Vident Core US Equity Fund
ALTAR
Score™
8.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.4x P/Sales
ratio
0.7x
P/BV
ratio
1.5x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vident Core US Equity ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index.

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts LLC
Website www.exchangetradedconcepts.com
Inception date Jan 22, 2014
Assets (mns) $323
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 229
Wgt avg mkt cap (mns) $30,647
Large cap (>$10bn) 35.8%
Mid cap ($2-10bn) 47.2%
Small cap (<$2bn) 16.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CERENCE INC 0.8 %
DARLING INTERNATIONAL INC 0.8 %
QUANTA SERVICES INC 0.7 %
RANGE RESOURCES CORP 0.7 %
BUILDERS FIRSTSOURCE INC 0.7 %
FIRST SOLAR INC 0.7 %
QUALCOMM INC 0.7 %
TOPBUILD CORP 0.7 %
GENERAL MOTORS CO 0.6 %
GROUP 1 AUTOMOTIVE INC 0.6 %
Total 6.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










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.
-12.4% -5.5% 5.1% -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 1.25 92%
MSCI EAFE 1.31 84%
MSCI Emg. Mkts. 0.96 70%

Technical Indicators
Recent close $29.92
30d moving avg. $29.70
Annualized volatility 23.1%
Short interest (ETF) 0.6%
Short interest (Underlying) 5.9%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.2%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $36,161

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vident Core US Equity Fund ETF based on the alternatives' overlap in portfolio holdings with VUSE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VUSE Expense: 48 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VUSE
Ticker Fund
Name
Overlap1
vs VUSE
(%)
Expense
ratio
(bp)
Savings
vs VUSE
(bp)
ALTAR
Score™
(%)
ALTAR
vs VUSE
(%)
FAB First Trust Multi Cap Value AlphaDEX Fund 29.9 71 -23 9.4 +0.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 28.2 20 28 7.5 -1.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 27.8 29 19 9.2 +0.4
ROUS Hartford Multifactor US Equity ETF 27.0 19 29 6.4 -2.5
JVAL JPMorgan U.S. Value Factor ETF 26.8 12 36 8.3 -0.5
VALQ American Century STOXX U.S. Quality Value ETF 26.6 29 19 8.9 +0.0
VFVA Vanguard U.S. Value Factor ETF 26.1 14 34 10.8 +2.0
AFMC First Trust Active Factor Mid Cap ETF 25.9 65 -17 6.2 -2.6
VFMF Vanguard U.S. Multifactor ETF 25.8 19 29 7.2 -1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 25.2 20 28 6.3 -2.6
FNK First Trust Mid Cap Value AlphaDEX Fund 24.6 70 -22 10.5 +1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 24.0 25 23 8.1 -0.7
USMF WisdomTree U.S. Multifactor Fund 23.9 28 20 5.8 -3.1
FTA First Trust Large Cap Value AlphaDEX Fund 23.9 60 -12 9.0 +0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 23.8 17 31 6.3 -2.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 23.5 20 28 6.8 -2.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 22.8 17 31 6.7 -2.1
IUS Invesco Strategic US ETF 22.7 19 29 6.4 -2.4
BUY USCF SummerHaven SHPEI Index Fund 22.3 80 -32 8.6 -0.3
VLUE iShares MSCI USA Value Factor ETF 22.2 15 33 11.4 +2.6
RWK Invesco S&P MidCap 400 Revenue ETF 22.1 39 9 7.9 -0.9
AFLG First Trust Active Factor Large Cap ETF 21.9 55 -7 5.3 -3.5
FVAL Fidelity Value Factor ETF 21.8 29 19 7.7 -1.2
JKL iShares Morningstar Small Cap Value ETF 21.6 30 18 9.8 +1.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 21.5 18 30 6.1 -2.8
ONEY SPDR Russell 1000 Yield Focus ETF 21.4 20 28 8.8 -0.0
EXT WisdomTree U.S. Total Earnings Fund 21.4 28 20 5.4 -3.4
VLU SPDR S&P 1500 Value Tilt ETF 21.4 12 36 7.3 -1.6
TUSA First Trust Total US Market AlphaDEX ETF 21.0 70 -22 5.6 -3.2
PRF Invesco FTSE RAFI US 1000 ETF 20.9 39 9 6.7 -2.1
EZM WisdomTree U.S. MidCap Earnings Fund 20.7 38 10 8.6 -0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.6 25 23 6.6 -2.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 20.5 25 23 6.7 -2.2
COWZ Pacer US Cash Cows 100 ETF 20.3 49 -1 11.7 +2.9
AVUV Avantis U.S. Small Cap Value ETF 20.2 25 23 7.8 -1.0
STLV iShares Factors US Value Style ETF 20.2 25 23 7.2 -1.7
RWL Invesco S&P 500 Revenue ETF 20.1 39 9 7.1 -1.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 20.0 30 18 7.4 -1.4
FEX First Trust Large Cap Core AlphaDEX Fund 20.0 60 -12 5.8 -3.1
FNX First Trust Mid Cap Core AlphaDEX Fund 19.9 61 -13 6.3 -2.5
SPVM Invesco S&P 500 Value with Momentum ETF 19.8 39 9 8.7 -0.1
LRGF iShares Edge MSCI Multifactor USA ETF 19.4 20 28 7.1 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 19.3 30 18 6.5 -2.3
RNLC Large Cap US Equity Select ETF 19.3 60 -12 6.0 -2.8
QSY WisdomTree U.S. LargeCap Value Fund 19.1 38 10 6.6 -2.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.0 20 28 9.1 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.0 29 19 5.9 -3.0
JDIV JPMorgan U.S. Dividend ETF 19.0 12 36 7.7 -1.1
PY Principal Shareholder Yield Index ETF 19.0 15 33 9.4 +0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 18.6 24 24 6.0 -2.9
MDYV SPDR S&P 400 Mid Cap Value ETF 18.6 15 33 8.3 -0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.4 35 13 5.6 -3.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.4 29 19 6.7 -2.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 18.4 35 13 5.6 -3.2
VAMO Cambria Value & Momentum ETF 18.2 63 -15 6.1 -2.7
REVS Columbia Research Enhanced Value ETF 18.1 19 29 7.7 -1.1
VBR Vanguard Small Cap Value Index Fund 18.0 7 41 7.9 -0.9
RSP Invesco S&P 500 Equal Weight ETF 17.9 20 28 6.4 -2.4
SCIU Global X Scientific Beta US ETF 17.9 19 29 0.0 -8.8
JKI iShares Morningstar Mid-Cap Value ETF 17.7 30 18 8.8 -0.0
VTV Vanguard Value Index Fund 17.6 4 44 7.3 -1.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.5 24 24 6.4 -2.4
IUSV iShares Core S&P U.S. Value ETF 17.4 4 44 7.4 -1.5
EPS WisdomTree U.S. Earnings 500 Fund 17.4 8 40 6.3 -2.5
FSMD Fidelity Small-Mid Factor ETF 17.4 29 19 6.2 -2.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 17.3 15 33 8.2 -0.7
AVUS Avantis U.S. Equity ETF 17.2 15 33 5.5 -3.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.2 9 39 5.4 -3.4
SMDY Syntax Stratified MidCap ETF 17.2 30 18 6.6 -2.2
RAFE PIMCO RAFI ESG U.S. ETF 17.2 29 19 7.6 -1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 17.2 25 23 6.2 -2.7
SYLD Cambria Shareholder Yield ETF 17.2 59 -11 8.6 -0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 17.1 29 19 7.4 -1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.9 19 29 6.0 -2.9
VOOV Vanguard S&P 500 Value ETF 16.9 10 38 7.2 -1.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 16.6 40 8 7.1 -1.7
JHML John Hancock Multifactor Large Cap ETF 16.6 29 19 5.4 -3.5
VONV Vanguard Russell 1000 Value Index Fund 16.5 8 40 6.9 -1.9
SPYV SPDR Portfolio S&P 500 Value ETF 16.5 4 44 7.3 -1.6
IVE iShares S&P 500 Value ETF 16.5 18 30 7.1 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 16.4 20 28 5.8 -3.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 16.4 37 11 6.0 -2.8
STMB iShares Factors US Mid Blend Style ETF 16.4 30 18 5.6 -3.3
IWD iShares Russell 1000 Value ETF 16.4 19 29 6.8 -2.0
BFOR Barron's 400 ETF 16.2 65 -17 6.4 -2.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.2 35 13 5.3 -3.5
DIVB iShares U.S. Dividend & Buyback ETF 16.1 25 23 6.8 -2.1
FUNL CornerCap Fundametrics Large-Cap ETF 16.0 50 -2 8.2 -0.7
QDF FlexShares Quality Dividend Index Fund 15.9 37 11 5.9 -2.9
IWS iShares Russell Mid-Cap Value ETF 15.8 24 24 6.8 -2.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 15.8 9 39 5.9 -3.0
SPVU Invesco S&P 500 Enhanced Value ETF 15.7 13 35 11.6 +2.7
MGV Vanguard Mega Cap Value ETF 15.6 7 41 7.2 -1.6
DON WisdomTree U.S. MidCap Dividend Fund 15.4 38 10 7.4 -1.4
AFSM First Trust Active Factor Small Cap ETF 15.4 75 -27 5.4 -3.4
VOE Vanguard Mid-Cap Value Index Fund 15.3 7 41 7.5 -1.3
MDY SPDR S&P Midcap 400 ETF Trust 15.2 23 25 6.2 -2.6
SPMD SPDR Portfolio Mid Cap ETF 15.2 5 43 6.4 -2.4
IJH iShares Core S&P Mid-Cap ETF 15.2 5 43 6.4 -2.4
USDY Pacific Global US Equity Income ETF 15.2 29 19 7.0 -1.8

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:
Vident Core US Equity Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.51
 
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.