FTWO
Strive FAANG 2.0 ETF
FTWO tracks a market-cap weighted index that provides exposure to US and Canadian companies tied to national and natural resource security, collectively the FAANG 2.0.
Global
EQUITY
Passive
MANAGEMENT STYLE
30.8 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 31, 2023 |
| Assets (mns) | $31 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CONSTELLATION ENERGY CORPORATION | 12.2 % |
| DEERE & CO | 9.9 % |
| EXXON MOBIL CORP | 7.0 % |
| FREEPORT-MCMORAN COPPER | 4.3 % |
| CAMECO CORP | 3.8 % |
| GE AEROSPACE | 3.8 % |
| CHEVRON CORP | 3.7 % |
| CORTEVA INC | 3.6 % |
| RTX CORP | 3.4 % |
| NEWMONT MINING CORP | 3.3 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 528 |
| Wgt avg mkt cap (mns) | $115,014 |
| Large cap (>$10bn) | 92.8% |
| Mid cap ($2-10bn) | 5.4% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 79.1 % |
 |
CANADA | 19.8 % |
 |
BRITAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 26.9% | 31.9% | -- | -- | -- | -- | 28.9% | Volatility | 28.6% | 26.8% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.47 | 19% |
| MSCI EAFE | 0.59 | 44% |
| MSCI Emg Mkts | 0.64 | 39% |
Liquidity Measures
| Avg. volume (000) | 35 |
| Turnover | 3.3% |
| Avg. Bid/Ask (% of price) | 0.43% |
| ADV of underlying (mns) | $11,913 |
Technical Indicators
| Recent close | $28.83 |
| 30d moving avg. | $31.17 |
| Annualized volatility | 13.0% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 2.9% |
| 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. FTWO |
Expenses vs. FTWO |
ALTAR Score™ vs. FTWO |
|---|---|---|---|---|
| NANR | SPDR S&P North American Natural Resources ETF | 43.3% | -14 bp | +3.4% |
| HAP | VanEck Natural Resources ETF | 30.0% | +1 bp | +5.8% |
| GNR | SPDR S&P Global Natural Resources ETF | 27.5% | -9 bp | +5.8% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 27.0% | -3 bp | +5.0% |
| XLI | Industrial Select Sector SPDR Fund | 22.5% | -40 bp | -0.6% |
| ITA | iShares U.S. Aerospace & Defense ETF | 21.7% | -9 bp | -2.2% |
| XAR | SPDR S&P Aerospace & Defense ETF | 21.7% | -14 bp | -2.8% |
| IGE | iShares North American Natural Resources ETF | 21.7% | -8 bp | +2.0% |
| VEGI | iShares MSCI Agriculture Producers ETF | 21.2% | -10 bp | +4.4% |
| PPA | Invesco Aerospace & Defense ETF | 21.2% | +9 bp | -2.4% |
Risk and Returns: FTWO 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 12/18/2024
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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
FTWO
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™
FTWO
5.0%
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%. FTWO's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places FTWO in the 57th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FTWOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| FTWO (49 bp) Percentile rank | 49 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FTWO | 49.0 | 42.9 | 91.9 |
| Peer Avg. | 74.2 | 38.8 | 113.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .