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Post by anitya on Oct 7, 2022 22:22:29 GMT
There got to be good ETFs (with a minimum AUM of $100M or more) than just the routinely mentioned SCHD (I happen to own).
To start the thread,
DSTL - Distillate U.S. Fundamental Stability & Value ETF (DSTL) - $800M AUM - has gone through 2020 bear market. (Reconstituted quarterly after the close of trading on the 3rd business day of each January, April, July, and October, utilizing data typically from the last business day of the month preceding the reconstitution.)
TACK - Fairlead Tactical Sector Fund (TACK) - $150M AUM - tactically uses the 11 sector ETFs + Treasuries + gold ETF to rotate. This is a sector rotation T/A fund. (The fund portfolio is reconstituted monthly, on the first trading day of the month. Month-end data is used for indicator calculations.)
Thanks.
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Post by johnsmith on Oct 15, 2022 5:17:56 GMT
There got to be good ETFs (with a minimum AUM of $100M or more) than just the routinely mentioned SCHD (I happen to own). To start the thread, DSTL - Distillate U.S. Fundamental Stability & Value ETF (DSTL) - $800M AUM - has gone through 2020 bear market. (Reconstituted quarterly after the close of trading on the 3rd business day of each January, April, July, and October, utilizing data typically from the last business day of the month preceding the reconstitution.) TACK - Fairlead Tactical Sector Fund (TACK) - $150M AUM - tactically uses the 11 sector ETFs + Treasuries + gold ETF to rotate. This is a sector rotation T/A fund. (The fund portfolio is reconstituted monthly, on the first trading day of the month. Month-end data is used for indicator calculations.) Thanks.
I found these ETFs intriguing, I just don't know how good they are
Cambria Shareholder Yield ETF (SYLD)
Cambria Foreign Shareholder Yield ETF (FYLD)
Cambria Global Value ETF (GVAL)
Cambria Global Momentum ETF (GMOM)
Cambria Global Asset Allocation ETF (GAA)
Cambria Emerging Shareholder Yield ETF (EYLD)
Cambria Value and Momentum ETF (VAMO)
Cambria Global Tail Risk ETF (FAIL)
Cambria Tail Risk ETF (TAIL)
Cambria Trinity ETF (TRTY)
Cambria Cannabis ETF (TOKE)
Cambria Global Real Estate ETF (BLDG)
Not sure about AUM; I do use TAIL
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Post by anitya on Oct 24, 2022 18:35:55 GMT
johnsmith , I just saw your post - sorry for not acknowledging sooner. All, I know some members own QQQJ, which debuted in October 2020. It has 2 years of history and $700M AUM. Any thoughts you guys could share: pros and cons? Too soon to judge? My observations: So far, it has performed better than I had expected. Given its smaller cap constituents, it is not unreasonable that it is more volatile than QQQ, rising more in uptrend and dropping more in a down market. YTD performance is close but 1 yr under-performance by 8% as smaller caps peaked sooner than larger caps. From ETF.com: "QQQJ tracks a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ concentrates its portfolio to 100 largest companies by market cap that are next-generation constituents of the NASDAQ-100 Index. As such, securities must meet the existing NASDAQ-100 index eligibility criteria. QQQJ reflects companies from all major sectors, except financial firms as classified under the ICB Industry Classification Benchmark. Eligible security types are traded stocks, tracking stocks, shares of beneficial interest, limited partnership interests, and ADRs. Holdings are weighted using a methodology that is a hybrid of equal and market-cap weighting. Under this methodology, each issuer is capped at 4% weight. The index is rebalanced quarterly and reconstituted annually."
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Post by richardsok on Nov 8, 2022 18:00:09 GMT
That's a good list, John. One or two strike me as gimmicky, but now we have something to look into. Maybe some of us will poke around.
anitya -- I have looked at QQQJ and its sister "Q" ETFs for a long time. I have no criticism of them, but I have always wandered elsewhere b/c their volatility keeps them less tradeable on technical signals I use.
For my part, I'm going to surmise that the bad news is well priced into European stocks. At today's open I bought an opening position in SDIV. Enormous distribution that would be good even if it were slashed in half. Possibly has found some support. Say what you will, I can't be accused of buying at the top.
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Post by uncleharley on Nov 8, 2022 18:08:58 GMT
I have found that ETFs enable an IRA owner to do some things that they cannot do otherwise such as sell short and use leverage. S & T QQQ are a couple that come to mind. This morning I opened a position in NUGT which I have high hopes for. There are many others. My intent is to point out some uses for a small part of an IRA if one is so inclined to do so.
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Post by archer on Nov 8, 2022 19:08:06 GMT
I just bought some JEPI. I have seen it mentioned in other threads here. Over 14B in assets.
Tied YTD with SCHD. Lower SD. Over the funds life it is a few % less than SCHD but slightly less Sharpe. 10.6% yield, and has also grown nicely for TR investors in 2020 and 2021, and looking well for 2022 considering.
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Post by anitya on Nov 8, 2022 19:31:01 GMT
SDIV - www.globalxetfs.com/funds/sdiv/ In addition to uncleharley comment, I think all high beta ETFs are better owned in an IRA so no tax frictions / inertia when one sees a time to de-risk portfolio. While not an endorsement of CDC, we had a thorough discussion of this ETF in an earlier thread. I am just copying a link to that thread in case somebody wants to review that material big-bang-investors.proboards.com/post/26264 big-bang-investors.proboards.com/post/26279 In case that thread disappears for whatever reason, CDC index methodology is at indexes.nasdaqomx.com/docs/methodology_Nasdaq_Victory.pdf CDC underperformed since Oct 2 as a result of going to 50% cash at the time of recent market bottom. |
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Post by anitya on Nov 9, 2022 19:59:52 GMT
Looking to take a tax loss on VIGI (Vanguard international div growth). Is it better to double up this ETF and then take a loss after 31 days or just look for a similar but not identical security (and not double up)? If the latter, any suggestions (both ETFs and mutual funds) would be appreciated?
Doubling up will not kill me but if there is a better long term hold product for international dividends, I would rather switch over. (I do not mind moving away from Vanguard ETFs that are a class of their mutual funds). Thanks
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Post by Deleted on Nov 10, 2022 3:04:37 GMT
Looking to take a tax loss on VIGI (Vanguard international div growth). Is it better to double up this ETF and then take a loss after 31 days or just look for a similar but not identical security (and not double up)? If the latter, any suggestions (both ETFs and mutual funds) would be appreciated? Doubling up will not kill me but if there is a better long term hold product for international dividends, I would rather switch over. (I do not mind moving away from Vanguard ETFs that are a class of their mutual funds). Thanks IGRO is similar to VIGI; low cost, higher distributions, with slightly better performance. |
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Post by anitya on May 12, 2023 22:04:06 GMT
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Post by Chahta on Jun 8, 2023 13:19:49 GMT
I bought DGRS and the end of last year. Made good money and ride it down to a loss. It’s back up again. Such is the life of a SC fund. Pays a decent dividend. Hope to own it long term.
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Post by anitya on Jun 17, 2023 1:00:42 GMT
JQUA - JP Morgan US Quality Factor ETF - currently has 240 constituents. Divorsified? During its life time since 2017, highly correlated risk & returns with SPY. It appears to have kept up with SPY for TR but with slightly lower volatility. Cumulative TR was lower by 1.5% as of 12/31/2021 but higher by 5% (76.5% vs 71.5% for SPY) as of mid June 2023. (DSTL with higher returns appears to be less correlated to SPY than JQUA is.) (Somebody can run a PV if a more scientific measurement is preferred.) am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-quality-factor-etf-etf-shares-46641q761JQUA - Tracks the JP Morgan US Quality Factor Index - www.ftserussell.com/products/indices/jpmorgan-factor . At this link scroll down to the specific index to download a four page document. specifics are sparse - secret sauce (proprietary?), though the document claims index methodology is transparent and freely available.
- Utilizes a rules-based approach that matches Russell 1000 sector weights and selects stocks based on quality and profitability characteristics
- Aims to provide exposure to higher quality stocks while mitigating stock specific risk
Index is reviewed quarterly M, J , S, D; can not find dates in those months.
The JP Morgan US Quality Factor Index is comprised of US securities selected from the Russell
1000® Index and uses a rules-based risk allocation and factor selection process developed in
conjunction with J.P. Morgan Asset Management. The index is designed to reflect a sub-set of
US securities selected for their factor characteristics. The index selects constituents based on
their quality as measured by diversified definitions of their profitability, solvency, and earnings
quality without undue concentration in individual securities.
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Post by anitya on Jun 17, 2023 1:36:10 GMT
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Post by Chahta on Jun 17, 2023 3:00:09 GMT
JQUA has been beating my long term holding of SCHX. It is not quite total market since it has no SC holdings. Thus my purchase of DGRS.
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Post by chang on Jun 17, 2023 5:39:28 GMT
I own SCHD and VIG for domestic, and SCHY for international. I hardly ever watch them; I consider them “core” funds. But if I were looking for new ETFs, I would look at the ETFs from DFA. They have a long mutual fund record. www.dimensional.com/us-en/etfs |
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Post by yogibearbull on Jun 17, 2023 10:31:51 GMT
I put the brand new ETF TCAF on my watch list. Its an active ETF from Price and managed by Giroux. It has 100% equity and is like a second-cousin to the closed moderate-allocation OEF PRWCX.
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Post by archer on Jun 17, 2023 15:22:46 GMT
I put the brand new ETF TCAF on my watch list. Its an active ETF from Price and managed by Giroux. It has 100% equity and is like a second-cousin to the closed moderate-allocation OEF PRWCX. Thanks Yogi. I didn't know it was available to trade yet. Not much to be found on it, I guess because it is so new. Yahoo has one day of price movement which was pretty bad compared to SPY or any of the 9 blocks (size style) |
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Post by anitya on Jun 17, 2023 16:27:57 GMT
As indicated in the OP, I would prefer not to discuss in this thread about ETFs that are not or not close to $100M in AUM, primarily because they may not be liquid enough to make them serious holdings. A lot of ETFs even from well known asset managers Close if they do not gather sufficient AUM.
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Post by bizman on Jun 18, 2023 19:47:31 GMT
Any thoughts on FNDF (Schwab Fundamental Intl Large Co ETF) as a potential improvement on SCHY? It has no (very little 0.14%) China or Taiwan exposure and M* says their forward P/E is 9.79. For comparison, M* says SCHY forward P/E is 11.31 and their combined China/Taiwan exposure is 9.98%. I currently have no purely international exposure and am thinking about FNDF.
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Post by anitya on Jun 18, 2023 20:00:51 GMT
Any thoughts on FNDF (Schwab Fundamental Intl Large Co ETF) as a potential improvement on SCHY? It has no (very little 0.14%) China or Taiwan exposure and M* says their forward P/E is 9.79. I currently have no purely international exposure and am thinking about FNDF. say more, share more. e.g., share the comparison metrics you have looked up and any preliminary analysis and conclusions you have drawn? |
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Post by bizman on Jun 18, 2023 20:05:38 GMT
Hi anitya , I must have edited my post after your reply. FNDF forward P/E is 9.79 and combined China/Taiwan exposure is 0.14%. SCHY forward P/E is 11.31 and combined China/Taiwan exposure is 9.98%. Again, according to M* data, while both have short histories, SCHY has 1 year data, and FNDF has 5 year+ data history, SCHY is below the index return where FNDF is above the index return out to 5 years. Edited to add:China/Taiwan issues make me nervous, so I would like to avoid that to the degree I can. While the yield appears a bit lower on FNDF than SCHY, I am leaning toward FNDF. 2nd edit:FNDF does have a substantial position in Japan of 28.14%, versus SCHY at 12.96%. Some could consider this an issue, but I tend to think Japan instead of China/Taiwan makes sense, especially with Buffett's recent Japanese buys and the talk about Japan being cheap. Any other takes? |
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Post by anitya on Jun 18, 2023 20:45:26 GMT
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Post by yogibearbull on Jun 18, 2023 21:14:33 GMT
anitya , an interesting firm. BondBloxx is a private firm founded by a group of former BlackRock/ BLK employees that has been financed through private-equity. It has $1.5 billion AUM in 19 bond ETFs. It offers only bond ETFs, and several have target-durations (and use Bloomberg indexes) that are more precise than typical maturities or durations of ultra-ST, ST, IT, LT that are ranges. Their advantage over target-maturity ETFs is that they don’t expire. Based on these, it claims to be an “exclusive” and “precision” bond firm. It farms out trading and other services to Northern Trust/ NTRS. It has been added to my collection of stuff.
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Post by anitya on Sept 25, 2023 19:16:47 GMT
I have been thinking about looking for HY sector ETFs. bondbloxxetf.com/products/ also has sector High Yield ETFs for nearly 18 months but they have not gathered any meaningful AUM. Then they have launched sector rotation HY ETF - HYSA. (One of the advantages of ETFs is the access to Option Chains. Not too many CEFs have trading Options.)
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Post by anitya on Oct 30, 2023 23:28:29 GMT
US Treasury Benchmark Series ETFs - www.ustreasuryetf.com/our-etfs/. They have an ETF for each Treasury Tenor, starting with 3 month to 30 yr. They roll the holdings every month to prevent time decay of each tenor. yogibearbull , I was thinking of buying either the Benchmark Series or BondBlox for a two year maturity / duration rather than buying 2 yr US Treasury Notes so I have an ease of selling and also keep potentially the same duration instrument than the single Treasury Note. I ran comparative YTD total return chart of XTWO (Bondblox) and UTWO (Benchmark Series). If I had bought a 2 yr Treasury Note on Jan 2, my total return now would have been substantially higher than either of those ETFs, after taking account their expense ratios and any loss I would suffer from selling the Treasury Note. Same issue if I were to compare XONE & OBIL against 1 yr T Bill bought on Jan 2 (which is now a two month instrument). Are the roll costs making them worse because rates have risen since the beginning of the year or is it something else? I am fine with a de-minimus roll cost if that is what it is. |
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Post by yogibearbull on Oct 31, 2023 0:13:34 GMT
anitya , I looked into US Benchmark Series Treasury ETFs (I had been aware of them but didn't look closely before). So, UTWO (2-yr ETF) waits for each monthly auction of 2-yr to be complete and then rolls the ENTIRE position ($331 million) in the secondary market. I suppose it can do that because the Treasury market is very liquid, but I don't like that sort of mechanical execution. Imagine if it ever gets into billions AUM. That means that it maintains 2-yr maturity within 1 mo. Fair comparison would be with ST bond ETF such as BSV, not with m-mkt VMFXX or ultra-ST funds USFR, ICSH (or T-Bills). UTWO lags the options you mentioned because Jan 2023 was still a bit early to go into ST bond funds. Chart UTWO BSV VMFXX ICSH USFRWebsite www.ustreasuryetf.com/our-etfs/
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Post by anitya on Oct 31, 2023 2:21:33 GMT
yogibearbull , Excellent thoughts. My apologies for my garbled comparing UTWO & XTWO against 1 yr T Bill - I did not intend to do that. I had multiple starts and stops to that post and ended up with a mess. I fixed it now if you do not mind reading, though I do not think your reply changes. I found Bondblox outperforming Benchmark series stuff more than can be explained by diff in ER. Do you mind commenting? Do you see anything troublesome or idiosyncratic about Bondblox (e.g., XTWO) construction?
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Post by yogibearbull on Oct 31, 2023 10:50:37 GMT
I did look at Bondbloxx series a while back. XTWO has lower ER (5 bps vs 15 bps for UTWO). But XTWO has 2-yr DURATION (so probably 3-5 yr maturities) vs UTWO 2-yr MATURITY. Typically, duration << maturity EXCEPT for Zeros. Also, XTWO has 71 holdings vs UTWO 1 holding. So, IMO, XTWO and UTWO aren't comparable series "by years". But I was surprised that XTWO has done better than UTWO - duration or maturity extensions being penalized recently. Chart XTWO UTWO BSV USFR VMFXX |
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Post by keppelbay on Oct 31, 2023 12:41:55 GMT
richardsok , thanks for your comments (elsewhere) on the Heiken-Ashi Smoothed indicator. I note your point that TA indicators work better with low volatility shares. I wonder if you would mind taking a quick look at the ishares ETF IEDL and sharing your view on whether this meets your volatility criteria. thx!!
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Post by richardsok on Oct 31, 2023 13:36:40 GMT
richardsok , thanks for your comments (elsewhere) on the Heiken-Ashi Smoothed indicator. I note your point that TA indicators work better with low volatility shares. I wonder if you would mind taking a quick look at the ishares ETF IEDL and sharing your view on whether this meets your volatility criteria. thx!! Hi, kep -- Are you sure IEDL is the correct symbol? I couldn't find it anywhere. |
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