BEDZ
AdvisorShares Hotel ETF
BEDZ is an actively managed ETF that provides exposure to US hotels, resorts, cruise lines and their sub-industries.
US
EQUITY
Active
MANAGEMENT STYLE
100 bp
EXPENSES
$3.3 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | AdvisorShares |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Apr 21, 2021 |
Assets (mns) | $3 |
Expense ratio | 100 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 | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
EXPEDIA GROUP INC | 5.6 % |
BOOKING HOLDINGS INC. | 5.4 % |
TARGET HOSPITALITY CORP. | 5.2 % |
XENIA HOTELS & RESORTS INC | 5.0 % |
INTERCONTINENTAL HOTELS GROUP PLC SPONSO | 4.9 % |
ROYAL CARIBBEAN CRUISES LTD | 4.9 % |
APPLE HOSPITALITY REIT INC | 4.5 % |
TRIP.COM GROUP LTD. SPONSORED ADR | 4.5 % |
NORWEGIAN CRUISE LINE HOLDIN | 4.4 % |
HOST HOTELS & RESORTS INC | 4.4 % |
Constituent Breakdown
Number of holdings | 27 |
Herfindahl-Hirschman Index | 405 |
Wgt avg mkt cap (mns) | $25,948 |
Large cap (>$10bn) | 56.1% |
Mid cap ($2-10bn) | 27.3% |
Small cap (<$2bn) | 16.6% |
Developed mkts. | 93.5% |
Emerging mkts. | 6.5% |
Country Exposure
UNITED STATES | 82.4 % | |
CHINA | 6.9 % | |
BRITAIN | 4.9 % | |
NETHERLANDS | 3.2 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -2.7% | 8.9% | 18.8% | -- | -- | -- | 2.1% | Volatility | 14.4% | 17.3% | 22.4% | 25.9% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.26 | 71% |
MSCI EAFE | 1.21 | 65% |
MSCI Emg Mkts | 0.80 | 27% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.25% |
ADV of underlying (mns) | $7,260 |
Technical Indicators
Recent close | $27.71 |
30d moving avg. | $28.15 |
Annualized volatility | 27.6% |
Relative strength (RSI) | 45 |
Short interest (ETF) | 0.7% |
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. BEDZ |
Expenses vs. BEDZ |
ALTAR Score™ vs. BEDZ |
---|---|---|---|---|
CRUZ | Defiance Hotel Airline and Cruise ETF | 29.8% | -55 bp | -6.9% |
PEJ | Invesco Leisure and Entertainment ETF | 29.7% | -42 bp | -0.9% |
JRNY | ALPS Global Travel Beneficiaries ETF | 29.0% | -35 bp | -3.1% |
AWAY | ETFMG Travel Tech ETF | 18.4% | -24 bp | -6.1% |
RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 16.0% | -60 bp | +2.4% |
NURE | Nuveen Short-Term REIT ETF | 15.0% | -65 bp | +3.8% |
VICE | AdvisorShares Vice ETF | 13.2% | -1 bp | +3.6% |
BJK | VanEck Gaming ETF | 12.8% | -35 bp | +0.0% |
EBIZ | Global X E-Commerce ETF | 12.8% | -50 bp | -0.7% |
LUX | Tema Luxury ETF | 12.8% | -25 bp | +2.0% |
Risk and Returns: BEDZ 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
BEDZ
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™
BEDZ
1.8%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 1.8% |
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%. BEDZ's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places BEDZ in the 5th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BEDZ
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 |
BEDZ (100 bp) Percentile rank | 81 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
BEDZ | 100.0 | 25.4 | 125.4 |
Peer Avg. | 69.7 | 23.8 | 93.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .