Cambria Shareholder Yield ETF
ALTAR
Score™
10.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
20.1x P/Sales
ratio
0.5x
P/BV
ratio
1.1x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Cambria Shareholder Yield ETF is an actively managed exchange-traded fund incorporated in the USA. The Fund employs a quantitative algorithm to select U.S. listed companies that show strong characteristics in returning free cash flow to their shareholders.

FUND BASICS
Category US Equities
Fund Sponsor Cambria Investment Management
Website www.cambriafunds.com
Inception date May 14, 2013
Assets (mns) $65
Currency USD
Expense ratio 59 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Statutory Trust
Custodian
Weighting Proprietary
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $48,444
Large cap (>$10bn) 39.1%
Mid cap ($2-10bn) 41.3%
Small cap (<$2bn) 19.6%
Developed mkts 99.0%
Emerging mkts 1.0%

TOP TEN HOLDINGS
STAMPS.COM INC 3.2 %
MURPHY OIL CORP 1.9 %
HALLIBURTON CO 1.8 %
APPLE INC 1.7 %
RENT-A-CENTER INC 1.7 %
MARRIOTT VACATIONS WORLD 1.6 %
QORVO INC 1.6 %
TOLL BROTHERS INC 1.6 %
CIRRUS LOGIC INC 1.6 %
WERNER ENTERPRISES INC 1.6 %
Total 18.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.8 %
BRITAIN 3.6 %
IRELAND 2.5 %
BERMUDA 1.4 %
PANAMA 1.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.3% -4.0% 2.8% -- 6.4%

Market Correlations
versus... Beta R-squared
S&P500 1.41 88%
MSCI EAFE 1.49 85%
MSCI Emg. Mkts. 1.12 73%

Technical Indicators
Recent close $31.49
30d moving avg. $28.83
Annualized volatility 25.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.4%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.7%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $33,234

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SYLD Expense: 59 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SYLD
Ticker Fund
Name
Overlap1
vs SYLD
(%)
Expense
ratio
(bp)
Savings
vs SYLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs SYLD
(%)
SPYB SPDR S&P 500 Buyback ETF 25.8 35 24 9.8 -0.3
ONEY SPDR Russell 1000 Yield Focus ETF 21.3 20 39 8.8 -1.2
QSY WisdomTree U.S. LargeCap Value Fund 20.5 38 21 7.0 -3.0
SPVM Invesco S&P 500 Value with Momentum ETF 20.5 39 20 9.8 -0.2
PY Principal Shareholder Yield Index ETF 20.5 29 30 9.7 -0.3
VALQ American Century STOXX U.S. Quality Value ETF 20.4 29 30 9.2 -0.8
RPV Invesco S&P 500 Pure Value ETF 20.1 35 24 11.9 +1.9
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 20.1 49 10 10.7 +0.7
SPHB Invesco S&P 500 High Beta ETF 20.1 25 34 10.9 +0.9
FTA First Trust Large Cap Value AlphaDEX Fund 19.1 60 -1 9.8 -0.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 18.4 75 -16 7.5 -2.5
COWZ Pacer US Cash Cows 100 ETF 18.2 49 10 10.3 +0.3
SLT Salt TruBeta High Exposure ETF 17.9 29 30 7.4 -2.6
SPVU Invesco S&P 500 Enhanced Value ETF 17.8 13 46 11.4 +1.4
USDY Pacific Global US Equity Income ETF 17.6 29 30 8.1 -1.9
FVAL Fidelity Value Factor ETF 17.2 29 30 8.4 -1.6
PKW Invesco Buyback Achievers ETF 16.9 62 -3 7.1 -2.9
VLUE iShares Edge MSCI USA Value Factor ETF 16.7 15 44 11.4 +1.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 16.7 35 24 8.7 -1.3
ESGS Columbia Sustainable U.S. Equity Income ETF 16.6 35 24 9.1 -0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 16.2 71 -12 10.3 +0.3
STLV iShares Factors US Value Style ETF 16.1 25 34 8.4 -1.6
VLU SPDR S&P 1500 Value Tilt ETF 16.1 12 47 7.7 -2.3
JVAL JPMorgan U.S. Value Factor ETF 15.9 12 47 9.1 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 15.5 25 34 6.7 -3.4
JDIV JPMorgan U.S. Dividend ETF 15.4 12 47 8.3 -1.7
JKF iShares Morningstar Large Cap Value ETF 15.4 25 34 7.8 -2.3
VFVA Vanguard U.S. Value Factor ETF 15.4 13 46 12.1 +2.0
RWL Invesco S&P 500 Revenue ETF 15.4 39 20 7.1 -3.0
PWV Invesco Dynamic Large Cap Value ETF 15.3 55 4 8.4 -1.6
LRGF iShares Edge MSCI Multifactor USA ETF 15.3 20 39 7.1 -2.9
JKI iShares Morningstar Mid-Cap Value ETF 15.1 30 29 10.0 +0.0
QDIV Global X S&P 500 Quality Dividend ETF 15.0 20 39 8.4 -1.7
CVY Invesco Zacks Multi-Asset Income ETF 14.9 97 -38 13.5 +3.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 14.8 25 34 6.8 -3.3
VUSE Vident Core US Equity Fund 14.6 48 11 8.1 -1.9
FNK First Trust Mid Cap Value AlphaDEX Fund 14.4 70 -11 11.7 +1.7
PRF Invesco FTSE RAFI US 1000 ETF 14.3 39 20 7.0 -3.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 14.3 25 34 6.8 -3.3
QDF FlexShares Quality Dividend Index Fund 14.2 37 22 7.0 -3.1
REVS Columbia Research Enhanced Value ETF 14.2 19 40 7.7 -2.3
MAGA Point Bridge GOP Stock Tracker ETF 14.2 72 -13 6.7 -3.3
EQWL Invesco Russell Top 200 Equal Weight ETF 14.1 25 34 6.2 -3.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 14.0 64 -5 10.0 -0.0
FCPI Fidelity Stocks for Inflation ETF 13.9 29 30 7.0 -3.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 13.9 37 22 6.9 -3.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 13.7 20 39 7.9 -2.1
ROUS Hartford Multifactor US Equity ETF 13.6 19 40 7.4 -2.7
XRT SPDR S&P Retail ETF 13.6 35 24 7.2 -2.8
QLC FlexShares US Quality Large Cap Index Fund 13.5 32 27 5.6 -4.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 13.5 19 40 5.8 -4.3
SPDV AAM S&P 500 High Dividend Value ETF 13.4 29 30 10.9 +0.9
PMOM Principal Sustainable Momentum Index ETF 13.4 29 30 10.7 +0.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 13.4 35 24 8.8 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 13.3 29 30 7.9 -2.1
QVAL Alpha Architect U.S. Quantitative Value ETF 13.3 49 10 12.0 +2.0
EPS WisdomTree U.S. Earnings 500 Fund 13.3 8 51 6.6 -3.4
IUS Invesco Strategic US ETF 13.1 19 40 6.4 -3.7
WBIY WBI Power Factor High Dividend ETF 13.0 70 -11 14.6 +4.6
AFLG First Trust Active Factor Large Cap ETF 12.8 55 4 6.0 -4.1
VFMF Vanguard U.S. Multifactor ETF 12.6 18 41 7.4 -2.6
DGRO iShares Core Dividend Growth ETF 12.2 8 51 6.6 -3.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.2 15 44 6.5 -3.6
DVY iShares Select Dividend ETF 12.2 39 20 8.3 -1.7
SPGP Invesco S&P 500 GARP ETF 12.1 35 24 7.5 -2.5
IWD iShares Russell 1000 Value ETF 12.1 19 40 7.3 -2.8
VONV Vanguard Russell 1000 Value Index Fund 12.1 8 51 7.4 -2.7
ONEO SPDR Russell 1000 Momentum Focus ETF 12.0 20 39 6.8 -3.2
IWX iShares Russell Top 200 Value ETF 12.0 20 39 7.1 -2.9
RNDV US Equity Dividend Select ETF 11.9 50 9 8.2 -1.8
AUSF Global X Adaptive U.S. Factor ETF 11.9 27 32 8.6 -1.5
FEX First Trust Large Cap Core AlphaDEX Fund 11.9 60 -1 6.4 -3.6
FDRR Fidelity Dividend ETF for Rising Rates 11.7 29 30 7.1 -2.9
FDVV Fidelity Core Dividend ETF 11.6 29 30 7.6 -2.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 11.6 30 29 6.9 -3.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 11.6 38 21 8.1 -1.9
TUSA First Trust Total US Market AlphaDEX ETF 11.6 70 -11 6.5 -3.5
RYF Invesco S&P 500 Equal Weight Financials ETF 11.5 40 19 10.1 +0.1
PVAL Principal Contrarian Value Index ETF 11.4 29 30 7.8 -2.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 11.4 65 -6 5.7 -4.3
CLRG IQ Chaikin U.S. Large Cap ETF 11.3 25 34 6.3 -3.7
EQRR ProShares Equities for Rising Rates ETF 11.3 35 24 6.3 -3.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 11.3 17 42 7.1 -3.0
VAMO Cambria Value & Momentum ETF 11.2 64 -5 7.9 -2.1
SPYD SPDR S&P 500 High Dividend ETF 11.2 7 52 10.5 +0.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.1 19 40 6.4 -3.6
KRMA Global X Conscious Companies ETF 11.1 43 16 5.4 -4.6
RDVY First Trust Rising Dividend Achievers ETF 11.1 50 9 8.1 -1.9
JHMF John Hancock Multifactor Financials ETF 11.0 40 19 7.9 -2.1
VTV Vanguard Value Index Fund 11.0 4 55 7.4 -2.6
SPYV SPDR Portfolio S&P 500 Value ETF 10.9 4 55 7.5 -2.5
IVE iShares S&P 500 Value ETF 10.9 18 41 7.3 -2.7
DTD WisdomTree U.S.Total Dividend Fund 10.9 28 31 6.7 -3.3
AVUS Avantis U.S. Equity ETF 10.9 15 44 6.0 -4.0
ACWF iShares FactorSelect MSCI Global ETF 10.9 35 24 8.3 -1.7
VOOV Vanguard S&P 500 Value ETF 10.9 15 44 7.4 -2.6
RSP Invesco S&P 500 Equal Weight ETF 10.8 20 39 7.2 -2.9
DLN WisdomTree U.S. LargeCap Dividend Fund 10.7 28 31 6.5 -3.6
IUSV iShares Core S&P U.S. Value ETF 10.7 4 55 7.6 -2.5

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:
Cambria Shareholder Yield 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 11.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.52
 
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.