ProShares Russell US Dividend Growers ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.2x P/Sales
ratio
1.5x
P/BV
ratio
2.4x Div.
yield
2.8%


  • 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) $21
Currency USD
Expense ratio 35 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 66
Wgt avg mkt cap (mns) $51,737
Large cap (>$10bn) 58.7%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 11.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NORDSON CORP 2.0 %
LOWE'S COS INC 1.9 %
S&P GLOBAL, INC. 1.9 %
CLOROX COMPANY 1.8 %
ABBOTT LABORATORIES 1.8 %
TARGET CORP 1.8 %
STEPAN CO 1.8 %
HORMEL FOODS CORP 1.7 %
COMMERCE BANCSHARES INC 1.7 %
SHERWIN-WILLIAMS CO/THE 1.7 %
Total 18.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
IRELAND 1.5 %









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.
-11.4% -- -- -- -9.1%

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

Technical Indicators
Recent close $36.39
30d moving avg. $34.50
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $19,805

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 35 bp ALTAR Score™: 5.3%


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 55.6 75 -40 5.8 +0.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 55.5 35 0 6.2 +0.9
SDY SPDR S&P Dividend ETF 45.6 35 0 7.1 +1.8
VSDA VictoryShares Dividend Accelerator ETF 41.0 35 0 4.8 -0.5
VIG Vanguard Dividend Appreciation Index Fund 27.9 6 29 5.2 -0.1
PFM Invesco Dividend Achievers ETF 25.6 54 -19 5.4 +0.1
SMDV ProShares Russell 2000 Dividend Growers ETF 23.5 40 -5 7.1 +1.8
CCOR Core Alternative ETF 22.6 123 -88 4.3 -1.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 21.8 40 -5 6.2 +0.8
QDIV Global X S&P 500 Quality Dividend ETF 19.2 20 15 8.4 +3.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 18.7 60 -25 6.2 +0.8
KLCD KFA Large Cap Quality Dividend Index ETF 18.7 41 -6 5.3 +0.0
SCHV Schwab U.S. Large-Cap Value ETF 18.5 4 31 7.2 +1.9
PEY Invesco High Yield Equity Dividend Achievers ETF 18.5 53 -18 8.8 +3.4
OUSA O'Shares FTSE US Quality Dividend ETF 18.3 48 -13 5.8 +0.4
VYM Vanguard High Dividend Yield Index ETF 18.2 6 29 7.3 +2.0
FLQL Franklin LibertyQ U.S. Equity ETF 18.1 15 20 6.4 +1.0
LVUS Hartford Multifactor Low Volatility US Equity ETF 18.0 19 16 6.0 +0.7
FVD First Trust Value Line Dividend Index Fund 17.9 70 -35 6.3 +0.9
FLLV Franklin Liberty U.S. Low Volatility ETF 17.9 29 6 5.7 +0.4
KSCD KFA Small Cap Quality Dividend Index ETF 17.5 51 -16 6.3 +1.0
DGRO iShares Core Dividend Growth ETF 17.0 8 27 6.6 +1.3
JHMS John Hancock Multifactor Consumer Staples ETF 17.0 40 -5 5.9 +0.6
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 16.7 40 -5 6.3 +1.0
MGV Vanguard Mega Cap Value ETF 16.6 7 28 7.2 +1.9
VTV Vanguard Value Index Fund 16.6 4 31 7.4 +2.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.4 49 -14 4.2 -1.1
IWX iShares Russell Top 200 Value ETF 16.4 20 15 7.1 +1.8
JMIN JPMorgan U.S. Minimum Volatility ETF 16.4 12 23 5.9 +0.6
USDY Pacific Global US Equity Income ETF 16.2 29 6 8.0 +2.7
DLN WisdomTree U.S. LargeCap Dividend Fund 16.0 28 7 6.5 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 16.0 4 31 7.4 +2.1
IVE iShares S&P 500 Value ETF 16.0 18 17 7.3 +1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 15.7 29 6 6.2 +0.9
LSLT Salt Low truBeta US Market ETF 15.6 0 35 7.2 +1.9
VOOV Vanguard S&P 500 Value ETF 15.6 15 20 7.3 +2.0
SCHD Schwab U.S. Dividend Equity ETF 15.5 6 29 7.5 +2.2
IUSV iShares Core S&P U.S. Value ETF 15.5 4 31 7.5 +2.2
VDC Vanguard Consumer Staples Index Fund 15.4 10 25 5.4 +0.1
XLP Consumer Staples Select Sector SPDR Fund 15.4 13 22 5.4 +0.1
DTD WisdomTree U.S.Total Dividend Fund 15.3 28 7 6.7 +1.4
PSET Principal Price Setters Index ETF 15.3 29 6 4.7 -0.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 15.1 75 -40 6.1 +0.8
USMV iShares Edge MSCI Min Vol USA ETF 15.1 15 20 5.7 +0.4
FSTA Fidelity MSCI Consumer Staples Index ETF 15.0 8 27 5.4 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 14.8 27 8 5.7 +0.4
RAFE PIMCO RAFI ESG U.S. ETF 14.7 29 6 7.8 +2.5
EQWL Invesco Russell Top 200 Equal Weight ETF 14.6 25 10 6.1 +0.8
IWD iShares Russell 1000 Value ETF 14.4 19 16 7.2 +1.8
SPLV Invesco S&P 500 Low Volatility ETF 14.3 25 10 5.7 +0.4
VONV Vanguard Russell 1000 Value Index Fund 14.2 8 27 7.3 +1.9
FDLO Fidelity Low Volatility Factor ETF 13.9 29 6 5.3 -0.1
JDIV JPMorgan U.S. Dividend ETF 13.8 12 23 8.1 +2.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 13.8 12 23 4.9 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 13.4 12 23 5.3 -0.0
ESG FlexShares STOXX US ESG Impact Index Fund 13.4 32 3 5.3 -0.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 13.4 29 6 4.4 -1.0
JKF iShares Morningstar Large Cap Value ETF 13.4 25 10 7.8 +2.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 13.3 25 10 6.7 +1.3
IECS iShares Evolved U.S. Consumer Staples ETF 13.3 18 17 5.5 +0.2
SPMV Invesco S&P 500 Minimum Variance ETF 13.1 10 25 5.8 +0.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 13.1 35 0 8.5 +3.2
ACIO Aptus Collared Income Opportunity ETF 13.0 79 -44 4.5 -0.8
IOO iShares Global 100 ETF 12.8 40 -5 5.0 -0.4
IWL iShares Russell Top 200 ETF 12.8 15 20 5.2 -0.1
KXI iShares Global Consumer Staples ETF 12.7 46 -11 5.4 +0.1
IUS Invesco Strategic US ETF 12.7 19 16 6.3 +1.0
FQAL Fidelity Quality Factor ETF 12.7 29 6 5.5 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 12.7 25 10 6.6 +1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.6 19 16 5.7 +0.4
IQSU IQ Candriam ESG US Equity ETF 12.6 9 26 5.3 -0.0
ROUS Hartford Multifactor US Equity ETF 12.6 19 16 7.3 +2.0
DVY iShares Select Dividend ETF 12.6 39 -4 8.2 +2.9
SPXN ProShares S&P 500 Ex-Financials ETF 12.6 27 8 5.2 -0.1
MAGA Point Bridge GOP Stock Tracker ETF 12.5 72 -37 6.7 +1.4
LGLV SPDR Russell 1000 Low Volatility ETF 12.5 12 23 5.7 +0.3
PBP Invesco S&P 500 BuyWrite ETF 12.5 49 -14 5.1 -0.2
ECOZ TrueMark ESG Active Opportunities ETF 12.5 58 -23 4.5 -0.9
MGC Vanguard Mega Cap Index Fund 12.5 7 28 5.4 +0.1
BVAL Brand Value ETF 12.5 65 -30 6.2 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 12.5 20 15 5.1 -0.2
HLAL Wahed FTSE USA Shariah ETF 12.4 50 -15 4.7 -0.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 12.4 38 -3 8.0 +2.7
QUS SPDR MSCI USA StrategicFactors ETF 12.4 15 20 5.9 +0.6
OEF iShares S&P 100 ETF 12.4 20 15 5.0 -0.3
HSPX Global X S&P 500 Covered Call ETF 12.3 65 -30 5.0 -0.4
FVL First Trust Value Line 100 Exchange-Traded Fund 12.2 70 -35 4.9 -0.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.2 19 16 6.3 +1.0
SUSL iShares ESG MSCI USA Leaders ETF 12.2 10 25 5.5 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 12.2 10 25 5.5 +0.2
DSTL Distillate US Fundamental Stability & Value ETF 12.1 39 -4 6.5 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 12.1 39 -4 6.9 +1.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.0 28 7 6.6 +1.3
RWL Invesco S&P 500 Revenue ETF 11.9 39 -4 6.9 +1.6
DJD Invesco Dow Jones Industrial Average Dividend ETF 11.8 7 28 6.7 +1.4
EDOW First Trust Dow 30 Equal Weight ETF 11.8 50 -15 5.9 +0.6
DIVB iShares U.S. Dividend & Buyback ETF 11.8 25 10 6.6 +1.3
IYK iShares U.S. Consumer Goods ETF 11.8 42 -7 5.4 +0.1
CLRG IQ Chaikin U.S. Large Cap ETF 11.8 25 10 6.2 +0.8
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 11.8 35 0 6.8 +1.5

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:
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 13.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.53
 
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.