DIVY
Sound Equity Dividend Income ETF
DIVY is an actively managed, narrow portfolio, of US large- and midcap stocks, fundamentally selected for capital appreciation and dividend yield.
US
EQUITY
Active
MANAGEMENT STYLE
30.9 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Toroso Investments |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 30, 2020 |
| Assets (mns) | $31 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Monthly |
| 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
Complete list +
| AT&T INC | 4.9 % |
| INTL BUSINESS MACHINES CORP | 4.4 % |
| ENBRIDGE INC | 4.3 % |
| GREIF INC-CL B | 4.2 % |
| CITIGROUP INC | 4.0 % |
| M & T BANK CORP | 3.6 % |
| LYONDELLBASELL INDU-CL A | 3.5 % |
| OMNICOM GROUP | 3.4 % |
| SONOCO PRODUCTS CO | 3.1 % |
| EDISON INTERNATIONAL | 3.1 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 305 |
| Wgt avg mkt cap (mns) | $63,657 |
| Large cap (>$10bn) | 72.7% |
| Mid cap ($2-10bn) | 22.8% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 82.3 % |
 |
BRITAIN | 7.5 % |
 |
CANADA | 4.3 % |
 |
IRELAND | 3.0 % |
 |
FRANCE | 2.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 13.5% | 13.6% | 15.3% | 17.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 60% |
| MSCI EAFE | 0.81 | 72% |
| MSCI Emg Mkts | 0.57 | 36% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $7,871 |
Technical Indicators
| Recent close | $26.33 |
| 30d moving avg. | $26.88 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.6% |
| 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. DIVY |
Expenses vs. DIVY |
ALTAR Score™ vs. DIVY |
|---|---|---|---|---|
| SDOG | ALPS Sector Dividend Dogs ETF | 27.7% | -9 bp | -0.7% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 27.2% | -15 bp | -1.8% |
| MDLV | Morgan Dempsey Large Cap Value ETF | 22.8% | +13 bp | -2.2% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 21.8% | -38 bp | -1.1% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 21.1% | -10 bp | -2.3% |
| WBIY | WBI Power Factor High Dividend ETF | 21.1% | +55 bp | +1.4% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 21.0% | -7 bp | -2.3% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 20.6% | -16 bp | -0.3% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 20.1% | 0 bp | -0.9% |
| VLUE | iShares MSCI USA Value Factor ETF | 19.5% | -30 bp | +0.3% |
Risk and Returns: DIVY 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 1/29/2024
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
DIVY
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™
DIVY
10.5%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. DIVY's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places DIVY in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DIVYSELL
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 |
| DIVY (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) |
|
|---|---|---|---|
| DIVY | 45.0 | 31.6 | 76.6 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .