IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES tracks an index of global equities related to cloud technology companies selected based on revenue.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
27.1 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Fund sponsor | ETFMG |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 08, 2016 |
| Assets (mns) | $27 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Revenue |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CASH & OTHER | 5.8 % |
| QUANTA COMPUTER INC | 2.4 % |
| SUPER MICRO COMPUTER, INC. | 2.3 % |
| ADVANTEST CORP | 2.3 % |
| ATLASSIAN CORP. CLASS A | 2.3 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 2.2 % |
| NVIDIA CORP | 2.2 % |
| GITLAB, INC. CLASS A | 2.2 % |
| CONFLUENT INC | 2.2 % |
| MARVELL TECHNOLOGY, INC. | 2.2 % |
Constituent Breakdown
| Number of holdings | 64 |
| Herfindahl-Hirschman Index | 230 |
| Wgt avg mkt cap (mns) | $339,956 |
| Large cap (>$10bn) | 90.5% |
| Mid cap ($2-10bn) | 7.6% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 84.6% |
| Emerging mkts. | 15.4% |
Country Exposure
 |
UNITED STATES | 66.7 % |
 |
TAIWAN | 8.9 % |
 |
SOUTH KOREA | 4.1 % |
 |
JAPAN | 2.3 % |
 |
AUSTRALIA | 2.3 % |
 |
HONG KONG | 2.0 % |
 |
CHINA | 1.8 % |
 |
NETHERLANDS | 1.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 21.8% | 22.4% | 24.8% | 29.8% | 30.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 54% |
| MSCI EAFE | 0.83 | 41% |
| MSCI Emg Mkts | 0.83 | 41% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.60% |
| ADV of underlying (mns) | $86,455 |
Technical Indicators
| Recent close | $49.25 |
| 30d moving avg. | $47.75 |
| Annualized volatility | 22.8% |
| Relative strength (RSI) | 55 |
| 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. IVES |
Expenses vs. IVES |
ALTAR Score™ vs. IVES |
|---|---|---|---|---|
| AIVC | Amplify Bloomberg AI Value Chain ETF | 86.2% | -9 bp | +0.1% |
| CHAT | Roundhill Generative AI & Technology ETF | 40.4% | +7 bp | -1.3% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 39.4% | -23 bp | -1.6% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 32.4% | -11 bp | +0.2% |
| FIVG | Defiance Next Gen Connectivity ETF | 28.9% | -38 bp | +1.3% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 28.5% | 0 bp | -0.9% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 28.3% | -28 bp | +0.1% |
| SKYY | First Trust Cloud Computing ETF | 26.9% | -8 bp | -2.0% |
| ARTY | iShares Future AI & Tech ETF | 26.6% | -21 bp | -1.2% |
| XNTK | SPDR NYSE Technology ETF | 25.7% | -33 bp | -0.5% |
Risk and Returns: IVES 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 12/19/2024
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
IVES
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™
IVES
4.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. IVES's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places IVES in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IVESSELL
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 |
| IVES (68 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IVES | 68.0 | 59.7 | 127.7 |
| Peer Avg. | 51.4 | 32.7 | 84.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .