US Vegan Climate ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.3x P/Sales
ratio
3.7x
P/BV
ratio
5.0x Div.
yield
1.1%


  • 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) $39
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 288
Wgt avg mkt cap (mns) $409,022
Large cap (>$10bn) 98.4%
Mid cap ($2-10bn) 1.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 7.8 %
APPLE INC 4.8 %
MICROSOFT CORP 4.3 %
NVIDIA CORP 4.2 %
MASTERCARD INC-CLASS A 4.0 %
UNITEDHEALTH GROUP INC 3.9 %
VISA INC-CLASS A SHARES 3.8 %
VERIZON COMMUNICATIONS INC 3.5 %
ALPHABET INC. CLASS C 2.2 %
ALPHABET INC. CLASS A 2.2 %
Total 40.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
IRELAND 1.8 %
BRITAIN 0.6 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %






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.
27.7% 27.7% -- -- 31.1%

Market Correlations
versus... Beta R-squared
S&P500 1.05 99%
MSCI EAFE 0.93 89%
MSCI Emg. Mkts. 0.76 66%

Technical Indicators
Recent close $35.47
30d moving avg. $34.60
Annualized volatility 24.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.6%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $165,073

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.0%


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 67.2 12 48 4.5 +0.5
IQSU IQ Candriam ESG US Equity ETF 55.5 9 51 4.5 +0.6
USXF iShares ESG Advanced MSCI USA ETF 52.8 10 50 4.6 +0.6
DSI iShares MSCI KLD 400 Social ETF 51.4 25 35 4.6 +0.6
VUG Vanguard Growth Index Fund 51.3 4 56 3.5 -0.5
IETC iShares Evolved U.S. Technology ETF 51.2 18 42 3.4 -0.6
IWF iShares Russell 1000 Growth ETF 49.9 19 41 3.4 -0.6
IGM iShares Expanded Tech Sector ETF 49.5 46 14 3.3 -0.7
SUSL iShares ESG MSCI USA Leaders ETF 48.8 10 50 4.8 +0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 48.8 10 50 4.8 +0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 48.7 27 33 4.3 +0.3
SCHG Schwab U.S. Large-Cap Growth ETF 48.4 4 56 3.1 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 48.4 8 52 3.5 -0.4
XVV iShares ESG Screened S&P 500 ETF 48.1 8 52 4.9 +0.9
PBUS Invesco PureBeta MSCI USA ETF 48.0 4 56 4.6 +0.6
VV Vanguard Large-Cap Index Fund 47.8 4 56 4.6 +0.6
VOOG Vanguard S&P 500 Growth ETF 47.7 10 50 3.9 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.7 30 30 5.3 +1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 47.7 7 53 4.5 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 47.6 2 58 4.6 +0.7
PBP Invesco S&P 500 BuyWrite ETF 47.3 49 11 4.3 +0.4
SCHX Schwab U.S. Large-Cap ETF 47.3 3 57 4.6 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.1 9 51 4.8 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 46.8 15 45 4.4 +0.5
SFY SoFi Select 500 ETF 46.8 0 60 4.6 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 46.6 27 33 4.6 +0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 46.6 4 56 3.6 -0.3
IVW iShares S&P 500 Growth ETF 46.6 18 42 3.5 -0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 46.6 60 0 4.4 +0.4
JHML John Hancock Multifactor Large Cap ETF 46.5 29 31 4.9 +0.9
SPY SPDR S&P 500 ETF Trust 46.1 9 51 4.7 +0.7
SPLG SPDR Portfolio Large Cap ETF 46.1 3 57 4.7 +0.8
IVV iShares Core S&P 500 ETF 46.0 3 57 4.7 +0.8
SCHK Schwab 1000 Index ETF 46.0 5 55 4.6 +0.6
IYY iShares Dow Jones U.S. ETF 45.9 20 40 4.4 +0.5
IWB iShares Russell 1000 ETF 45.9 15 45 4.5 +0.5
IUSG iShares Core S&P US Growth ETF 45.8 4 56 3.6 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 45.8 29 31 4.6 +0.6
MGC Vanguard Mega Cap Index Fund 45.5 7 53 4.6 +0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.3 20 40 4.8 +0.8
VOO VANGUARD S&P 500 ETF 45.3 3 57 4.8 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 45.2 0 60 4.4 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 45.0 12 48 4.0 +0.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 45.0 15 45 4.7 +0.7
VTHR Vanguard Russell 3000 Index Fund 44.9 10 50 4.4 +0.4
IWL iShares Russell Top 200 ETF 44.9 15 45 4.4 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 44.7 60 0 3.6 -0.4
IWY iShares Russell Top 200 Growth ETF 44.7 20 40 3.5 -0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.0 20 40 4.6 +0.6
FTEC Fidelity MSCI Information Technology Index ETF 43.9 8 52 3.9 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 43.8 27 33 4.3 +0.4
SCHB Schwab U.S. Broad Market ETF 43.8 3 57 4.5 +0.5
MTUM iShares MSCI USA Momentum Factor ETF 43.7 15 45 2.3 -1.7
MGK Vanguard Mega Cap Growth ETF 43.6 7 53 3.6 -0.3
VGT Vanguard Information Technology Index Fund 43.6 10 50 3.9 -0.1
EFIV SPDR S&P 500 ESG ETF 43.6 10 50 4.6 +0.6
SNPE Xtrackers S&P 500 ESG ETF 43.6 10 50 4.6 +0.6
IWV iShares Russell 3000 ETF 43.6 20 40 4.3 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 43.5 3 57 4.4 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 43.5 3 57 4.8 +0.8
QUS SPDR MSCI USA StrategicFactors ETF 43.4 15 45 5.3 +1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 43.1 75 -15 3.5 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 42.8 8 52 5.9 +2.0
VONE Vanguard Russell 1000 ETF 42.7 8 52 4.6 +0.6
QYLD Global X NASDAQ 100 Covered Call ETF 42.7 60 0 3.1 -0.8
VTI Vanguard Total Stock Market Index Fund 42.6 3 57 4.4 +0.5
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 42.5 60 0 3.1 -0.9
NUSI Nationwide Risk-Managed Income ETF 42.5 68 -8 3.1 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 42.3 32 28 4.5 +0.5
HIPR Direxion High Growth ETF 42.3 40 20 3.8 -0.2
QQQM Invesco NASDAQ 100 ETF 42.2 15 45 3.5 -0.5
QQQ Invesco QQQ Trust 42.2 20 40 3.4 -0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 42.2 21 39 2.8 -1.1
TMFC Motley Fool 100 Index ETF 42.0 50 10 3.0 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 41.3 49 11 3.4 -0.6
DFAU Dimensional US Core Equity Market ETF 41.3 12 48 4.7 +0.7
XLK Technology Select Sector SPDR Fund 41.1 13 47 4.2 +0.2
JMOM JPMorgan U.S. Momentum Factor ETF 40.0 12 48 3.0 -1.0
RESP WisdomTree US ESG Fund of Benef Interest 39.5 28 32 5.0 +1.1
SUSA iShares MSCI USA ESG Select ETF 39.4 25 35 4.2 +0.3
IYW iShares U.S. Technology ETF 38.6 43 17 3.3 -0.6
IXN iShares Global Tech ETF 38.5 46 14 3.7 -0.2
OEF iShares S&P 100 ETF 38.4 20 40 4.2 +0.2
DIVB iShares U.S. Dividend & Buyback ETF 38.3 25 35 5.9 +2.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.8 19 41 5.3 +1.4
AVUS Avantis U.S. Equity ETF 37.7 15 45 4.8 +0.9
QUAL iShares MSCI Usa Quality Factor ETF 37.5 15 45 5.0 +1.0
RECS Columbia Research Enhanced Core ETF 37.2 15 45 5.1 +1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.1 9 51 5.0 +1.1
AFLG First Trust Active Factor Large Cap ETF 36.5 55 5 4.7 +0.7
NULC Nuveen ESG Large-Cap ETF 36.4 20 40 4.2 +0.3
JQUA JPMorgan U.S. Quality Factor ETF 36.3 12 48 5.1 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 36.2 28 32 6.1 +2.2
KOKU Xtrackers MSCI Kokusai Equity ETF 35.9 9 51 5.0 +1.1
TOK iShares MSCI Kokusai ETF 35.9 25 35 4.9 +0.9
TECB iShares US Tech Breakthrough Multisector ETF 35.7 40 20 3.5 -0.5
IUS Invesco Strategic US ETF 35.7 19 41 5.5 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 35.7 49 11 4.7 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 35.3 28 32 6.0 +2.1

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.2 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.