LeaderShares Equity Skew ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
SQEW is an actively managed fund that invests in global equities. The fund weights companies based on quantitative factors including statistical skew. |
Category | Global Equities |
Fund Sponsor | Redwood Investment Management |
Website | www.leadersharesetfs.com |
Inception date | May 12, 2020 |
Assets (mns) | $87 |
Currency | USD |
Expense ratio | 81 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 7 |
Wgt avg mkt cap (mns) | $402,917 |
Large cap (>$10bn) | 47.8% |
Mid cap ($2-10bn) | 31.8% |
Small cap (<$2bn) | 19.5% |
Developed mkts | 98.4% |
Emerging mkts | 1.0% |
ISHARES RUSSELL 2000 ETF | 34.7 % |
SPDRŽ PORTFOLIO S&P 500 VALUE ETF | 28.5 % |
SPDRŽ PORTFOLIO S&P 500 GROWTH ETF | 18.7 % |
SPDRŽ S&P 600 SMALL CAP VALUE ETF | 14.5 % |
SPDRŽ S&P 600 SMALL CAP GROWTH ETF | 1.9 % |
VANGUARD FTSE EMERGING MARKETS ETF | 1.1 % | Total | 99.5 % |
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UNITED STATES | 91.2 % |
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IRELAND | 0.9 % |
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BERMUDA | 0.6 % |
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BRITAIN | 0.5 % |
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CHINA | 0.3 % |
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TAIWAN | 0.2 % |
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INDIA | 0.2 % |
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PUERTO RICO | 0.2 % |
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CAYMAN ISLANDS | 0.2 % |
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SWITZERLAND | 0.2 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-2.4% | -0.3% | 7.5% | -- | 8.8% |
versus... | Beta | R-squared |
S&P500 | 1.08 | 92% |
MSCI EAFE | 0.81 | 55% |
MSCI Emg. Mkts. | 0.63 | 34% |
Recent close | $32.84 |
30d moving avg. | $32.10 |
Annualized volatility | 18.0% |
Short interest (ETF) | 0.0% |
Relative strength (RSI) | 58 |
Avg. volume (thou.) | 7 |
Turnover | 0.3% |
Bid/Ask (% of price) | 0.17% |
ADV underlying (mns) | $34,445 |
FINDING ALTERNATIVE FUNDS
Below is a list of 7 potential alternatives to the LeaderShares Equity Skew ETF ETF based on the alternatives' overlap in portfolio holdings with SQEW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | SQEW | Expense: | 81 bp | ALTAR Score™: | 5.1% |
Ticker | Fund Name |
Overlap1 vs SQEW (%) |
Expense ratio (bp) |
Savings vs SQEW (bp) |
ALTAR Score™ (%) |
ALTAR vs SQEW (%) |
SMMD | iShares Russell 2500 ETF | 34.7 | 15 | 66 | 6.5 | +1.4 |
RNIN | Bushido Capital US SMID Cap Equity ETF | 1.9 | 70 | 11 | 5.1 | -0.0 |
FFOX | FundX Future Fund Opportunities ETF | 1.7 | 100 | -19 | 4.4 | -0.7 |
CCMG | CCM Global Equity ETF | 1.1 | 34 | 47 | 8.8 | +3.6 |
SNPV | Xtrackers S&P 500 Value ESG ETF | 0.1 | 15 | 66 | 6.9 | +1.7 |
SNPG | Xtrackers S&P 500 Growth ESG ETF | 0.1 | 15 | 66 | 4.5 | -0.6 |
APIE | ActivePassive International Equity ETF | 0.1 | 45 | 36 | 7.4 | +2.3 |
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
2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2024 | 2025E | 2026E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
LeaderShares Equity Skew ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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