FTWO
Strive FAANG 2.0 ETF
FTWO tracks a market-cap weighted index that provides exposure to US and Canadian companies tied to national and natural resource security, collectively the FAANG 2.0.
Global
EQUITY
Passive
MANAGEMENT STYLE
54.9 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 31, 2023 |
| Assets (mns) | $55 |
| Expense ratio | 49 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 +
| CONSTELLATION ENERGY CORPORATION | 12.6 % |
| DEERE & CO | 7.9 % |
| EXXON MOBIL CORP | 6.6 % |
| GE AEROSPACE | 4.7 % |
| NEWMONT MINING CORP | 4.5 % |
| CAMECO CORP | 4.1 % |
| AGNICO-EAGLE MINES LTD | 4.0 % |
| CHEVRON CORP | 4.0 % |
| RTX CORP | 3.3 % |
| CORTEVA INC | 3.0 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 432 |
| Wgt avg mkt cap (mns) | $123,790 |
| Large cap (>$10bn) | 95.1% |
| Mid cap ($2-10bn) | 4.5% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 100.2% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 74.8 % |
 |
CANADA | 24.4 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 37.2% | 26.5% | 28.1% | -- | -- | -- | -- | 24.3% |
| Dividend Yield | 0.0% | 0.0% | 0.7% | -- | -- | -- | -- | 0.6% |
| Total Returns | 37.2% | 26.5% | 28.8% | -- | -- | -- | -- | 24.9% | Ann. Volatility | 23.5% | 22.0% | 24.6% | -- | -- | -- | -- | 24.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 33% |
| MSCI EAFE | 0.52 | 20% |
| MSCI Emg Mkts | 0.38 | 8% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $1 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| Recent close | $40.63 |
| 30d moving avg. | $38.84 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 60 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| NANR | SPDR S&P North American Natural Resources ETF | 41.9% | -14 bp | +8.0% |
| GNR | SPDR S&P Global Natural Resources ETF | 30.7% | -9 bp | +10.6% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 29.7% | -3 bp | +9.8% |
| FIDU | Fidelity MSCI Industrial Index ETF | 22.4% | -41 bp | +4.4% |
| IGE | iShares North American Natural Resources ETF | 22.2% | -8 bp | +7.6% |
| XLI | Industrial Select Sector SPDR Fund | 21.7% | -41 bp | +4.4% |
| VIS | Vanguard Industrials ETF | 21.4% | -40 bp | +4.5% |
| IXC | iShares Global Energy ETF | 21.0% | -5 bp | +10.4% |
| ITA | iShares U.S. Aerospace & Defense ETF | 20.9% | -9 bp | +1.8% |
| PPA | Invesco Aerospace & Defense ETF | 20.6% | +9 bp | +2.3% |
Risk and Returns: FTWO 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 10/15/2025
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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
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™
FTWO
4.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 369 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.2%. FTWO's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places FTWO in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FTWOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 62 |
| Avg. Expense Ratio | 49.2 bp |
| Std. Deviation | 21 bp |
| FTWO (49 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FTWO | 49.0 | 30.4 | 79.4 |
| Peer Avg. | 49.2 | 30.9 | 80.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .