AWAY
ETFMG Travel Tech ETF
AWAY tracks an index of global travel technology companies that are fundamentally screened and are weighted based on market cap and liquidity.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
76 bp
EXPENSES
$73.7 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | ETFMG |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 12, 2020 |
| Assets (mns) | $74 |
| Expense ratio | 76 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXPEDIA GROUP INC | 5.1 % |
| BOOKING HOLDINGS INC. | 4.7 % |
| AIRBNB, INC. CLASS A | 4.6 % |
| UBER TECHNOLOGIES, INC. | 4.4 % |
| MAKEMYTRIP LTD | 4.4 % |
| SABRE CORP | 4.4 % |
| GLOBAL BUSINESS TRAVEL GROUP, INC. CLASS | 4.2 % |
| WEBJET LTD | 4.1 % |
| ACCESSO TECHNOLOGY GROUP PLC | 4.1 % |
| TRAINLINE PLC | 4.1 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 383 |
| Wgt avg mkt cap (mns) | $23,195 |
| Large cap (>$10bn) | 29.1% |
| Mid cap ($2-10bn) | 29.9% |
| Small cap (<$2bn) | 41.1% |
| Developed mkts. | 77.9% |
| Emerging mkts. | 22.1% |
Country Exposure
 |
UNITED STATES | 38.2 % |
 |
BRITAIN | 11.6 % |
 |
CHINA | 10.1 % |
 |
AUSTRALIA | 8.1 % |
 |
INDIA | 4.4 % |
 |
SOUTH KOREA | 3.9 % |
 |
LUXEMBOURG | 3.7 % |
 |
SPAIN | 3.6 % |
 |
ARGENTINA | 3.5 % |
 |
JAPAN | 1.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.7% | 15.2% | 5.7% | -13.0% | -- | -- | 7.7% | Volatility | 18.7% | 20.7% | 25.5% | 28.7% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 38% |
| MSCI EAFE | 1.15 | 60% |
| MSCI Emg Mkts | 1.14 | 60% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $4,573 |
Technical Indicators
| Recent close | $19.13 |
| 30d moving avg. | $19.77 |
| Annualized volatility | 25.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
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. AWAY |
Expenses vs. AWAY |
ALTAR Score™ vs. AWAY |
|---|---|---|---|---|
| JRNY | ALPS Global Travel Beneficiaries ETF | 21.3% | -11 bp | +3.0% |
| BEDZ | AdvisorShares Hotel ETF | 18.4% | +24 bp | +6.1% |
| PEJ | Invesco Leisure and Entertainment ETF | 18.1% | -18 bp | +5.2% |
| IBUY | Amplify Online Retail ETF | 15.0% | -11 bp | +5.8% |
| BUYZ | Franklin Disruptive Commerce ETF | 13.5% | -26 bp | +6.4% |
| ISHP | First Trust Nasdaq Retail ETF | 12.7% | -16 bp | +7.5% |
| EBIZ | Global X E-Commerce ETF | 12.2% | -26 bp | +5.5% |
| PNQI | Invesco NASDAQ Internet ETF | 11.9% | -16 bp | +6.9% |
| MILN | Global X Millennial Consumer ETF | 10.7% | -26 bp | +7.4% |
Risk and Returns: AWAY 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
AWAY
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™
AWAY
-4.3%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -4.3% |
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 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. AWAY's ALTAR Score™ is approximately
1.7 standard deviations
below
the category average. This places AWAY in the 4th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
AWAY
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| AWAY (76 bp) Percentile rank | 88 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AWAY | 76.0 | 29.7 | 105.7 |
| Peer Avg. | 56.7 | 40.3 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .