ENRG

SoFi Smart Energy ETF

SHFT is tracks an equal-weighted index of global companies of any market size that enable the practice of distributed energy generation.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

59 bp

EXPENSES

$1.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorToroso Investments
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJul 20, 2021
Assets (mns)$2
Expense ratio59 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionPrinciples-based
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
RESIDEO TECHNOLOGIES, INC. 2.8 %
EVGO, INC. CLASS A 2.8 %
SUNPOWER CORP 2.8 %
ALTUS POWER, INC. CLASS A 2.7 %
ALFEN NV 2.6 %
VICOR CORP 2.5 %
ENPHASE ENERGY INC 2.5 %
TRIMBLE NAVIGATION LTD 2.5 %
SUNNOVA ENERGY INTERNATIONAL INC 2.5 %
SOLAREDGE TECHNOLOGIES, INC. 2.4 %
Constituent Breakdown
Number of holdings44
Herfindahl-Hirschman Index 239
Wgt avg mkt cap (mns)$35,974
Large cap (>$10bn)36.2%
Mid cap ($2-10bn)27.3%
Small cap (<$2bn)36.5%
Developed mkts.92.5%
Emerging mkts.7.6%
Country Exposure
UNITED STATES 57.1 %
GERMANY 6.7 %
SWITZERLAND 6.5 %
NETHERLANDS 4.9 %
CHINA 4.6 %
FRANCE 4.6 %
CANADA 4.5 %
BRITAIN 4.4 %
SWEDEN 2.3 %
ITALY 2.3 %
Historical Performance


Standardized Performance (as of 01/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -12.5% -28.7% -10.5% -- -- -- -15.9%
Volatility 34.5% 34.9% 37.0% 37.0% 37.0% 37.0% --
Market Correlations
versus...BetaR-squared
S&P 5001.6065%
MSCI EAFE1.5054%
MSCI Emg Mkts1.2941%
Liquidity Measures
Avg. volume (000)2
Turnover1.4%
Avg. Bid/Ask (% of price)0.43%
ADV of underlying (mns)$15,315
Technical Indicators
Recent close$12.33
30d moving avg.$11.86
Annualized volatility37.6%
Relative strength (RSI)71
Short interest (ETF)0.1%
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. ENRG
Expenses
vs. ENRG
ALTAR Score™
vs. ENRG
Risk and Returns: ENRG 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 -- -- -- -- -- -- --
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Book value 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
  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 --%
0.0 0.0 0.0 0.0% --
Based on closing prices from 2/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ENRG



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™

ENRG

0.0%

Cat. Avg

3.8%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™0.0%
Recommendation


Category Overview
There are 344 funds in the Global category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.8%. ENRG's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places ENRG in the percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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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)
ENRG 59.0 42.8 101.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .