ProShares Russell US Dividend Growers ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
1.6x
P/BV
ratio
2.5x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
TMDV tracks an equal-weighted index of Russell 3000 constituents that have increased dividend payments annually for at least 35 years.

FUND BASICS
Category US Equities
Fund Sponsor ProShares
Website www.proshares.com
Inception date Nov 05, 2019
Assets (mns) $25
Currency USD
Expense ratio 36 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 69
Wgt avg mkt cap (mns) $55,373
Large cap (>$10bn) 60.2%
Mid cap ($2-10bn) 29.8%
Small cap (<$2bn) 10.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EATON VANCE CORP 2.1 %
MSA SAFETY INC 1.6 %
TARGET CORP 1.6 %
CONSOLIDATED EDISON INC 1.6 %
ARCHER-DANIELS-MIDLAND CO 1.6 %
NORDSON CORP 1.6 %
PPG INDUSTRIES INC 1.6 %
LOWE'S COS INC 1.6 %
STANLEY BLACK & DECKER 1.6 %
SYSCO CORP 1.5 %
Total 16.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 1.5 %









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.
-6.4% -- -- -- -3.9%

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

Technical Indicators
Recent close $39.60
30d moving avg. $38.73
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $15,623

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the ProShares Russell US Dividend Growers ETF ETF based on the alternatives' overlap in portfolio holdings with TMDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TMDV Expense: 36 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TMDV
Ticker Fund
Name
Overlap1
vs TMDV
(%)
Expense
ratio
(bp)
Savings
vs TMDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs TMDV
(%)
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 57.9 75 -39 5.5 -0.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 57.8 35 1 5.9 +0.4
SDY SPDR S&P Dividend ETF 52.3 35 1 7.0 +1.4
VSDA VictoryShares Dividend Accelerator ETF 41.7 35 1 4.7 -0.9
PFM Invesco Dividend Achievers ETF 26.6 53 -17 5.2 -0.3
VIG Vanguard Dividend Appreciation Index Fund 22.5 6 30 5.1 -0.4
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 21.9 41 -5 6.1 +0.5
CCOR Core Alternative ETF 21.4 109 -73 4.5 -1.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 20.5 60 -24 6.4 +0.8
USDY Pacific Global US Equity Income ETF 19.8 29 7 7.1 +1.5
SMDV ProShares Russell 2000 Dividend Growers ETF 19.7 41 -5 6.4 +0.9
OUSA O'Shares FTSE US Quality Dividend ETF 19.4 48 -12 5.7 +0.2
FLLV Franklin Liberty U.S. Low Volatility ETF 19.1 29 7 5.4 -0.2
VYM Vanguard High Dividend Yield Index ETF 19.1 6 30 7.4 +1.8
PEY Invesco High Yield Equity Dividend Achievers ETF 18.3 52 -16 9.6 +4.1
SCHV Schwab U.S. Large-Cap Value ETF 18.1 4 32 6.7 +1.2
VOOV Vanguard S&P 500 Value ETF 18.1 10 26 7.2 +1.7
DGRO iShares Core Dividend Growth ETF 18.0 8 28 6.6 +1.0
MGV Vanguard Mega Cap Value ETF 17.8 7 29 7.2 +1.6
VTV Vanguard Value Index Fund 17.7 4 32 7.2 +1.7
SPLV Invesco S&P 500 Low Volatility ETF 17.6 25 11 5.4 -0.1
ALTL Pacer Lunt Large Cap Alternator ETF 17.6 60 -24 5.1 -0.5
FLQL Franklin LibertyQ U.S. Equity ETF 17.6 15 21 6.0 +0.5
IWX iShares Russell Top 200 Value ETF 17.4 20 16 6.7 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 17.4 28 8 6.3 +0.8
IVE iShares S&P 500 Value ETF 17.3 18 18 7.1 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 17.3 4 32 7.2 +1.7
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 17.3 40 -4 6.3 +0.8
JHMS John Hancock Multifactor Consumer Staples ETF 17.2 40 -4 5.6 +0.1
KSCD KFA Small Cap Quality Dividend Index ETF 17.0 51 -15 5.5 -0.0
IUSV iShares Core S&P U.S. Value ETF 16.8 4 32 7.3 +1.8
FVD First Trust Value Line Dividend Index Fund 16.8 70 -34 6.1 +0.6
DTD WisdomTree U.S.Total Dividend Fund 16.7 28 8 6.6 +1.0
KLCD KFA Large Cap Quality Dividend Index ETF 16.5 42 -6 5.3 -0.2
VDC Vanguard Consumer Staples Index Fund 16.4 10 26 5.2 -0.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 16.3 35 1 8.7 +3.2
FDLO Fidelity Low Volatility Factor ETF 16.2 29 7 5.1 -0.5
XLP Consumer Staples Select Sector SPDR Fund 16.1 13 23 5.2 -0.3
RAFE PIMCO RAFI ESG U.S. ETF 16.0 29 7 7.5 +2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 16.0 25 11 6.1 +0.6
FSTA Fidelity MSCI Consumer Staples Index ETF 15.8 8 28 5.3 -0.3
VALQ American Century STOXX U.S. Quality Value ETF 15.6 29 7 8.8 +3.2
USMV iShares Edge MSCI Min Vol USA ETF 15.6 15 21 5.4 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 15.3 27 9 5.4 -0.1
PSET Principal Price Setters Index ETF 15.2 15 21 4.8 -0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 15.0 12 24 5.4 -0.1
IECS iShares Evolved U.S. Consumer Staples ETF 14.9 18 18 5.3 -0.3
IWD iShares Russell 1000 Value ETF 14.8 19 17 6.8 +1.2
VONV Vanguard Russell 1000 Value Index Fund 14.7 8 28 6.9 +1.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 14.6 38 -2 7.9 +2.4
LSLT Salt Low truBeta US Market ETF 14.6 60 -24 5.6 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 14.6 49 -13 3.9 -1.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 14.1 12 24 4.7 -0.9
JKF iShares Morningstar Large Cap Value ETF 14.1 25 11 7.6 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 14.1 29 7 5.8 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 14.1 25 11 6.6 +1.0
JQUA JPMorgan U.S. Quality Factor ETF 14.0 12 24 5.2 -0.3
JDIV JPMorgan U.S. Dividend ETF 14.0 12 24 7.7 +2.2
GBLO Global Beta Low Beta ETF 13.9 29 7 7.2 +1.7
QUS SPDR MSCI USA StrategicFactors ETF 13.7 15 21 5.7 +0.1
ACIO Aptus Collared Income Opportunity ETF 13.6 79 -43 4.2 -1.3
DSTL Distillate US Fundamental Stability & Value ETF 13.5 39 -3 5.9 +0.4
DVY iShares Select Dividend ETF 13.5 39 -3 9.3 +3.7
PRF Invesco FTSE RAFI US 1000 ETF 13.4 39 -3 6.7 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 13.4 25 11 6.6 +1.1
FTCS First Trust Capital Strength ETF 13.1 58 -22 4.7 -0.8
HUSV First Trust Horizon Managed Volatility Domestic ETF 13.1 70 -34 5.6 +0.1
LVHD Legg Mason Low Volatility High Dividend ETF 13.0 27 9 8.1 +2.5
ESG FlexShares STOXX US ESG Impact Index Fund 13.0 32 4 4.9 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 13.0 25 11 6.7 +1.2
RECS Columbia Research Enhanced Core ETF 12.9 15 21 5.5 -0.1
SPMV Invesco S&P 500 Minimum Variance ETF 12.8 10 26 5.6 +0.1
RWL Invesco S&P 500 Revenue ETF 12.8 39 -3 7.1 +1.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 12.8 35 1 8.8 +3.2
ROUS Hartford Multifactor US Equity ETF 12.8 19 17 6.3 +0.7
OEF iShares S&P 100 ETF 12.8 20 16 4.6 -0.9
LGLV SPDR Russell 1000 Low Volatility ETF 12.7 12 24 5.4 -0.1
MAGA Point Bridge GOP Stock Tracker ETF 12.7 72 -36 6.3 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 12.7 27 9 4.8 -0.8
MGC Vanguard Mega Cap Index Fund 12.7 7 29 5.0 -0.6
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 12.7 75 -39 5.2 -0.3
KXI iShares Global Consumer Staples ETF 12.7 46 -10 5.3 -0.3
IQSU IQ Candriam ESG US Equity ETF 12.6 9 27 4.9 -0.7
QDIV Global X S&P 500 Quality Dividend ETF 12.5 20 16 7.5 +2.0
IUS Invesco Strategic US ETF 12.5 19 17 6.3 +0.8
NACP Impact Shares NAACP Minority Empowerment ETF 12.5 75 -39 4.7 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 12.5 20 16 4.7 -0.8
IWL iShares Russell Top 200 ETF 12.5 15 21 4.8 -0.8
CLRG IQ Chaikin U.S. Large Cap ETF 12.4 25 11 5.7 +0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 12.4 0 36 4.9 -0.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.4 28 8 6.3 +0.8
FQAL Fidelity Quality Factor ETF 12.3 29 7 5.3 -0.3
HSPX Global X S&P 500 Covered Call ETF 12.3 60 -24 4.8 -0.8
QLV FlexShares US Quality Low Volatility Index Fund 12.2 22 14 4.7 -0.8
PBP Invesco S&P 500 BuyWrite ETF 12.2 49 -13 4.8 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 12.2 8 28 6.3 +0.7
IOO iShares Global 100 ETF 12.1 40 -4 4.7 -0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 12.1 10 26 5.2 -0.4
SUSL iShares ESG MSCI USA Leaders ETF 12.1 10 26 5.1 -0.4

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 US Dividend Growers ETF
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 13.8 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 36 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 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.