LEAD
Siren DIVCON Leaders Dividend ETF
LEAD tracks an index of dividend-paying US large-cap stocks that are deemed likely to increase their dividends in the next twelve months.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
43 bp
EXPENSES
$56.3 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | SRN Advisors |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jan 07, 2020 |
Assets (mns) | $56 |
Expense ratio | 43 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
COSTCO WHOLESALE CORP | 4.5 % |
BROADCOM INC. | 3.7 % |
KLA CORPORATION | 2.9 % |
MONOLITHIC POWER SYSTEMS INC | 2.9 % |
CINTAS CORP | 2.8 % |
SNAP-ON INC | 2.7 % |
HUBBELL INCORPORATED CLASS B | 2.5 % |
WW GRAINGER INC | 2.5 % |
MARTIN MARIETTA MATERIALS | 2.5 % |
VERISK ANALYTICS INC-CLASS A | 2.4 % |
Constituent Breakdown
Number of holdings | 57 |
Herfindahl-Hirschman Index | 205 |
Wgt avg mkt cap (mns) | $237,093 |
Large cap (>$10bn) | 99.1% |
Mid cap ($2-10bn) | 0.9% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 90.7 % | |
IRELAND | 6.3 % | |
SWITZERLAND | 1.4 % | |
BRITAIN | 1.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 5.1% | 14.4% | 17.7% | 7.5% | 14.3% | -- | 13.7% | Volatility | 12.0% | 12.5% | 17.6% | 17.7% | 21.9% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.02 | 94% |
MSCI EAFE | 0.93 | 73% |
MSCI Emg Mkts | 0.66 | 38% |
Liquidity Measures
Avg. volume (000) | 2 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.15% |
ADV of underlying (mns) | $86,925 |
Technical Indicators
Recent close | $64.37 |
30d moving avg. | $64.60 |
Annualized volatility | 18.9% |
Relative strength (RSI) | 53 |
Short interest (ETF) | 0.7% |
Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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. LEAD |
Expenses vs. LEAD |
ALTAR Score™ vs. LEAD |
---|---|---|---|---|
SPHQ | Invesco S&P 500 Quality ETF | 32.5% | -28 bp | +0.5% |
LVOL | American Century Low Volatility ETF | 31.9% | -14 bp | -0.2% |
STXD | Strive 1000 Dividend Growth ETF | 30.7% | -8 bp | -0.1% |
PSET | Principal Quality ETF | 30.0% | -28 bp | +0.3% |
VIG | Vanguard Dividend Appreciation ETF | 28.4% | -37 bp | +0.5% |
OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 28.1% | +5 bp | +0.9% |
TDV | ProShares S&P Technology Dividend Aristocrats ETF | 27.2% | +2 bp | +0.3% |
PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 27.0% | +17 bp | -1.0% |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 26.7% | -14 bp | +4.7% |
PFM | Invesco Dividend Achievers ETF | 26.6% | +10 bp | +0.3% |
Risk and Returns: LEAD 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 | -- | -- | -- | -- | -- | -- | -- | |
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
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 | --% |
Based on closing prices from 7/25/2024
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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
LEAD
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™
LEAD
5.2%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.2% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. LEAD's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places LEAD in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
LEAD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
LEAD (43 bp) Percentile rank | 46 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
LEAD | 43.0 | 15.4 | 58.4 |
Peer Avg. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .