CRUZ

Defiance Hotel Airline and Cruise ETF

CRUZ tracks a modified market-cap-weighted index that gives global exposure to the airline, hotel and cruise industries.


Rules-Based, Concentrated

MANAGEMENT MATRIX

TRYP

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorDefiance ETFs
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateJun 03, 2021
Assets (mns)$17
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings Transparency
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MARRIOTT INTERNATIONAL-CL A 9.3 %
HILTON WORLDWIDE HOLDINGS, INC. 7.6 %
DELTA AIR LINES INC 6.2 %
RYANAIR HOLDINGS PLC SPONSORED ADR 6.1 %
CARNIVAL CORP 5.5 %
ROYAL CARIBBEAN CRUISES LTD 4.9 %
SOUTHWEST AIRLINES CO 4.7 %
UNITED CONTINENTAL HOLDINGS 3.6 %
INTL CONSOLIDATED AIRLINE-DI 3.3 %
INTERCONTINENTAL HOTELS GROUP PLC SPONSO 3.2 %
Constituent Breakdown
Number of holdings52
Herfindahl-Hirschman Index 400
Wgt avg mkt cap (mns)$18,272
Large cap (>$10bn)56.2%
Mid cap ($2-10bn)42.9%
Small cap (<$2bn)0.9%
Developed mkts.93.2%
Emerging mkts.6.8%
Country Exposure
UNITED STATES 61.5 %
BRITAIN 10.6 %
JAPAN 6.4 %
IRELAND 6.1 %
CHINA 2.5 %
AUSTRALIA 2.0 %
FRANCE 1.9 %
TAIWAN 1.9 %
CANADA 1.8 %
SINGAPORE 1.6 %
Historical Performance


Standardized Annual Returns (as of 10/31/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-- -- -- -- -- -- -9.3%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)23
Turnover2.7%
Avg. Bid/Ask (% of price)0.30%
ADV of underlying (mns)$7,788
Technical Indicators
Recent close$19.84
30d moving avg.$22.32
Annualized volatility0.0%
Relative strength (RSI)33
Short interest (ETF)1.4%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: CRUZ 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
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2020 2021E Fwd Est 2022E
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 --%
0.7 21.9 2.4 0.4% --
Based on closing prices from 11/26/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CRUZ



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™

CRUZ

-1.7%

Cat. Avg

3.4%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-1.7%
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 259 funds in the Global Equities category, with an average ALTAR Score™ of 3.4% and a standard deviation of 4.2%. CRUZ's ALTAR Score™ is approximately 1.2 standard deviations below the category average. This places CRUZ in the 11st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
CRUZ
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CRUZ 45.0 30.1 75.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.