Vident Core US Equity Fund
ALTAR
Score™
7.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.8x P/Sales
ratio
0.7x
P/BV
ratio
1.4x Div.
yield
2.0%


  • 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) $337
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 223
Wgt avg mkt cap (mns) $36,096
Large cap (>$10bn) 36.9%
Mid cap ($2-10bn) 45.8%
Small cap (<$2bn) 17.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIG LOTS INC 0.8 %
GREEN DOT CORP-CLASS A 0.8 %
T-MOBILE US, INC. 0.7 %
WERNER ENTERPRISES INC 0.7 %
LEGG MASON INC 0.7 %
ACTIVISION BLIZZARD INC 0.7 %
SAIA INC 0.7 %
NUANCE COMMUNICATIONS INC 0.7 %
HUMANA INC 0.7 %
KROGER CO 0.7 %
Total 7.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %










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.
-17.5% -5.8% 1.3% -- 3.4%

Market Correlations
versus... Beta R-squared
S&P500 1.29 92%
MSCI EAFE 1.33 83%
MSCI Emg. Mkts. 0.99 70%

Technical Indicators
Recent close $27.88
30d moving avg. $25.51
Annualized volatility 22.9%
Short interest (ETF) 0.5%
Short interest (Underlying) 5.9%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 82
Turnover 0.7%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $54,413

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.7%


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
(%)
ROUS Hartford Multifactor US Equity ETF 28.6 19 29 7.2 -0.5
PVAL Principal Contrarian Value Index ETF 27.8 29 19 7.4 -0.3
VFMF Vanguard U.S. Multifactor ETF 26.4 18 30 7.3 -0.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 25.6 20 28 7.6 -0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 25.6 71 -23 9.5 +1.8
VALQ American Century STOXX U.S. Quality Value ETF 24.6 29 19 8.9 +1.2
JVAL JPMorgan U.S. Value Factor ETF 24.1 12 36 8.8 +1.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 23.2 39 9 6.3 -1.5
AFMC First Trust Active Factor Mid Cap ETF 22.9 65 -17 6.2 -1.6
USMF WisdomTree U.S. Multifactor Fund 22.6 28 20 6.1 -1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 22.4 20 28 6.6 -1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 22.4 17 31 6.9 -0.8
VFVA Vanguard U.S. Value Factor ETF 21.8 13 35 11.8 +4.1
QSY WisdomTree U.S. LargeCap Value Fund 21.4 38 10 6.8 -0.9
AFLG First Trust Active Factor Large Cap ETF 21.3 55 -7 5.6 -2.1
FTA First Trust Large Cap Value AlphaDEX Fund 21.0 60 -12 9.1 +1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 20.8 20 28 7.0 -0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 20.6 17 31 6.5 -1.2
TUSA First Trust Total US Market AlphaDEX ETF 20.1 70 -22 6.1 -1.6
IUS Invesco Strategic US ETF 20.0 19 29 6.2 -1.5
FEX First Trust Large Cap Core AlphaDEX Fund 20.0 60 -12 6.1 -1.7
RWK Invesco S&P MidCap 400 Revenue ETF 19.8 39 9 7.5 -0.2
VLU SPDR S&P 1500 Value Tilt ETF 19.8 12 36 7.4 -0.4
ONEY SPDR Russell 1000 Yield Focus ETF 19.7 20 28 8.4 +0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 19.5 19 29 6.3 -1.5
JKI iShares Morningstar Mid-Cap Value ETF 19.5 30 18 9.6 +1.8
EZM WisdomTree U.S. MidCap Earnings Fund 19.5 38 10 9.2 +1.5
RWL Invesco S&P 500 Revenue ETF 19.5 39 9 6.8 -0.9
PY Principal Shareholder Yield Index ETF 19.4 29 19 9.3 +1.6
EXT WisdomTree U.S. Total Earnings Fund 19.4 28 20 5.8 -1.9
VAMO Cambria Value & Momentum ETF 19.3 64 -16 7.4 -0.4
RNLC Large Cap US Equity Select ETF 19.2 60 -12 6.2 -1.5
FVAL Fidelity Value Factor ETF 19.2 29 19 8.1 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.0 25 23 6.6 -1.2
VBR Vanguard Small Cap Value Index Fund 19.0 7 41 8.4 +0.7
AVUV Avantis U.S. Small Cap Value ETF 19.0 25 23 8.9 +1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.8 25 23 6.6 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 18.7 39 9 6.8 -0.9
FCPI Fidelity Stocks for Inflation ETF 18.5 29 19 6.8 -0.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 18.3 30 18 7.6 -0.1
QLC FlexShares US Quality Large Cap Index Fund 18.3 32 16 5.6 -2.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.2 24 24 7.7 -0.1
ROGS Hartford Multifactor Global Small Cap ETF 18.0 34 14 8.1 +0.3
AUSF Global X Adaptive U.S. Factor ETF 17.9 27 21 8.1 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.9 30 18 6.8 -1.0
VLUE iShares Edge MSCI USA Value Factor ETF 17.8 15 33 11.1 +3.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 17.5 20 28 9.5 +1.8
AFSM First Trust Active Factor Small Cap ETF 17.4 75 -27 5.7 -2.0
ESGS Columbia Sustainable U.S. Equity Income ETF 17.1 35 13 9.0 +1.3
IWS iShares Russell Mid-Cap Value ETF 17.1 24 24 7.2 -0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 17.1 70 -22 10.6 +2.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.0 24 24 6.0 -1.7
VOE Vanguard Mid-Cap Value Index Fund 17.0 7 41 7.9 +0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.0 15 33 6.4 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.9 29 19 6.7 -1.0
QDF FlexShares Quality Dividend Index Fund 16.8 37 11 6.9 -0.8
RSP Invesco S&P 500 Equal Weight ETF 16.8 20 28 6.9 -0.9
SMDY Syntax Stratified MidCap ETF 16.8 30 18 6.3 -1.5
AVUS Avantis U.S. Equity ETF 16.8 15 33 5.8 -1.9
SPVM Invesco S&P 500 Value with Momentum ETF 16.8 39 9 9.3 +1.6
BUY USCF SummerHaven SHPEI Index Fund 16.7 80 -32 10.5 +2.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.6 35 13 5.8 -1.9
EPS WisdomTree U.S. Earnings 500 Fund 16.6 8 40 6.5 -1.2
SCIU Global X Scientific Beta US ETF 16.6 19 29 5.8 -2.0
JKL iShares Morningstar Small Cap Value ETF 16.5 30 18 9.8 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 16.5 29 19 6.2 -1.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 16.4 35 13 5.8 -1.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.3 9 39 5.6 -2.1
SPVU Invesco S&P 500 Enhanced Value ETF 16.2 13 35 11.0 +3.3
LSAF LeaderShares AlphaFactor US Core Equity ETF 16.1 75 -27 7.3 -0.4
FSMD Fidelity Small-Mid Factor ETF 16.1 29 19 7.0 -0.7
LRGF iShares Edge MSCI Multifactor USA ETF 16.0 20 28 7.0 -0.7
REVS Columbia Research Enhanced Value ETF 15.9 19 29 7.6 -0.2
JHML John Hancock Multifactor Large Cap ETF 15.8 34 14 5.6 -2.1
EQAL Invesco Russell 1000 Equal Weight ETF 15.6 20 28 5.1 -2.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.6 29 19 7.3 -0.4
DSTL Distillate US Fundamental Stability & Value ETF 15.5 39 9 6.5 -1.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 15.5 40 8 6.8 -0.9
BFOR Barron's 400 ETF 15.5 66 -18 6.3 -1.4
IUSV iShares Core S&P U.S. Value ETF 15.4 4 44 7.4 -0.3
JHMM John Hancock Multifactor Mid Cap ETF 15.4 44 4 5.7 -2.0
EUSA iShares MSCI USA Equal Weighted ETF 15.3 15 33 6.1 -1.6
RNDV US Equity Dividend Select ETF 15.3 50 -2 7.8 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 15.1 15 33 6.0 -1.7
MDYV SPDR S&P 400 Mid Cap Value ETF 15.1 15 33 8.4 +0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 15.1 25 23 8.3 +0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 15.1 15 33 8.4 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 15.0 25 23 6.5 -1.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 15.0 15 33 6.7 -1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 14.9 25 23 6.2 -1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 14.9 19 29 5.7 -2.0
IWD iShares Russell 1000 Value ETF 14.9 19 29 7.1 -0.7
RPV Invesco S&P 500 Pure Value ETF 14.9 35 13 11.3 +3.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 14.8 37 11 6.8 -0.9
VTV Vanguard Value Index Fund 14.8 4 44 7.3 -0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 14.8 9 39 5.9 -1.8
IVE iShares S&P 500 Value ETF 14.8 18 30 7.2 -0.5
SPYV SPDR Portfolio S&P 500 Value ETF 14.8 4 44 7.3 -0.4
COWZ Pacer US Cash Cows 100 ETF 14.8 49 -1 9.8 +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:
Vident Core US Equity Fund
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 11.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.