ROE
Astoria US Quality Kings ETF
ROE is an actively managed ETF that provides long-term capital appreciation by investing in US high-quality stocks in the large- and mid-cap space based on proprietary quantitative screens. Holdings are equally weighted, and sector optimized.
US
EQUITY
Active
MANAGEMENT STYLE
149.5 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 01, 2023 |
| Assets (mns) | $150 |
| Expense ratio | 49 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 +
| APPLOVIN CORP. CLASS A | 2.2 % |
| SYNCHRONY FINANCIAL | 1.3 % |
| APOLLO GLOBAL MANAGEMENT INC. | 1.3 % |
| MCKESSON CORP | 1.2 % |
| VISTRA ENERGY CORP. | 1.2 % |
| AMERIPRISE FINANCIAL INC | 1.2 % |
| CHARTER COMMUNICATIONS, INC. CLASS A | 1.2 % |
| LIVE NATION INC | 1.2 % |
| NVIDIA CORP | 1.2 % |
| T-MOBILE US, INC. | 1.1 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 103 |
| Wgt avg mkt cap (mns) | $216,011 |
| 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 | 94.9 % |
 |
IRELAND | 2.0 % |
 |
SWITZERLAND | 1.0 % |
 |
BERMUDA | 1.0 % |
 |
NETHERLANDS | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.9% | 35.7% | -- | -- | -- | -- | 28.3% | Volatility | 12.8% | 12.9% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 88% |
| MSCI EAFE | 0.85 | 80% |
| MSCI Emg Mkts | 0.80 | 50% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $129,607 |
Technical Indicators
| Recent close | $31.62 |
| 30d moving avg. | $30.75 |
| Annualized volatility | 14.3% |
| Relative strength (RSI) | 49 |
| 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. ROE |
Expenses vs. ROE |
ALTAR Score™ vs. ROE |
|---|---|---|---|---|
| GQQQ | Astoria US Quality Growth Kings ETF | 39.5% | -14 bp | -0.9% |
| CHGX | AXS Change Finance ESG ETF | 33.8% | 0 bp | -1.9% |
| ROUS | Hartford Multifactor US Equity ETF | 31.3% | -30 bp | -0.7% |
| AFLG | First Trust Active Factor Large Cap ETF | 31.0% | +6 bp | -1.4% |
| JOET | Virtus Terranova US Quality Momentum ETF | 30.7% | -20 bp | -2.5% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 30.3% | -37 bp | -1.4% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 30.2% | -34 bp | -1.4% |
| DUHP | Dimensional US High Profitability ETF | 30.0% | -28 bp | -0.8% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 29.7% | -24 bp | -0.9% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 29.4% | -34 bp | -1.3% |
Risk and Returns: ROE 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 11/21/2024
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
ROE
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
ROE
7.1%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. ROE's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places ROE in the 77th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ROESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| ROE (49 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ROE | 49.0 | 15.6 | 64.6 |
| Peer Avg. | 56.8 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .