ProShares S&P Technology Dividend Aristocrats ETF
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.0x P/Sales
ratio
3.2x
P/BV
ratio
4.9x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
TDV tracks an equal-weighted index of Technology stocks that have increased dividend payments annually for at least 7 years.

FUND BASICS
Category US Equities
Fund Sponsor ProShares
Website www.proshares.com
Inception date Nov 05, 2019
Assets (mns) $53
Currency USD
Expense ratio 45 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 37
Wgt avg mkt cap (mns) $164,662
Large cap (>$10bn) 81.3%
Mid cap ($2-10bn) 11.2%
Small cap (<$2bn) 7.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NVIDIA CORP 3.5 %
MICROCHIP TECHNOLOGY INC 3.2 %
APPLE INC 3.2 %
POWER INTEGRATIONS INC 3.1 %
KLA-TENCOR CORPORATION 3.0 %
CORNING INC 3.0 %
MKS INSTRUMENTS INC 3.0 %
ACCENTURE PLC-CL A 2.9 %
QUALCOMM INC 2.9 %
BROADCOM INC. 2.9 %
Total 30.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.1 %
IRELAND 2.9 %
SWITZERLAND 2.7 %








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.
1.6% -- -- -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $42.22
30d moving avg. $41.47
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $46,537

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ProShares S&P Technology Dividend Aristocrats ETF ETF based on the alternatives' overlap in portfolio holdings with TDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TDV Expense: 45 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TDV
Ticker Fund
Name
Overlap1
vs TDV
(%)
Expense
ratio
(bp)
Savings
vs TDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs TDV
(%)
RYT Invesco S&P 500 Equal Weight Technology ETF 41.1 40 5 6.7 +2.0
JHMT John Hancock Multifactor Technology ETF 34.5 40 5 4.8 +0.1
XLK Technology Select Sector SPDR Fund 33.7 13 32 4.6 -0.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 31.9 57 -12 4.8 +0.0
FTEC Fidelity MSCI Information Technology Index ETF 31.2 8 37 4.5 -0.3
VGT Vanguard Information Technology Index Fund 31.0 10 35 4.4 -0.3
IXN iShares Global Tech ETF 29.4 46 -1 4.4 -0.3
XNTK SPDR NYSE Technology ETF 29.4 35 10 3.5 -1.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 29.1 50 -5 5.8 +1.0
IGM iShares Expanded Tech Sector ETF 28.7 46 -1 3.7 -1.1
FTXL First Trust Nasdaq Semiconductor ETF 27.0 60 -15 4.8 +0.1
SOXX iShares PHLX Semiconductor ETF 26.6 46 -1 5.2 +0.4
XSD SPDR S&P Semiconductor ETF 26.3 35 10 3.9 -0.9
KOIN Innovation Shares NextGen Protocol ETF 26.2 95 -50 4.3 -0.5
TECB iShares US Tech Breakthrough Multisector ETF 26.1 40 5 3.9 -0.9
RDVY First Trust Rising Dividend Achievers ETF 25.6 50 -5 8.1 +3.4
SMH VanEck Vectors Semiconductor ETF 24.4 35 10 5.3 +0.6
IYW iShares U.S. Technology ETF 23.8 42 3 3.9 -0.9
VEGN US Vegan Climate ETF 23.5 60 -15 5.2 +0.4
IETC iShares Evolved U.S. Technology ETF 23.5 18 27 3.7 -1.1
SPHQ Invesco S&P 500 Quality ETF 23.5 15 30 4.6 -0.1
DRIV Global X Autonomous & Electric Vehicles ETF 22.4 68 -23 5.4 +0.7
QDF FlexShares Quality Dividend Index Fund 21.2 37 8 6.2 +1.5
ACIO Aptus Collared Income Opportunity ETF 20.7 79 -34 4.4 -0.4
XTH SPDR S&P Technology Hardware ETF 20.7 0 45 0.0 -4.7
FLLV Franklin Liberty U.S. Low Volatility ETF 20.6 29 16 5.9 +1.1
JQUA JPMorgan U.S. Quality Factor ETF 20.2 12 33 5.3 +0.5
PSI Invesco Dynamic Semiconductors ETF 20.1 58 -13 4.6 -0.1
RNDV US Equity Dividend Select ETF 20.1 50 -5 7.9 +3.2
QTUM Defiance Quantum ETF 20.0 40 5 5.6 +0.9
QUAL iShares MSCI Usa Quality Factor ETF 20.0 15 30 5.4 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 19.6 15 30 5.9 +1.2
GDAT Goldman Sachs Motif Data-Driven World Etf 19.4 50 -5 4.8 +0.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 18.8 37 8 6.3 +1.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.3 52 -7 5.0 +0.3
PWB Invesco Dynamic Large Cap Growth ETF 18.1 55 -10 3.3 -1.4
AIQ Global X Future Analytics Tech ETF 18.1 68 -23 3.7 -1.0
IWY iShares Russell Top 200 Growth ETF 17.9 20 25 4.0 -0.7
ADME Aptus Drawdown Managed Equity ETF 17.9 81 -36 3.5 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 17.9 25 20 6.7 +2.0
EQRR ProShares Equities for Rising Rates ETF 17.8 35 10 6.5 +1.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 17.7 43 2 4.4 -0.4
SPMO Invesco S&P 500 Momentum ETF 17.7 13 32 4.3 -0.4
QYLD Global X NASDAQ 100 Covered Call ETF 17.6 60 -15 3.5 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 17.6 8 37 4.2 -0.6
QLC FlexShares US Quality Large Cap Index Fund 17.6 32 13 5.4 +0.7
JKE iShares Morningstar Large-Cap Growth ETF 17.6 25 20 2.8 -2.0
NUSI Nationwide Risk-Managed Income ETF 17.6 68 -23 3.4 -1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 17.5 37 8 5.9 +1.2
IQSU IQ Candriam ESG US Equity ETF 17.3 9 36 5.0 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 17.2 29 16 7.1 +2.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.2 12 33 4.8 +0.0
STLG iShares Factors US Growth Style ETF 17.2 25 20 3.6 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.1 15 30 6.2 +1.5
MGK Vanguard Mega Cap Growth ETF 17.1 7 38 4.0 -0.7
BUL Pacer US Cash Cows Growth ETF 17.1 60 -15 6.2 +1.5
CCOR Core Alternative ETF 17.0 123 -78 4.4 -0.3
FQAL Fidelity Quality Factor ETF 17.0 29 16 5.5 +0.8
IWF iShares Russell 1000 Growth ETF 16.9 19 26 4.1 -0.7
FIVG Defiance Next Gen Connectivity ETF 16.9 30 15 4.8 +0.0
QQQ Invesco QQQ Trust 16.9 20 25 3.7 -1.0
DSTL Distillate US Fundamental Stability & Value ETF 16.8 39 6 6.6 +1.8
VOOG Vanguard S&P 500 Growth ETF 16.6 10 35 4.2 -0.5
IVW iShares S&P 500 Growth ETF 16.5 18 27 4.1 -0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 16.5 4 41 4.3 -0.5
XLG Invesco S&P 500 Top 50 ETF 16.5 20 25 4.4 -0.3
SUSA iShares MSCI USA ESG Select ETF 16.5 25 20 4.8 +0.1
BLCN Reality Shares Nasdaq NextGen Economy ETF 16.3 68 -23 3.9 -0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.3 60 -15 4.3 -0.4
JVAL JPMorgan U.S. Value Factor ETF 16.3 12 33 9.0 +4.3
SPXV ProShares S&P 500 Ex-Health Care ETF 16.3 27 18 5.0 +0.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 16.2 59 -14 4.1 -0.6
VUG Vanguard Growth Index Fund 16.2 4 41 4.0 -0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 16.2 35 10 4.3 -0.4
LEGR First Trust Index Digital Transaction & Process Technology E 16.2 65 -20 7.1 +2.4
DGRO iShares Core Dividend Growth ETF 16.2 8 37 6.8 +2.0
RNLC Large Cap US Equity Select ETF 16.1 60 -15 6.3 +1.6
SPXN ProShares S&P 500 Ex-Financials ETF 16.0 27 18 5.0 +0.2
IUSG iShares Core S&P US Growth ETF 16.0 4 41 4.3 -0.5
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 15.8 59 -14 3.6 -1.2
ESG FlexShares STOXX US ESG Impact Index Fund 15.6 32 13 5.1 +0.3
VIG Vanguard Dividend Appreciation Index Fund 15.6 6 39 5.4 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 15.5 28 17 6.5 +1.8
IDRV iShares Self-driving EV & Tech ETF 15.4 47 -2 7.0 +2.2
DSI iShares MSCI KLD 400 Social ETF 15.4 25 20 5.1 +0.4
OEF iShares S&P 100 ETF 15.3 20 25 4.8 +0.0
JMOM JPMorgan U.S. Momentum Factor ETF 15.3 12 33 3.8 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 15.2 0 45 5.2 +0.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.2 28 17 6.5 +1.8
FLQL Franklin LibertyQ U.S. Equity ETF 15.2 15 30 6.3 +1.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 15.2 49 -4 5.2 +0.4
FDVV Fidelity Core Dividend ETF 15.2 29 16 7.3 +2.6
DEF Invesco Defensive Equity ETF 15.1 55 -10 5.1 +0.4
MGC Vanguard Mega Cap Index Fund 15.1 7 38 5.2 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 15.0 27 18 5.3 +0.6
PBP Invesco S&P 500 BuyWrite ETF 15.0 49 -4 5.0 +0.3
IWL iShares Russell Top 200 ETF 15.0 15 30 5.0 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.0 20 25 5.4 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 14.8 29 16 5.2 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 14.8 20 25 4.9 +0.2

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 S&P Technology Dividend Aristocrats 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 23.5 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.