AIEQ
AI Powered Equity ETF
The AI Powered Equity ETF seeks to provide investment results that exceed broad U.S. Equity benchmark indices at equivalent levels of volatility. The fund typically invests in 40-70 names but analyzes and compares thousands of U.S. companies on a daily basis to find and optimize exposures within the portfolio.
US
EQUITY
Active
MANAGEMENT STYLE
75 bp
EXPENSES
$103.2 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | ETF Managers Group |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 17, 2017 |
| Assets (mns) | $103 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TESLA MOTORS INC | 8.9 % |
| ADVANCED MICRO DEVICES | 5.7 % |
| NVIDIA CORP | 5.6 % |
| COSTCO WHOLESALE CORP | 4.4 % |
| PROCTER & GAMBLE CO/THE | 4.3 % |
| APPLE INC | 4.1 % |
| EQUINIX INC | 4.0 % |
| ALPHABET INC. CLASS A | 3.7 % |
| PEPSICO INC | 3.1 % |
| SNOWFLAKE, INC. CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 114 |
| Herfindahl-Hirschman Index | 318 |
| Wgt avg mkt cap (mns) | $404,568 |
| Large cap (>$10bn) | 74.4% |
| Mid cap ($2-10bn) | 25.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
AUSTRALIA | 1.9 % |
 |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.5% | 16.9% | 10.9% | -3.1% | 7.7% | -- | 8.1% | Volatility | 15.8% | 17.1% | 24.4% | 23.7% | 25.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.15 | 71% |
| MSCI EAFE | 0.99 | 49% |
| MSCI Emg Mkts | 0.77 | 30% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.28% |
| ADV of underlying (mns) | $151,783 |
Technical Indicators
| Recent close | $35.58 |
| 30d moving avg. | $37.00 |
| Annualized volatility | 24.7% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 6.0% |
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. AIEQ |
Expenses vs. AIEQ |
ALTAR Score™ vs. AIEQ |
|---|---|---|---|---|
| SFYF | SoFi Social 50 ETF | 29.9% | -46 bp | -6.7% |
| SNPG | Xtrackers S&P 500 Growth ESG ETF | 28.6% | -60 bp | +1.5% |
| USMC | Principal U.S. Mega-Cap ETF | 27.8% | -63 bp | +1.7% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 26.1% | -71 bp | +1.1% |
| XLG | Invesco S&P 500 Top 50 ETF | 25.6% | -55 bp | +1.3% |
| VEGN | US Vegan Climate ETF | 25.6% | -15 bp | +1.5% |
| SNPE | Xtrackers S&P 500 ESG ETF | 24.8% | -65 bp | +1.9% |
| IVW | iShares S&P 500 Growth ETF | 24.6% | -57 bp | +1.3% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 24.6% | -71 bp | +1.4% |
| ILCG | iShares Morningstar Growth ETF | 24.5% | -71 bp | +0.8% |
Risk and Returns: AIEQ 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
AIEQ
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™
AIEQ
3.4%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.4% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. AIEQ's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places AIEQ in the 16th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
AIEQ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| AIEQ (75 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AIEQ | 75.0 | 28.4 | 103.4 |
| Peer Avg. | 53.9 | 22.2 | 76.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .