CWS
AdvisorShares Focused Equity ETF
The AdvisorShares Focused Equity ETF is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models.
Fund Basics
Fund sponsor | AdvisorShares |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Sep 20, 2016 |
Assets (mns) | $143 |
Expense ratio | 84 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
STRYKER CORP | 4.5 % |
AMERISOURCEBERGEN CORP | 4.4 % |
FISERV, INC. | 4.3 % |
SCIENCE APPLICATIONS INTE | 4.3 % |
AMPHENOL CORP-CL A | 4.2 % |
FAIR ISAAC CORP | 4.2 % |
INTERCONTINENTALEXCHANGE INC | 4.1 % |
ABBOTT LABORATORIES | 4.1 % |
THERMO FISHER SCIENTIFIC INC | 4.1 % |
HEICO CORP | 4.1 % |
Constituent Breakdown
Number of holdings | 27 |
Herfindahl-Hirschman Index | 398 |
Wgt avg mkt cap (mns) | $59,247 |
Large cap (>$10bn) | 76.3% |
Mid cap ($2-10bn) | 19.2% |
Small cap (<$2bn) | 4.5% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 99.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
3.7% | 21.3% | 13.3% | 11.6% | 14.1% | -- | 13.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.03 | 88% |
MSCI EAFE | 1.01 | 78% |
MSCI Emg Mkts | 0.69 | 39% |
Liquidity Measures
Avg. volume (000) | 12 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.46% |
ADV of underlying (mns) | $6,129 |
Technical Indicators
Recent close | $61.00 |
30d moving avg. | $54.74 |
Annualized volatility | 19.5% |
Relative strength (RSI) | 83 |
Short interest (ETF) | 0.3% |
Short interest (underlying) | 2.3% |
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. CWS |
Expenses vs. CWS |
ALTAR Score™ vs. CWS |
---|---|---|---|---|
TOLL | Tema Monopolies and Oligopolies ETF | 19.1% | -9 bp | -2.2% |
POWA | Invesco Bloomberg Pricing Power ETF | 12.3% | -44 bp | +0.3% |
MDCP | VictoryShares THB Mid Cap ESG ETF | 12.2% | -29 bp | +0.4% |
AIVL | WisdomTree U.S. AI Enhanced Value Fund | 11.6% | -46 bp | +1.9% |
RUNN | Running Oak Efficient Growth ETF | 10.7% | -26 bp | +0.0% |
XLV | Health Care Select Sector SPDR Fund | 10.6% | -75 bp | +2.3% |
IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 10.6% | -44 bp | +0.7% |
Risk and Returns: CWS 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 4/24/2024
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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
CWS
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™
CWS
4.8%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 4.8% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. CWS's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places CWS in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CWS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
CWS | 84.0 | 46.1 | 130.1 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .