BLDG
Cambria Global Real Estate ETF
BLDG is actively-managed to provide exposure to the real estate sector and its related industries. Stocks are selected using Cambrias multi-factor algorithm.
US
EQUITY
Active
MANAGEMENT STYLE
40.1 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Cambria |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 24, 2020 |
| Assets (mns) | $40 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CASH & OTHER | 5.8 % |
| FRANKLIN STREET PROPERTIES C | 1.7 % |
| REYSAS GAYRIMENKUL YATIRIM ORTAKLIGI AS | 1.7 % |
| OZAK GAYRIMENKUL YATIRIM ORTAKLIGI | 1.6 % |
| MACERICH CO/THE | 1.6 % |
| TORUNLAR GAYRIMENKUL YATIRIM | 1.6 % |
| KILROY REALTY CORP | 1.6 % |
| DOUGLAS EMMETT INC | 1.5 % |
| RETAIL OPPORTUNITY INVESTMENT | 1.5 % |
| HYPROP INVESTMENTS LTD-UTS | 1.5 % |
Constituent Breakdown
| Number of holdings | 63 |
| Herfindahl-Hirschman Index | 158 |
| Wgt avg mkt cap (mns) | $4,025 |
| Large cap (>$10bn) | 8.0% |
| Mid cap ($2-10bn) | 44.3% |
| Small cap (<$2bn) | 47.7% |
| Developed mkts. | 90.0% |
| Emerging mkts. | 10.0% |
Country Exposure
 |
UNITED STATES | 58.7 % |
 |
SOUTH AFRICA | 4.2 % |
 |
TURKEY | 3.0 % |
 |
SINGAPORE | 2.7 % |
 |
AUSTRALIA | 2.7 % |
 |
FRANCE | 2.3 % |
 |
MEXICO | 1.4 % |
 |
NETHERLANDS | 1.4 % |
 |
CANADA | 1.4 % |
 |
SPAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.4% | 23.1% | 8.6% | 3.0% | -- | -- | 5.3% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 65% |
| MSCI EAFE | 0.83 | 67% |
| MSCI Emg Mkts | 0.63 | 38% |
Liquidity Measures
| Avg. volume (000) | 25 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $1,816 |
Technical Indicators
| Recent close | $25.06 |
| 30d moving avg. | $26.64 |
| Annualized volatility | 17.5% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 2.3% |
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. BLDG |
Expenses vs. BLDG |
ALTAR Score™ vs. BLDG |
|---|---|---|---|---|
| REAI | Intelligent Real Estate ETF | 27.4% | -1 bp | -2.1% |
| RIET | Hoya Capital High Dividend Yield ETF | 22.0% | -10 bp | -2.7% |
| PPTY | US Diversified Real Estate ETF | 21.9% | -7 bp | -9.5% |
| DESK | VanEck Office and Commercial REIT ETF | 18.4% | -10 bp | -5.3% |
| RDOG | ALPS REIT Dividend Dogs ETF | 17.8% | -25 bp | +2.7% |
| KBWY | Invesco KBW Premium Yield Equity REIT ETF | 17.3% | -25 bp | +2.4% |
| GQRE | FlexShares Global Quality Real Estate Index Fund | 15.2% | -15 bp | -9.1% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 14.4% | -49 bp | -8.8% |
| RWR | SPDR Dow Jones REIT ETF | 14.3% | -35 bp | -8.9% |
| CRED | Columbia Research Enhanced Real Estate ETF | 14.0% | -27 bp | -7.8% |
Risk and Returns: BLDG 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 12/20/2024
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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
BLDG
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
BLDG
15.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. BLDG's ALTAR Score™ is approximately
3.8 standard deviations
above
the category average. This places BLDG in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BLDGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| BLDG (60 bp) Percentile rank | 44 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BLDG | 60.0 | 31.9 | 91.9 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .