QARP
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
QARP tracks and index of US large-cap companies, selected and weighted based upon a combination of quality and value metrics. Quality metrics are given greater weight.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
19 bp
EXPENSES
$66.7 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 04, 2018 |
| Assets (mns) | $67 |
| Expense ratio | 19 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 5.6 % |
| META PLATFORMS INC | 5.4 % |
| APPLE INC | 4.9 % |
| EXXON MOBIL CORP | 3.8 % |
| ALPHABET INC. CLASS A | 3.1 % |
| ALPHABET INC. CLASS C | 2.8 % |
| COSTCO WHOLESALE CORP | 2.8 % |
| WAL-MART STORES INC | 2.5 % |
| CHEVRON CORP | 1.9 % |
| HOME DEPOT INC | 1.5 % |
Constituent Breakdown
| Number of holdings | 354 |
| Herfindahl-Hirschman Index | 174 |
| Wgt avg mkt cap (mns) | $752,982 |
| Large cap (>$10bn) | 97.0% |
| Mid cap ($2-10bn) | 2.9% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
IRELAND | 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 | 10.9% | 19.2% | 19.8% | 9.1% | 14.7% | -- | 13.6% | Volatility | 10.3% | 10.8% | 16.5% | 16.7% | 22.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 98% |
| MSCI EAFE | 0.87 | 78% |
| MSCI Emg Mkts | 0.62 | 41% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $350,189 |
Technical Indicators
| Recent close | $49.39 |
| 30d moving avg. | $49.78 |
| Annualized volatility | 17.1% |
| Relative strength (RSI) | 60 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QARP |
Expenses vs. QARP |
ALTAR Score™ vs. QARP |
|---|---|---|---|---|
| IUS | Invesco RAFI Strategic US ETF | 57.1% | 0 bp | +0.7% |
| VOO | Vanguard S&P 500 ETF | 53.3% | -16 bp | -1.1% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 52.8% | +10 bp | +3.4% |
| EPS | WisdomTree U.S. LargeCap Fund | 52.7% | -11 bp | -0.3% |
| VV | Vanguard Large-Cap ETF | 52.4% | -15 bp | -1.2% |
| VONE | Vanguard Russell 1000 ETF | 52.4% | -11 bp | -1.2% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 52.4% | +13 bp | -1.5% |
| CATH | Global X S&P 500 Catholic Values Custom ETF | 51.9% | +10 bp | -1.4% |
| MGC | Vanguard Mega Cap ETF | 51.9% | -12 bp | -1.4% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 51.3% | -10 bp | -0.8% |
Risk and Returns: QARP 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
QARP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QARP
6.5%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.5% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-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%. QARP's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places QARP in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QARP
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QARP (19 bp) Percentile rank | 20 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QARP | 19.0 | 10.9 | 29.9 |
| Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .