US Vegan Climate ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.9x P/Sales
ratio
3.0x
P/BV
ratio
3.9x Div.
yield
1.4%


  • 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) $28
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 278
Wgt avg mkt cap (mns) $390,695
Large cap (>$10bn) 98.2%
Mid cap ($2-10bn) 1.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.4 %
FACEBOOK 4.8 %
NVIDIA CORP 4.4 %
MICROSOFT CORP 4.3 %
UNITEDHEALTH GROUP INC 3.5 %
MASTERCARD INC-CLASS A 3.5 %
VISA INC-CLASS A SHARES 3.5 %
VERIZON COMMUNICATIONS INC 3.1 %
AT&T INC 2.8 %
INTEL CORP 2.4 %
Total 37.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
IRELAND 1.7 %
BRITAIN 0.4 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %






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.
12.5% -- -- -- 23.6%

Market Correlations
versus... Beta R-squared
S&P500 1.04 99%
MSCI EAFE 1.06 91%
MSCI Emg. Mkts. 0.73 68%

Technical Indicators
Recent close $30.69
30d moving avg. $30.74
Annualized volatility 24.8%
Short interest (ETF) 1.6%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.9%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $176,250

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™: 5.0%


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
(%)
ESGV Vanguard ESG U.S. Stock ETF 56.9 12 48 4.9 -0.0
DSI iShares MSCI KLD 400 Social ETF 55.9 25 35 5.0 +0.0
IETC iShares Evolved U.S. Technology ETF 55.2 18 42 3.7 -1.2
IGM iShares Expanded Tech Sector ETF 54.5 46 14 3.7 -1.3
USXF iShares ESG Advanced MSCI USA ETF 53.0 10 50 4.8 -0.1
VUG Vanguard Growth Index Fund 52.8 4 56 3.8 -1.2
IQSU IQ Candriam ESG US Equity ETF 52.0 9 51 5.0 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 51.9 27 33 4.9 -0.1
IWF iShares Russell 1000 Growth ETF 51.8 19 41 3.7 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 50.9 8 52 3.8 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 50.8 7 53 5.1 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 50.7 4 56 3.4 -1.6
HSPX Global X S&P 500 Covered Call ETF 50.7 60 0 4.8 -0.2
PBUS Invesco PureBeta MSCI USA ETF 50.7 4 56 5.1 +0.1
VOOG Vanguard S&P 500 Growth ETF 50.5 10 50 4.2 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 50.4 2 58 5.1 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 50.1 29 31 5.0 +0.0
ESGU iShares MSCI USA ESG Optimized ETF 50.1 15 45 4.9 -0.1
VV Vanguard Large-Cap Index Fund 50.1 4 56 5.1 +0.1
SCHX Schwab U.S. Large-Cap ETF 49.7 3 57 5.0 +0.0
PBP Invesco S&P 500 BuyWrite ETF 49.5 49 11 4.8 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 49.5 4 56 4.3 -0.7
IVW iShares S&P 500 Growth ETF 49.4 18 42 16.9 +12.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 49.4 20 40 5.2 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 49.4 60 0 4.9 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 49.3 27 33 5.1 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 49.1 9 51 5.4 +0.4
EFIV SPDR S&P 500 ESG ETF 49.0 10 50 5.0 -0.0
SNPE Xtrackers S&P 500 ESG ETF 48.9 10 50 4.9 -0.1
SPY SPDR S&P 500 ETF Trust 48.9 9 51 5.2 +0.2
IVV iShares Core S&P 500 ETF 48.8 3 57 5.2 +0.3
SPLG SPDR Portfolio Large Cap ETF 48.8 3 57 5.2 +0.3
SCHK Schwab 1000 Index ETF 48.8 5 55 5.1 +0.1
MGC Vanguard Mega Cap Index Fund 48.8 7 53 5.0 +0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 48.7 20 40 4.8 -0.2
IWL iShares Russell Top 200 ETF 48.6 15 45 4.8 -0.2
IWB iShares Russell 1000 ETF 48.6 15 45 4.9 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 48.5 60 0 4.0 -1.0
SUSL iShares ESG MSCI USA Leaders ETF 48.5 10 50 5.2 +0.2
IWY iShares Russell Top 200 Growth ETF 48.4 20 40 3.8 -1.2
