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
147.1 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) | $147 |
| 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 +
| PALO ALTO NETWORKS INC | 2.0 % |
| BROADCOM INC. | 1.4 % |
| TESLA MOTORS INC | 1.3 % |
| ALPHABET INC. CLASS A | 1.1 % |
| WILLIAMS-SONOMA INC | 1.1 % |
| TERADYNE INC | 1.1 % |
| AMAZON.COM INC | 1.1 % |
| ARISTA NETWORKS, INC. | 1.1 % |
| META PLATFORMS INC | 1.1 % |
| APPLE INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 99 |
| Wgt avg mkt cap (mns) | $212,201 |
| Large cap (>$10bn) | 99.5% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
IRELAND | 2.0 % |
 |
BERMUDA | 1.0 % |
 |
NETHERLANDS | 0.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 25.0% | 33.0% | -- | -- | -- | -- | 33.5% | Volatility | 12.8% | 12.9% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 89% |
| MSCI EAFE | 0.81 | 66% |
| MSCI Emg Mkts | 0.63 | 31% |
Liquidity Measures
| Avg. volume (000) | 27 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $94,611 |
Technical Indicators
| Recent close | $30.70 |
| 30d moving avg. | $31.80 |
| Annualized volatility | 14.4% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| 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 |
|---|---|---|---|---|
| EQWL | Invesco S&P 100 Equal Weight ETF | 39.4% | -24 bp | -1.0% |
| ROUS | Hartford Multifactor US Equity ETF | 38.2% | -30 bp | -0.7% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 37.4% | -34 bp | -1.5% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 37.3% | -34 bp | -1.5% |
| GQQQ | Astoria US Quality Growth Kings ETF | 36.4% | -14 bp | -2.3% |
| CHGX | AXS Change Finance ESG ETF | 36.0% | 0 bp | -2.1% |
| AFLG | First Trust Active Factor Large Cap ETF | 35.0% | +6 bp | -1.5% |
| VUSE | Vident U.S. Equity Strategy ETF | 34.9% | +1 bp | -3.0% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 34.8% | -37 bp | -1.6% |
| QARP | Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 34.4% | -30 bp | -1.1% |
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 12/20/2024
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
7.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. 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 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .