Vident Core US Equity Fund
ALTAR
Score™
8.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.9x P/Sales
ratio
0.7x
P/BV
ratio
1.5x Div.
yield
1.8%


  • 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) $334
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) $30,207
Large cap (>$10bn) 36.5%
Mid cap ($2-10bn) 47.8%
Small cap (<$2bn) 15.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RANGE RESOURCES CORP 0.6 %
CERENCE INC 0.6 %
EQT CORP 0.6 %
SOUTHWESTERN ENERGY CO 0.6 %
FIRST SOLAR INC 0.6 %
BUILDERS FIRSTSOURCE INC 0.6 %
QUALCOMM INC 0.6 %
QUANTA SERVICES INC 0.6 %
QORVO INC 0.6 %
ASSURANT INC 0.5 %
Total 5.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.2% -8.3% 3.0% -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 1.28 92%
MSCI EAFE 1.33 84%
MSCI Emg. Mkts. 0.94 68%

Technical Indicators
Recent close $30.05
30d moving avg. $28.40
Annualized volatility 22.9%
Short interest (ETF) 0.6%
Short interest (Underlying) 5.9%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.4%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $36,031

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™: 8.4%


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 30.6 71 -23 9.4 +0.9
VALQ American Century STOXX U.S. Quality Value ETF 28.4 29 19 8.4 -0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 27.7 29 19 9.0 +0.6
ROUS Hartford Multifactor US Equity ETF 27.6 19 29 6.9 -1.5
JVAL JPMorgan U.S. Value Factor ETF 27.1 12 36 8.3 -0.1
USMF WisdomTree U.S. Multifactor Fund 27.1 28 20 5.3 -3.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 26.9 20 28 7.3 -1.2
VFMF Vanguard U.S. Multifactor ETF 26.6 19 29 6.7 -1.8
VFVA Vanguard U.S. Value Factor ETF 26.6 14 34 10.6 +2.1
ONEO SPDR Russell 1000 Momentum Focus ETF 25.5 20 28 6.1 -2.3
FTA First Trust Large Cap Value AlphaDEX Fund 25.2 60 -12 8.9 +0.5
AFMC First Trust Active Factor Mid Cap ETF 25.0 65 -17 5.9 -2.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 24.2 17 31 6.1 -2.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 23.9 20 28 6.7 -1.8
IUS Invesco Strategic US ETF 22.9 19 29 6.2 -2.2
FEX First Trust Large Cap Core AlphaDEX Fund 22.4 60 -12 5.8 -2.7
BUY USCF SummerHaven SHPEI Index Fund 22.4 80 -32 8.5 +0.1
VLUE iShares Edge MSCI USA Value Factor ETF 22.2 15 33 11.2 +2.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 22.2 17 31 6.2 -2.2
COWZ Pacer US Cash Cows 100 ETF 22.1 49 -1 10.2 +1.8
AFLG First Trust Active Factor Large Cap ETF 22.1 55 -7 5.3 -3.2
EXT WisdomTree U.S. Total Earnings Fund 21.9 28 20 5.0 -3.4
VLU SPDR S&P 1500 Value Tilt ETF 21.5 12 36 7.0 -1.4
RWK Invesco S&P MidCap 400 Revenue ETF 21.4 39 9 7.3 -1.1
JKL iShares Morningstar Small Cap Value ETF 21.4 30 18 9.6 +1.2
ONEY SPDR Russell 1000 Yield Focus ETF 21.4 20 28 8.8 +0.3
FNK First Trust Mid Cap Value AlphaDEX Fund 21.4 70 -22 10.3 +1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 21.3 18 30 5.9 -2.5
PRF Invesco FTSE RAFI US 1000 ETF 21.1 39 9 6.5 -2.0
EZM WisdomTree U.S. MidCap Earnings Fund 21.0 38 10 8.6 +0.1
PVAL Principal Contrarian Value Index ETF 20.8 29 19 9.3 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.7 25 23 6.1 -2.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 20.6 25 23 6.1 -2.3
TUSA First Trust Total US Market AlphaDEX ETF 20.5 70 -22 5.6 -2.8
FVAL Fidelity Value Factor ETF 20.5 29 19 7.6 -0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 20.5 30 18 7.2 -1.3
RWL Invesco S&P 500 Revenue ETF 20.4 39 9 6.8 -1.6
STLV iShares Factors US Value Style ETF 19.9 25 23 6.7 -1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.7 29 19 5.8 -2.7
SPVM Invesco S&P 500 Value with Momentum ETF 19.7 39 9 8.6 +0.1
AVUV Avantis U.S. Small Cap Value ETF 19.6 25 23 8.0 -0.4
