PUNK
Subversive Metaverse ETF
PUNK is an actively managed portfolio of globally-listed companies engaged in the future iteration of the internet: the metaverse. The fund can also sell securities short.
Fund Basics
Fund sponsor | |
Category | Global Equities |
Asset class | Equity |
Website | link... |
Inception date | Jan 27, 2022 |
Assets (mns) | $1 |
Expense ratio | 75 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
GLOBALFOUNDRIES INC. | 6.8 % |
NVIDIA CORP | 5.6 % |
ALPHABET INC. CLASS C | 5.1 % |
ADVANCED MICRO DEVICES | 4.8 % |
APPLE INC | 4.8 % |
MICROSOFT CORP | 4.6 % |
ANALOG DEVICES INC | 4.5 % |
SAMSARA, INC. CLASS A | 4.5 % |
YEXT, INC. | 4.4 % |
INTEL CORP | 4.4 % |
Constituent Breakdown
Number of holdings | 30 |
Herfindahl-Hirschman Index | 571 |
Wgt avg mkt cap (mns) | $235,635 |
Large cap (>$10bn) | 78.9% |
Mid cap ($2-10bn) | 7.5% |
Small cap (<$2bn) | 13.6% |
Developed mkts. | 99.0% |
Emerging mkts. | 1.0% |
Country Exposure
UNITED STATES | 85.3 % | |
JAPAN | 6.6 % | |
TAIWAN | 3.8 % | |
NETHERLANDS | 3.0 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
4.9% | -31.6% | -- | -- | -- | -- | -31.8% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.09 | 83% |
MSCI EAFE | 0.96 | 61% |
MSCI Emg Mkts | 0.61 | 27% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.47% |
ADV of underlying (mns) | $74,576 |
Technical Indicators
Recent close | $17.75 |
30d moving avg. | $17.72 |
Annualized volatility | 28.8% |
Relative strength (RSI) | 41 |
Short interest (ETF) | 0.0% |
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. PUNK |
Expenses vs. PUNK |
ALTAR Score™ vs. PUNK |
---|---|---|---|---|
SOXQ | Invesco PHLX Semiconductor ETF | 38.0% | -56 bp | +3.9% |
SMH | VanEck Semiconductor ETF | 35.4% | -40 bp | +3.5% |
SOXX | iShares PHLX Semiconductor ETF | 35.0% | -35 bp | +3.9% |
XNTK | SPDR NYSE Technology ETF | 33.4% | -40 bp | +2.1% |
CARZ | First Trust NASDAQ Global Auto Index Fund | 32.1% | -5 bp | +3.5% |
ARVR | First Trust Indxx Metaverse ETF | 31.9% | -5 bp | +1.8% |
QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 31.7% | -19 bp | +2.6% |
METV | Roundhill Ball Metaverse ETF | 30.9% | -16 bp | +1.7% |
WUGI | AXS Esoterica NextG Economy ETF | 30.2% | 0 bp | +0.3% |
SHOC | Strive U.S. Semiconductor ETF | 30.0% | -35 bp | +3.9% |
Risk and Returns: PUNK 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
2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
---|---|---|---|---|---|---|---|---|
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
2021 | 2022E | Fwd Est | 2023E | |
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 3/17/2023
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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
PUNK
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™
PUNK
2.5%
Cat. Avg
4.4%
Fund Category: Global Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 2.5% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 338 funds in the Global Equities category, with an average ALTAR Score™
of 4.4% and a standard deviation of
5.0%. PUNK's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places PUNK in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PUNK
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) |
|
---|---|---|---|
PUNK | 75.0 | 46.7 | 121.7 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .