ROBO Global Artificial Intelligence ETF
ALTAR
Score™		 2.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 39.6x P/Sales
ratio		 5.6x
P/BV
ratio		 7.3x Div.
yield		 0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
THNQ tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence.

FUND BASICS
Category Global Equities
Fund Sponsor Exchange Traded Concepts
Website roboglobaletfs.com
Inception date May 08, 2020
Assets (mns) $307
Currency USD
Expense ratio 68 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives Yes
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 56
Wgt avg mkt cap (mns) $592,493
Large cap (>$10bn) 86.0%
Mid cap ($2-10bn) 10.7%
Small cap (<$2bn) 3.4%
Developed mkts 87.7%
Emerging mkts 12.3%

TOP TEN HOLDINGS
CLOUDFLARE INC CLASS A 4.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.6 %
JFROG LTD. 3.1 %
CYBERARK SOFTWARE LTD. 3.0 %
ALPHABET INC. CLASS A 2.9 %
LAM RESEARCH CORP 2.9 %
PURE STORAGE, INC. CLASS A 2.9 %
ARISTA NETWORKS, INC. 2.9 %
NVIDIA CORP 2.8 %
AMBARELLA INC 2.8 %
Total 31.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.0 %
TAIWAN 7.1 %
CHINA 5.2 %
ISRAEL 3.0 %
CANADA 2.5 %
NETHERLANDS 2.5 %
LUXEMBOURG 2.4 %
ARGENTINA 2.2 %
GERMANY 1.8 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
39.9% 49.6% 16.2% -- 20.0%

Market Correlations
versus... Beta R-squared
S&P500 1.55 72%
MSCI EAFE 0.56 12%
MSCI Emg. Mkts. 0.48 11%

Technical Indicators
Recent close $68.52
30d moving avg. $66.03
Annualized volatility 23.5%
Short interest (ETF) 0.5%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 28
Turnover 0.6%
Bid/Ask (% of price) 0.62%
ADV underlying (mns) $98,058

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 32 potential alternatives to the ROBO Global Artificial Intelligence ETF ETF based on the alternatives' overlap in portfolio holdings with THNQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: THNQ Expense: 68 bp ALTAR Score™: 2.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH THNQ
Ticker Fund
Name		 Overlap1
vs THNQ
(%)		 Expense
ratio
(bp)		 Savings
vs THNQ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs THNQ
(%)
GARP iShares MSCI USA Quality GARP ETF 26.9 15 53 3.8 +1.6
QYLD Global X NASDAQ 100 Covered Call ETF 25.8 60 8 3.6 +1.4
QRMI Global X NASDAQ 100 Risk Managed Income ETF 25.7 60 8 3.5 +1.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 25.5 60 8 3.6 +1.4
QCLR Global X NASDAQ 100 Collar 95-110 ETF 25.1 25 43 3.9 +1.7
QTR Global X NASDAQ 100 Tail Risk ETF 25.1 26 42 3.9 +1.7
MMLG First Trust Multi-Manager Large Growth ETF 24.8 85 -17 1.8 -0.4
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 24.5 68 0 3.5 +1.3
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 23.8 35 33 3.9 +1.7
FTQI First Trust Nasdaq BuyWrite Income ETF 19.6 75 -7 3.5 +1.3
SFLR Innovator Equity Managed Floor ETF 19.5 89 -21 3.7 +1.5
ACIO Aptus Collared Investment Opportunity ETF 19.3 79 -11 3.9 +1.7
XRMI Global X S&P 500 Risk Managed Income ETF 18.9 60 8 4.3 +2.1
XYLD Global X S&P 500 Covered Call ETF 18.9 60 8 4.2 +2.0
XYLG Global X S&P 500 Covered Call & Growth ETF 18.9 60 8 4.3 +2.1
XTR Global X S&P 500 Tail Risk ETF 18.6 26 42 4.6 +2.4
XCLR Global X S&P 500 Collar 95-110 ETF 18.6 25 43 4.6 +2.4
PBP Invesco S&P 500 BuyWrite ETF 18.4 49 19 4.4 +2.2
LCG Sterling Capital Focus Equity ETF 17.8 59 9 2.8 +0.6
FTHI First Trust BuyWrite Income ETF 17.5 75 -7 4.6 +2.4
TYLG Global X Information Technology Covered Call & Growth ETF 15.4 60 8 3.6 +1.4
EFIV SPDR S&P 500 ESG ETF 14.8 10 58 5.0 +2.8
CCOR Core Alternative ETF 14.7 107 -39 5.4 +3.2
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 14.5 58 10 2.7 +0.5
XVOL Acruence Active Hedge U.S. Equity ETF 13.9 83 -15 4.1 +1.9
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 11.2 82 -14 6.8 +4.7
DJIA Global X Dow 30 Covered Call ETF 9.4 60 8 4.9 +2.8
DYLG Global X Dow 30 Covered Call & Growth ETF 9.4 60 8 5.0 +2.8
DIVO Amplify CWP Enhanced Dividend Income ETF 6.8 55 13 4.8 +2.6
IDVO Amplify International Enhanced Dividend Income ETF 6.7 65 3 5.1 +2.9
QUSA VistaShares Target 15 USA Quality Income ETF 2.6 95 -27 0.0 -2.2
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 1.6 75 -7 6.0 +3.8

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
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 ROBO Global Artificial Intelligence 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 18.1 %
Divided by: Fwd. P/BV 6.3 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 2.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.58
 
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.