GraniteShares XOUT U.S. Large Cap ETF
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.7x P/Sales
ratio
3.5x
P/BV
ratio
6.2x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
XOUT tracks a market-cap weighted index of US large-cap stocks selected based on a proprietary, quantitative scoring methodology excluding potentially underperforming companies.

FUND BASICS
Category US Equities
Fund Sponsor GraniteShares
Website www.graniteshares.com
Inception date Oct 07, 2019
Assets (mns) $94
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 251
Wgt avg mkt cap (mns) $588,534
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.7 %
MICROSOFT CORP 7.0 %
AMAZON.COM INC 6.8 %
ALPHABET INC. CLASS A 5.1 %
FACEBOOK 3.5 %
TESLA MOTORS INC 2.0 %
WAL-MART STORES INC 1.9 %
JOHNSON & JOHNSON 1.8 %
JPMORGAN CHASE & CO 1.6 %
PROCTER & GAMBLE CO/THE 1.6 %
Total 39.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.8 %
IRELAND 1.7 %
SWITZERLAND 0.3 %
BRITAIN 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.8% -- -- -- 20.3%

Market Correlations
versus... Beta R-squared
S&P500 1.01 98%
MSCI EAFE 1.03 88%
MSCI Emg. Mkts. 0.69 61%

Technical Indicators
Recent close $34.28
30d moving avg. $33.24
Annualized volatility 24.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.6%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $141,348

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the GraniteShares XOUT U.S. Large Cap ETF ETF based on the alternatives' overlap in portfolio holdings with XOUT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XOUT Expense: 60 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XOUT
Ticker Fund
Name
Overlap1
vs XOUT
(%)
Expense
ratio
(bp)
Savings
vs XOUT
(bp)
ALTAR
Score™
(%)
ALTAR
vs XOUT
(%)
ESGV Vanguard ESG U.S. Stock ETF 77.0 12 48 4.7 +0.9
IQSU IQ Candriam ESG US Equity ETF 72.3 9 51 4.7 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 71.1 0 60 4.8 +1.0
VOOG Vanguard S&P 500 Growth ETF 71.0 10 50 4.1 +0.3
IWL iShares Russell Top 200 ETF 70.4 15 45 4.6 +0.8
EFIV SPDR S&P 500 ESG ETF 70.0 10 50 4.7 +0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 70.0 4 56 4.2 +0.4
IVW iShares S&P 500 Growth ETF 70.0 18 42 4.0 +0.2
SNPE Xtrackers S&P 500 ESG ETF 70.0 10 50 4.7 +0.9
MGC Vanguard Mega Cap Index Fund 69.9 7 53 4.8 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 69.8 12 48 4.2 +0.4
IUSG iShares Core S&P US Growth ETF 69.8 4 56 4.2 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 69.3 27 33 4.6 +0.8
IWF iShares Russell 1000 Growth ETF 68.4 19 41 3.6 -0.2
VONG Vanguard Russell 1000 Growth Index Fund 68.0 8 52 3.7 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 67.9 20 40 4.6 +0.8
OEF iShares S&P 100 ETF 67.5 20 40 4.5 +0.7
PBP Invesco S&P 500 BuyWrite ETF 66.9 49 11 4.7 +0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 66.7 20 40 4.9 +1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 66.7 60 0 4.6 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 66.6 27 33 4.9 +1.1
HSPX Global X S&P 500 Covered Call ETF 66.4 60 0 4.6 +0.8
SPY SPDR S&P 500 ETF Trust 65.7 9 51 4.9 +1.1
SPLG SPDR Portfolio Large Cap ETF 65.7 3 57 5.0 +1.2
IVV iShares Core S&P 500 ETF 65.6 3 57 5.0 +1.2
VOO VANGUARD S&P 500 ETF 64.7 3 57 5.0 +1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 64.5 7 53 4.8 +1.0
IWY iShares Russell Top 200 Growth ETF 64.3 20 40 3.8 -0.0
VUG Vanguard Growth Index Fund 63.4 4 56 3.7 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 63.4 2 58 4.8 +1.0
PBUS Invesco PureBeta MSCI USA ETF 63.3 4 56 4.8 +1.0
ESGU iShares MSCI USA ESG Optimized ETF 62.3 15 45 4.7 +0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 62.3 27 33 4.6 +0.8
VV Vanguard Large-Cap Index Fund 62.2 4 56 4.8 +1.0
SCHX Schwab U.S. Large-Cap ETF 61.6 3 57 4.8 +1.0
XLG Invesco S&P 500 Top 50 ETF 61.4 20 40 4.3 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 61.0 3 57 5.1 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 60.3 32 28 4.7 +0.9
SCHK Schwab 1000 Index ETF 60.2 5 55 4.8 +1.0
IWB iShares Russell 1000 ETF 60.0 15 45 4.7 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 59.9 29 31 4.7 +0.9
IYY iShares Dow Jones U.S. ETF 59.6 20 40 4.6 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 59.3 49 11 3.9 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 58.5 9 51 5.2 +1.4
MGK Vanguard Mega Cap Growth ETF 58.5 7 53 3.8 +0.0
SFY SoFi Select 500 ETF 58.5 0 60 4.7 +0.9
EPS WisdomTree U.S. Earnings 500 Fund 58.4 8 52 5.9 +2.1
VTHR Vanguard Russell 3000 Index Fund 57.9 10 50 4.6 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 57.3 4 56 3.4 -0.4
SCHB Schwab U.S. Broad Market ETF 56.4 3 57 4.7 +0.9
IWV iShares Russell 3000 ETF 56.2 20 40 4.5 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 56.1 3 57 4.7 +0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 55.3 15 45 5.8 +2.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 55.0 21 39 2.9 -0.9
SPXT ProShares S&P 500 Ex-Technology ETF 54.8 27 33 5.1 +1.3
VONE Vanguard Russell 1000 ETF 54.5 8 52 4.8 +1.0
VTI Vanguard Total Stock Market Index Fund 54.5 3 57 4.6 +0.8
DSI iShares MSCI KLD 400 Social ETF 54.1 25 35 4.7 +0.9
IETC iShares Evolved U.S. Technology ETF 53.5 18 42 3.6 -0.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 53.2 60 0 3.3 -0.5
QQQM Invesco NASDAQ 100 ETF 53.2 15 45 3.8 -0.0
QQQ Invesco QQQ Trust 53.1 20 40 3.7 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 53.1 60 0 3.3 -0.5
NUSI Nationwide Risk-Managed Income ETF 53.1 68 -8 3.5 -0.3
JHML John Hancock Multifactor Large Cap ETF 52.9 29 31 5.0 +1.2
EXT WisdomTree U.S. Total Earnings Fund 51.7 28 32 5.2 +1.4
IGM iShares Expanded Tech Sector ETF 51.1 46 14 3.6 -0.2
TMFC Motley Fool 100 Index ETF 51.1 50 10 3.2 -0.6
RECS Columbia Research Enhanced Core ETF 50.4 15 45 5.2 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 49.7 75 -15 4.5 +0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.3 10 50 4.9 +1.1
SUSL iShares ESG MSCI USA Leaders ETF 49.3 10 50 4.9 +1.1
QUS SPDR MSCI USA StrategicFactors ETF 49.1 15 45 5.4 +1.6
VEGN US Vegan Climate ETF 48.4 60 0 4.7 +0.9
HIPR Direxion High Growth ETF 48.3 40 20 4.4 +0.6
AVUS Avantis U.S. Equity ETF 48.1 15 45 5.1 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 47.3 28 32 5.9 +2.1
AFLG First Trust Active Factor Large Cap ETF 46.9 55 5 4.9 +1.1
KRMA Global X Conscious Companies ETF 46.9 43 17 4.8 +1.0
SPMO Invesco S&P 500 Momentum ETF 46.8 13 47 4.0 +0.2
USXF iShares ESG Advanced MSCI USA ETF 46.6 10 50 4.6 +0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 46.5 75 -15 3.8 -0.0
FDMO Fidelity Momentum Factor ETF 46.2 29 31 3.2 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 45.8 19 41 5.5 +1.7
DIVB iShares U.S. Dividend & Buyback ETF 45.7 25 35 6.1 +2.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 45.7 12 48 4.5 +0.7
IUS Invesco Strategic US ETF 45.5 19 41 5.7 +1.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 45.2 30 30 6.1 +2.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 45.2 29 31 5.2 +1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 45.1 9 51 5.2 +1.4
TOK iShares MSCI Kokusai ETF 45.0 25 35 5.1 +1.3
SPQQ Siren Large Cap Blend Index ETF 44.9 20 40 4.4 +0.6
DTD WisdomTree U.S.Total Dividend Fund 44.9 28 32 6.1 +2.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 44.3 42 18 4.8 +1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 43.8 25 35 5.9 +2.1
FQAL Fidelity Quality Factor ETF 43.0 29 31 5.1 +1.3
MTUM iShares MSCI USA Momentum Factor ETF 42.9 15 45 4.1 +0.3
STLG iShares Factors US Growth Style ETF 42.9 25 35 4.1 +0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 42.6 25 35 5.6 +1.8
SYG SPDR MFS Systematic Growth Equity ETF 42.5 60 0 4.0 +0.2

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:
GraniteShares XOUT U.S. Large Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.3 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.50
 
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.