INQQ

India Internet & Ecommerce ETF

INQQ tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap.


Rules-Based, Concentrated

MANAGEMENT MATRIX

DGIN

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorExchange Traded Concepts
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateApr 06, 2022
Assets (mns)$1
Expense ratio86 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
RELIANCE INDUSTRIES LTD 7.8 %
INFO EDGE INDIA LTD. 7.3 %
MAKEMYTRIP LTD 6.8 %
INDIAN RAILWAY CATERING & TOURISM CORP. 6.2 %
ZOMATO LTD. 6.2 %
ONE 97 COMMUNICATIONS LTD. 5.5 %
INDIAN ENERGY EXCHANGE LTD. 5.2 %
INDIAMART INTERMESH LTD. 5.0 %
FSN E-COMMERCE VENTURES LTD. 4.6 %
HAPPIEST MINDS TECHNOLOGIES LTD. 4.6 %
Constituent Breakdown
Number of holdings24
Herfindahl-Hirschman Index 487
Wgt avg mkt cap (mns)$2,220
Large cap (>$10bn)0.0%
Mid cap ($2-10bn)37.1%
Small cap (<$2bn)54.9%
Developed mkts.6.3%
Emerging mkts.93.7%
Country Exposure
INDIA 91.9 %
UNITED STATES 3.1 %
SWEDEN 3.1 %
Historical Performance


Standardized Annual Returns (as of 01/31/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-1.5% -- -- -- -- -- -38.0%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)2
Turnover1.7%
Avg. Bid/Ask (% of price)1.30%
ADV of underlying (mns)$37
Technical Indicators
Recent close$10.13
30d moving avg.$10.48
Annualized volatility0.0%
Relative strength (RSI)36
Short interest (ETF)0.6%
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. INQQ
Expenses
vs. INQQ
ALTAR Score™
vs. INQQ
DGIN VanEck Digital India ETF   15.9%   -11 bp -2.6%
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF   15.3%   0 bp -1.4%
Risk and Returns: INQQ 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 -- -- -- -- -- -- --
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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
  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 --%
2.8 28.9 3.1 0.9% --
Based on closing prices from 2/2/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
INQQ



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™

INQQ

2.7%

Cat. Avg

7.9%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™2.7%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 185 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.1%. INQQ's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places INQQ in the 10st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
INQQ 86.0 130.0 216
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.