VictoryShares Dividend Accelerator ETF
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.7x P/Sales
ratio
2.3x
P/BV
ratio
4.2x Div.
yield
1.8%


  • 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) $322
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 74
Wgt avg mkt cap (mns) $111,704
Large cap (>$10bn) 85.6%
Mid cap ($2-10bn) 14.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TARGET CORP 3.4 %
MCDONALD'S CORP 2.9 %
XCEL ENERGY INC 2.8 %
WR BERKLEY CORP 2.8 %
3M CO 2.4 %
EMERSON ELECTRIC CO 2.3 %
HUMANA INC 2.1 %
GENTEX CORP 2.1 %
COLGATE-PALMOLIVE CO 2.0 %
NIKE INC -CL B 2.0 %
Total 24.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
IRELAND 1.6 %









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.
12.7% 12.7% -- -- 15.9%

Market Correlations
versus... Beta R-squared
S&P500 0.84 92%
MSCI EAFE 0.77 76%
MSCI Emg. Mkts. 0.58 55%

Technical Indicators
Recent close $39.48
30d moving avg. $39.43
Annualized volatility 16.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 30
Turnover 0.4%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $34,187

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.6%


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 41.0 36 -1 5.2 +0.6
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 39.8 75 -40 5.3 +0.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 39.2 35 0 5.7 +1.1
VIG Vanguard Dividend Appreciation Index Fund 35.7 6 29 5.0 +0.3
PFM Invesco Dividend Achievers ETF 33.2 53 -18 5.0 +0.4
FDLO Fidelity Low Volatility Factor ETF 31.1 29 6 4.9 +0.3
FLLV Franklin Liberty U.S. Low Volatility ETF 29.9 29 6 4.9 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 29.4 48 -13 5.5 +0.8
FTCS First Trust Capital Strength ETF 28.8 58 -23 5.0 +0.4
SDY SPDR S&P Dividend ETF 28.7 35 0 6.4 +1.7
PSET Principal Price Setters Index ETF 28.3 15 20 4.6 -0.0
SPMV Invesco S&P 500 Minimum Variance ETF 27.4 10 25 5.5 +0.8
FLQL Franklin LibertyQ U.S. Equity ETF 26.8 15 20 5.9 +1.3
QUAL iShares MSCI Usa Quality Factor ETF 26.7 15 20 5.0 +0.3
USMV iShares Edge MSCI Min Vol USA ETF 26.2 15 20 5.3 +0.7
KLCD KFA Large Cap Quality Dividend Index ETF 25.9 42 -7 5.1 +0.4
LSLT Salt Low truBeta US Market ETF 25.9 60 -25 5.7 +1.1
CCOR Core Alternative ETF 25.6 109 -74 4.2 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 25.3 15 20 5.3 +0.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 25.3 28 7 6.0 +1.4
LGLV SPDR Russell 1000 Low Volatility ETF 24.7 12 23 5.2 +0.6
DGRO iShares Core Dividend Growth ETF 24.6 8 27 6.0 +1.3
JQUA JPMorgan U.S. Quality Factor ETF 23.4 12 23 5.0 +0.4
SPLV Invesco S&P 500 Low Volatility ETF 23.4 25 10 5.5 +0.9
LEAD Reality Shares DIVCON Leaders Dividend ETF 23.2 43 -8 4.8 +0.2
VOOV Vanguard S&P 500 Value ETF 22.6 10 25 6.6 +2.0
DFND Reality Shares DIVCON Dividend Defender ETF 22.5 144 -109 3.9 -0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 21.9 12 23 5.3 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 21.9 28 7 6.1 +1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 21.8 25 10 5.6 +1.0
SIXA 6 Meridian Mega Cap Equity ETF 21.6 82 -47 5.8 +1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 21.5 10 25 4.8 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 21.5 10 25 4.8 +0.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 21.4 70 -35 4.8 +0.2
SPQQ Siren Large Cap Blend Index ETF 21.4 20 15 4.2 -0.4
DSTL Distillate US Fundamental Stability & Value ETF 21.0 39 -4 5.7 +1.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 20.9 15 20 4.6 -0.0
QLV FlexShares US Quality Low Volatility Index Fund 20.9 22 13 4.3 -0.3
DTD WisdomTree U.S.Total Dividend Fund 20.7 28 7 6.2 +1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 20.5 30 5 5.0 +0.4
ESGV Vanguard ESG U.S. Stock ETF 20.4 12 23 4.5 -0.2
JKD iShares Morningstar Large-Cap ETF 20.3 20 15 4.7 +0.1
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 20.2 35 0 6.5 +1.9
MGC Vanguard Mega Cap Index Fund 20.0 7 28 4.6 -0.1
RAFE PIMCO RAFI ESG U.S. ETF 19.9 30 5 6.7 +2.1
FQAL Fidelity Quality Factor ETF 19.9 29 6 5.0 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 19.8 4 31 6.4 +1.8
IVE iShares S&P 500 Value ETF 19.8 18 17 6.3 +1.6
MGV Vanguard Mega Cap Value ETF 19.7 7 28 6.5 +1.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 19.7 12 23 4.9 +0.3
VYM Vanguard High Dividend Yield Index ETF 19.7 6 29 6.7 +2.0
IQSU IQ Candriam ESG US Equity ETF 19.6 9 26 4.5 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 19.6 19 16 5.3 +0.6
EFIV SPDR S&P 500 ESG ETF 19.6 10 25 4.6 -0.1
SNPE Xtrackers S&P 500 ESG ETF 19.5 10 25 4.6 -0.1
IWL iShares Russell Top 200 ETF 19.5 15 20 4.4 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 19.3 8 27 5.9 +1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 19.1 0 35 4.4 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.1 20 15 4.6 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 19.1 27 8 4.3 -0.3
DSI iShares MSCI KLD 400 Social ETF 18.9 25 10 4.5 -0.1
ACIO Aptus Collared Income Opportunity ETF 18.8 79 -44 3.8 -0.8
IUSV iShares Core S&P U.S. Value ETF 18.8 4 31 6.4 +1.8
SCHV Schwab U.S. Large-Cap Value ETF 18.8 4 31 6.1 +1.4
CLRG IQ Chaikin U.S. Large Cap ETF 18.7 25 10 5.0 +0.4
SPHQ Invesco S&P 500 Quality ETF 18.6 15 20 4.4 -0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 18.6 75 -40 3.5 -1.2
PBP Invesco S&P 500 BuyWrite ETF 18.5 49 -14 4.3 -0.3
VTV Vanguard Value Index Fund 18.4 4 31 6.6 +1.9
DEF Invesco Defensive Equity ETF 18.3 55 -20 5.2 +0.6
YLDE ClearBridge Dividend Strategy ESG ETF 18.3 60 -25 4.4 -0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.3 60 -25 3.6 -1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 18.3 60 -25 4.4 -0.3
OEF iShares S&P 100 ETF 18.2 20 15 4.2 -0.5
FLRG Fidelity U.S. Multifactor ETF 18.1 29 6 5.8 +1.2
ESGU iShares MSCI USA ESG Optimized ETF 18.0 15 20 4.4 -0.2
SPY SPDR S&P 500 ETF Trust 18.0 9 26 4.7 +0.0
IVV iShares Core S&P 500 ETF 18.0 3 32 4.7 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.0 20 15 4.8 +0.1
SPLG SPDR Portfolio Large Cap ETF 18.0 3 32 4.7 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 17.9 27 8 4.9 +0.2
EDOW First Trust Dow 30 Equal Weight ETF 17.8 50 -15 5.2 +0.5
DIA SPDR Dow Jones Industrial Average ETF Trust 17.8 16 19 5.0 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.8 9 26 4.8 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 17.8 25 10 5.9 +1.3
FMK First Trust Mega Cap AlphaDEX Fund 17.7 70 -35 5.0 +0.4
VOO VANGUARD S&P 500 ETF 17.7 3 32 4.8 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 17.6 30 5 5.4 +0.7
KRMA Global X Conscious Companies ETF 17.6 43 -8 4.9 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 17.6 27 8 4.6 -0.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.5 15 20 5.8 +1.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 17.5 25 10 5.8 +1.2
IEDI iShares Evolved U.S. Discretionary Spending ETF 17.5 18 17 3.4 -1.3
FVD First Trust Value Line Dividend Index Fund 17.5 70 -35 5.8 +1.1
IWX iShares Russell Top 200 Value ETF 17.4 20 15 6.1 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 17.4 7 28 4.5 -0.1
RWL Invesco S&P 500 Revenue ETF 17.4 39 -4 6.3 +1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.3 49 -14 3.4 -1.3

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:
VictoryShares Dividend Accelerator 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 18.8 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.