CSML
IndexIQ ETF Trust IQ U.S. Small Cap ETF
The IQ Chaikin U.S. Small Cap ETF tracks an equal-weighted index of small US companies selected by value, growth, technical, and sentiment factors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
117.1 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
Fund sponsor | IndexIQ |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | May 15, 2017 |
Assets (mns) | $117 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
ADMA BIOLOGICS, INC. | 0.4 % |
ZETA GLOBAL HOLDINGS CORP. CLASS A | 0.4 % |
CAREER EDUCATION CORP | 0.4 % |
MIRUM PHARMACEUTICALS, INC. | 0.4 % |
DECIPHERA PHARMACEUTICALS, INC. | 0.4 % |
HEARTLAND FINANCIAL USA INC | 0.3 % |
LIGAND PHARMACEUTICALS-CL B | 0.3 % |
ARGAN INC | 0.3 % |
HAWAIIAN ELECTRIC INDS | 0.3 % |
ENLIVEN THERAPEUTICS, INC. | 0.3 % |
Constituent Breakdown
Number of holdings | 501 |
Herfindahl-Hirschman Index | 26 |
Wgt avg mkt cap (mns) | $2,787 |
Large cap (>$10bn) | 0.2% |
Mid cap ($2-10bn) | 53.4% |
Small cap (<$2bn) | 46.4% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 104.3 % | |
BERMUDA | 1.2 % | |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 19.5% | 21.0% | 19.7% | 21.4% | 28.4% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.04 | 75% |
MSCI EAFE | 1.00 | 66% |
MSCI Emg Mkts | 0.68 | 31% |
Liquidity Measures
Avg. volume (000) | 15 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.18% |
ADV of underlying (mns) | $9,271 |
Technical Indicators
Recent close | $34.95 |
30d moving avg. | $35.86 |
Annualized volatility | 22.8% |
Relative strength (RSI) | 47 |
Short interest (ETF) | 0.6% |
Short interest (underlying) | 5.4% |
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. CSML |
Expenses vs. CSML |
ALTAR Score™ vs. CSML |
---|---|---|---|---|
CSA | VictoryShares US Small Cap Volatility Wtd ETF | 43.9% | 0 bp | +2.3% |
CSF | VictoryShares US Discovery Enhanced Volatility Wtd ETF | 43.8% | +7 bp | +2.3% |
TPSC | Timothy Plan US Small Cap Core ETF | 42.4% | +17 bp | +2.7% |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 36.1% | -6 bp | +2.7% |
AVSC | Avantis U.S Small Cap Equity ETF | 35.1% | -10 bp | +0.7% |
FYX | First Trust Small Cap Core AlphaDEX Fund | 34.8% | +26 bp | +0.6% |
EES | WisdomTree U.S. SmallCap Fund | 34.4% | +3 bp | +5.2% |
QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 33.6% | -20 bp | +3.6% |
IJR | iShares Core S&P Small Cap ETF | 32.8% | -29 bp | +2.8% |
VIOO | Vanguard S&P Small-Cap 600 ETF | 32.7% | -25 bp | +2.7% |
Risk and Returns: CSML 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 4/22/2024
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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
CSML
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™
CSML
4.2%
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%. CSML's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places CSML in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CSMLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
CSML (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
CSML | 35.0 | 18.0 | 53 |
Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .