Vesper U.S. Large Cap Short-Term Reversal Strategy ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
1.9x
P/BV
ratio
4.6x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vesper U.S. Large Cap Short-Term Reversal Strategy ETF tracks an equal-weighted index of large-cap US stocks believed to benefit from a short-term reversal.

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts
Website utrnetf.com
Inception date Sep 21, 2018
Assets (mns) $45
Currency USD
Expense ratio 75 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $63,947
Large cap (>$10bn) 88.1%
Mid cap ($2-10bn) 11.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMERICAN TOWER CORP-CL A 4.3 %
OLD DOMINION FREIGHT LINE 4.2 %
DIGITAL REALTY TRUST INC 4.2 %
DOLLAR GENERAL CORP 4.1 %
MARKETAXESS HOLDINGS INC 4.1 %
CONAGRA FOODS INC 4.1 %
VERIZON COMMUNICATIONS INC 4.1 %
ABBOTT LABORATORIES 4.1 %
GILEAD SCIENCES INC 4.1 %
CABOT OIL & GAS CORP 4.0 %
Total 41.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.5 %










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.
0.3% 15.9% -- -- 14.7%

Market Correlations
versus... Beta R-squared
S&P500 1.11 79%
MSCI EAFE 1.13 67%
MSCI Emg. Mkts. 0.90 62%

Technical Indicators
Recent close $27.21
30d moving avg. $25.80
Annualized volatility 26.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $12,491

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vesper U.S. Large Cap Short-Term Reversal Strategy ETF ETF based on the alternatives' overlap in portfolio holdings with UTRN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: UTRN Expense: 75 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH UTRN
Ticker Fund
Name
Overlap1
vs UTRN
(%)
Expense
ratio
(bp)
Savings
vs UTRN
(bp)
ALTAR
Score™
(%)
ALTAR
vs UTRN
(%)
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 38.9 40 35 6.3 +0.8
JHMS John Hancock Multifactor Consumer Staples ETF 34.4 40 35 5.9 +0.4
XLP Consumer Staples Select Sector SPDR Fund 27.4 13 62 5.4 -0.1
VDC Vanguard Consumer Staples Index Fund 26.8 10 65 5.4 -0.1
FTXG First Trust Nasdaq Food & Beverage ETF 26.6 60 15 5.7 +0.2
PSL Invesco DWA Consumer Staples Momentum ETF 26.3 60 15 4.0 -1.5
FSTA Fidelity MSCI Consumer Staples Index ETF 25.7 8 67 5.4 -0.1
FXG First Trust Consumer Staples AlphaDEX Fund 24.4 64 11 7.0 +1.5
IECS iShares Evolved U.S. Consumer Staples ETF 21.9 18 57 5.5 +0.0
PBJ Invesco Dynamic Food & Beverage ETF 21.7 63 12 5.5 +0.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 21.3 60 15 6.2 +0.7
KXI iShares Global Consumer Staples ETF 19.5 46 29 5.4 -0.1
IYK iShares U.S. Consumer Goods ETF 18.5 42 33 5.4 -0.1
SPLV Invesco S&P 500 Low Volatility ETF 16.4 25 50 5.7 +0.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 16.0 70 5 4.8 -0.7
LSLT Salt Low truBeta US Market ETF 15.7 0 75 7.2 +1.7
CWS AdvisorShares Focused Equity ETF 15.6 85 -10 5.4 -0.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 14.5 60 15 3.4 -2.1
TTFS AdvisorShares Wilshire Buyback ETF 14.0 91 -16 6.4 +0.9
DHS WisdomTree U.S. High Dividend Fund 13.9 38 37 8.6 +3.1
PWB Invesco Dynamic Large Cap Growth ETF 12.5 55 20 3.5 -2.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 12.1 30 45 9.6 +4.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 12.0 75 0 6.1 +0.6
DURA VanEck Vectors Morningstar Durable Dividend ETF 12.0 29 46 7.0 +1.5
FTXD First Trust Nasdaq Retail ETF 11.9 60 15 5.9 +0.4
PFM Invesco Dividend Achievers ETF 11.8 54 21 5.4 -0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 11.8 12 63 4.9 -0.6
AIEQ AI Powered Equity ETF 11.1 87 -12 3.3 -2.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 10.8 34 41 5.2 -0.2
SCHD Schwab U.S. Dividend Equity ETF 10.8 6 69 7.5 +2.0
FLQL Franklin LibertyQ U.S. Equity ETF 10.7 15 60 6.4 +0.9
PFI Invesco DWA Financial Momentum ETF 10.5 60 15 3.6 -1.9
RTH VanEck Vectors Retail ETF 10.5 35 40 5.0 -0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 10.4 29 46 6.2 +0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 10.3 12 63 5.9 +0.4
JOYY Infusive Compounding Global Equities ETF 10.1 50 25 3.9 -1.5
YLDE ClearBridge Dividend Strategy ESG ETF 10.1 60 15 5.0 -0.4
ACT AdvisorShares Vice ETF 10.0 99 -24 5.4 -0.1
TTAC TrimTabs Float Shrink ETF 10.0 59 16 3.6 -1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 10.0 28 47 6.5 +1.0
KLCD KFA Large Cap Quality Dividend Index ETF 9.9 41 34 5.3 -0.1
SPYD SPDR S&P 500 High Dividend ETF 9.8 7 68 10.5 +5.0
USMV iShares Edge MSCI Min Vol USA ETF 9.8 15 60 5.7 +0.2
RBUS Nationwide Risk-Based U.S. Equity ETF 9.7 30 45 5.1 -0.4
MGV Vanguard Mega Cap Value ETF 9.6 7 68 7.2 +1.7
SPMO Invesco S&P 500 Momentum ETF 9.5 13 62 4.5 -1.0
IWX iShares Russell Top 200 Value ETF 9.5 20 55 7.1 +1.6
JKF iShares Morningstar Large Cap Value ETF 9.3 25 50 7.8 +2.3
PDP Invesco DWA Momentum ETF 9.3 62 13 2.8 -2.7
PSET Principal Price Setters Index ETF 9.3 29 46 4.7 -0.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 9.3 30 45 6.0 +0.6
SPMV Invesco S&P 500 Minimum Variance ETF 9.2 10 65 5.8 +0.4
VETS Pacer Military Times Best Employers ETF 9.2 60 15 6.4 +1.0
SDG iShares Sustainable MSCI Global Impact ETF 9.1 49 26 6.3 +0.8
STLV iShares Factors US Value Style ETF 9.0 25 50 8.1 +2.6
SPYV SPDR Portfolio S&P 500 Value ETF 9.0 4 71 7.4 +1.9
IVE iShares S&P 500 Value ETF 9.0 18 57 7.3 +1.8
OUSA O'Shares FTSE US Quality Dividend ETF 9.0 48 27 5.8 +0.3
DEW WisdomTree Global High Dividend Fund 8.9 58 17 9.4 +3.9
LVHD Legg Mason Low Volatility High Dividend ETF 8.9 27 48 8.8 +3.3
VOOV Vanguard S&P 500 Value ETF 8.9 15 60 7.3 +1.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 8.8 28 47 6.6 +1.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 8.8 35 40 8.5 +3.1
DTD WisdomTree U.S.Total Dividend Fund 8.8 28 47 6.7 +1.2
VTV Vanguard Value Index Fund 8.8 4 71 7.4 +1.9
DEF Invesco Defensive Equity ETF 8.6 55 20 5.1 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 8.6 4 71 7.2 +1.7
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.6 38 37 8.0 +2.5
FDL First Trust Morningstar Dividend Leaders Index Fund 8.5 45 30 8.3 +2.8
XLV Health Care Select Sector SPDR Fund 8.5 13 62 7.0 +1.5
ICF iShares Cohen & Steers REIT ETF 8.5 34 41 6.0 +0.6
XLRE The Real Estate Select Sector SPDR Fund 8.5 13 62 5.6 +0.1
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 8.5 60 15 2.5 -3.0
HDV iShares Core High Dividend ETF 8.5 8 67 6.6 +1.1
VIG Vanguard Dividend Appreciation Index Fund 8.4 6 69 5.2 -0.2
IUSV iShares Core S&P U.S. Value ETF 8.4 4 71 7.5 +2.0
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 8.4 75 0 5.8 +0.3
NOBL ProShares S&P 500 Dividend Aristocrats ETF 8.4 35 40 6.2 +0.7
BVAL Brand Value ETF 8.4 65 10 6.2 +0.7
DGRO iShares Core Dividend Growth ETF 8.3 8 67 6.6 +1.1
PSR Invesco Active U.S. Real Estate Fund 8.3 35 40 6.3 +0.8
FIVG Defiance Next Gen Connectivity ETF 8.2 30 45 4.7 -0.8
NULV Nuveen ESG Large-Cap Value ETF 8.2 35 40 7.6 +2.1
IYH iShares U.S. Healthcare ETF 8.1 43 32 6.0 +0.6
SPXT ProShares S&P 500 Ex-Technology ETF 8.1 27 48 5.7 +0.2
VYM Vanguard High Dividend Yield Index ETF 8.1 6 69 7.3 +1.8
GBDV Global Beta Smart Income ETF 8.1 29 46 12.1 +6.6
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 8.1 25 50 7.4 +1.9
IHI iShares U.S. Medical Devices ETF 8.0 43 32 3.3 -2.1
IYR iShares U.S. Real Estate ETF 7.9 42 33 6.6 +1.1
TMDV ProShares Russell US Dividend Growers ETF 7.9 35 40 5.3 -0.2
FREL Fidelity MSCI Real Estate Index ETF 7.9 8 67 6.7 +1.3
RAFE PIMCO RAFI ESG U.S. ETF 7.8 29 46 7.8 +2.3
FPX First Trust US IPO Index Fund 7.7 59 16 4.2 -1.3
ESGS Columbia Sustainable U.S. Equity Income ETF 7.6 35 40 9.1 +3.6
IWD iShares Russell 1000 Value ETF 7.6 19 56 7.2 +1.7
AUSF Global X Adaptive U.S. Factor ETF 7.6 27 48 8.1 +2.7
VONV Vanguard Russell 1000 Value Index Fund 7.6 8 67 7.3 +1.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 7.5 43 32 4.4 -1.1
QLV FlexShares US Quality Low Volatility Index Fund 7.5 22 53 5.2 -0.3

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:
Vesper U.S. Large Cap Short-Term Reversal Strategy 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 27.0 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 5.5 %
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.