DARP
Grizzle Growth ETF
DARP is an actively managed fund of global stocks involved in four key growth themes: Digitization and Cloud Computing, Future Media and Entertainment, Health and Wellness, and Sustainability and Energy Transition.
Global
EQUITY
Active
MANAGEMENT STYLE
15.0 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 17, 2021 |
| Assets (mns) | $15 |
| Expense ratio | 75 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 +
| NVIDIA CORP | 20.7 % |
| MICROSOFT CORP | 9.9 % |
| APPLE INC | 7.6 % |
| MICRON TECHNOLOGY INC | 5.8 % |
| ALPHABET INC. CLASS A | 5.5 % |
| META PLATFORMS INC | 5.4 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 3.7 % |
| AIRBNB, INC. CLASS A | 3.3 % |
| AMERIGO RESOURCES LTD | 3.3 % |
| ASML HOLDING NV-NY REG SHS | 3.1 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 764 |
| Wgt avg mkt cap (mns) | $1,035,900 |
| Large cap (>$10bn) | 88.5% |
| Mid cap ($2-10bn) | 7.7% |
| Small cap (<$2bn) | 3.8% |
| Developed mkts. | 96.2% |
| Emerging mkts. | 3.8% |
Country Exposure
 |
UNITED STATES | 78.9 % |
 |
TAIWAN | 3.8 % |
 |
CANADA | 3.1 % |
 |
NETHERLANDS | 3.1 % |
 |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.2% | -- | -- | -- | -- | -- | 25.1% | Volatility | 21.6% | 19.7% | 23.1% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.79% |
| ADV of underlying (mns) | $73,171 |
Technical Indicators
| Recent close | $33.34 |
| 30d moving avg. | $29.85 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 63 |
| Short interest (ETF) | 0.5% |
| 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. DARP |
Expenses vs. DARP |
ALTAR Score™ vs. DARP |
|---|---|---|---|---|
| IWY | iShares Russell Top 200 Growth ETF | 43.5% | -55 bp | +1.4% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 43.0% | -47 bp | +1.6% |
| MGK | Vanguard Mega Cap Growth ETF | 42.2% | -68 bp | +1.1% |
| EGUS | iShares ESG Aware MSCI USA Growth ETF | 41.9% | -57 bp | +1.4% |
| IYW | iShares U.S. Technology ETF | 41.8% | -35 bp | +1.1% |
| IVW | iShares S&P 500 Growth ETF | 41.7% | -57 bp | +1.3% |
| VOOG | Vanguard S&P 500 Growth ETF | 41.7% | -65 bp | +1.4% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 41.6% | -71 bp | +1.4% |
| IWF | iShares Russell 1000 Growth ETF | 41.4% | -56 bp | +1.3% |
| VONG | Vanguard Russell 1000 Growth ETF | 41.4% | -67 bp | +1.4% |
Risk and Returns: DARP 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 10/22/2024
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
DARP
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 Rating
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.
ALTAR Score™
DARP
3.2%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. DARP's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places DARP in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DARPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| DARP (75 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DARP | 75.0 | 79.4 | 154.4 |
| Peer Avg. | 75.0 | 38.7 | 113.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .