NERD
Roundhill BITKRAFT Esports & Digital Entertainment ETF
The Roundhill BITKRAFT Esports & Digital Entertainment ETF is designed to offer retail and institutional investors exposure to esports & digital entertainment by providing investment results that closely correspond, before fees and expenses, to the perfo
Fund Basics
| Fund sponsor | Roundhill Financial Inc. |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2019 |
| Assets (mns) | $25 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NINTENDO CO LTD | 17.0 % |
| ELECTRONIC ARTS INC | 10.6 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 7.8 % |
| ROBLOX CORP. CLASS A | 6.5 % |
| CAPCOM CO LTD | 3.6 % |
| NAMCO BANDAI HOLDINGS INC | 3.6 % |
| NEXON CO LTD | 3.2 % |
| UNITY SOFTWARE, INC. | 3.0 % |
| APPLOVIN CORP. CLASS A | 2.7 % |
| KRAFTON, INC. | 2.5 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 629 |
| Wgt avg mkt cap (mns) | $9,497 |
| Large cap (>$10bn) | 29.0% |
| Mid cap ($2-10bn) | 36.5% |
| Small cap (<$2bn) | 17.4% |
| Developed mkts. | 84.8% |
| Emerging mkts. | 15.2% |
Country Exposure
 |
JAPAN | 41.4 % |
 |
UNITED STATES | 30.7 % |
 |
SOUTH KOREA | 11.7 % |
 |
SWEDEN | 4.7 % |
 |
TAIWAN | 2.0 % |
 |
FRANCE | 1.9 % |
 |
POLAND | 1.7 % |
 |
HONG KONG | 1.7 % |
 |
FINLAND | 1.2 % |
 |
IRELAND | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 9.0% | -18.8% | -30.5% | -4.9% | -- | -- | -0.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 48% |
| MSCI EAFE | 1.00 | 48% |
| MSCI Emg Mkts | 1.15 | 64% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $2,162 |
Technical Indicators
| Recent close | $15.37 |
| 30d moving avg. | $15.42 |
| Annualized volatility | 26.3% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 3.9% |
| 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. NERD |
Expenses vs. NERD |
ALTAR Score™ vs. NERD |
|---|---|---|---|---|
| HERO | Global X Video Games & Esports ETF | 64.8% | 0 bp | -7.5% |
| GAMR | ETFMG Video Game Tech ETF | 48.0% | +25 bp | -10.4% |
| VR | Global X Metaverse ETF | 42.4% | 0 bp | -10.9% |
| ESPO | VanEck Video Gaming & eSports ETF | 42.0% | +5 bp | -10.2% |
| FMET | Fidelity Metaverse ETF | 30.3% | -11 bp | -11.8% |
| OND | ProShares On-Demand ETF | 29.8% | +8 bp | -21.3% |
| MTVR | Fount Metaverse ETF | 27.8% | +20 bp | -10.3% |
| ARVR | First Trust Indxx Metaverse ETF | 27.7% | +20 bp | -12.2% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 21.2% | -3 bp | -8.8% |
| BWEB | Bitwise Web3 ETF | 19.3% | +35 bp | -14.5% |
Risk and Returns: NERD 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 | -- | -- | -- | -- | -- | -- | -- | |
| 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
| 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 | --% |
Based on closing prices from 6/8/2023
Peer Group Comparison Sample data. Subscribe for access.
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
NERD
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™
NERD
16.2%
Cat. Avg
3.9%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 16.2% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 344 funds in the Global Equities category, with an average ALTAR Score™
of 3.9% and a standard deviation of
5.0%. NERD's ALTAR Score™ is approximately
2.5 standard deviations
above
the category average. This places NERD in the 99th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
NERD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| NERD | 50.0 | 21.1 | 71.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .