GraniteShares XOUT U.S. Large Cap ETF
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.6x P/Sales
ratio
3.0x
P/BV
ratio
5.6x Div.
yield
1.2%


  • 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) $31
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 250
Wgt avg mkt cap (mns) $528,561
Large cap (>$10bn) 99.0%
Mid cap ($2-10bn) 1.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.6 %
MICROSOFT CORP 8.3 %
AMAZON.COM INC 7.4 %
ALPHABET INC. CLASS A 5.6 %
FACEBOOK 3.8 %
JOHNSON & JOHNSON 1.9 %
MASTERCARD INC-CLASS A 1.8 %
PROCTER & GAMBLE CO/THE 1.6 %
HOME DEPOT INC 1.5 %
UNITEDHEALTH GROUP INC 1.3 %
Total 41.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
IRELAND 0.9 %
BRITAIN 0.3 %
SWITZERLAND 0.3 %







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.
3.8% -- -- -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $29.94
30d moving avg. $29.14
Annualized volatility 0.0%
Short interest (ETF) 3.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.7%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $179,851

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™: 4.4%


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
(%)
VONG Vanguard Russell 1000 Growth Index Fund 71.2 8 52 4.2 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 70.9 4 56 4.3 -0.1
IVW iShares S&P 500 Growth ETF 70.9 18 42 4.2 -0.2
VOOG Vanguard S&P 500 Growth ETF 70.8 10 50 4.2 -0.1
IUSG iShares Core S&P US Growth ETF 70.3 4 56 4.3 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 70.3 27 33 5.0 +0.6
IQSU IQ Candriam ESG US Equity ETF 70.0 9 51 5.1 +0.7
IWF iShares Russell 1000 Growth ETF 68.5 19 41 4.1 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 67.2 12 48 4.9 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 67.0 4 56 4.1 -0.3
IWL iShares Russell Top 200 ETF 66.4 15 45 5.0 +0.7
OEF iShares S&P 100 ETF 66.1 20 40 4.8 +0.4
VUG Vanguard Growth Index Fund 65.8 4 56 4.0 -0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 65.7 0 60 5.2 +0.8
PBP Invesco S&P 500 BuyWrite ETF 65.7 49 11 5.0 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 65.6 27 33 5.3 +0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 65.2 20 40 5.4 +1.0
MGC Vanguard Mega Cap Index Fund 65.1 7 53 5.2 +0.9
SNPE Xtrackers S&P 500 ESG ETF 65.0 11 49 5.1 +0.7
HSPX Global X S&P 500 Covered Call ETF 64.8 65 -5 4.9 +0.6
SPY SPDR S&P 500 ETF Trust 64.2 9 51 5.4 +1.0
SPLG SPDR Portfolio Large Cap ETF 64.1 3 57 5.4 +1.1
IVV iShares Core S&P 500 ETF 64.1 4 56 5.4 +1.0
IWY iShares Russell Top 200 Growth ETF 64.0 20 40 4.1 -0.3
VOO VANGUARD S&P 500 ETF 64.0 3 57 5.4 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 63.7 20 40 5.0 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 62.7 7 53 5.2 +0.8
ESGV Vanguard ESG U.S. Stock ETF 61.6 12 48 5.2 +0.8
VV Vanguard Large-Cap Index Fund 61.5 4 56 5.3 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 61.3 2 58 5.3 +0.9
PBUS Invesco PureBeta MSCI USA ETF 61.0 4 56 5.3 +0.9
XLG Invesco S&P 500 Top 50 ETF 60.8 20 40 4.4 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 60.7 49 11 4.1 -0.3
SCHX Schwab U.S. Large-Cap ETF 60.0 3 57 5.3 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 59.9 15 45 5.1 +0.7
MGK Vanguard Mega Cap Growth ETF 59.8 7 53 4.1 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 59.8 3 57 5.5 +1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 58.7 27 33 5.0 +0.6
TMFC Motley Fool 100 Index ETF 58.5 50 10 3.7 -0.7
SCHK Schwab 1000 Index ETF 58.3 5 55 5.3 +0.9
VONE Vanguard Russell 1000 ETF 58.3 8 52 5.3 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 58.1 29 31 5.2 +0.9
IWB iShares Russell 1000 ETF 57.6 15 45 5.2 +0.8
IYY iShares Dow Jones U.S. ETF 57.6 20 40 5.2 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 57.1 9 51 5.6 +1.2
IETC iShares Evolved U.S. Technology ETF 57.0 18 42 3.8 -0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 56.9 21 39 2.9 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 56.8 32 28 5.1 +0.7
SFY SoFi Select 500 ETF 56.5 0 60 5.2 +0.9
EPS WisdomTree U.S. Earnings 500 Fund 55.5 8 52 6.5 +2.1
SCHB Schwab U.S. Broad Market ETF 55.1 3 57 5.3 +0.9
IGM iShares Expanded Tech Sector ETF 55.0 46 14 3.8 -0.6
VTHR Vanguard Russell 3000 Index Fund 55.0 10 50 5.1 +0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 54.9 3 57 5.2 +0.8
VTI Vanguard Total Stock Market Index Fund 54.8 3 57 5.2 +0.8
QYLD Global X NASDAQ 100 Covered Call ETF 54.8 60 0 3.5 -0.9
NUSI Nationwide Risk-Managed Income ETF 54.7 68 -8 3.5 -0.9
IWV iShares Russell 3000 ETF 54.6 20 40 5.1 +0.7
QQQ Invesco QQQ Trust 54.5 20 40 3.8 -0.6
DSI iShares MSCI KLD 400 Social ETF 53.7 25 35 5.1 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 53.5 27 33 5.7 +1.3
EXT WisdomTree U.S. Total Earnings Fund 53.4 28 32 5.2 +0.9
NACP Impact Shares NAACP Minority Empowerment ETF 53.0 75 -15 4.5 +0.1
JHML John Hancock Multifactor Large Cap ETF 52.6 29 31 5.6 +1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 51.3 75 -15 3.8 -0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 51.2 15 45 6.2 +1.8
RECS Columbia Research Enhanced Core ETF 50.6 15 45 5.7 +1.3
QUS SPDR MSCI USA StrategicFactors ETF 49.4 15 45 5.9 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.2 10 50 5.3 +0.9
SUSL iShares ESG MSCI USA Leaders ETF 49.1 10 50 5.3 +0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 48.3 19 41 5.7 +1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 48.2 75 -15 4.5 +0.1
AVUS Avantis U.S. Equity ETF 47.7 15 45 5.8 +1.4
IUS Invesco Strategic US ETF 47.0 19 41 6.7 +2.4
VEGN US Vegan Climate ETF 46.6 60 0 5.2 +0.8
AFLG First Trust Active Factor Large Cap ETF 45.6 55 5 5.6 +1.2
HIPR Direxion High Growth ETF 45.1 40 20 2.8 -1.6
DIVB iShares U.S. Dividend & Buyback ETF 45.0 25 35 6.6 +2.3
JQUA JPMorgan U.S. Quality Factor ETF 44.3 12 48 5.3 +0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 43.8 12 48 4.8 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 43.7 30 30 6.6 +2.2
FDMO Fidelity Momentum Factor ETF 43.5 29 31 3.8 -0.6
STLG iShares Factors US Growth Style ETF 43.3 25 35 3.7 -0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 43.2 9 51 5.7 +1.3
TOK iShares MSCI Kokusai ETF 43.2 25 35 5.6 +1.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 43.2 15 45 4.1 -0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 43.2 25 35 6.6 +2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 43.2 28 32 6.4 +2.1
FQAL Fidelity Quality Factor ETF 43.1 29 31 5.5 +1.1
FVAL Fidelity Value Factor ETF 43.1 29 31 8.0 +3.7
SYG SPDR MFS Systematic Growth Equity ETF 43.0 60 0 4.3 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 42.6 25 35 6.7 +2.3
KRMA Global X Conscious Companies ETF 42.2 43 17 5.2 +0.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 41.9 42 18 5.4 +1.0
FDLO Fidelity Low Volatility Factor ETF 41.8 29 31 5.2 +0.8
DTD WisdomTree U.S.Total Dividend Fund 41.2 28 32 6.7 +2.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.9 25 35 6.6 +2.2
IYW iShares U.S. Technology ETF 40.7 42 18 4.0 -0.4
IOO iShares Global 100 ETF 40.3 40 20 4.7 +0.3
URTH iShares MSCI World ETF 40.1 24 36 5.7 +1.3

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 25.5 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.