RNLC Large Cap US Equity Select ETF 19.6 60 -12 5.9 -2.5
QSY WisdomTree U.S. LargeCap Value Fund 19.5 38 10 6.5 -2.0
LRGF iShares Edge MSCI Multifactor USA ETF 19.4 20 28 7.0 -1.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.0 20 28 8.9 +0.5
PY Principal Shareholder Yield Index ETF 18.9 29 19 8.8 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.8 30 18 6.2 -2.2
VBR Vanguard Small Cap Value Index Fund 18.7 7 41 7.9 -0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.6 29 19 6.6 -1.8
MDYV SPDR S&P 400 Mid Cap Value ETF 18.5 15 33 8.1 -0.4
IJJ iShares S&P Mid-Cap 400 Value ETF 18.5 25 23 8.0 -0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 18.4 15 33 8.1 -0.4
JDIV JPMorgan U.S. Dividend ETF 18.2 12 36 7.5 -0.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 18.0 24 24 5.9 -2.6
REVS Columbia Research Enhanced Value ETF 18.0 19 29 7.2 -1.3
SCIU Global X Scientific Beta US ETF 17.9 19 29 5.6 -2.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 17.8 35 13 5.6 -2.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 17.8 35 13 5.6 -2.9
SMDY Syntax Stratified MidCap ETF 17.8 30 18 5.9 -2.5
VTV Vanguard Value Index Fund 17.8 4 44 7.1 -1.3
RSP Invesco S&P 500 Equal Weight ETF 17.8 20 28 6.4 -2.1
IUSV iShares Core S&P U.S. Value ETF 17.7 4 44 7.2 -1.3
SYLD Cambria Shareholder Yield ETF 17.7 59 -11 8.5 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.6 9 39 5.3 -3.1
EPS WisdomTree U.S. Earnings 500 Fund 17.6 8 40 6.2 -2.2
JKI iShares Morningstar Mid-Cap Value ETF 17.5 30 18 8.6 +0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 17.5 25 23 6.2 -2.3
FNX First Trust Mid Cap Core AlphaDEX Fund 17.4 61 -13 6.3 -2.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 17.4 40 8 6.6 -1.9
QDF FlexShares Quality Dividend Index Fund 17.4 37 11 5.9 -2.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.4 24 24 6.5 -2.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 17.3 19 29 5.8 -2.7
AVUS Avantis U.S. Equity ETF 17.3 15 33 5.4 -3.0
QLC FlexShares US Quality Large Cap Index Fund 17.2 32 16 5.2 -3.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 17.0 37 11 5.9 -2.5
JHML John Hancock Multifactor Large Cap ETF 16.9 29 19 5.3 -3.1
SPYV SPDR Portfolio S&P 500 Value ETF 16.8 4 44 7.1 -1.3
IVE iShares S&P 500 Value ETF 16.8 18 30 7.0 -1.5
RAFE PIMCO RAFI ESG U.S. ETF 16.8 29 19 7.4 -1.0
VOOV Vanguard S&P 500 Value ETF 16.8 15 33 7.0 -1.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.7 35 13 5.2 -3.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 16.6 29 19 7.6 -0.9
IWD iShares Russell 1000 Value ETF 16.6 19 29 6.7 -1.7
VONV Vanguard Russell 1000 Value Index Fund 16.6 8 40 6.8 -1.7
DIVB iShares U.S. Dividend & Buyback ETF 16.2 25 23 6.3 -2.1
FSMD Fidelity Small-Mid Factor ETF 16.1 29 19 6.6 -1.9
AFSM First Trust Active Factor Small Cap ETF 16.1 75 -27 5.2 -3.2
VOE Vanguard Mid-Cap Value Index Fund 15.9 7 41 7.5 -0.9
EQAL Invesco Russell 1000 Equal Weight ETF 15.9 20 28 5.4 -3.1
IWS iShares Russell Mid-Cap Value ETF 15.8 24 24 6.8 -1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 15.8 9 39 5.8 -2.6
VAMO Cambria Value & Momentum ETF 15.8 64 -16 6.3 -2.2
ROGS Hartford Multifactor Global Small Cap ETF 15.8 34 14 7.4 -1.0
SPVU Invesco S&P 500 Enhanced Value ETF 15.5 13 35 11.0 +2.6
MGV Vanguard Mega Cap Value ETF 15.5 7 41 7.0 -1.4
USDY Pacific Global US Equity Income ETF 15.4 29 19 7.0 -1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 15.4 15 33 6.0 -2.5
DON WisdomTree U.S. MidCap Dividend Fund 15.3 38 10 7.3 -1.1
JMIN JPMorgan U.S. Minimum Volatility ETF 15.3 12 36 5.3 -3.2
FCPI Fidelity Stocks for Inflation ETF 15.3 29 19 6.6 -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 12.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.