IYY iShares Dow Jones U.S. ETF 48.4 20 40 4.9 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 48.3 0 60 5.0 +0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 48.3 10 50 5.2 +0.3
VOO VANGUARD S&P 500 ETF 48.2 3 57 5.3 +0.3
IUSG iShares Core S&P US Growth ETF 48.2 4 56 4.3 -0.7
SFY SoFi Select 500 ETF 48.1 0 60 5.0 +0.0
MGK Vanguard Mega Cap Growth ETF 47.7 7 53 4.0 -1.0
VONE Vanguard Russell 1000 ETF 47.7 8 52 5.0 +0.0
ESG FlexShares STOXX US ESG Impact Index Fund 47.4 32 28 5.0 +0.0
JHML John Hancock Multifactor Large Cap ETF 47.4 29 31 5.4 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 46.9 8 52 6.3 +1.4
VTHR Vanguard Russell 3000 Index Fund 46.8 10 50 4.9 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 46.6 30 30 6.5 +1.6
SCHB Schwab U.S. Broad Market ETF 46.3 3 57 5.0 -0.0
IWV iShares Russell 3000 ETF 46.3 20 40 4.8 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 46.2 3 57 5.4 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.2 3 57 4.9 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 46.2 12 48 4.6 -0.4
TMFC Motley Fool 100 Index ETF 46.0 50 10 3.4 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 45.8 27 33 4.8 -0.2
WOMN Impact Shares YWCA Women's Empowerment ETF 45.4 75 -15 4.2 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 45.3 15 45 5.8 +0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 44.8 19 41 6.0 +1.0
FTEC Fidelity MSCI Information Technology Index ETF 44.7 8 52 4.4 -0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 44.6 21 39 3.1 -1.9
VTI Vanguard Total Stock Market Index Fund 44.5 3 57 4.9 -0.1
VGT Vanguard Information Technology Index Fund 44.4 10 50 4.4 -0.6
QYLD Global X NASDAQ 100 Covered Call ETF 43.9 60 0 3.4 -1.5
IYW iShares U.S. Technology ETF 43.8 43 17 3.8 -1.1
HIPR Direxion High Growth ETF 43.7 40 20 4.5 -0.5
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 43.7 60 0 3.4 -1.5
QQQ Invesco QQQ Trust 43.3 20 40 3.7 -1.2
RECS Columbia Research Enhanced Core ETF 43.2 15 45 5.5 +0.6
NUSI Nationwide Risk-Managed Income ETF 43.2 68 -8 3.2 -1.8
EXT WisdomTree U.S. Total Earnings Fund 42.8 28 32 5.4 +0.5
TECB iShares US Tech Breakthrough Multisector ETF 42.5 40 20 4.0 -1.0
XLK Technology Select Sector SPDR Fund 42.4 13 47 4.7 -0.3
OEF iShares S&P 100 ETF 41.9 20 40 4.7 -0.3
XLG Invesco S&P 500 Top 50 ETF 41.3 20 40 4.4 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 40.9 49 11 4.0 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 40.8 25 35 6.8 +1.8
AVUS Avantis U.S. Equity ETF 40.8 15 45 5.5 +0.5
MTUM iShares MSCI USA Momentum Factor ETF 40.7 15 45 4.1 -0.9
QUAL iShares MSCI Usa Quality Factor ETF 40.5 15 45 5.3 +0.3
IXN iShares Global Tech ETF 40.4 46 14 4.4 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 39.9 28 32 6.4 +1.4
IUS Invesco Strategic US ETF 39.8 19 41 6.4 +1.4
FQAL Fidelity Quality Factor ETF 39.2 29 31 5.4 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.0 75 -15 3.8 -1.2
NACP Impact Shares NAACP Minority Empowerment ETF 38.5 75 -15 4.7 -0.2
SPQQ Siren Large Cap Blend Index ETF 38.3 20 40 4.8 -0.2
DTD WisdomTree U.S.Total Dividend Fund 38.1 28 32 6.6 +1.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.1 25 35 6.6 +1.6
JQUA JPMorgan U.S. Quality Factor ETF 38.1 12 48 5.3 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 38.0 9 51 5.6 +0.6
NULC Nuveen ESG Large-Cap ETF 37.9 20 40 5.0 0.0
TOK iShares MSCI Kokusai ETF 37.9 25 35 5.4 +0.5
JMOM JPMorgan U.S. Momentum Factor ETF 37.5 12 48 3.3 -1.7
SUSA iShares MSCI USA ESG Select ETF 37.5 25 35 4.7 -0.3
QLC FlexShares US Quality Large Cap Index Fund 37.4 32 28 5.1 +0.1

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 19.6 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.