BBLU
EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF
BBLU seeks to provide total return through an actively managed portfolio of US large-cap stocks selected through a model-driven statistical approach with narrow ESG overlay.
US
EQUITY
Active
MANAGEMENT STYLE
15 bp
EXPENSES
$191.0 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 17, 2022 |
| Assets (mns) | $191 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JPMORGAN CHASE & CO | 4.0 % |
| MICROSOFT CORP | 3.8 % |
| NVIDIA CORP | 3.7 % |
| ELI LILLY & CO | 3.7 % |
| META PLATFORMS INC | 3.7 % |
| APPLE INC | 3.6 % |
| BROADCOM INC. | 3.6 % |
| VISA INC. CLASS A | 3.3 % |
| TESLA MOTORS INC | 3.0 % |
| UNITEDHEALTH GROUP INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 285 |
| Wgt avg mkt cap (mns) | $755,525 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.8 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.4% | 20.6% | -- | -- | -- | -- | 28.9% | Volatility | 10.6% | 10.8% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 103% |
| MSCI EAFE | 0.72 | 69% |
| MSCI Emg Mkts | 0.68 | 52% |
Liquidity Measures
| Avg. volume (000) | 133 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $192,636 |
Technical Indicators
| Recent close | $11.99 |
| 30d moving avg. | $12.29 |
| Annualized volatility | 12.9% |
| Relative strength (RSI) | 62 |
| Short interest (ETF) | 0.4% |
| 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. BBLU |
Expenses vs. BBLU |
ALTAR Score™ vs. BBLU |
|---|---|---|---|---|
| USMC | Principal U.S. Mega-Cap ETF | 60.9% | -3 bp | -0.9% |
| XLG | Invesco S&P 500 Top 50 ETF | 55.0% | +5 bp | -1.3% |
| OEF | iShares S&P 100 ETF | 51.0% | +5 bp | -1.0% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 50.3% | +33 bp | +0.1% |
| SDEP | SFP Core Equity Strategy | 48.3% | -5 bp | +0.3% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 48.2% | +17 bp | -0.9% |
| EDOW | First Trust Dow 30 Equal Weight ETF | 48.1% | +35 bp | 0.0% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 47.7% | +13 bp | +0.1% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 47.5% | +15 bp | -1.1% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 46.6% | -7 bp | -0.7% |
Risk and Returns: BBLU 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
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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
BBLU
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™
BBLU
6.0%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.0% |
Recommendation
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.
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%. BBLU's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places BBLU in the 54th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BBLU
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 |
| BBLU (15 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BBLU | 15.0 | 13.5 | 28.5 |
| Peer Avg. | 69.7 | 23.8 | 93.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .