TRYP

SonicShares Airlines, Hotels, Cruise Lines ETF

TRYP tracks a modified market-cap-weighted index of globally-listed companies involved in the airline, hotel and cruise line industries.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

CRUZ

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorToroso Investments
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateMay 12, 2021
Assets (mns)$7
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings Transparency
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
HILTON WORLDWIDE HOLDINGS, INC. 6.1 %
MARRIOTT INTERNATIONAL-CL A 5.9 %
RYANAIR HOLDINGS PLC SPONSORED ADR 4.7 %
DELTA AIR LINES INC 4.4 %
VICI PROPERTIES INC 4.3 %
SOUTHWEST AIRLINES CO 4.3 %
ROYAL CARIBBEAN CRUISES LTD 4.0 %
CHINA LODGING GROUP-SPON ADS 3.9 %
UNITED CONTINENTAL HOLDINGS 3.6 %
AMERICAN AIRLINES GROUP INC 3.5 %
Constituent Breakdown
Number of holdings59
Herfindahl-Hirschman Index 301
Wgt avg mkt cap (mns)$15,122
Large cap (>$10bn)50.4%
Mid cap ($2-10bn)46.9%
Small cap (<$2bn)2.4%
Developed mkts.93.4%
Emerging mkts.6.6%
Country Exposure
UNITED STATES 62.9 %
BRITAIN 9.4 %
CHINA 5.9 %
IRELAND 4.7 %
JAPAN 4.7 %
GERMANY 2.5 %
SINGAPORE 2.4 %
HONG KONG 2.4 %
FRANCE 2.3 %
AUSTRALIA 1.5 %
Historical Performance


Standardized Annual Returns (as of 10/31/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-- -- -- -- -- -- -24.6%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)47
Turnover3.0%
Avg. Bid/Ask (% of price)0.67%
ADV of underlying (mns)$8,133
Technical Indicators
Recent close$4.30
30d moving avg.$4.89
Annualized volatility0.0%
Relative strength (RSI)35
Short interest (ETF)2.9%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: TRYP 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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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. TRYP
Expenses
vs. TRYP
ALTAR Score™
vs. TRYP
CRUZ Defiance Hotel Airline and Cruise ETF   73.3%   -30 bp +0.1%
JETS US Global Jets ETF   27.7%   -15 bp -1.5%
JRNY ALPS Global Travel Beneficiaries ETF   27.1%   -10 bp +2.5%
BEDZ AdvisorShares Hotel ETF   20.0%   +4 bp +2.8%
IYT iShares Transportation Average ETF   13.0%   -33 bp +4.1%
XTN SPDR S&P Transportation ETF   11.5%   -40 bp +3.9%

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
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
  2020 2021E Fwd Est 2022E
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 --%
0.6 19.5 2.0 0.8% --
Based on closing prices from 11/26/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
TRYP



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™

TRYP

-1.8%

Cat. Avg

3.4%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-1.8%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 259 funds in the Global Equities category, with an average ALTAR Score™ of 3.4% and a standard deviation of 4.2%. TRYP's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places TRYP in the 11st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
TRYP
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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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)
TRYP 75.0 67.4 142.4
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.