TINY
ProShares Nanotechnology ETF
TINY tracks a market-cap-weighted index of 30 securities from developed markets involved in nanoscale technology.
Fund Basics
| Fund sponsor | ProShares |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 26, 2021 |
| Assets (mns) | $2 |
| Expense ratio | 58 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AXCELIS TECHNOLOGIES, INC. | 7.4 % |
| NVIDIA CORP | 7.1 % |
| ADVANCED MICRO DEVICES | 5.8 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 5.6 % |
| ASML HOLDING NV | 5.0 % |
| APPLIED MATERIALS INC | 4.9 % |
| NANOMETRICS INC | 4.7 % |
| LAM RESEARCH CORP | 4.6 % |
| BRUKER CORP | 4.6 % |
| KLA-TENCOR CORPORATION | 4.3 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 435 |
| Wgt avg mkt cap (mns) | $72,122 |
| Large cap (>$10bn) | 49.5% |
| Mid cap ($2-10bn) | 24.9% |
| Small cap (<$2bn) | 19.5% |
| Developed mkts. | 92.1% |
| Emerging mkts. | 7.9% |
Country Exposure
 |
UNITED STATES | 69.9 % |
 |
JAPAN | 9.9 % |
 |
TAIWAN | 5.6 % |
 |
NETHERLANDS | 5.0 % |
 |
SOUTH KOREA | 3.4 % |
 |
BRITAIN | 3.0 % |
 |
SINGAPORE | 1.3 % |
 |
ISRAEL | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 14.2% | -12.0% | -- | -- | -- | -- | -15.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.48 | 80% |
| MSCI EAFE | 1.56 | 82% |
| MSCI Emg Mkts | 1.11 | 44% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.66% |
| ADV of underlying (mns) | $14,290 |
Technical Indicators
| Recent close | $33.26 |
| 30d moving avg. | $32.81 |
| Annualized volatility | 37.8% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.7% |
| 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. TINY |
Expenses vs. TINY |
ALTAR Score™ vs. TINY |
|---|---|---|---|---|
| SMH | VanEck Semiconductor ETF | 33.9% | -23 bp | +4.5% |
| SOXX | iShares PHLX Semiconductor ETF | 33.3% | -18 bp | +4.8% |
| SOXQ | Invesco PHLX Semiconductor ETF | 33.2% | -39 bp | +4.9% |
| SHOC | Strive U.S. Semiconductor ETF | 30.6% | -18 bp | +4.9% |
| PSI | Invesco Dynamic Semiconductors ETF | 25.3% | -2 bp | +4.9% |
| PUNK | Subversive Metaverse ETF | 21.7% | +17 bp | +1.0% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 21.1% | +2 bp | +5.3% |
| XNTK | SPDR NYSE Technology ETF | 18.8% | -23 bp | +3.1% |
| WUGI | AXS Esoterica NextG Economy ETF | 17.6% | +17 bp | +1.3% |
| TRFK | Pacer Data and Digital Revolution ETF | 16.7% | +2 bp | +3.4% |
Risk and Returns: TINY 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 3/24/2023
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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
TINY
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™
TINY
1.5%
Cat. Avg
4.3%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 1.5% |
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 337 funds in the Global Equities category, with an average ALTAR Score™
of 4.3% and a standard deviation of
5.0%. TINY's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places TINY in the 29th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
TINY
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) |
|
|---|---|---|---|
| TINY | 58.0 | 65.5 | 123.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .