Cambria Value & Momentum ETF
ALTAR
Score™
5.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.2x P/Sales
ratio
0.5x
P/BV
ratio
1.6x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Cambria Value and Momentum ETF is an actively managed portfolio of large-, mid- and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio.

FUND BASICS
Category US Equities
Fund Sponsor Cambria
Website www.cambriafunds.com
Inception date Sep 08, 2015
Assets (mns) $13
Currency USD
Expense ratio 63 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $8,250
Large cap (>$10bn) 13.8%
Mid cap ($2-10bn) 44.2%
Small cap (<$2bn) 42.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BUILDERS FIRSTSOURCE INC 3.4 %
RENEWABLE ENERGY GROUP INC 2.6 %
RENT-A-CENTER INC 2.0 %
ULTRA CLEAN HOLDINGS 1.9 %
TOPBUILD CORP 1.7 %
NAUTILUS INC 1.6 %
SAIA INC 1.5 %
MR. COOPER GROUP, INC. 1.5 %
ANTERO RESOURCES CORP 1.5 %
TARGET CORP 1.4 %
Total 19.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.5 %
ISRAEL 1.3 %
CANADA 1.1 %
BERMUDA 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.9% -4.9% -2.4% -- -3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.51 52%
MSCI EAFE 0.54 56%
MSCI Emg. Mkts. 0.43 45%

Technical Indicators
Recent close $21.16
30d moving avg. $20.10
Annualized volatility 13.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $8,642

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VAMO Expense: 63 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VAMO
Ticker Fund
Name
Overlap1
vs VAMO
(%)
Expense
ratio
(bp)
Savings
vs VAMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VAMO
(%)
XSMO Invesco S&P SmallCap Momentum ETF 20.5 39 24 3.6 -1.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 19.2 39 24 6.8 +1.4
ROSC Hartford Multifactor Small Cap ETF 17.3 34 29 6.5 +1.1
AVUV Avantis U.S. Small Cap Value ETF 16.3 25 38 6.3 +0.9
VUSE Vident Core US Equity Fund 16.0 48 15 7.3 +1.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.5 35 28 3.7 -1.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 15.4 30 33 6.0 +0.6
CALF Pacer US Small Cap Cash Cows 100 ETF 14.4 59 4 8.8 +3.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 13.8 24 39 4.9 -0.5
AFSM First Trust Active Factor Small Cap ETF 13.7 77 -14 4.3 -1.1
XSHQ Invesco S&P SmallCap Quality ETF 13.2 29 34 5.3 -0.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 12.7 39 24 5.4 -0.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 12.7 39 24 3.9 -1.5
SLYG SPDR S&P 600 Small Cap Growth ETF 11.7 15 48 4.4 -1.0
VFMF Vanguard U.S. Multifactor ETF 11.7 19 44 6.1 +0.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.6 29 34 4.2 -1.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 11.6 16 47 4.3 -1.1
IJT iShares S&P Small-Cap 600 Growth ETF 10.6 18 45 4.3 -1.1
VFVA Vanguard U.S. Value Factor ETF 10.5 14 49 8.4 +3.0
EES WisdomTree SmallCap Earnings Fund 10.4 38 25 7.5 +2.1
QVAL Alpha Architect U.S. Quantitative Value ETF 10.3 49 14 7.9 +2.5
XRT SPDR S&P Retail ETF 10.2 35 28 4.7 -0.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 10.0 35 28 3.0 -2.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 9.6 29 34 6.5 +1.1
VIOO Vanguard S&P Small-Cap 600 ETF 9.5 10 53 5.5 +0.1
SLY SPDR S&P 600 Small Cap ETF 9.5 15 48 5.5 +0.1
SPSM SPDR Portfolio Small Cap ETF 9.5 5 58 5.7 +0.3
IJR iShares Core S&P Small Cap ETF 9.4 6 57 5.6 +0.2
PSCI Invesco S&P SmallCap Industrials ETF 9.1 29 34 4.9 -0.5
SQLV Legg Mason Small-Cap Quality Value 9.1 62 1 4.1 -1.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.0 38 25 7.0 +1.6
XJR iShares ESG Screened S&P Small-Cap ETF 8.8 12 51 5.7 +0.3
SPVM Invesco S&P 500 Value with Momentum ETF 8.7 39 24 7.7 +2.3
FYT First Trust Small Cap Value AlphaDEX Fund 8.5 72 -9 7.9 +2.5
FYX First Trust Small Cap Core AlphaDEX Fund 8.5 63 0 5.4 -0.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 8.4 35 28 4.9 -0.5
SIXS 6 Meridian Small Cap Equity ETF 8.3 97 -34 7.1 +1.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 8.2 15 48 6.9 +1.5
DES WisdomTree U.S. SmallCap Dividend Fund 8.0 38 25 6.6 +1.2
IWN iShares Russell 2000 Value ETF 8.0 24 39 5.0 -0.4
FYC First Trust Small Cap Growth AlphaDEX Fund 7.8 70 -7 1.7 -3.7
SSLY Syntax Stratified SmallCap ETF 7.8 30 33 4.9 -0.5
IFRA iShares U.S. Infrastructure ETF 7.8 40 23 4.9 -0.5
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 7.5 132 -69 -2.7 -8.1
RNSC Small Cap US Equity Select ETF 7.4 60 3 6.0 +0.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 7.4 40 23 5.1 -0.3
VTWV Vanguard Russell 2000 Value Index Fund 7.3 15 48 5.1 -0.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.2 39 24 3.4 -2.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 7.1 9 54 3.3 -2.1
SYLD Cambria Shareholder Yield ETF 7.1 59 4 6.9 +1.5
BFOR Barron's 400 ETF 7.1 65 -2 5.5 +0.1
CSML IQ Chaikin U.S. Small Cap ETF 7.0 35 28 2.8 -2.6
VFQY Vanguard U.S. Quality Factor ETF 7.0 13 50 5.3 -0.1
SLYV SPDR S&P 600 Small Cap Value ETF 6.9 15 48 6.9 +1.5
IJS iShares S&P Small-cap 600 Value ETF 6.9 18 45 6.8 +1.4
STSB iShares Factors US Small Blend Style ETF 6.9 35 28 2.9 -2.5
PSCE Invesco S&P SmallCap Energy ETF 6.9 29 34 -0.2 -5.6
DWAS Invesco DWA SmallCap Momentum ETF 6.9 60 3 -1.2 -6.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.8 20 43 3.8 -1.6
PXE Invesco Dynamic Energy Exploration & Production ETF 6.8 63 0 1.5 -3.9
COWZ Pacer US Cash Cows 100 ETF 6.8 49 14 10.2 +4.8
ISMD Inspire Small/Mid Cap Impact ETF 6.8 60 3 4.3 -1.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.8 35 28 6.8 +1.4
VTWO Vanguard Russell 2000 Index Fund 6.6 10 53 2.6 -2.8
SVAL iShares US Small Cap Value Factor ETF 6.5 20 43 8.2 +2.8
AFMC First Trust Active Factor Mid Cap ETF 6.5 65 -2 5.2 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 6.5 71 -8 7.5 +2.1
FCG First Trust Natural Gas ETF 6.5 60 3 1.2 -4.2
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 6.5 35 28 6.0 +0.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 6.4 35 28 6.0 +0.6
EZM WisdomTree U.S. MidCap Earnings Fund 6.3 38 25 7.5 +2.1
FSMD Fidelity Small-Mid Factor ETF 6.2 29 34 5.2 -0.2
ITB iShares U.S. Home Construction ETF 6.2 42 21 7.5 +2.1
VALQ American Century STOXX U.S. Quality Value ETF 6.2 29 34 7.8 +2.4
VLUE iShares MSCI USA Value Factor ETF 6.1 15 48 9.7 +4.3
TPSC Timothy Plan US Small Cap Core ETF 6.1 52 11 5.6 +0.2
IUSS Invesco Strategic US Small Company ETF 6.1 23 40 3.6 -1.8
XMVM Invesco S&P MidCap Value with Momentum ETF 6.0 39 24 8.0 +2.6
PXI Invesco DWA Energy Momentum ETF 6.0 60 3 0.2 -5.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 5.9 20 43 6.6 +1.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 5.9 29 34 7.2 +1.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 5.9 25 38 4.8 -0.6
ROUS Hartford Multifactor US Equity ETF 5.8 19 44 5.9 +0.5
PRN Invesco DWA Industrials Momentum ETF 5.8 60 3 4.8 -0.6
XTN SPDR S&P Transportation ETF 5.8 35 28 3.3 -2.1
RYJ Invesco Raymond James SB-1 Equity ETF 5.8 76 -13 3.6 -1.8
NVQ QRAFT AI-Enhanced US Next Value ETF 5.8 75 -12 6.6 +1.2
FTA First Trust Large Cap Value AlphaDEX Fund 5.7 60 3 7.4 +2.0
IEO iShares U.S. Oil & Gas Exploration & Production ETF 5.6 42 21 3.0 -2.4
XSLV Invesco S&P SmallCap Low Volatility ETF 5.6 25 38 4.6 -0.8
FVAL Fidelity Value Factor ETF 5.5 29 34 6.8 +1.4
PFI Invesco DWA Financial Momentum ETF 5.5 60 3 4.9 -0.5
FRAK VanEck Vectors Unconventional Oil & Gas ETF 5.5 54 9 1.4 -4.0
AIRR First Trust RBA American Industrial Renaissance ETF 5.5 70 -7 5.1 -0.3
VFMO Vanguard U.S. Momentum Factor ETF 5.5 13 50 1.4 -4.0
IWM iShares Russell 2000 ETF 5.4 19 44 2.5 -2.9
PWC Invesco Dynamic Market ETF 5.4 58 5 3.1 -2.4
JVAL JPMorgan U.S. Value Factor ETF 5.3 12 51 7.1 +1.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 5.3 29 34 4.9 -0.5

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 Value & Momentum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.49
 
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.