Virtus WMC Global Factor Opportunities ETF
ALTAR
Score™
8.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.7x P/Sales
ratio
1.1x
P/BV
ratio
1.3x Div.
yield
5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund invests primarily in equity securities of U.S. and foreign issuers, including emerging markets issuers, of any market capitalization.

FUND BASICS
Category Global Equities
Fund Sponsor Virtus
Website www.virtus.com
Inception date Oct 10, 2017
Assets (mns) $5
Currency USD
Expense ratio 49 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 206
Wgt avg mkt cap (mns) $65,412
Large cap (>$10bn) 78.3%
Mid cap ($2-10bn) 21.0%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MIZUHO FINANCIAL GROUP INC 3.9 %
PCCW LIMITED 2.2 %
NESTLE SA-REG 2.1 %
JAPAN TOBACCO INC 2.1 %
NOVARTIS AG-REG 2.0 %
ROCHE HOLDING AG-GENUSSCHEIN 2.0 %
AVIVA PLC 1.9 %
AXA SA 1.7 %
BCE INC. 1.6 %
BRITISH AMERICAN TOBACCO PLC 1.6 %
Total 21.1 %

TOP COUNTRY EXPOSURE
JAPAN 25.7 %
BRITAIN 12.2 %
SWITZERLAND 10.6 %
HONG KONG 9.4 %
CANADA 9.3 %
GERMANY 6.0 %
FRANCE 5.8 %
SINGAPORE 4.6 %
SPAIN 4.4 %
NETHERLANDS 3.3 %

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.
-6.9% -0.1% -- -- 2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.93 93%
MSCI EAFE 1.02 93%
MSCI Emg. Mkts. 0.73 74%

Technical Indicators
Recent close $25.12
30d moving avg. $25.94
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $13,595

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Virtus WMC Global Factor Opportunities ETF ETF based on the alternatives' overlap in portfolio holdings with VGFO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VGFO Expense: 49 bp ALTAR Score™: 8.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VGFO
Ticker Fund
Name
Overlap1
vs VGFO
(%)
Expense
ratio
(bp)
Savings
vs VGFO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VGFO
(%)
DOL WisdomTree International LargeCap Dividend Fund 44.6 48 1 8.7 +0.7
DWM WisdomTree International Equity Fund 40.1 48 1 8.3 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 40.1 35 14 8.6 +0.6
DTH WisdomTree DEFA Equity Income Fund 37.8 58 -9 9.9 +2.0
IDY Pacific Global International Equity Income ETF 37.1 39 10 8.0 +0.0
LVHI Legg Mason International Low Volatility High Dividend ETF 37.0 40 9 9.5 +1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 36.5 30 19 6.7 -1.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 36.1 20 29 5.3 -2.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 34.6 80 -31 6.5 -1.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 34.4 30 19 8.2 +0.2
BKIE BNY Mellon International Equity ETF 34.2 4 45 7.4 -0.6
DOO WisdomTree International Dividend ex-Financials Fund 33.4 58 -9 9.0 +1.1
VYMI Vanguard International High Dividend Yield ETF 33.3 27 22 10.2 +2.2
EFV iShares MSCI EAFE Value ETF 33.2 39 10 9.6 +1.6
EFA iShares MSCI EAFE ETF 32.9 32 17 7.0 -1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 32.8 45 4 8.9 +0.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 32.6 45 4 11.1 +3.1
GSID Goldman Sachs MarketBeta International Equity ETF 32.5 20 29 7.3 -0.7
PDEV Principal International Multi-Factor Core Index ETF 32.2 25 24 7.9 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 31.9 35 14 6.9 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 31.7 20 29 7.0 -1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 31.0 20 29 7.4 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 30.7 25 24 6.7 -1.3
SCHF Schwab International Equity ETF 30.7 6 43 7.3 -0.7
JHMD John Hancock Multifactor Developed International ETF 30.7 39 10 7.3 -0.7
ESGD iShares MSCI EAFE ESG Optimized ETF 30.7 20 29 6.9 -1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 30.2 7 42 7.4 -0.6
IDLV Invesco S&P International Developed Low Volatility ETF 29.9 25 24 6.3 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 29.7 25 24 8.9 +0.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 29.3 45 4 6.9 -1.1
CIL VictoryShares International Volatility Weighted Index ETF 29.2 45 4 6.9 -1.1
IEFA iShares Core MSCI EAFE ETF 29.1 7 42 7.3 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 28.8 32 17 6.0 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 28.7 5 44 7.2 -0.8
FIVA Fidelity International Value Factor ETF 28.6 39 10 10.0 +2.0
DWMF WisdomTree International Multifactor Fund 28.4 38 11 6.2 -1.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 28.2 47 2 9.2 +1.2
IEV iShares Europe ETF 27.9 59 -10 7.0 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 27.9 4 45 7.1 -0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 27.8 14 35 6.8 -1.2
VEA Vanguard FTSE Developed Markets ETF 27.7 5 44 7.4 -0.6
FLEE Franklin FTSE Europe ETF 27.7 9 40 7.1 -0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 27.6 45 4 6.8 -1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 27.5 20 29 10.0 +2.0
FLEH Franklin FTSE Europe Hedged ETF 27.2 9 40 7.2 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 27.1 39 10 6.6 -1.4
BBEU JPMorgan BetaBuilders Europe ETF 27.1 9 40 7.5 -0.5
IQSI IQ Candriam ESG International Equity ETF 26.9 15 34 7.4 -0.6
VGK Vanguard FTSE Europe ETF 26.5 8 41 7.5 -0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.5 25 24 6.5 -1.5
IEUR iShares Core MSCI Europe ETF 26.4 9 40 7.3 -0.6
IQIN IQ 500 International ETF 26.4 25 24 8.7 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.3 29 20 7.8 -0.2
IQDF FlexShares International Quality Dividend Index Fund 26.3 47 2 9.1 +1.1
FEU SPDR Portfolio Europe ETF 26.1 9 40 7.4 -0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 26.0 29 20 7.8 -0.2
FDEV Fidelity Targeted International Factor ETF 25.7 39 10 6.5 -1.5
RNDM Developed International Equity Select ETF 25.7 65 -16 6.1 -1.9
OEUR O'shares FTSE Europe Quality Dividend ETF 25.6 48 1 6.9 -1.1
CWI SPDR MSCI ACWI ex-US ETF 25.2 30 19 7.3 -0.7
IVLU iShares Edge MSCI Intl Value Factor ETF 24.9 30 19 11.1 +3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 24.8 40 9 7.1 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 24.8 32 17 7.3 -0.7
RBIN Nationwide Risk-Based International Equity ETF 24.5 42 7 6.1 -1.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 24.5 20 29 11.6 +3.6
IDV iShares International Select Dividend ETF 24.4 49 0 10.8 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 23.8 8 41 7.6 -0.4
ISDX Invesco Strategic Developed ex-US ETF 23.7 23 26 7.5 -0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.7 30 19 6.1 -1.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 23.5 16 33 6.9 -1.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 23.1 35 14 6.8 -1.2
MVIN Natixis Seeyond International Minimum Volatility ETF 23.0 56 -7 5.6 -2.4
FIDI Fidelity International High Dividend ETF 22.3 39 10 11.6 +3.6
JPIN JPMorgan Diversified Return International Equity ETF 22.3 37 12 7.8 -0.2
VSGX Vanguard ESG International Stock ETF 22.1 17 32 7.1 -0.9
IGRO iShares International Dividend Growth ETF 22.0 22 27 8.4 +0.4
IXUS ishares Core MSCI Total International Stock ETF 21.9 9 40 7.4 -0.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 21.6 59 -10 12.7 +4.7
EFAS Global X MSCI SuperDividend EAFE ETF 21.6 56 -7 9.9 +1.9
VXUS Vanguard Total International Stock Index Fund 21.2 8 41 7.6 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 21.2 39 10 8.3 +0.3
FID First Trust S&P International Dividend Aristocrats ETF 20.8 60 -11 10.1 +2.1
WDIV SPDR Global Dividend ETF 20.6 40 9 10.1 +2.1
IDOG ALPS International Sector Dividend Dogs ETF 20.2 50 -1 11.5 +3.5
IPAC iShares Core MSCI Pacific ETF 20.2 9 40 7.0 -1.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 19.8 25 24 6.9 -1.1
ISZE iShares Edge MSCI Intl Size Factor ETF 19.8 30 19 7.2 -0.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 19.3 35 14 8.6 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 19.3 47 2 9.4 +1.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.2 30 19 4.4 -3.6
EWJ iShares MSCI Japan ETF 19.1 49 0 6.7 -1.3
QINT American Century Quality Diversified International ETF 19.0 39 10 6.2 -1.8
TPIF Timothy Plan International ETF 18.9 62 -13 6.3 -1.7
IDHQ Invesco S&P International Developed Quality ETF 18.9 29 20 5.0 -3.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.8 45 4 6.7 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 18.8 30 19 6.2 -1.8
FLJP Franklin FTSE Japan ETF 18.7 9 40 7.1 -0.8

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:
Virtus WMC Global Factor Opportunities 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 10.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.50
 
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.