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
553.2 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) | $553 |
| 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 | 16 |
| Herfindahl-Hirschman Index | 372 |
| Wgt avg mkt cap (mns) | $874,214 |
| Large cap (>$10bn) | 87.9% |
| Mid cap ($2-10bn) | 0.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 89.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 86.5 % |
 |
IRELAND | 1.6 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.2% | 11.6% | 18.4% | 14.6% | 11.6% | -- | -- | 12.1% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 0.7% | 0.6% | -- | -- | 0.5% |
| Total Returns | 16.2% | 11.6% | 19.0% | 15.3% | 12.2% | -- | -- | 12.6% | Ann. Volatility | 18.6% | 18.3% | 15.5% | 14.8% | 15.3% | -- | -- | 17.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 95% |
| MSCI EAFE | 0.86 | 61% |
| MSCI Emg Mkts | 0.76 | 54% |
Liquidity Measures
| Avg. volume (000) | 23 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $48.65 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.25/0.16 |
| Bollinger Bands (Upper/Lower) | $50.01/$46.88 |
| Short interest (% of AUM) | 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. SSUS |
Expenses vs. SSUS |
ALTAR Score™ vs. SSUS |
|---|---|---|---|---|
| EQL | Alps Equal Sector Weight ETF | 45.0% | -54 bp | +5.9% |
| THLV | THOR Low Volatility ETF | 43.3% | -24 bp | +5.5% |
| XLSR | State Street US Sector Rotation ETF | 41.6% | -9 bp | +5.1% |
| EZRO | AlphaDroid Defensive Sector Rotation ETF | 19.0% | +41 bp | +1.4% |
Risk and Returns: SSUS 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 12/19/2025
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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
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1020 funds in the US Equity category, with an average ALTAR Score™
of 5.6% 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 31st 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