EQUL
IQ Engender Equality ETF
EQUL tracks an equal-weighted index of 75 large-cap US stocks with the highest gender diversity scores. Holdings are screened for various ESG factors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
7.5 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | New York Life |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2021 |
| Assets (mns) | $7 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BRISTOL-MYERS SQUIBB CO | 1.6 % |
| GLOBANT SA | 1.6 % |
| VF CORP | 1.6 % |
| GITLAB, INC. CLASS A | 1.6 % |
| ACCENTURE PLC-CL A | 1.5 % |
| SALESFORCE.COM INC | 1.5 % |
| HALOZYME THERAPEUTICS INC | 1.5 % |
| BANK OF NEW YORK MELLON CORP | 1.5 % |
| S&P GLOBAL, INC. | 1.5 % |
| WILLIS TOWERS WATSON PUBLIC LIMITED COMP | 1.5 % |
Constituent Breakdown
| Number of holdings | 77 |
| Herfindahl-Hirschman Index | 138 |
| Wgt avg mkt cap (mns) | $115,682 |
| Large cap (>$10bn) | 84.9% |
| Mid cap ($2-10bn) | 15.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.8 % |
 |
LUXEMBOURG | 1.6 % |
 |
IRELAND | 1.5 % |
 |
BRITAIN | 1.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 11.9% | 12.6% | 14.4% | 17.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 86% |
| MSCI EAFE | 0.96 | 83% |
| MSCI Emg Mkts | 0.75 | 51% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $32,603 |
Technical Indicators
| Recent close | $27.12 |
| 30d moving avg. | $27.10 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 51 |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EQUL |
Expenses vs. EQUL |
ALTAR Score™ vs. EQUL |
|---|---|---|---|---|
| WOMN | Impact Shares YWCA Women's Empowerment ETF | 28.3% | +30 bp | -0.7% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 25.4% | -20 bp | +1.0% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 22.5% | -16 bp | +1.8% |
| EVUS | iShares ESG Aware MSCI USA Value ETF | 22.2% | -27 bp | +1.3% |
| RSPE | Invesco ESG S&P 500 Equal Weight ETF | 20.7% | -25 bp | +1.1% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 20.4% | -27 bp | +0.5% |
| INCE | Franklin Income Equity Focus ETF | 19.7% | -16 bp | +0.2% |
| LCTU | BlackRock U.S. Carbon Transition Readiness ETF | 19.5% | -31 bp | -0.4% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 19.4% | -13 bp | -0.7% |
| FUNL | CornerCap Fundametrics Large-Cap ETF | 19.2% | +5 bp | +1.9% |
Risk and Returns: EQUL 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
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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
EQUL
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
EQUL
5.5%
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%. EQUL's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places EQUL in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EQULSELL
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 |
| EQUL (45 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EQUL | 45.0 | 19.7 | 64.7 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .