LEAD
Siren DIVCON Leaders Dividend ETF
LEAD tracks an index of dividend-paying US large-cap stocks that are deemed likely to increase their dividends in the next twelve months.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
58.6 M
ASSETS UNDER MGMT
43 bp
EXPENSES
Fund Basics
| Fund sponsor | SRN Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2020 |
| Assets (mns) | $59 |
| Expense ratio | 43 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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 +
| COSTCO WHOLESALE CORP | 4.5 % |
| BROADCOM INC. | 3.6 % |
| SNAP-ON INC | 3.4 % |
| CINTAS CORP | 3.0 % |
| WW GRAINGER INC | 2.9 % |
| HUBBELL INCORPORATED CLASS B | 2.8 % |
| MASTERCARD INCORPORATED CLASS A | 2.6 % |
| VISA INC. CLASS A | 2.4 % |
| MARTIN MARIETTA MATERIALS | 2.4 % |
| VERISK ANALYTICS INC-CLASS A | 2.3 % |
Constituent Breakdown
| Number of holdings | 58 |
| Herfindahl-Hirschman Index | 202 |
| Wgt avg mkt cap (mns) | $241,131 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.2 % |
 |
IRELAND | 6.8 % |
 |
SWITZERLAND | 1.5 % |
 |
BRITAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.6% | 29.1% | 19.5% | 7.2% | 15.0% | -- | 14.0% | Volatility | 13.4% | 13.3% | 15.3% | 18.2% | 21.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 92% |
| MSCI EAFE | 0.89 | 74% |
| MSCI Emg Mkts | 0.67 | 41% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $55,295 |
Technical Indicators
| Recent close | $69.00 |
| 30d moving avg. | $69.42 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 1.8% |
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. LEAD |
Expenses vs. LEAD |
ALTAR Score™ vs. LEAD |
|---|---|---|---|---|
| LVOL | American Century Low Volatility ETF | 34.4% | -14 bp | -0.2% |
| SPHQ | Invesco S&P 500 Quality ETF | 32.3% | -28 bp | +0.6% |
| VIG | Vanguard Dividend Appreciation ETF | 31.1% | -37 bp | +0.5% |
| PSET | Principal Quality ETF | 31.0% | -28 bp | +0.3% |
| STXD | Strive 1000 Dividend Growth ETF | 30.9% | -8 bp | +0.1% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 28.1% | +5 bp | +0.8% |
| PFM | Invesco Dividend Achievers ETF | 27.1% | +10 bp | +0.2% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 26.8% | -14 bp | -0.7% |
| FTCS | First Trust Capital Strength ETF | 26.0% | +12 bp | +0.7% |
| TDV | ProShares S&P Technology Dividend Aristocrats ETF | 25.3% | +2 bp | +0.6% |
Risk and Returns: LEAD 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 11/15/2024
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
LEAD
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™
LEAD
5.1%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. LEAD's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places LEAD in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LEADSELL
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 |
| LEAD (43 bp) Percentile rank | 46 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LEAD | 43.0 | 15.4 | 58.4 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .