invesco Strategic US Small Company ETF 10.2 23 39 4.5 -1.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 10.1 12 50 6.7 +1.0
PXSG Invesco S&P SmallCap Momentum ETF 10.1 39 23 4.2 -1.5
VTWV Vanguard Russell 2000 Value Index Fund 9.9 15 47 5.9 +0.3
IWM iShares Russell 2000 ETF 9.7 19 43 3.0 -2.7
VTWO Vanguard Russell 2000 Index Fund 9.5 10 52 3.0 -2.6
VFQY Vanguard U.S. Quality Factor ETF 9.4 13 49 5.9 +0.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 9.4 20 42 4.4 -1.2
BFOR Barron's 400 ETF 9.2 65 -3 6.1 +0.5
XSLV Invesco S&P SmallCap Low Volatility ETF 9.1 25 37 5.1 -0.5
JSML Janus Henderson Small Cap Growth Alpha ETF 8.7 30 32 7.0 +1.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 8.7 35 27 5.2 -0.5
PSCI Invesco S&P SmallCap Industrials ETF 8.4 29 33 5.7 +0.1
PSCF Invesco S&P SmallCap Financials ETF 8.0 29 33 9.7 +4.1
FDM First Trust Dow Jones Select Microcap Index Fund 7.8 60 2 2.5 -3.1
VAMO Cambria Value & Momentum ETF 7.7 63 -1 5.9 +0.3
SCHA Schwab U.S. Small-Cap ETF 7.7 4 58 4.2 -1.5
VFVA Vanguard U.S. Value Factor ETF 7.6 14 48 9.6 +4.0
PSCT Invesco S&P SmallCap Information Technology ETF 7.5 29 33 5.0 -0.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.4 60 2 6.7 +1.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 7.2 48 14 5.9 +0.2
NUSC Nuveen ESG Small-Cap ETF 7.2 40 22 4.3 -1.3
IWO iShares Russell 2000 Growth ETF 7.1 24 38 -0.1 -5.7
SMDY Syntax Stratified MidCap ETF 6.9 30 32 5.9 +0.3
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 6.6 125 -63 -2.5 -8.1
JKL iShares Morningstar Small Cap Value ETF 6.4 30 32 8.5 +2.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.4 17 45 4.3 -1.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 6.4 40 22 6.3 +0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 6.3 20 42 7.9 +2.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 6.1 6 56 4.5 -1.1
VTWG Vanguard Russell 2000 Growth Index Fund 6.1 15 47 -0.0 -5.7
QABA First Trust NASDAQ ABA Community Bank Index Fund 6.0 60 2 8.6 +3.0
PWC Invesco Dynamic Market ETF 5.9 58 4 5.6 -0.0
AFMC First Trust Active Factor Mid Cap ETF 5.8 65 -3 5.8 +0.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.8 30 32 8.0 +2.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 5.7 29 33 7.4 +1.7
FAB First Trust Multi Cap Value AlphaDEX Fund 5.6 71 -9 8.4 +2.7
PXMV Invesco S&P MidCap Value with Momentum ETF 5.6 39 23 8.4 +2.8
VBR Vanguard Small Cap Value Index Fund 5.5 7 55 7.2 +1.6
KBE SPDR S&P Bank ETF 5.3 35 27 9.2 +3.5
RFV Invesco S&P Midcap 400 Pure Value ETF 5.3 35 27 8.0 +2.4
EQWM Invesco S&P MidCap Quality ETF 5.3 25 37 6.0 +0.3
EZM WisdomTree U.S. MidCap Earnings Fund 5.2 38 24 7.7 +2.1
MDYV SPDR S&P 400 Mid Cap Value ETF 5.2 15 47 7.4 +1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 5.2 25 37 7.3 +1.6
JKJ iShares Morningstar Small-Cap ETF 5.1 25 37 5.7 +0.1
FXO First Trust Financials AlphaDEX Fund 5.0 63 -1 10.5 +4.9

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:
Legg Mason Small-Cap Quality Value
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.