WBI Power Factor High Dividend ETF
ALTAR
Score™
12.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.0x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
5.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WBI Power Factor High Dividend ETF tracks an index of 50 US firms selected for high expected dividend yield and strong fundamental factors, and weighted by expected dividend yield.

FUND BASICS
Category US Equities
Fund Sponsor Millington Securities Inc
Website wbishares.com
Inception date Dec 19, 2016
Assets (mns) $41
Currency USD
Expense ratio 70 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $37,181
Large cap (>$10bn) 47.4%
Mid cap ($2-10bn) 40.4%
Small cap (<$2bn) 12.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SANTANDER CONSUMER USA HOLDI 5.4 %
MARATHON PETROLEUM 4.9 %
ABBVIE INC 4.7 %
LYONDELLBASELL INDU-CL A 4.3 %
HANESBRANDS INC 4.2 %
AT&T INC 4.2 %
SINCLAIR BROADCAST GROUP-A 4.1 %
PHILIP MORRIS INTERNATIONAL 4.1 %
LEGGETT & PLATT INC 4.1 %
INTERPUBLIC GROUP OF COS INC 3.5 %
Total 43.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
BRITAIN 4.3 %
IRELAND 1.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.6% -19.1% -- -- -2.3%

Market Correlations
versus... Beta R-squared
S&P500 1.47 80%
MSCI EAFE 1.57 79%
MSCI Emg. Mkts. 1.13 65%

Technical Indicators
Recent close $18.23
30d moving avg. $19.20
Annualized volatility 27.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $11,418

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the WBI Power Factor High Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with WBIY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WBIY Expense: 70 bp ALTAR Score™: 12.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WBIY
Ticker Fund
Name
Overlap1
vs WBIY
(%)
Expense
ratio
(bp)
Savings
vs WBIY
(bp)
ALTAR
Score™
(%)
ALTAR
vs WBIY
(%)
RDIV Invesco S&P Ultra Dividend Revenue ETF 50.5 39 31 11.3 -1.2
DVY iShares Select Dividend ETF 30.4 39 31 9.8 -2.7
SPYD SPDR S&P 500 High Dividend ETF 29.8 7 63 10.6 -1.9
SPDV AAM S&P 500 High Dividend Value ETF 27.8 29 41 11.1 -1.4
PEY Invesco High Yield Equity Dividend Achievers ETF 24.6 53 17 9.3 -3.2
DHS WisdomTree U.S. High Dividend Fund 22.8 38 32 8.8 -3.7
FDL First Trust Morningstar Dividend Leaders Index Fund 22.0 45 25 10.3 -2.2
SDOG ALPS Sector Dividend Dogs ETF 21.8 40 30 10.5 -2.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 21.0 30 40 9.9 -2.6
GBDV Global Beta Smart Income ETF 20.1 29 41 9.1 -3.4
SPVU Invesco S&P 500 Enhanced Value ETF 18.6 13 57 11.6 -0.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 17.9 35 35 8.8 -3.7
PY Principal Shareholder Yield Index ETF 17.6 29 41 9.7 -2.8
DEW WisdomTree Global High Dividend Fund 16.0 58 12 9.4 -3.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 15.3 35 35 3.7 -8.8
SCHD Schwab U.S. Dividend Equity ETF 15.2 6 64 8.3 -4.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 15.0 75 -5 6.2 -6.3
FXO First Trust Financials AlphaDEX Fund 14.9 63 7 11.8 -0.7
JHME John Hancock Multifactor Energy ETF 14.6 40 30 4.0 -8.5
SPHB Invesco S&P 500 High Beta ETF 14.3 25 45 9.6 -2.9
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 14.3 49 21 9.4 -3.1
RYE Invesco S&P 500 Equal Weight Energy ETF 14.2 40 30 3.8 -8.7
VALQ American Century STOXX U.S. Quality Value ETF 14.1 29 41 9.2 -3.3
KBE SPDR S&P Bank ETF 14.0 35 35 12.0 -0.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 13.9 35 35 8.7 -3.8
RPV Invesco S&P 500 Pure Value ETF 13.9 35 35 11.4 -1.1
KRE SPDR S&P Regional Banking ETF 13.7 35 35 11.8 -0.7
SLT Salt TruBeta High Exposure ETF 13.5 29 41 9.5 -3.0
ESGS Columbia Sustainable U.S. Equity Income ETF 13.2 35 35 8.6 -3.9
VLUE iShares Edge MSCI USA Value Factor ETF 13.2 15 55 11.5 -1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 12.7 28 42 6.4 -6.1
PWV Invesco Dynamic Large Cap Value ETF 12.7 55 15 8.9 -3.6
CRAK VanEck Vectors Oil Refiners ETF 12.7 60 10 12.8 +0.3
VYM Vanguard High Dividend Yield Index ETF 12.6 6 64 7.4 -5.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 12.5 38 32 8.1 -4.4
PXI Invesco DWA Energy Momentum ETF 12.3 60 10 4.3 -8.2
XLE Energy Select Sector SPDR Fund 12.1 13 57 4.7 -7.8
RYF Invesco S&P 500 Equal Weight Financials ETF 12.0 40 30 9.8 -2.7
DTD WisdomTree U.S.Total Dividend Fund 12.0 28 42 6.7 -5.8
IEO iShares U.S. Oil & Gas Exploration & Production ETF 11.8 42 28 3.7 -8.8
FDVV Fidelity Core Dividend ETF 11.8 29 41 7.2 -5.3
JKF iShares Morningstar Large Cap Value ETF 11.6 25 45 7.6 -4.9
PXE Invesco Dynamic Energy Exploration & Production ETF 11.6 63 7 1.0 -11.5
VDE Vanguard Energy Index Fund 11.5 10 60 4.1 -8.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 11.5 59 11 11.3 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 11.3 12 58 7.5 -5.0
IYE iShares U.S. Energy ETF 11.3 42 28 4.2 -8.3
FENY Fidelity MSCI Energy Index ETF 11.2 8 62 4.4 -8.1
FTA First Trust Large Cap Value AlphaDEX Fund 11.2 60 10 9.4 -3.1
LVHD Legg Mason Low Volatility High Dividend ETF 11.2 27 43 9.0 -3.5
RNDV US Equity Dividend Select ETF 11.1 50 20 7.7 -4.8
USDY Pacific Global US Equity Income ETF 11.1 29 41 7.3 -5.2
SDY SPDR S&P Dividend ETF 11.0 35 35 7.1 -5.4
FXN First Trust Energy AlphaDEX Fund 10.8 65 5 -0.8 -13.3
FTXN First Trust Nasdaq Oil & Gas ETF 10.7 60 10 2.2 -10.3
FTXO First Trust Nasdaq Bank ETF 10.7 60 10 9.1 -3.4
GCOW Pacer Global High Dividend ETF 10.7 60 10 10.5 -2.0
ONEY SPDR Russell 1000 Yield Focus ETF 10.6 20 50 9.5 -3.0
JKI iShares Morningstar Mid-Cap Value ETF 10.5 30 40 9.3 -3.2
COWZ Pacer US Cash Cows 100 ETF 10.5 49 21 11.0 -1.5
MGV Vanguard Mega Cap Value ETF 10.5 7 63 7.3 -5.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 10.3 37 33 6.2 -6.3
OUSA O'Shares FTSE US Quality Dividend ETF 10.1 48 22 5.7 -6.8
DIV Global X SuperDividend US ETF 10.0 46 24 7.2 -5.3
IGE iShares North American Natural Resources ETF 10.0 46 24 4.2 -8.3
MAGA Point Bridge GOP Stock Tracker ETF 10.0 72 -2 6.7 -5.8
FDRR Fidelity Dividend ETF for Rising Rates 9.9 29 41 7.0 -5.5
QDF FlexShares Quality Dividend Index Fund 9.8 37 33 6.1 -6.4
VTV Vanguard Value Index Fund 9.8 4 66 7.5 -5.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 9.7 25 45 6.6 -5.9
SCHV Schwab U.S. Large-Cap Value ETF 9.6 4 66 7.2 -5.3
STLV iShares Factors US Value Style ETF 9.6 25 45 7.9 -4.6
PRF Invesco FTSE RAFI US 1000 ETF 9.6 39 31 6.9 -5.6
VFVA Vanguard U.S. Value Factor ETF 9.5 14 56 11.7 -0.7
RWL Invesco S&P 500 Revenue ETF 9.5 39 31 7.3 -5.2
IAT iShares U.S. Regional Banks ETF 9.5 42 28 11.3 -1.2
JVAL JPMorgan U.S. Value Factor ETF 9.5 12 58 8.8 -3.7
QDEF FlexShares Quality Dividend Defensive Index Fund 9.4 37 33 5.9 -6.6
AUSF Global X Adaptive U.S. Factor ETF 9.4 27 43 7.9 -4.6
VOOV Vanguard S&P 500 Value ETF 9.4 15 55 7.4 -5.1
FOVL iShares Focused Value Factor ETF 9.3 25 45 10.8 -1.7
SPYV SPDR Portfolio S&P 500 Value ETF 9.3 4 66 7.5 -5.0
IVE iShares S&P 500 Value ETF 9.3 18 52 7.3 -5.2
SYLD Cambria Shareholder Yield ETF 9.2 59 11 9.0 -3.5
SYV SPDR MFS Systematic Value Equity ETF 9.2 60 10 7.5 -5.0
KBWB Invesco KBW Bank ETF 9.2 35 35 10.4 -2.1
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 9.1 40 30 7.4 -5.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 9.1 29 41 7.3 -5.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 9.1 15 55 6.2 -6.3
DIVB iShares U.S. Dividend & Buyback ETF 9.1 25 45 6.6 -5.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 9.1 25 45 6.6 -5.9
FMK First Trust Mega Cap AlphaDEX Fund 9.0 70 0 5.1 -7.4
FVAL Fidelity Value Factor ETF 9.0 29 41 8.0 -4.5
IUSV iShares Core S&P U.S. Value ETF 8.9 4 66 7.6 -4.9
REVS Columbia Research Enhanced Value ETF 8.8 19 51 7.8 -4.7
FAB First Trust Multi Cap Value AlphaDEX Fund 8.7 71 -1 9.8 -2.7
WLDR Affinity World Leaders Equity ETF 8.7 47 23 9.7 -2.8
FCPI Fidelity Stocks for Inflation ETF 8.7 29 41 7.0 -5.5

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:
WBI Power Factor High Dividend ETF
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 14.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 12.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 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.