DHVW

Diamond Hill Valuation-Weighted 500

The Diamond Hill Valuation-Weighted 500 ETF tracks an index of approximately 500 of the largest US equities weighted by intrinsic value, which is determined using a number of fundamental factors.


6.2%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 58th

NEUTRAL

Recommendation
Fund Basics
Fund sponsorDiamond Hill
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMay 12, 2015
Assets (mns)$23
Expense ratio10 bp
CurrencyUSD
Constituent Breakdown
No. of constituents501
Herfindahl-Hirschman Index 98
Wgt avg mkt cap (mns)$246,714
Large cap (>$10bn)97.0%
Mid cap ($2-10bn)2.8%
Small cap (<$2bn)0.1%
Developed mkts.99.9%
Emerging mkts.0.1%
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingFundamental
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
AMAZON.COM INC 4.2 %
APPLE INC 3.7 %
MICROSOFT CORP 3.1 %
ALPHABET INC. CLASS A 2.5 %
BERKSHIRE HATHAWAY INC-CL B 2.2 %
FACEBOOK 2.0 %
JPMORGAN CHASE & CO 1.8 %
EXXON MOBIL CORP 1.6 %
BANK OF AMERICA CORP 1.5 %
VISA INC-CLASS A SHARES 1.3 %
Sector Breakdown
Country Exposure
UNITED STATES 101.4 %
IRELAND 1.1 %
BRITAIN 0.3 %
SWITZERLAND 0.2 %
BERMUDA 0.1 %
Historical Performance


Standardized Annual Returns (as of 03/31/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
13.4% 6.5% 10.8% 12.9% 0.0% 0.0% 9.5%
Market Correlations
versus...BetaR-squared
S&P 5001.0698%
MSCI EAFE0.8459%
MSCI Emg Mkts0.5638%
Liquidity Measures
Avg. volume (000)12
Turnover1.7%
Avg. Bid/Ask (% of price)0.12%
ADV of underlying (mns)$171,486
Technical Indicators
Recent close$32.43
30d moving avg.$32.38
Annualized volatility11.6%
Relative strength (RSI)52
Short interest (ETF)0.9%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  DHVW Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. DHVW
Expenses
vs. DHVW
ALTAR Score™
vs. DHVW
PBP Invesco S&P 500 Buy/Write 85.5% +39 bp -0.7%
VV Vanguard Large-Cap ETF 84.6% -5 bp -0.3%
HSPX Global X S&P 500 Covered Call 84.5% +55 bp -0.8%
VOO Vanguard S&P 500 ETF 84.3% -6 bp -0.2%
SPY S&P 500 SPDR 84.1% -1 bp -0.3%
IVV iShares Core S&P 500 84.0% -6 bp -0.2%
BBUS JP Morgan Betabuilders U.S. Equity 83.9% -8 bp -0.3%
PBUS Invesco PureBeta MSCI USA 83.7% -6 bp -0.1%
SCHX Schwab U.S. Large-Cap 82.9% -7 bp -0.3%
SPLG SPDR Portfolio Large Cap 81.8% -7 bp -0.3%
SFY SoFi Select 500 81.8% -10 bp +0.1%
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 81.7% +10 bp -0.2%
VONE Vanguard Russell 1000 81.5% +2 bp -0.3%
SPXE ProShares S&P 500 Ex-Energy 81.4% +17 bp -0.3%
IWB iShares Russell 1000 81.4% +5 bp -0.4%
SCHK Schwab 1000 Index 80.9% -5 bp -0.3%
IYY iShares DJ US Total Market 79.9% +10 bp -0.4%
MGC Vanguard Mega Cap 300 ETF 79.8% -3 bp -0.3%
EPS WisdomTree Earnings 500 78.9% +18 bp +0.7%
SPXV ProShares S&P 500 Ex-Health Care 78.4% +17 bp -0.5%

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Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

DHVW

6.2%

Cat. Avg

5.7%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.2%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 666 funds in the US Equities category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.2%. DHVW's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places DHVW in the 58th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
DHVW
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Today's Trading

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Where to Trade DHVW
Commission
on DHVW1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$1.00 54
$4.95 500
$4.95 357
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.