BTEK
Future Tech ETF
BTEK is actively managed to invest in global equities involved in the technology sector.
Global
EQUITY
Active
MANAGEMENT STYLE
2.1 M
ASSETS UNDER MGMT
88 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 29, 2020 |
| Assets (mns) | $2 |
| Expense ratio | 88 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| 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
| NVIDIA CORP | 10.2 % |
| SYNOPSYS INC | 3.5 % |
| ASM INTERNATIONAL N.V. | 3.2 % |
| HYNIX SEMICONDUCTOR INC | 2.8 % |
| PURE STORAGE, INC. CLASS A | 2.5 % |
| INFORMA PLC | 2.1 % |
| MONOLITHIC POWER SYSTEMS INC | 2.0 % |
| WOLTERS KLUWER | 2.0 % |
| ASPEED TECHNOLOGY, INC. | 1.8 % |
| SPOTIFY TECHNOLOGY SA | 1.8 % |
Constituent Breakdown
| Number of holdings | 92 |
| Herfindahl-Hirschman Index | 232 |
| Wgt avg mkt cap (mns) | $78,446 |
| Large cap (>$10bn) | 77.7% |
| Mid cap ($2-10bn) | 17.9% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 85.4% |
| Emerging mkts. | 14.7% |
Country Exposure
 |
UNITED STATES | 48.2 % |
 |
TAIWAN | 7.7 % |
 |
NETHERLANDS | 6.7 % |
 |
JAPAN | 6.1 % |
 |
BRITAIN | 4.0 % |
 |
SOUTH KOREA | 2.8 % |
 |
ISRAEL | 2.1 % |
 |
LUXEMBOURG | 1.9 % |
 |
CANADA | 1.8 % |
 |
ARGENTINA | 1.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 115.8% | 104.3% | 72.6% | 63.2% | 66.4% | 66.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 14% |
| MSCI EAFE | 0.87 | 7% |
| MSCI Emg Mkts | 0.92 | 8% |
Liquidity Measures
| Avg. volume (000) | 41,626 |
| Turnover | 7,959.1% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $69,723 |
Technical Indicators
| Recent close | $4.00 |
| 30d moving avg. | $14.17 |
| Annualized volatility | 59.0% |
| Relative strength (RSI) | 16 |
| Short interest (ETF) | 0.1% |
| 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. BTEK |
Expenses vs. BTEK |
ALTAR Score™ vs. BTEK |
|---|---|---|---|---|
| IQM | Franklin Intelligent Machines ETF | 24.4% | -38 bp | +1.0% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 19.9% | -13 bp | +1.1% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 19.4% | -48 bp | +2.9% |
| SOXQ | Invesco PHLX Semiconductor ETF | 19.2% | -69 bp | +3.0% |
| BIOPX | Baron Opportunity Retail | 19.0% | -13 bp | -1.3% |
| AOTG | AOT Growth and Innovation ETF | 18.6% | -13 bp | +1.0% |
| FDTX | Fidelity Disruptive Technology ETF | 18.5% | -38 bp | +0.5% |
| BTECX | Baron Technology | 18.2% | -13 bp | +0.1% |
| TRFK | Pacer Data and Digital Revolution ETF | 18.2% | -28 bp | +1.2% |
| IGPT | Invesco AI and Next Gen Software ETF | 18.0% | -28 bp | +1.6% |
Risk and Returns: BTEK 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 9/4/2024
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
BTEK
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
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.
ALTAR Score™
BTEK
2.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. BTEK's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places BTEK in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BTEKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| BTEK (88 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BTEK | 88.0 | 29.4 | 117.4 |
| Peer Avg. | 51.4 | 32.7 | 84.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .