US Vegan Climate ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.3x P/Sales
ratio
2.7x
P/BV
ratio
3.3x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The US Vegan Climate ETF (the Fund) seeks to track the performance, before fees and expenses, of the Beyond Investing US Vegan Climate Index (the Index).

FUND BASICS
Category US Equities
Fund Sponsor Beyond Investing
Website www.veganetf.com
Inception date Sep 09, 2019
Assets (mns) $20
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 268
Wgt avg mkt cap (mns) $349,251
Large cap (>$10bn) 97.9%
Mid cap ($2-10bn) 2.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.9 %
APPLE INC 5.7 %
FACEBOOK 4.2 %
UNITEDHEALTH GROUP INC 3.3 %
VISA INC-CLASS A SHARES 3.2 %
MASTERCARD INC-CLASS A 3.1 %
INTEL CORP 3.1 %
VERIZON COMMUNICATIONS INC 2.9 %
ALPHABET INC. CLASS A 2.6 %
ALPHABET INC. CLASS C 2.6 %
Total 36.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.6 %
BRITAIN 0.7 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %






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.
-1.4% -- -- -- 8.3%

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

Technical Indicators
Recent close $27.11
30d moving avg. $25.23
Annualized volatility 0.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.8%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $146,988

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the US Vegan Climate ETF ETF based on the alternatives' overlap in portfolio holdings with VEGN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VEGN Expense: 60 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VEGN
Ticker Fund
Name
Overlap1
vs VEGN
(%)
Expense
ratio
(bp)
Savings
vs VEGN
(bp)
ALTAR
Score™
(%)
ALTAR
vs VEGN
(%)
VUG Vanguard Growth Index Fund 57.7 4 56 4.2 -1.1
DSI iShares MSCI KLD 400 Social ETF 56.6 25 35 5.3 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 56.3 27 33 5.2 -0.1
PBP Invesco S&P 500 BuyWrite ETF 55.7 49 11 5.1 -0.2
IWF iShares Russell 1000 Growth ETF 55.6 19 41 4.3 -1.0
IETC iShares Evolved U.S. Technology ETF 55.6 18 42 4.1 -1.2
VONG Vanguard Russell 1000 Growth Index Fund 55.5 8 52 4.4 -0.9
IQSU IQ Candriam ESG US Equity ETF 55.4 9 51 5.3 -0.0
IGM iShares North American Tech ETF 55.2 46 14 4.0 -1.3
SCHG Schwab U.S. Large-Cap Growth ETF 55.2 4 56 4.3 -1.0
HSPX Global X S&P 500 Covered Call ETF 54.6 65 -5 5.0 -0.3
ESGV Vanguard ESG U.S. Stock ETF 53.7 12 48 5.3 +0.0
VOOG Vanguard S&P 500 Growth ETF 53.1 10 50 4.4 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 53.0 29 31 5.3 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 53.0 4 56 4.5 -0.8
IVW iShares S&P 500 Growth ETF 53.0 18 42 4.3 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 52.9 27 33 5.4 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 52.6 20 40 5.5 +0.2
SNPE Xtrackers S&P 500 ESG ETF 52.4 11 49 5.2 -0.1
IWY iShares Russell Top 200 Growth ETF 52.2 20 40 4.3 -1.0
PBUS Invesco PureBeta MSCI USA ETF 51.8 4 56 5.4 +0.1
VV Vanguard Large-Cap Index Fund 51.8 4 56 5.4 +0.1
IVV iShares Core S&P 500 ETF 51.4 4 56 5.5 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 51.4 2 58 5.4 +0.1
SPLG SPDR Portfolio Large Cap ETF 51.4 3 57 5.5 +0.2
SPY SPDR S&P 500 ETF Trust 51.4 9 51 5.5 +0.2
IUSG iShares Core S&P US Growth ETF 51.3 4 56 4.5 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 51.3 20 40 5.1 -0.2
VOO VANGUARD S&P 500 ETF 51.1 3 57 5.5 +0.2
MGC Vanguard Mega Cap Index Fund 51.1 7 53 5.3 +0.0
SUSL iShares ESG MSCI USA Leaders ETF 51.1 10 50 5.4 +0.1
MGK Vanguard Mega Cap Growth ETF 51.0 7 53 4.3 -1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.9 10 50 5.5 +0.2
IWL iShares Russell Top 200 ETF 50.2 15 45 5.2 -0.1
SCHX Schwab U.S. Large-Cap ETF 50.2 3 57 5.4 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 50.0 60 0 4.5 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 49.4 8 52 6.5 +1.2
ESGU iShares MSCI USA ESG Optimized ETF 49.1 15 45 5.2 -0.1
IWB iShares Russell 1000 ETF 48.7 15 45 5.3 0.0
ESG FlexShares STOXX US ESG Impact Index Fund 48.5 32 28 5.2 -0.1
SCHK Schwab 1000 Index ETF 48.5 5 55 5.4 +0.1
VONE Vanguard Russell 1000 ETF 48.3 8 52 5.4 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 48.1 27 33 5.1 -0.2
IYY iShares Dow Jones U.S. ETF 48.1 20 40 5.3 -0.0
RECS Columbia Research Enhanced Core ETF 47.8 15 45 5.7 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 47.7 3 57 5.6 +0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 47.5 29 31 4.3 -1.0
JHML John Hancock Multifactor Large Cap ETF 47.4 34 26 5.6 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.4 9 51 5.6 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 47.3 12 48 5.1 -0.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 46.9 21 39 3.2 -2.1
WOMN Impact Shares YWCA Women's Empowerment ETF 46.6 75 -15 4.6 -0.7
SFY SoFi Select 500 ETF 46.5 0 60 5.4 +0.1
QUS SPDR MSCI USA StrategicFactors ETF 46.4 15 45 5.9 +0.6
TMFC Motley Fool 100 Index ETF 46.3 50 10 4.0 -1.3
OEF iShares S&P 100 ETF 46.2 20 40 5.0 -0.3
SCHB Schwab U.S. Broad Market ETF 46.2 3 57 5.4 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.1 3 57 5.3 -0.0
VTI Vanguard Total Stock Market Index Fund 46.0 3 57 5.3 -0.0
IWV iShares Russell 3000 ETF 45.9 20 40 5.2 -0.1
VTHR Vanguard Russell 3000 Index Fund 45.6 10 50 5.3 -0.0
QYLD Global X NASDAQ 100 Covered Call ETF 45.3 60 0 3.7 -1.6
NUSI Nationwide Risk-Managed Income ETF 45.1 68 -8 3.7 -1.6
XLG Invesco S&P 500 Top 50 ETF 45.1 20 40 4.7 -0.6
QQQ Invesco QQQ Trust 44.9 20 40 4.1 -1.2
FTEC Fidelity MSCI Information Technology Index ETF 44.0 8 52 4.9 -0.4
VGT Vanguard Information Technology Index Fund 44.0 10 50 4.8 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 43.7 75 -15 4.6 -0.7
IUS Invesco Strategic US ETF 43.5 19 41 6.2 +0.9
DIVB iShares U.S. Dividend & Buyback ETF 43.2 25 35 6.5 +1.2
EXT WisdomTree U.S. Total Earnings Fund 42.6 28 32 5.8 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.3 19 41 5.7 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 42.3 49 11 4.2 -1.1
IYW iShares U.S. Technology ETF 42.0 42 18 4.3 -1.0
XLK Technology Select Sector SPDR Fund 42.0 13 47 5.0 -0.3
IXN iShares Global Tech ETF 42.0 46 14 4.8 -0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 41.9 30 30 6.8 +1.5
AVUS Avantis U.S. Equity ETF 41.2 15 45 5.8 +0.5
FQAL Fidelity Quality Factor ETF 41.1 29 31 5.5 +0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 41.0 28 32 6.4 +1.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 40.7 15 45 4.8 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 40.4 25 35 6.6 +1.3
TECB iShares US Tech Breakthrough Multisector ETF 39.6 40 20 4.1 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 38.8 12 48 5.3 -0.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.5 25 35 6.6 +1.3
DTD WisdomTree U.S.Total Dividend Fund 38.5 28 32 6.6 +1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.9 15 45 6.4 +1.1
JKE iShares Morningstar Large-Cap Growth ETF 37.8 25 35 3.5 -1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.8 25 35 6.2 +0.9
DGRW WisdomTree U.S. Quality Dividend Growth Fund 37.7 28 32 6.6 +1.3
PRF Invesco FTSE RAFI US 1000 ETF 37.2 39 21 6.8 +1.5
SPMO Invesco S&P 500 Momentum ETF 36.8 13 47 4.5 -0.8
LRGE ClearBridge Large Cap Growth ESG ETF 36.8 60 0 4.0 -1.3
TOK iShares MSCI Kokusai ETF 36.4 25 35 5.8 +0.5
JMOM JPMorgan U.S. Momentum Factor ETF 36.3 12 48 3.9 -1.4
FDLO Fidelity Low Volatility Factor ETF 36.1 29 31 5.2 -0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.1 12 48 4.9 -0.4
QUAL iShares MSCI Usa Quality Factor ETF 36.1 15 45 5.4 +0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 35.9 9 51 5.9 +0.6
FVAL Fidelity Value Factor ETF 35.1 29 31 8.1 +2.8

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:
US Vegan Climate 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 18.2 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.