ROOF
IQ US Real Estate Small Cap ETF
IQ US Real Estate Small Cap ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the IQ US Real Estate Small Cap Index.
Fund Basics
| Fund sponsor | IndexIQ Advisors LLC |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 14, 2011 |
| Assets (mns) | $19 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMERICAN TOWER CORP-CL A | 6.2 % |
| EQUINIX INC | 5.4 % |
| PROLOGIS INC | 5.2 % |
| UNITI GROUP INC | 5.1 % |
| SBA COMMUNICATIONS CORP. CLASS A | 4.9 % |
| DIGITAL REALTY TRUST INC | 4.8 % |
| CROWN CASTLE INTL CORP | 4.7 % |
| WELLTOWER, INC. | 4.6 % |
| KEPPEL DC REIT | 4.0 % |
| SEGRO PLC | 2.9 % |
Constituent Breakdown
| Number of holdings | 87 |
| Herfindahl-Hirschman Index | 300 |
| Wgt avg mkt cap (mns) | $23,812 |
| Large cap (>$10bn) | 56.5% |
| Mid cap ($2-10bn) | 30.8% |
| Small cap (<$2bn) | 12.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 75.6 % |
 |
SINGAPORE | 6.8 % |
 |
JAPAN | 5.5 % |
 |
BRITAIN | 5.2 % |
 |
CANADA | 2.6 % |
 |
BELGIUM | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.6% | -0.2% | -9.2% | 1.3% | -0.6% | 3.0% | 4.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 78% |
| MSCI EAFE | 1.11 | 77% |
| MSCI Emg Mkts | 0.86 | 51% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $1,840 |
Technical Indicators
| Recent close | $19.20 |
| 30d moving avg. | $17.39 |
| Annualized volatility | 21.5% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 6.4% |
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. ROOF |
Expenses vs. ROOF |
ALTAR Score™ vs. ROOF |
|---|---|---|---|---|
| DFAR | Dimensional US Real Estate ETF | 54.8% | -41 bp | -1.0% |
| SCHH | Schwab U.S. REIT ETF | 54.5% | -53 bp | -0.7% |
| DTRE | Alerian Disruptive Technology Real Estate ETF | 54.0% | 0 bp | -4.7% |
| PSR | Invesco Active U.S. Real Estate Fund | 53.0% | -25 bp | -1.5% |
| ICF | iShares Cohen & Steers REIT ETF | 52.2% | -27 bp | -1.3% |
| IYR | iShares U.S. Real Estate ETF | 52.0% | -20 bp | -1.2% |
| WTRE | WisdomTree New Economy Real Estate Fund | 51.7% | -2 bp | -3.2% |
| FREL | Fidelity MSCI Real Estate Index ETF | 51.5% | -52 bp | -1.0% |
| AVRE | Avantis Real Estate ETF | 51.4% | -43 bp | -1.9% |
| DFGR | Dimensional Global Real Estate ETF | 49.7% | -38 bp | -1.3% |
Risk and Returns: ROOF 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 11/30/2023
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
ROOF
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™
ROOF
8.3%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.3% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.1%. ROOF's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places ROOF in the 76th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ROOF
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) |
|
|---|---|---|---|
| ROOF | 60.0 | 26.7 | 86.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .