OUSM
ALPS O'Shares US Small-Cap Quality Dividend ETF
OUSM tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, and high yield factors.
US
EQUITY
Passive
MANAGEMENT STYLE
48 bp
EXPENSES
$573.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | OSI ETF Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 30, 2016 |
| Assets (mns) | $574 |
| Expense ratio | 48 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TRADEWEB MARKETS, INC. CLASS A | 2.1 % |
| JUNIPER NETWORKS INC | 2.0 % |
| PRIMERICA INC | 1.9 % |
| NEW YORK TIMES CO -CL A | 1.9 % |
| LINCOLN ELECTRIC HOLDINGS | 1.9 % |
| ENCOMPASS HEALTH CORPORATION | 1.9 % |
| TEXAS ROADHOUSE INC | 1.9 % |
| OLD REPUBLIC INTL CORP | 1.9 % |
| CHEMED CORP | 1.9 % |
| ITT, INC. | 1.9 % |
Constituent Breakdown
| Number of holdings | 105 |
| Herfindahl-Hirschman Index | 139 |
| Wgt avg mkt cap (mns) | $9,008 |
| Large cap (>$10bn) | 27.8% |
| Mid cap ($2-10bn) | 70.6% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.5 % |
 |
BERMUDA | 1.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.9% | 14.5% | 16.5% | 7.6% | 10.6% | -- | 9.2% | Volatility | 13.0% | 13.3% | 16.5% | 16.5% | 22.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 83% |
| MSCI EAFE | 0.95 | 82% |
| MSCI Emg Mkts | 0.65 | 39% |
Liquidity Measures
| Avg. volume (000) | 66 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $11,895 |
Technical Indicators
| Recent close | $43.03 |
| 30d moving avg. | $41.72 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 3.0% |
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. OUSM |
Expenses vs. OUSM |
ALTAR Score™ vs. OUSM |
|---|---|---|---|---|
| XMLV | Invesco S&P MidCap Low Volatility ETF | 29.2% | -23 bp | +1.5% |
| XMHQ | Invesco S&P MidCap Quality ETF | 23.6% | -23 bp | +1.3% |
| RNMC | First Trust Mid Cap US Equity Select ETF | 22.6% | +12 bp | +1.7% |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 22.4% | -28 bp | -0.8% |
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 21.2% | +32 bp | +1.1% |
| REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | 20.6% | -8 bp | +1.4% |
| XMMO | Invesco S&P MidCap Momentum ETF | 20.5% | -14 bp | +0.4% |
| DON | WisdomTree U.S. MidCap Dividend Fund | 19.0% | -10 bp | +3.2% |
| AFMC | First Trust Active Factor Mid Cap ETF | 18.6% | +17 bp | +2.1% |
| OSCV | Opus Small Cap Value ETF | 18.2% | +31 bp | +0.9% |
Risk and Returns: OUSM 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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
OUSM
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
OUSM
5.1%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.1% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. OUSM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places OUSM in the 40th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
OUSM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| OUSM (48 bp) Percentile rank | 75 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| OUSM | 48.0 | 9.4 | 57.4 |
| Peer Avg. | 24.7 | 9.9 | 34.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .