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)
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. 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
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
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 .