USVT
US Value ETF
USVT tracks an equally-weighted index of large and midcap stocks listed on NYSE and NASDAQ, selected based on one-year-forward median analyst-projected P/E ratios, per FactSet.
Fund Basics
| Fund sponsor | Lyrical Partners |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 14, 2021 |
| Assets (mns) | $6 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLOVIN CORP. CLASS A | 0.8 % |
| XP INC. CLASS A | 0.7 % |
| FIRST CITIZENS BCSHS -CL A | 0.7 % |
| NEW YORK COMMUNITY BANCORP | 0.6 % |
| FLEXTRONICS INTL LTD | 0.6 % |
| TOLL BROTHERS INC | 0.6 % |
| PULTE HOMES INC | 0.6 % |
| OWENS CORNING | 0.6 % |
| UNITED CONTINENTAL HOLDINGS | 0.6 % |
| CAPITAL ONE FINANCIAL CORP | 0.6 % |
Constituent Breakdown
| Number of holdings | 200 |
| Herfindahl-Hirschman Index | 49 |
| Wgt avg mkt cap (mns) | $31,904 |
| Large cap (>$10bn) | 61.3% |
| Mid cap ($2-10bn) | 38.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.6% |
Country Exposure
 |
UNITED STATES | 91.7 % |
 |
BERMUDA | 2.0 % |
 |
BRITAIN | 1.3 % |
 |
IRELAND | 1.0 % |
 |
BRAZIL | 0.7 % |
 |
SINGAPORE | 0.6 % |
 |
PERU | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -5.6% | -4.5% | -- | -- | -- | -- | -0.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 66% |
| MSCI EAFE | 1.01 | 62% |
| MSCI Emg Mkts | 0.64 | 24% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 3.1% |
| Avg. Bid/Ask (% of price) | 0.28% |
| ADV of underlying (mns) | $51,243 |
Technical Indicators
| Recent close | $26.31 |
| 30d moving avg. | $24.82 |
| Annualized volatility | 25.7% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.4% |
| 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. USVT |
Expenses vs. USVT |
ALTAR Score™ vs. USVT |
|---|---|---|---|---|
| VFVA | Vanguard U.S. Value Factor ETF | 33.9% | -36 bp | -0.1% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 30.2% | +21 bp | +0.6% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 29.6% | +20 bp | -0.6% |
| AUSF | Global X Adaptive U.S. Factor ETF | 29.3% | -22 bp | -1.5% |
| FLDZ | RiverNorth Volition America Patriot ETF | 27.9% | +21 bp | -4.8% |
| FXO | First Trust Financials AlphaDEX Fund | 27.0% | +12 bp | +0.3% |
| GVLU | Gotham 1000 Value ETF | 26.5% | +1 bp | -1.3% |
| WTV | WisdomTree US Value Fund | 25.8% | -37 bp | -2.5% |
| EZM | WisdomTree U.S. MidCap Earnings Fund | 25.4% | -11 bp | -0.8% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 24.9% | -43 bp | -2.7% |
Risk and Returns: USVT 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
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2021 | 2022E | Fwd Est | 2023E | |
| 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 6/7/2023
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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
USVT
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™
USVT
11.2%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.2% |
Recommendation
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.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. USVT's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places USVT in the 95th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
USVT
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| USVT | 49.0 | 28.1 | 77.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .