ECML
Euclidean Fundamental Value ETF
ECML is an actively managed fund that targets US value stocks of any market-cap across all sectors, excluding financials. The fund uses a multi-step approach that applies machine learning in its proprietary models.
US
EQUITY
Active
MANAGEMENT STYLE
183.6 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
Fund sponsor | Alpha Architect |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | May 18, 2023 |
Assets (mns) | $184 |
Expense ratio | 95 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
GREEN BRICK PARTNERS, INC. | 2.1 % |
TOLL BROTHERS INC | 2.0 % |
CAREER EDUCATION CORP | 2.0 % |
KB HOME | 1.9 % |
PULTE HOMES INC | 1.9 % |
MUELLER INDUSTRIES INC | 1.9 % |
NVR INC | 1.9 % |
HEIDRICK & STRUGGLES INTL | 1.8 % |
TAYLOR MORRISON HOME CORP-A | 1.8 % |
GROUP 1 AUTOMOTIVE INC | 1.8 % |
Constituent Breakdown
Number of holdings | 67 |
Herfindahl-Hirschman Index | 155 |
Wgt avg mkt cap (mns) | $19,085 |
Large cap (>$10bn) | 37.7% |
Mid cap ($2-10bn) | 41.3% |
Small cap (<$2bn) | 19.6% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 98.8 % | |
CANADA | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 1.9% | 14.7% | -- | -- | -- | -- | 12.8% | Volatility | 16.0% | 18.0% | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.04 | 44% |
MSCI EAFE | 1.17 | 67% |
MSCI Emg Mkts | 0.97 | 43% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.38% |
ADV of underlying (mns) | $5,313 |
Technical Indicators
Recent close | $34.23 |
30d moving avg. | $33.27 |
Annualized volatility | 21.0% |
Relative strength (RSI) | 47 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. ECML |
Expenses vs. ECML |
ALTAR Score™ vs. ECML |
---|---|---|---|---|
SURE | AdvisorShares Insiders Advantage ETF | 25.5% | -5 bp | -3.1% |
VFLO | VictoryShares Free Cash Flow ETF | 24.8% | -56 bp | -3.7% |
VAMO | Cambria Value & Momentum ETF | 24.3% | -34 bp | -3.7% |
SYLD | Cambria Shareholder Yield ETF | 24.3% | -36 bp | -1.7% |
FLOW | Global X U.S. Cash Flow Kings 100 ETF | 24.2% | -70 bp | -2.3% |
COWZ | Pacer US Cash Cows 100 ETF | 23.6% | -46 bp | -1.9% |
XHB | SPDR S&P Homebuilders ETF | 23.5% | -60 bp | -3.1% |
SMRI | Bushido Capital US Equity ETF | 22.6% | -24 bp | -4.1% |
DSMC | Distillate Small/Mid Cash Flow ETF | 22.1% | -40 bp | -1.2% |
QVAL | Alpha Architect US Quantitative Value ETF | 21.0% | -56 bp | -2.1% |
Risk and Returns: ECML vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ECML
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
ECML
12.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. ECML's ALTAR Score™ is approximately
3.0 standard deviations
above
the category average. This places ECML in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ECMLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active US Equity ETFs |
# of ETFs | 308 |
Avg. Expense Ratio | 67.1 bp |
Std. Deviation | 37 bp |
ECML (95 bp) Percentile rank | 79 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
ECML | 95.0 | 37.8 | 132.8 |
Peer Avg. | 35.4 | 14.9 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .