TWEB
SoFi Web 3 ETF
TWEB tracks a modified equal-weighted index of companies around the globe that are positioned to benefit from the adoption and usage of technologies associated with Web 3.0.
Fund Basics
Fund sponsor | Toroso Investments |
Category | Global Equities |
Asset class | Equity |
Website | link... |
Inception date | Aug 09, 2022 |
Assets (mns) | $2 |
Expense ratio | 59 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Semi-annual |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
DRAFTKINGS INC CLASS A | 5.6 % |
ALPHABET INC. CLASS A | 5.4 % |
META PLATFORMS INC | 5.3 % |
NVIDIA CORP | 5.3 % |
SBI HOLDINGS INC | 4.7 % |
COINBASE GLOBAL, INC. CLASS A | 4.3 % |
MICROSOFT CORP | 4.2 % |
FUNKO, INC. CLASS A | 4.1 % |
GAMESTOP CORP-CLASS A | 3.9 % |
COMPOSECURE, INC. CLASS A | 3.7 % |
Constituent Breakdown
Number of holdings | 39 |
Herfindahl-Hirschman Index | 339 |
Wgt avg mkt cap (mns) | $485,635 |
Large cap (>$10bn) | 44.4% |
Mid cap ($2-10bn) | 17.6% |
Small cap (<$2bn) | 33.9% |
Developed mkts. | 97.7% |
Emerging mkts. | 2.3% |
Country Exposure
UNITED STATES | 85.2 % | |
JAPAN | 7.1 % | |
CANADA | 2.6 % | |
TAIWAN | 2.1 % | |
BRITAIN | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
60.2% | 12.4% | -- | -- | -- | -- | 12.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.34 | 30% |
MSCI EAFE | 0.86 | 14% |
MSCI Emg Mkts | 0.83 | 20% |
Liquidity Measures
Avg. volume (000) | 2 |
Turnover | 2.1% |
Avg. Bid/Ask (% of price) | 0.74% |
ADV of underlying (mns) | $53,839 |
Technical Indicators
Recent close | $17.40 |
30d moving avg. | $18.60 |
Annualized volatility | 46.9% |
Relative strength (RSI) | 30 |
Short interest (ETF) | 17.7% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. TWEB |
Expenses vs. TWEB |
ALTAR Score™ vs. TWEB |
---|---|---|---|---|
VERS | ProShares Metaverse ETF | 40.1% | -1 bp | -5.3% |
SFYF | SoFi 50 ETF | 37.1% | -30 bp | +3.6% |
BUZZ | VanEck Social Sentiment ETF | 36.6% | +16 bp | +4.3% |
FBCG | Fidelity Blue Chip Growth ETF | 34.1% | 0 bp | +5.4% |
METV | Roundhill Ball Metaverse ETF | 32.2% | 0 bp | +7.5% |
ONEQ | Fidelity Nasdaq Composite Index Tracking Stock | 29.8% | -38 bp | +7.2% |
CHAT | Roundhill Generative AI & Technology ETF | 29.5% | +16 bp | +5.3% |
GRZZ | Grizzle Growth ETF | 29.5% | +16 bp | +9.5% |
VR | Global X Metaverse ETF | 29.4% | -9 bp | +9.3% |
TECB | iShares US Tech Breakthrough Multisector ETF | 28.0% | -19 bp | +7.9% |
Risk and Returns: TWEB 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 9/20/2023
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
TWEB
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
TWEB
-3.3%
Cat. Avg
4.1%
Fund Category: Global Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | -3.3% |
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 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.1% and a standard deviation of
5.0%. TWEB's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places TWEB in the 7th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
TWEB
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
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
TWEB | 59.0 | 73.8 | 132.8 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .