DTRE
Alerian Disruptive Technology Real Estate ETF
DTRE tracks an index of REITs focused on disruptive technology business segments including rapid data transfer, data handling and e-commerce warehousing.
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 27, 2007 |
| Assets (mns) | $21 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DIGITAL REALTY TRUST INC | 7.6 % |
| EQUINIX INC | 6.6 % |
| PROLOGIS INC | 6.5 % |
| AMERICAN TOWER CORP-CL A | 6.1 % |
| SBA COMMUNICATIONS CORP. CLASS A | 6.0 % |
| CROWN CASTLE INTL CORP | 5.8 % |
| STAG INDUSTRIAL INC | 5.0 % |
| REXFORD INDUSTRIAL REALTY IN | 5.0 % |
| AMERICOLD REALTY TRUST | 4.8 % |
| TERRENO REALTY CORP | 4.7 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 484 |
| Wgt avg mkt cap (mns) | $26,532 |
| Large cap (>$10bn) | 43.2% |
| Mid cap ($2-10bn) | 49.0% |
| Small cap (<$2bn) | 3.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 78.0 % |
 |
JAPAN | 8.4 % |
 |
SINGAPORE | 5.9 % |
 |
BRITAIN | 4.9 % |
 |
HONG KONG | 1.5 % |
 |
BELGIUM | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.3% | -1.6% | -9.6% | 3.0% | 0.4% | 3.8% | 1.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 82% |
| MSCI EAFE | 1.01 | 78% |
| MSCI Emg Mkts | 0.81 | 48% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.73% |
| ADV of underlying (mns) | $1,158 |
Technical Indicators
| Recent close | $38.38 |
| 30d moving avg. | $40.17 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 1.0% |
| 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. DTRE |
Expenses vs. DTRE |
ALTAR Score™ vs. DTRE |
|---|---|---|---|---|
| ROOF | IQ US Real Estate Small Cap ETF | 55.5% | 0 bp | +0.7% |
| WTRE | WisdomTree New Economy Real Estate Fund | 46.6% | -2 bp | -1.8% |
| INDS | Pacer Benchmark Industrial Real Estate SCTR ETF | 41.4% | -5 bp | -1.1% |
| VPN | Global X Data Center REITs & Digital Infrastructure ETF | 38.9% | -10 bp | -1.3% |
| PSR | Invesco Active U.S. Real Estate Fund | 38.9% | -25 bp | +0.1% |
| ICF | iShares Cohen & Steers REIT ETF | 35.0% | -28 bp | +0.1% |
| SRVR | Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 34.5% | -5 bp | +0.8% |
| JPRE | JPMorgan Realty Income ETF | 33.6% | -10 bp | -0.1% |
| DFAR | Dimensional US Real Estate ETF | 32.9% | -41 bp | +0.7% |
| SPRE | SP Funds S&P Global REIT Sharia ETF | 32.3% | -1 bp | -1.6% |
Risk and Returns: DTRE 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/22/2023
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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
DTRE
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™
DTRE
7.0%
Cat. Avg
4.2%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.0% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.2% and a standard deviation of
5.1%. DTRE's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places DTRE in the 71st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DTRE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| DTRE | 60.0 | 73.1 | 133.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .