WBI Power Factor High Dividend ETF
ALTAR
Score™
8.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.6x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
5.2%


  • 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) $46
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) $54,038
Large cap (>$10bn) 69.8%
Mid cap ($2-10bn) 17.2%
Small cap (<$2bn) 13.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VALERO ENERGY CORP 7.5 %
EXXON MOBIL CORP 7.2 %
AT&T INC 5.5 %
WALGREENS BOOTS ALLIANCE INC 4.9 %
ABBVIE INC 4.7 %
CONOCOPHILLIPS 4.6 %
LYONDELLBASELL INDU-CL A 4.6 %
INTL BUSINESS MACHINES CORP 4.5 %
OMNICOM GROUP 4.3 %
SEAGATE TECHNOLOGY 4.3 %
Total 52.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.3 %
BRITAIN 4.6 %
IRELAND 4.3 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.5% -8.5% -- -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.41 82%
MSCI EAFE 1.43 82%
MSCI Emg. Mkts. 1.17 70%

Technical Indicators
Recent close $24.25
30d moving avg. $23.35
Annualized volatility 29.4%
Short interest (ETF) 0.8%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $8,227

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 8.4%


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
(%)
GBDV Global Beta Smart Income ETF 40.6 29 41 8.3 -0.1
RDIV Invesco S&P Ultra Dividend Revenue ETF 32.5 39 31 8.7 +0.4
SDOG ALPS Sector Dividend Dogs ETF 30.2 40 30 8.7 +0.3
FDL First Trust Morningstar Dividend Leaders Index Fund 25.7 45 25 9.1 +0.8
PEY Invesco High Yield Equity Dividend Achievers ETF 24.9 52 18 8.1 -0.2
DVY iShares Select Dividend ETF 24.0 39 31 8.0 -0.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 24.0 30 40 8.1 -0.3
SPYD SPDR S&P 500 High Dividend ETF 23.6 7 63 9.2 +0.8
DHS WisdomTree U.S. High Dividend Fund 22.0 38 32 8.4 +0.0
SPDV AAM S&P 500 High Dividend Value ETF 20.5 29 41 8.4 +0.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 17.1 35 35 7.6 -0.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 17.1 35 35 7.7 -0.7
SCHD Schwab U.S. Dividend Equity ETF 17.0 6 64 7.1 -1.2
JHME John Hancock Multifactor Energy ETF 15.8 40 30 3.3 -5.0
SPVU Invesco S&P 500 Enhanced Value ETF 15.7 13 57 9.5 +1.2
RNDV US Equity Dividend Select ETF 15.5 50 20 7.4 -1.0
LVHD Legg Mason Low Volatility High Dividend ETF 15.4 27 43 7.7 -0.7
AUSF Global X Adaptive U.S. Factor ETF 15.0 27 43 8.0 -0.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 14.9 35 35 7.1 -1.2
XLE Energy Select Sector SPDR Fund 14.6 13 57 3.9 -4.5
IYE iShares U.S. Energy ETF 14.5 42 28 3.5 -4.9
KRE SPDR S&P Regional Banking ETF 14.4 35 35 7.3 -1.0
KBE SPDR S&P Bank ETF 14.3 35 35 8.1 -0.3
RPV Invesco S&P 500 Pure Value ETF 14.1 35 35 9.9 +1.5
HDV iShares Core High Dividend ETF 14.0 8 62 6.3 -2.0
VLUE iShares MSCI USA Value Factor ETF 14.0 15 55 9.8 +1.4
VDE Vanguard Energy Index Fund 14.0 10 60 3.4 -4.9
FENY Fidelity MSCI Energy Index ETF 13.9 8 62 3.6 -4.8
FOVL iShares Focused Value Factor ETF 13.9 25 45 7.7 -0.7
DEW WisdomTree Global High Dividend Fund 13.8 58 12 8.7 +0.4
SDY SPDR S&P Dividend ETF 13.8 35 35 6.4 -2.0
DURA VanEck Vectors Morningstar Durable Dividend ETF 13.6 29 41 8.2 -0.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 13.6 75 -5 5.3 -3.0
IGE iShares North American Natural Resources ETF 13.5 46 24 3.6 -4.7
ESGS Columbia Sustainable U.S. Equity Income ETF 13.3 35 35 7.5 -0.9
FXN First Trust Energy AlphaDEX Fund 13.1 65 5 1.8 -6.6
FTXN First Trust Nasdaq Oil & Gas ETF 12.9 60 10 2.3 -6.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 12.8 38 32 7.6 -0.7
IAT iShares U.S. Regional Banks ETF 12.8 42 28 7.8 -0.6
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 12.5 40 30 6.4 -1.9
FXO First Trust Financials AlphaDEX Fund 12.0 63 7 9.1 +0.7
NANR SPDR S&P North American Natural Resources ETF 11.8 35 35 3.1 -5.3
IXC iShares Global Energy ETF 11.6 46 24 5.1 -3.2
RYE Invesco S&P 500 Equal Weight Energy ETF 11.6 40 30 3.2 -5.2
FILL iShares MSCI Global Energy Producers ETF 11.6 39 31 5.5 -2.9
FDVV Fidelity Core Dividend ETF 11.4 29 41 6.1 -2.3
GBLO Global Beta Low Beta ETF 11.3 29 41 7.3 -1.0
XOP SPDR S&P Oil & Gas Exploration & Production ETF 11.2 35 35 3.0 -5.4
DIV Global X SuperDividend US ETF 11.0 46 24 5.3 -3.1
PY Principal Shareholder Yield Index ETF 11.0 15 55 7.9 -0.5
VYM Vanguard High Dividend Yield Index ETF 10.7 6 64 6.6 -1.7
EQRR ProShares Equities for Rising Rates ETF 10.7 35 35 6.1 -2.3
ONEY SPDR Russell 1000 Yield Focus ETF 10.6 20 50 7.2 -1.1
QDIV Global X S&P 500 Quality Dividend ETF 10.2 20 50 6.5 -1.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 10.1 59 11 10.0 +1.7
JKF iShares Morningstar Large Cap Value ETF 10.1 25 45 6.6 -1.8
FTXO First Trust Nasdaq Bank ETF 9.4 60 10 6.6 -1.8
DJD Invesco Dow Jones Industrial Average Dividend ETF 9.4 7 63 6.3 -2.1
VALQ American Century STOXX U.S. Quality Value ETF 9.2 29 41 7.9 -0.5
FTA First Trust Large Cap Value AlphaDEX Fund 9.2 60 10 7.4 -1.0
IYZ iShares U.S. Telecommunications ETF 9.2 42 28 7.1 -1.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 9.1 65 5 1.2 -7.2
FCPI Fidelity Stocks for Inflation ETF 9.0 29 41 5.8 -2.6
RFV Invesco S&P Midcap 400 Pure Value ETF 9.0 35 35 8.9 +0.6
FDRR Fidelity Dividend ETF for Rising Rates 8.9 29 41 6.0 -2.3
GCOW Pacer Global High Dividend ETF 8.9 60 10 9.9 +1.5
KBWR Invesco KBW Regional Banking ETF 8.8 35 35 7.5 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 8.7 28 42 6.2 -2.2
IEO iShares U.S. Oil & Gas Exploration & Production ETF 8.7 42 28 3.0 -5.4
KBWB Invesco KBW Bank ETF 8.6 35 35 7.7 -0.7
DTD WisdomTree U.S.Total Dividend Fund 8.6 28 42 6.3 -2.1
JHCS John Hancock Multifactor Media & Communications ETF 8.6 40 30 5.0 -3.4
MGV Vanguard Mega Cap Value ETF 8.5 7 63 6.4 -1.9
PXE Invesco Dynamic Energy Exploration & Production ETF 8.5 63 7 1.4 -6.9
ALTL Pacer Lunt Large Cap Alternator ETF 8.5 60 10 5.5 -2.8
SPHB Invesco S&P 500 High Beta ETF 8.5 25 45 5.9 -2.4
DIVB iShares U.S. Dividend & Buyback ETF 8.4 25 45 5.9 -2.4
VLU SPDR S&P 1500 Value Tilt ETF 8.4 12 58 6.2 -2.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.2 25 45 5.8 -2.6
MAGA Point Bridge GOP Stock Tracker ETF 8.2 72 -2 5.3 -3.0
VOOV Vanguard S&P 500 Value ETF 8.2 10 60 6.6 -1.8
RYF Invesco S&P 500 Equal Weight Financials ETF 8.1 40 30 7.5 -0.9
VSL Volshares Large Capital ETF 8.1 65 5 6.1 -2.3
JVAL JPMorgan U.S. Value Factor ETF 7.9 12 58 7.2 -1.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 7.8 50 20 5.9 -2.5
VTV Vanguard Value Index Fund 7.8 4 66 6.5 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.7 25 45 5.7 -2.6
TPHD Timothy Plan High Dividend Stock ETF 7.7 52 18 5.6 -2.8
FAB First Trust Multi Cap Value AlphaDEX Fund 7.6 71 -1 7.5 -0.8
STLV iShares Factors US Value Style ETF 7.6 25 45 6.5 -1.9
JKI iShares Morningstar Mid-Cap Value ETF 7.5 30 40 7.6 -0.7
RWL Invesco S&P 500 Revenue ETF 7.5 39 31 6.3 -2.1
DES WisdomTree U.S. SmallCap Dividend Fund 7.5 38 32 6.7 -1.7
PRF Invesco FTSE RAFI US 1000 ETF 7.4 39 31 5.8 -2.5
FVAL Fidelity Value Factor ETF 7.3 29 41 6.9 -1.4
VFVA Vanguard U.S. Value Factor ETF 7.3 14 56 8.5 +0.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.2 60 10 6.2 -2.2

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 13.8 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 CATEGORY
AVERAGE
1.49
 
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.