Siren Large Cap Blend Index ETF
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.9x P/Sales
ratio
3.5x
P/BV
ratio
4.2x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPQQ tracks an equal-weighted index of global large cap equities selected by market cap.

FUND BASICS
Category US Equities
Fund Sponsor SRN Advisors LLC
Website www.sirenetfs.com
Inception date Jul 01, 2020
Assets (mns) $2
Currency USD
Expense ratio 20 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $407,843
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FACEBOOK 3.9 %
AMAZON.COM INC 3.6 %
ADOBE SYSTEMS INC 3.5 %
ALPHABET INC. CLASS A 3.4 %
MICROSOFT CORP 3.4 %
COMCAST CORP-CL A 3.3 %
PEPSICO INC 3.1 %
QUALCOMM INC 3.1 %
NVIDIA CORP 2.5 %
BOEING CO 2.4 %
Total 32.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %
BRITAIN 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.0% -- -- -- 3.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $29.33
30d moving avg. $27.99
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $102,768

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Siren Large Cap Blend Index ETF ETF based on the alternatives' overlap in portfolio holdings with SPQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPQQ Expense: 20 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPQQ
Ticker Fund
Name
Overlap1
vs SPQQ
(%)
Expense
ratio
(bp)
Savings
vs SPQQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPQQ
(%)
XLG Invesco S&P 500 Top 50 ETF 55.8 20 0 4.3 -0.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 54.6 12 8 4.6 +0.1
OEF iShares S&P 100 ETF 53.3 20 0 4.5 +0.1
IWL iShares Russell Top 200 ETF 48.2 15 5 4.6 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 48.2 0 20 4.8 +0.3
MGC Vanguard Mega Cap Index Fund 47.4 7 13 4.8 +0.3
QYLD Global X NASDAQ 100 Covered Call ETF 46.3 60 -40 3.4 -1.1
NUSI Nationwide Risk-Managed Income ETF 46.2 68 -48 3.6 -0.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 45.8 60 -40 3.4 -1.1
QQQM Invesco NASDAQ 100 ETF 45.5 15 5 3.8 -0.7
QQQ Invesco QQQ Trust 45.5 20 0 3.7 -0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 44.6 60 -40 3.8 -0.6
ESG FlexShares STOXX US ESG Impact Index Fund 43.3 32 -12 4.8 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 42.3 15 5 5.9 +1.4
ESGV Vanguard ESG U.S. Stock ETF 42.0 12 8 4.7 +0.3
PBP Invesco S&P 500 BuyWrite ETF 42.0 49 -29 4.7 +0.2
IWY iShares Russell Top 200 Growth ETF 41.9 20 0 3.8 -0.7
HSPX Global X S&P 500 Covered Call ETF 41.6 60 -40 4.7 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 41.6 20 0 4.6 +0.2
FMK First Trust Mega Cap AlphaDEX Fund 41.2 70 -50 4.8 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 41.1 27 -7 4.6 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 41.0 60 -40 4.7 +0.2
SPY SPDR S&P 500 ETF Trust 40.9 9 11 5.0 +0.5
IVV iShares Core S&P 500 ETF 40.9 3 17 5.1 +0.6
EFIV SPDR S&P 500 ESG ETF 40.9 10 10 4.8 +0.3
SPLG SPDR Portfolio Large Cap ETF 40.9 3 17 5.1 +0.6
SNPE Xtrackers S&P 500 ESG ETF 40.8 10 10 4.8 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 40.7 27 -7 4.6 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 40.6 27 -7 4.9 +0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 40.4 20 0 5.0 +0.5
VOO VANGUARD S&P 500 ETF 40.3 3 17 5.1 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.3 7 13 4.8 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 40.2 8 12 6.0 +1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.2 2 18 4.9 +0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 40.0 25 -5 5.8 +1.3
VOOG Vanguard S&P 500 Growth ETF 39.9 10 10 4.1 -0.3
VV Vanguard Large-Cap Index Fund 39.7 4 16 4.8 +0.4
PBUS Invesco PureBeta MSCI USA ETF 39.5 4 16 4.8 +0.4
ACIO Aptus Collared Income Opportunity ETF 39.1 79 -59 4.4 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 38.9 15 5 5.5 +1.0
SCHX Schwab U.S. Large-Cap ETF 38.8 3 17 4.8 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 38.7 4 16 4.2 -0.3
IVW iShares S&P 500 Growth ETF 38.6 18 2 4.1 -0.4
ADME Aptus Drawdown Managed Equity ETF 38.5 79 -59 3.5 -1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 38.4 19 1 5.6 +1.1
TECB iShares US Tech Breakthrough Multisector ETF 38.2 40 -20 3.9 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 38.2 25 -5 6.3 +1.8
ECOZ TrueMark ESG Active Opportunities ETF 38.2 58 -38 3.3 -1.2
MGK Vanguard Mega Cap Growth ETF 38.1 7 13 3.9 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 38.1 3 17 5.1 +0.7
SCHK Schwab 1000 Index ETF 38.1 5 15 4.8 +0.4
IWB iShares Russell 1000 ETF 38.1 15 5 4.7 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 38.0 15 5 4.7 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 38.0 75 -55 4.6 +0.1
TMFC Motley Fool 100 Index ETF 37.9 50 -30 3.2 -1.2
DGRO iShares Core Dividend Growth ETF 37.8 8 12 6.3 +1.8
IYY iShares Dow Jones U.S. ETF 37.8 20 0 4.7 +0.2
JKE iShares Morningstar Large-Cap Growth ETF 37.6 25 -5 2.9 -1.6
QLC FlexShares US Quality Large Cap Index Fund 37.5 32 -12 4.9 +0.4
IGM iShares Expanded Tech Sector ETF 37.5 46 -26 3.6 -0.9
GVIP Goldman Sachs Hedge Industry VIP ETF 37.5 45 -25 3.5 -1.0
IWF iShares Russell 1000 Growth ETF 37.4 19 1 3.6 -0.8
SFY SoFi Select 500 ETF 37.4 0 20 4.8 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 37.4 28 -8 6.1 +1.6
FQAL Fidelity Quality Factor ETF 37.3 29 -9 5.2 +0.7
DSI iShares MSCI KLD 400 Social ETF 37.1 25 -5 4.8 +0.3
IUSG iShares Core S&P US Growth ETF 37.0 4 16 4.2 -0.3
VTHR Vanguard Russell 3000 Index Fund 37.0 10 10 4.7 +0.2
IQSU IQ Candriam ESG US Equity ETF 36.8 9 11 4.8 +0.3
MGV Vanguard Mega Cap Value ETF 36.8 7 13 6.8 +2.3
VONG Vanguard Russell 1000 Growth Index Fund 36.7 8 12 3.8 -0.7
SPXT ProShares S&P 500 Ex-Technology ETF 36.4 27 -7 5.2 +0.7
SCHG Schwab U.S. Large-Cap Growth ETF 36.3 4 16 3.4 -1.1
HIPR Direxion High Growth ETF 36.3 40 -20 4.4 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 36.2 29 -9 4.7 +0.3
SCHB Schwab U.S. Broad Market ETF 36.2 3 17 4.7 +0.3
IWV iShares Russell 3000 ETF 36.2 20 0 4.6 +0.1
SFYF SoFi 50 ETF 36.1 29 -9 1.0 -3.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 36.0 3 17 4.7 +0.2
FDLO Fidelity Low Volatility Factor ETF 35.9 29 -9 5.0 +0.5
VEGN US Vegan Climate ETF 35.9 60 -40 4.7 +0.3
IWX iShares Russell Top 200 Value ETF 35.6 20 0 6.3 +1.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 35.6 21 -1 2.9 -1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.5 12 8 4.2 -0.3
QUAL iShares MSCI Usa Quality Factor ETF 35.4 15 5 5.1 +0.6
FLLV Franklin Liberty U.S. Low Volatility ETF 35.4 29 -9 5.2 +0.8
VONE Vanguard Russell 1000 ETF 35.3 8 12 4.8 +0.3
VTI Vanguard Total Stock Market Index Fund 35.2 3 17 4.7 +0.2
DTD WisdomTree U.S.Total Dividend Fund 34.7 28 -8 6.3 +1.8
JQUA JPMorgan U.S. Quality Factor ETF 34.6 12 8 5.2 +0.7
LRGE ClearBridge Large Cap Growth ESG ETF 34.5 59 -39 3.6 -0.9
DFAU Dimensional US Core Equity Market ETF 34.5 12 8 5.0 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 34.5 75 -55 3.9 -0.6
RECS Columbia Research Enhanced Core ETF 34.3 15 5 5.3 +0.9
VYM Vanguard High Dividend Yield Index ETF 34.2 6 14 7.0 +2.6
RAFE PIMCO RAFI ESG U.S. ETF 34.0 29 -9 7.1 +2.6
FDRR Fidelity Dividend ETF for Rising Rates 34.0 29 -9 6.3 +1.9
YLDE ClearBridge Dividend Strategy ESG ETF 34.0 60 -40 4.6 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.8 49 -29 3.9 -0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Siren Large Cap Blend Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.6 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.