VictoryShares Dividend Accelerator ETF
ALTAR
Score™
5.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.5x P/Sales
ratio
2.0x
P/BV
ratio
3.9x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VictoryShares Dividend Accelerator ETF tracks an index of dividend-paying US large- and midcap stocks with a high likelihood of future dividend growth.

FUND BASICS
Category US Equities
Fund Sponsor Victory Capital Management
Website www.vcm.com
Inception date Apr 18, 2017
Assets (mns) $233
Currency USD
Expense ratio 35 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $99,649
Large cap (>$10bn) 88.4%
Mid cap ($2-10bn) 11.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TARGET CORP 3.3 %
3M CO 3.2 %
WR BERKLEY CORP 3.0 %
XCEL ENERGY INC 2.7 %
MCDONALD'S CORP 2.7 %
INTUIT INC 2.4 %
GENTEX CORP 2.1 %
HUMANA INC 2.0 %
EMERSON ELECTRIC CO 2.0 %
POOL CORP 2.0 %
Total 25.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.4 %
IRELAND 1.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.8% 2.1% -- -- 11.3%

Market Correlations
versus... Beta R-squared
S&P500 0.85 91%
MSCI EAFE 0.82 73%
MSCI Emg. Mkts. 0.57 53%

Technical Indicators
Recent close $32.81
30d moving avg. $33.41
Annualized volatility 15.6%
Short interest (ETF) 0.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.5%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $49,701

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VSDA Expense: 35 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VSDA
Ticker Fund
Name
Overlap1
vs VSDA
(%)
Expense
ratio
(bp)
Savings
vs VSDA
(bp)
ALTAR
Score™
(%)
ALTAR
vs VSDA
(%)
TMDV ProShares Russell US Dividend Growers ETF 41.4 35 0 5.5 +0.5
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 40.5 75 -40 5.9 +0.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 40.1 35 0 6.3 +1.3
KLCD KFA Large Cap Quality Dividend Index ETF 35.1 41 -6 5.4 +0.5
VIG Vanguard Dividend Appreciation Index Fund 34.8 6 29 5.4 +0.5
PFM Invesco Dividend Achievers ETF 32.1 54 -19 5.5 +0.6
SDY SPDR S&P Dividend ETF 30.7 35 0 7.3 +2.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 30.4 43 -8 4.4 -0.6
PSET Principal Price Setters Index ETF 29.2 29 6 4.6 -0.3
FLQL Franklin LibertyQ U.S. Equity ETF 28.1 15 20 6.3 +1.4
FLLV Franklin Liberty U.S. Low Volatility ETF 28.0 29 6 5.9 +0.9
USMV iShares Edge MSCI Min Vol USA ETF 27.9 15 20 5.6 +0.6
FDLO Fidelity Low Volatility Factor ETF 26.7 29 6 5.2 +0.2
JMIN JPMorgan U.S. Minimum Volatility ETF 26.1 12 23 6.0 +1.0
SPMV Invesco S&P 500 Minimum Variance ETF 25.7 10 25 5.9 +0.9
QUS SPDR MSCI USA StrategicFactors ETF 25.6 15 20 5.9 +0.9
DFND Reality Shares DIVCON Dividend Defender ETF 25.4 144 -109 3.4 -1.6
LSLT Salt Low truBeta US Market ETF 25.0 29 6 6.1 +1.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 24.8 28 7 6.5 +1.6
LGLV SPDR Russell 1000 Low Volatility ETF 24.6 12 23 5.8 +0.8
JQUA JPMorgan U.S. Quality Factor ETF 24.6 12 23 5.3 +0.3
LVUS Hartford Multifactor Low Volatility US Equity ETF 23.9 19 16 6.2 +1.2
CCOR Core Alternative ETF 23.7 123 -88 4.4 -0.5
DGRO iShares Core Dividend Growth ETF 23.4 8 27 6.8 +1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 22.9 29 6 6.3 +1.4
QUAL iShares MSCI Usa Quality Factor ETF 22.3 15 20 5.4 +0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 21.8 25 10 6.2 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 21.5 10 25 5.3 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 21.4 10 25 5.3 +0.4
OUSA O'Shares FTSE US Quality Dividend ETF 21.1 48 -13 5.7 +0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 21.0 30 5 6.6 +1.7
QLV FlexShares US Quality Low Volatility Index Fund 20.9 22 13 4.9 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 20.9 19 16 5.7 +0.7
FQAL Fidelity Quality Factor ETF 20.8 29 6 5.5 +0.5
SPLV Invesco S&P 500 Low Volatility ETF 20.7 25 10 5.7 +0.8
SPHQ Invesco S&P 500 Quality ETF 20.4 15 20 4.6 -0.4
USDY Pacific Global US Equity Income ETF 20.4 29 6 7.5 +2.5
BKLC BNY Mellon US Large Cap Core Equity ETF 20.3 0 35 5.2 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 20.3 28 7 6.5 +1.5
MGC Vanguard Mega Cap Index Fund 20.2 7 28 5.2 +0.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 20.1 75 -40 6.2 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 20.0 27 8 5.0 -0.0
ECOZ TrueMark ESG Active Opportunities ETF 20.0 58 -23 4.3 -0.7
RAFE PIMCO RAFI ESG U.S. ETF 19.9 29 6 8.0 +3.0
IWL iShares Russell Top 200 ETF 19.9 15 20 5.0 +0.1
DEF Invesco Defensive Equity ETF 19.9 55 -20 5.1 +0.1
JMOM JPMorgan U.S. Momentum Factor ETF 19.8 12 23 3.8 -1.2
KRMA Global X Conscious Companies ETF 19.6 43 -8 5.2 +0.2
DSI iShares MSCI KLD 400 Social ETF 19.6 25 10 5.1 +0.2
SNPE Xtrackers S&P 500 ESG ETF 19.6 11 24 5.1 +0.1
PBP Invesco S&P 500 BuyWrite ETF 19.6 49 -14 5.0 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.5 20 15 4.9 -0.0
CLRG IQ Chaikin U.S. Large Cap ETF 19.4 25 10 6.1 +1.2
ACIO Aptus Collared Income Opportunity ETF 19.4 79 -44 4.4 -0.6
FVL First Trust Value Line 100 Exchange-Traded Fund 19.3 70 -35 5.2 +0.2
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 19.3 35 0 6.9 +1.9
SPLG SPDR Portfolio Large Cap ETF 19.3 3 32 5.4 +0.5
SPY SPDR S&P 500 ETF Trust 19.2 9 26 5.4 +0.4
VOO VANGUARD S&P 500 ETF 19.2 3 32 5.4 +0.5
IVV iShares Core S&P 500 ETF 19.2 4 31 5.4 +0.5
DTD WisdomTree U.S.Total Dividend Fund 19.2 28 7 6.8 +1.8
HSPX Global X S&P 500 Covered Call ETF 19.2 65 -30 4.9 -0.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 19.2 60 -25 6.3 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 19.1 9 26 5.5 +0.6
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 19.0 59 -24 3.6 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 19.0 15 20 5.1 +0.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 19.0 70 -35 4.8 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 19.0 27 8 5.3 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.9 20 15 5.4 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 18.9 32 3 5.1 +0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 18.8 37 -2 5.9 +1.0
EPS WisdomTree U.S. Earnings 500 Fund 18.8 8 27 6.6 +1.6
YLDE ClearBridge Dividend Strategy ESG ETF 18.8 60 -25 5.1 +0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 18.8 7 28 5.2 +0.2
NULC Nuveen ESG Large-Cap ETF 18.7 20 15 5.0 +0.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 18.7 49 -14 4.1 -0.9
QWLD SPDR MSCI World StrategicFactors ETF 18.6 30 5 6.2 +1.2
VYM Vanguard High Dividend Yield Index ETF 18.6 6 29 7.6 +2.6
VV Vanguard Large-Cap Index Fund 18.6 4 31 5.3 +0.3
VOOV Vanguard S&P 500 Value ETF 18.6 15 20 7.6 +2.6
PBUS Invesco PureBeta MSCI USA ETF 18.6 4 31 5.3 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.5 2 33 5.3 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 18.5 4 31 7.6 +2.6
IVE iShares S&P 500 Value ETF 18.5 18 17 7.5 +2.5
SPTM SPDR Portfolio Total Stock Market ETF 18.4 3 32 5.5 +0.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.4 52 -17 5.0 +0.1
ROUS Hartford Multifactor US Equity ETF 18.4 19 16 7.5 +2.5
SCHX Schwab U.S. Large-Cap ETF 18.3 3 32 5.3 +0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.3 75 -40 3.7 -1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.3 12 23 4.9 -0.1
AFLG First Trust Active Factor Large Cap ETF 18.3 55 -20 5.6 +0.6
SPXT ProShares S&P 500 Ex-Technology ETF 18.3 27 8 5.7 +0.8
JKD iShares Morningstar Large-Cap ETF 18.3 20 15 5.7 +0.7
OEF iShares S&P 100 ETF 18.2 20 15 4.8 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 18.2 4 31 7.4 +2.4
DIVB iShares U.S. Dividend & Buyback ETF 18.2 25 10 6.7 +1.8
EDOW First Trust Dow 30 Equal Weight ETF 18.2 50 -15 6.1 +1.2
DIA SPDR Dow Jones Industrial Average ETF Trust 18.2 16 19 5.7 +0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 18.1 25 10 6.7 +1.7
JHML John Hancock Multifactor Large Cap ETF 18.0 29 6 5.6 +0.7

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
VictoryShares Dividend Accelerator 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 19.7 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.52
 
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.