REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF
The S&P MidCap 400 Dividend Aristocrats ETF tracks an equal-weighted index of midcap companies that have increased their dividends for at least 15-consecutive years.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
40 bp
EXPENSES
$1.6 B
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | ProShares |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Feb 03, 2015 |
Assets (mns) | $1,563 |
Expense ratio | 40 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Dividends |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
REGAL BELOIT CORP | 3.5 % |
CASEY'S GENERAL STORES INC | 2.5 % |
TORO CO | 2.4 % |
CARLISLE COS INC | 2.3 % |
WILLIAMS-SONOMA INC | 2.2 % |
OGE ENERGY CORP | 2.2 % |
APTARGROUP INC | 2.2 % |
RPM INTERNATIONAL INC | 2.2 % |
NATIONAL RETAIL PROPERTIES | 2.2 % |
ESSENTIAL UTILITIES, INC. | 2.2 % |
Constituent Breakdown
Number of holdings | 50 |
Herfindahl-Hirschman Index | 213 |
Wgt avg mkt cap (mns) | $8,621 |
Large cap (>$10bn) | 27.9% |
Mid cap ($2-10bn) | 72.1% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.4 % | |
BERMUDA | 2.1 % | |
IRELAND | 1.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 1.2% | 8.2% | 7.4% | 3.8% | 7.5% | -- | 8.8% | Volatility | 12.9% | 14.7% | 16.7% | 16.5% | 22.2% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.75 | 70% |
MSCI EAFE | 0.79 | 72% |
MSCI Emg Mkts | 0.55 | 36% |
Liquidity Measures
Avg. volume (000) | 51 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $5,261 |
Technical Indicators
Recent close | $78.44 |
30d moving avg. | $74.86 |
Annualized volatility | 16.2% |
Relative strength (RSI) | 45 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 3.1% |
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. REGL |
Expenses vs. REGL |
ALTAR Score™ vs. REGL |
---|---|---|---|---|
XMLV | Invesco S&P MidCap Low Volatility ETF | 32.5% | -15 bp | +0.2% |
OUSM | ALPS O'Shares US Small-Cap Quality Dividend ETF | 20.6% | +8 bp | -1.4% |
XMHQ | Invesco S&P MidCap Quality ETF | 20.0% | -15 bp | 0.0% |
TMDV | ProShares Russell US Dividend Growers ETF | 18.9% | -5 bp | +0.0% |
HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 18.0% | +40 bp | -0.2% |
PEY | Invesco High Yield Equity Dividend Achievers ETF | 17.7% | +12 bp | +2.9% |
GLRY | Inspire Faithward Mid Cap Momentum ETF | 16.7% | +40 bp | +1.5% |
IJJ | iShares S&P Mid-Cap 400 Value ETF | 16.5% | -22 bp | +1.1% |
IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 16.1% | -25 bp | +1.2% |
MDYV | SPDR S&P 400 Mid Cap Value ETF | 16.1% | -25 bp | +1.2% |
Risk and Returns: REGL 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
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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
REGL
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™
REGL
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%. REGL's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places REGL in the 62nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
REGL
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 |
REGL (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
REGL | 40.0 | 7.4 | 47.4 |
Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .