Volshares Large Capital ETF
ALTAR
Score™
8.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.3x P/Sales
ratio
1.4x
P/BV
ratio
1.8x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Volshares Large Cap ETF tracks an equal-weighted index of US large-cap equities determined to have the best probability of short-term appreciation. The fund is rebalanced weekly.

FUND BASICS
Category US Equities
Fund Sponsor Whitford Asset Management
Website www.volsharesetfs.com
Inception date Feb 23, 2018
Assets (mns) $3
Currency USD
Expense ratio 65 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
Wgt avg mkt cap (mns) $61,107
Large cap (>$10bn) 84.5%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CERNER CORP 4.2 %
CITRIX SYSTEMS INC 4.2 %
FORTINET INC 4.2 %
BAXTER INTERNATIONAL INC 4.1 %
MOODY'S CORP 4.1 %
EXTRA SPACE STORAGE INC 4.1 %
S&P GLOBAL, INC. 4.1 %
JOHNSON & JOHNSON 4.1 %
PUBLIC SERVICE ENTERPRISE GP 4.1 %
EXPEDITORS INTL WASH INC 4.0 %
Total 41.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.7 %
BRITAIN 3.9 %
IRELAND 3.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.3% 13.6% -- -- 12.8%

Market Correlations
versus... Beta R-squared
S&P500 1.19 87%
MSCI EAFE 1.24 80%
MSCI Emg. Mkts. 0.99 73%

Technical Indicators
Recent close $30.60
30d moving avg. $28.63
Annualized volatility 24.5%
Short interest (ETF) 0.5%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $10,900

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Volshares Large Capital ETF ETF based on the alternatives' overlap in portfolio holdings with VSL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VSL Expense: 65 bp ALTAR Score™: 8.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VSL
Ticker Fund
Name
Overlap1
vs VSL
(%)
Expense
ratio
(bp)
Savings
vs VSL
(bp)
ALTAR
Score™
(%)
ALTAR
vs VSL
(%)
RTH VanEck Vectors Retail ETF 13.9 35 30 5.0 -3.0
VIG Vanguard Dividend Appreciation Index Fund 13.6 6 59 5.2 -2.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 13.5 35 30 6.8 -1.2
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 12.5 60 5 3.4 -4.6
REVS Columbia Research Enhanced Value ETF 12.3 19 46 7.6 -0.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 12.0 75 -10 6.1 -1.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 11.3 43 22 4.4 -3.6
IYC iShares U.S. Consumer Services ETF 11.2 42 23 4.2 -3.8
PFM Invesco Dividend Achievers ETF 11.1 54 11 5.4 -2.5
XLF Financial Select Sector SPDR Fund 10.8 13 52 8.2 +0.3
RYF Invesco S&P 500 Equal Weight Financials ETF 10.7 40 25 9.9 +2.0
IEDI iShares Evolved U.S. Discretionary Spending ETF 10.7 18 47 3.9 -4.1
ALFA AlphaClone Alternative Alpha ETF 10.7 65 0 3.8 -4.1
FTXD First Trust Nasdaq Retail ETF 10.6 60 5 5.9 -2.0
SPLV Invesco S&P 500 Low Volatility ETF 10.5 25 40 5.7 -2.3
DVP Deep Value ETF 10.4 59 6 16.3 +8.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 10.4 70 -5 4.8 -3.2
JKF iShares Morningstar Large Cap Value ETF 10.4 25 40 7.8 -0.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 10.3 7 58 6.7 -1.2
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 10.3 75 -10 5.8 -2.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 10.3 35 30 6.2 -1.8
STLV iShares Factors US Value Style ETF 10.1 25 40 8.1 +0.2
XLP Consumer Staples Select Sector SPDR Fund 10.0 13 52 5.4 -2.5
VDC Vanguard Consumer Staples Index Fund 9.9 10 55 5.4 -2.5
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 9.8 60 5 3.1 -4.9
IYG iShares US Financial Services ETF 9.7 42 23 6.8 -1.1
FSTA Fidelity MSCI Consumer Staples Index ETF 9.7 8 57 5.4 -2.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 9.6 12 53 4.9 -3.1
VFH Vanguard Financials Index Fund 9.6 10 55 8.8 +0.8
JHMS John Hancock Multifactor Consumer Staples ETF 9.5 40 25 5.9 -2.0
TMDV ProShares Russell US Dividend Growers ETF 9.4 35 30 5.3 -2.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 9.4 29 36 4.4 -3.6
FNCL Fidelity MSCI Financials Index ETF 9.3 8 57 8.8 +0.8
RWL Invesco S&P 500 Revenue ETF 9.2 39 26 6.9 -1.1
EDOW First Trust Dow 30 Equal Weight ETF 9.2 50 15 5.9 -2.0
ECOZ TrueMark ESG Active Opportunities ETF 9.1 58 7 4.5 -3.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 9.1 49 16 5.5 -2.5
KXI iShares Global Consumer Staples ETF 9.0 46 19 5.4 -2.6
FMK First Trust Mega Cap AlphaDEX Fund 9.0 70 -5 5.3 -2.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 9.0 19 46 5.7 -2.2
RECS Columbia Research Enhanced Core ETF 8.8 15 50 5.7 -2.2
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 8.7 40 25 6.3 -1.7
DEF Invesco Defensive Equity ETF 8.7 55 10 5.1 -2.9
QVM Arrow QVM Equity Factor ETF 8.7 65 0 5.2 -2.8
SYV SPDR MFS Systematic Value Equity ETF 8.6 60 5 7.4 -0.5
SYE SPDR MFS Systematic Core Equity ETF 8.6 60 5 6.0 -2.0
LSLT Salt Low truBeta US Market ETF 8.6 0 65 7.2 -0.8
IWX iShares Russell Top 200 Value ETF 8.6 20 45 7.1 -0.9
DIA SPDR Dow Jones Industrial Average ETF Trust 8.5 16 49 5.7 -2.3
IHAK iShares Cybersecurity & Tech ETF 8.4 47 18 3.6 -4.4
SPVU Invesco S&P 500 Enhanced Value ETF 8.3 13 52 11.1 +3.2
CWS AdvisorShares Focused Equity ETF 8.3 85 -20 5.4 -2.6
FLQL Franklin LibertyQ U.S. Equity ETF 8.2 15 50 6.4 -1.6
DFND Reality Shares DIVCON Dividend Defender ETF 8.2 121 -56 3.6 -4.4
VYM Vanguard High Dividend Yield Index ETF 8.2 6 59 7.3 -0.7
LRGF iShares Edge MSCI Multifactor USA ETF 8.1 20 45 7.0 -0.9
RAFE PIMCO RAFI ESG U.S. ETF 8.0 29 36 7.8 -0.2
FTXH First Trust Nasdaq Pharmaceuticals ETF 8.0 60 5 7.2 -0.8
XPH SPDR S&P Pharmaceuticals ETF 8.0 35 30 4.8 -3.2
MGV Vanguard Mega Cap Value ETF 7.9 7 58 7.2 -0.7
IHE iShares U.S. Pharmaceuticals ETF 7.8 42 23 5.3 -2.7
RDVY First Trust Rising Dividend Achievers ETF 7.8 50 15 7.9 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 7.7 4 61 7.2 -0.8
PWV Invesco Dynamic Large Cap Value ETF 7.7 55 10 8.4 +0.4
PXQ Invesco Dynamic Networking ETF 7.7 63 2 2.8 -5.2
QDF FlexShares Quality Dividend Index Fund 7.7 37 28 7.0 -1.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 7.7 15 50 4.8 -3.2
PWB Invesco Dynamic Large Cap Growth ETF 7.6 55 10 3.5 -4.5
PSJ Invesco Dynamic Software ETF 7.6 58 7 2.8 -5.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 7.6 29 36 6.2 -1.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 7.5 60 5 6.2 -1.8
VTV Vanguard Value Index Fund 7.5 4 61 7.4 -0.6
AFLG First Trust Active Factor Large Cap ETF 7.5 55 10 5.6 -2.3
FTCS First Trust Capital Strength ETF 7.5 60 5 4.9 -3.1
KBWB Invesco KBW Bank ETF 7.5 35 30 9.8 +1.8
FQAL Fidelity Quality Factor ETF 7.4 29 36 5.5 -2.5
ACIO Aptus Collared Income Opportunity ETF 7.4 79 -14 4.5 -3.4
IEFN iShares Evolved U.S. Financials ETF 7.4 18 47 9.2 +1.3
SPYV SPDR Portfolio S&P 500 Value ETF 7.3 4 61 7.4 -0.6
IVE iShares S&P 500 Value ETF 7.3 18 47 7.3 -0.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 7.3 19 46 6.0 -1.9
SDOG ALPS Sector Dividend Dogs ETF 7.3 40 25 10.3 +2.4
KCE SPDR S&P Capital Markets ETF 7.3 35 30 8.2 +0.2
QLC FlexShares US Quality Large Cap Index Fund 7.2 32 33 5.6 -2.3
JHMF John Hancock Multifactor Financials ETF 7.2 40 25 7.8 -0.2
SPHQ Invesco S&P 500 Quality ETF 7.2 15 50 5.2 -2.8
NUMG Nuveen ESG Mid-Cap Growth ETF 7.2 40 25 3.2 -4.8
AUSF Global X Adaptive U.S. Factor ETF 7.2 27 38 8.1 +0.2
RTM Invesco S&P 500 Equal Weight Materials ETF 7.2 40 25 6.5 -1.5
PFI Invesco DWA Financial Momentum ETF 7.2 60 5 3.6 -4.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 7.1 57 8 5.2 -2.8
LVHD Legg Mason Low Volatility High Dividend ETF 7.0 27 38 8.8 +0.8
VOOV Vanguard S&P 500 Value ETF 7.0 15 50 7.3 -0.7
DGRO iShares Core Dividend Growth ETF 7.0 8 57 6.6 -1.4
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 6.9 49 16 4.8 -3.2
IUSV iShares Core S&P U.S. Value ETF 6.9 4 61 7.5 -0.5
SPGP Invesco S&P 500 GARP ETF 6.8 35 30 7.4 -0.6
SPMV Invesco S&P 500 Minimum Variance ETF 6.8 10 55 5.8 -2.1
QUS SPDR MSCI USA StrategicFactors ETF 6.8 15 50 5.9 -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:
Volshares Large Capital 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 15.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.53
 
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.