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Innovator IBD 50 ETF
The Innovator IBD 50 Fund is an active fund that takes the constituents of the IBD 50 Index and reweights them from price-weighted to a proprietary method based on specific fundamental and technical indicators. It holds US-listed stocks and ADRs.
Fund Basics
| Fund sponsor | Academy Funds |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 08, 2015 |
| Assets (mns) | $86 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CELSIUS HOLDINGS, INC. | 3.8 % |
| DRAFTKINGS INC CLASS A | 3.7 % |
| COMFORT SYSTEMS USA INC | 3.5 % |
| VERTIV HOLDINGS CO. CLASS A | 3.5 % |
| ARM HOLDINGS PLC | 3.5 % |
| NVIDIA CORP | 3.4 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 3.4 % |
| GIGACLOUD TECHNOLOGY, INC. CLASS A | 3.4 % |
| CLEANSPARK, INC. | 3.4 % |
| HIMS & HERS HEALTH, INC. CLASS A | 3.3 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 265 |
| Wgt avg mkt cap (mns) | $174,021 |
| Large cap (>$10bn) | 63.0% |
| Mid cap ($2-10bn) | 31.7% |
| Small cap (<$2bn) | 5.3% |
| Developed mkts. | 96.1% |
| Emerging mkts. | 3.9% |
Country Exposure
 |
UNITED STATES | 79.0 % |
 |
DENMARK | 5.0 % |
 |
IRELAND | 4.0 % |
 |
BRITAIN | 3.5 % |
 |
INDIA | 3.2 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 12.7% | 17.0% | -14.8% | -13.4% | -3.2% | -- | 2.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.36 | 77% |
| MSCI EAFE | 1.17 | 53% |
| MSCI Emg Mkts | 0.86 | 30% |
Liquidity Measures
| Avg. volume (000) | 57 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $58,844 |
Technical Indicators
| Recent close | $25.38 |
| 30d moving avg. | $22.85 |
| Annualized volatility | 27.5% |
| Relative strength (RSI) | 81 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 5.0% |
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. FFTY |
Expenses vs. FFTY |
ALTAR Score™ vs. FFTY |
|---|---|---|---|---|
| MTUM | iShares MSCI USA Momentum Factor ETF | 18.4% | -65 bp | +3.6% |
| PWB | Invesco Large Cap Growth ETF | 17.9% | -24 bp | +3.0% |
| SEIM | SEI Enhanced U.S. Large Cap Momentum Factor ETF | 16.8% | -65 bp | +5.3% |
| CACG | ClearBridge All Cap Growth ESG ETF | 16.4% | -26 bp | +3.3% |
| RPG | Invesco S&P 500 Pure Growth ETF | 16.4% | -45 bp | +3.4% |
| GGRW | Gabelli Growth Innovators ETF | 16.0% | +10 bp | +2.2% |
| FDN | First Trust Dow Jones Internet Index Fund | 16.0% | -28 bp | +1.4% |
| FFND | Future Fund Active ETF | 15.6% | +20 bp | +0.2% |
| JGRO | JPMorgan Active Growth ETF | 15.1% | -36 bp | +3.3% |
| FXL | First Trust Technology AlphaDEX Fund | 15.0% | -19 bp | +4.1% |
Risk and Returns: FFTY 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 4/18/2024
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
FFTY
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™
FFTY
0.1%
Cat. Avg
5.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 0.1% |
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 886 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. FFTY's ALTAR Score™ is approximately
2.1 standard deviations
below
the category average. This places FFTY in the 2nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FFTY
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) |
|
|---|---|---|---|
| FFTY | 80.0 | 6.5 | 86.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .