SSUS
Day Hagan/Ned Davis Research Smart Sector ETF
SSUS is an actively-managed US fund of funds that overweights and underweights 11 US large-cap sectors based on proprietary risk model.
US
EQUITY
Active
MANAGEMENT STYLE
564.5 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Donald L. Hagan LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 16, 2020 |
| Assets (mns) | $564 |
| Expense ratio | 79 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 | Yes |
Top 10 Holdings
| ISHARES CORE S&P 500 ETF | 25.8 % |
| THE TECHNOLOGY SELECT SECTOR SPDR® ETF | 19.0 % |
| THE FINANCIAL SELECT SECTOR SPDR® ETF | 12.3 % |
| THE HEALTH CARE SELECT SECTOR SPDR® ETF | 9.3 % |
| THE CONSUMER DISCRET SEL SECTSPDR® ETF | 6.5 % |
| THE INDUSTRIAL SELECT SECTOR SPDR® ETF | 6.2 % |
| THE COMM SVCS SEL SECT SPDR® ETF | 5.6 % |
| INVESCO S&P 500® EQUAL WEIGHT ETF | 5.6 % |
| THE CONSUMER STAPLES SEL SECTSPDR® ETF | 4.1 % |
| THE UTILITIES SELECT SECTOR SPDR® ETF | 3.6 % |
Constituent Breakdown
| Number of holdings | 11 |
| Herfindahl-Hirschman Index | 376 |
| Wgt avg mkt cap (mns) | $682,381 |
| Large cap (>$10bn) | 88.2% |
| Mid cap ($2-10bn) | 0.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 88.6% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 86.2 % |
 |
IRELAND | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.9% | 13.8% | 12.5% | 13.0% | 13.4% | -- | -- | 11.4% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 0.6% | 0.6% | -- | -- | 0.6% |
| Total Returns | 6.9% | 13.8% | 13.1% | 13.6% | 14.0% | -- | -- | 11.9% | Ann. Volatility | 23.4% | 19.4% | 15.4% | 16.1% | 15.8% | -- | -- | 17.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 95% |
| MSCI EAFE | 0.59 | 49% |
| MSCI Emg Mkts | 0.44 | 28% |
Liquidity Measures
| Avg. volume (000) | 28 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| Recent close | $45.43 |
| 30d moving avg. | $43.57 |
| Annualized volatility | 13.9% |
| Relative strength (RSI) | 65 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| XLSR | SPDR SSGA U.S. Sector Rotation ETF | 47.1% | -9 bp | +5.0% |
| EQL | Alps Equal Sector Weight ETF | 44.9% | -54 bp | +5.7% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 7/11/2025
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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
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 Rating
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.
ALTAR Score™
SSUS
4.5%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 965 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. SSUS's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places SSUS in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SSUSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| (79 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SSUS | 79.0 | 0.0 | 79 |
| Peer Avg. | 67.9 | 47.9 | 115.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .