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
55.9 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) | $56 |
| 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 | 5.4 % |
| BROADCOM INC. | 5.1 % |
| CASH & OTHER | 3.9 % |
| CINTAS CORP | 2.8 % |
| VISA INC. CLASS A | 2.8 % |
| MASTERCARD INCORPORATED CLASS A | 2.8 % |
| KLA CORPORATION | 2.7 % |
| WW GRAINGER INC | 2.6 % |
| HUBBELL INCORPORATED CLASS B | 2.5 % |
| VERISK ANALYTICS INC-CLASS A | 2.4 % |
Constituent Breakdown
| Number of holdings | 58 |
| Herfindahl-Hirschman Index | 210 |
| Wgt avg mkt cap (mns) | $279,364 |
| 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 | 88.2 % |
 |
IRELAND | 3.0 % |
 |
SWITZERLAND | 2.5 % |
 |
BRITAIN | 2.5 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.9% | 12.3% | 15.5% | 8.1% | 13.2% | -- | 13.1% | Volatility | 14.0% | 13.7% | 14.0% | 18.1% | 22.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 91% |
| MSCI EAFE | 0.91 | 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) | $67,522 |
Technical Indicators
| Recent close | $67.72 |
| 30d moving avg. | $67.94 |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LEAD |
Expenses vs. LEAD |
ALTAR Score™ vs. LEAD |
|---|---|---|---|---|
| DFND | Siren DIVCON Dividend Defender ETF | 48.2% | +146 bp | -4.7% |
| STXD | Strive 1000 Dividend Growth ETF | 32.8% | -8 bp | +0.5% |
| SPHQ | Invesco S&P 500 Quality ETF | 30.1% | -28 bp | +0.8% |
| VIG | Vanguard Dividend Appreciation ETF | 29.4% | -37 bp | +0.9% |
| QUAL | iShares MSCI USA Quality Factor ETF | 29.1% | -28 bp | +0.8% |
| LVOL | American Century Low Volatility ETF | 29.0% | -14 bp | +0.1% |
| FTCS | First Trust Capital Strength ETF | 27.0% | +12 bp | +1.3% |
| PSET | Principal Quality ETF | 26.7% | -28 bp | +0.9% |
| BEEZ | Honeytree U.S. Equity ETF | 26.4% | +21 bp | +0.2% |
| PFM | Invesco Dividend Achievers ETF | 26.1% | +10 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 2/21/2025
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
LEAD
4.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 957 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. LEAD's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places LEAD in the 37th 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. | 37.0 | 15.2 | 52.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .