IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES tracks an index of global equities related to cloud technology companies selected based on revenue.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 854.8 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Mar 08, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TESLA MOTORS INC | 5.3 % |
| APPLE INC | 5.3 % |
| MICROSOFT CORP | 5.2 % |
| AMAZON.COM INC | 4.8 % |
| NVIDIA CORP | 4.7 % |
| BROADCOM INC. | 4.6 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 4.5 % |
| META PLATFORMS INC | 4.3 % |
| MICRON TECHNOLOGY INC | 4.3 % |
| SK HYNIX INC-ADR | 4.1 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 380 |
| Wgt avg mkt cap (mns) | $1,476,026 |
| Large cap (>$10bn) | 90.5% |
| Mid cap ($2-10bn) | 1.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.9% |
| Emerging mkts. | 9.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 88.5 % |
 |
TAIWAN | 4.5 % |
 |
SOUTH KOREA | 4.1 % |
 |
NETHERLANDS | 1.7 % |
 |
AUSTRALIA | 1.1 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.9% | 27.8% | -7.5% | 5.3% | -4.4% | 4.3% | -- | 4.7% |
| Dividend Yield | 0.0% | 0.5% | 0.1% | 0.1% | 0.0% | 0.4% | -- | 0.4% |
| Total Returns | 29.9% | 28.3% | -7.4% | 5.4% | -4.4% | 4.7% | -- | 5.1% | Ann. Volatility | 29.3% | 29.0% | 37.3% | 33.0% | 32.8% | 28.3% | -- | 27.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.86 | 68% |
| MSCI EAFE | 1.05 | 33% |
| MSCI Emg Mkts | 0.82 | 51% |
Liquidity Measures
| Avg. volume (000) | 525 |
| ADV traded (mns) | $20 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $39.75 |
| Relative strength (RSI) | 43 |
| MACD/Signal | -0.49/-0.29 |
| Bollinger Bands (Upper/Lower) | $42.96/$37.04 |
| Short interest (% of AUM) | 0.8% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IVES |
Expenses vs. IVES |
ALTAR Score™ vs. IVES |
|---|---|---|---|---|
| NYSX | Global X NYSE 100 ETF | 53.8% | -66 bp | +21.4% |
| AIX | Defiance US 100 Tech AI Moat ETF | 52.8% | -10 bp | +0.1% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 51.4% | -55 bp | +1.3% |
| PJFG | PGIM Jennison Focused Growth ETF | 51.0% | 0 bp | +0.1% |
| USMD | CoreValues America First Technology ETF | 50.8% | +12 bp | -0.5% |
| RND | First Trust Bloomberg R&D Leaders ETF | 47.3% | -15 bp | +1.8% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 46.6% | -7 bp | +1.9% |
| QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | 46.5% | -65 bp | +1.6% |
| QQQM | Invesco NASDAQ 100 ETF | 46.4% | -60 bp | +1.7% |
| QQQ | Invesco QQQ Trust Series I | 46.4% | -57 bp | +1.7% |
Risk and Returns: IVES 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 11/1/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
3.0%
ALTAR SCORE™
27th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 755 funds in the Global Equity category with an average
ALTAR Score™ of 4.7% and a standard deviation
of 2.7%. IVES's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places IVES in the 27th percentile
among funds in the category.
Sell-Side Consensus
$51.53
PRICE TARGET
+38.7%
UPSIDE