CRUZ
Defiance Hotel Airline and Cruise ETF
CRUZ tracks a modified market-cap-weighted index that gives global exposure to the airline, hotel and cruise industries.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
25.0 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Defiance ETFs |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2021 |
| Assets (mns) | $25 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| 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 +
| ROYAL CARIBBEAN CRUISES LTD | 8.7 % |
| DELTA AIR LINES INC | 8.7 % |
| MARRIOTT INTERNATIONAL-CL A | 8.0 % |
| HILTON WORLDWIDE HOLDINGS, INC. | 7.6 % |
| CARNIVAL CORP | 6.0 % |
| UNITED CONTINENTAL HOLDINGS | 5.6 % |
| INTERCONTINENTAL HOTELS GROUP PLC SPONSO | 3.9 % |
| RYANAIR HOLDINGS PLC SPONSORED ADR | 3.5 % |
| SOUTHWEST AIRLINES CO | 2.9 % |
| NORWEGIAN CRUISE LINE HOLDIN | 2.8 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 437 |
| Wgt avg mkt cap (mns) | $27,680 |
| Large cap (>$10bn) | 68.2% |
| Mid cap ($2-10bn) | 27.6% |
| Small cap (<$2bn) | 4.3% |
| Developed mkts. | 92.1% |
| Emerging mkts. | 7.9% |
Country Exposure
 |
UNITED STATES | 65.7 % |
 |
BRITAIN | 8.9 % |
 |
JAPAN | 4.3 % |
 |
IRELAND | 3.5 % |
 |
CHINA | 2.3 % |
 |
FRANCE | 2.2 % |
 |
TAIWAN | 1.9 % |
 |
SINGAPORE | 1.9 % |
 |
SOUTH KOREA | 1.6 % |
 |
AUSTRALIA | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.7% | 39.8% | 20.8% | 3.0% | -- | -- | 3.2% | Volatility | 18.0% | 18.3% | 20.5% | 28.1% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.38 | 60% |
| MSCI EAFE | 1.27 | 53% |
| MSCI Emg Mkts | 1.06 | 36% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $5,555 |
Technical Indicators
| Recent close | $26.30 |
| 30d moving avg. | $23.88 |
| Annualized volatility | 30.9% |
| Relative strength (RSI) | 63 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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. CRUZ |
Expenses vs. CRUZ |
ALTAR Score™ vs. CRUZ |
|---|---|---|---|---|
| AIRL | Themes Airlines ETF | 33.0% | -10 bp | -12.1% |
| JETS | U.S. Global Jets ETF | 29.1% | +15 bp | -8.7% |
| BEDZ | AdvisorShares Hotel ETF | 26.3% | +55 bp | +6.3% |
| LUXX | Roundhill S&P Global Luxury ETF | 18.9% | 0 bp | +7.4% |
| IYT | iShares US Transportation ETF | 17.3% | -5 bp | +6.7% |
| IWTR | iShares MSCI Water Management Multisector ETF | 15.8% | +2 bp | +9.6% |
| XTN | SPDR S&P Transportation ETF | 15.4% | -10 bp | +6.6% |
| LUX | Tema Luxury ETF | 13.2% | +30 bp | +7.6% |
| PEJ | Invesco Leisure and Entertainment ETF | 13.1% | +13 bp | +5.5% |
| FTXR | First Trust Nasdaq Transportation ETF | 12.9% | +15 bp | +11.3% |
Risk and Returns: CRUZ 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 11/20/2024
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
CRUZ
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
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.
ALTAR Score™
CRUZ
-4.6%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. CRUZ's ALTAR Score™ is approximately
1.8 standard deviations
below
the category average. This places CRUZ in the 3rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CRUZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| CRUZ (45 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CRUZ | 45.0 | 28.8 | 73.8 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .