ROKT
SPDR S&P Kensho Final Frontiers ETF
ROKT tracks a tier-weighted index of US equities associated with space and deep sea exploration.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
19.3 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 22, 2018 |
| Assets (mns) | $19 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROCKET LAB USA, INC. | 17.7 % |
| MOOG INC-CLASS A | 4.0 % |
| TELEDYNE TECHNOLOGIES INC | 4.0 % |
| OCEANEERING INTL INC | 3.9 % |
| HEICO CORP | 3.8 % |
| NORTHROP GRUMMAN CORP | 3.8 % |
| ESCO TECHNOLOGIES INC | 3.7 % |
| RTX CORP | 3.7 % |
| IRIDIUM COMMUNICATIONS INC. | 3.7 % |
| HONEYWELL INTERNATIONAL INC | 3.7 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 603 |
| Wgt avg mkt cap (mns) | $37,750 |
| Large cap (>$10bn) | 49.3% |
| Mid cap ($2-10bn) | 47.2% |
| Small cap (<$2bn) | 3.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.8 % |
 |
BRITAIN | 2.6 % |
 |
ISRAEL | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 35.0% | 44.8% | 24.1% | 16.9% | 11.9% | -- | 14.1% | Volatility | 15.9% | 15.9% | 16.9% | 19.5% | 24.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 61% |
| MSCI EAFE | 0.87 | 46% |
| MSCI Emg Mkts | 0.51 | 15% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $6,032 |
Technical Indicators
| Recent close | $55.03 |
| 30d moving avg. | $57.55 |
| Annualized volatility | 22.6% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 4.3% |
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. ROKT |
Expenses vs. ROKT |
ALTAR Score™ vs. ROKT |
|---|---|---|---|---|
| XAR | SPDR S&P Aerospace & Defense ETF | 42.8% | -10 bp | -0.5% |
| MISL | First Trust Indxx Aerospace & Defense ETF | 38.1% | +15 bp | +0.2% |
| PPA | Invesco Aerospace & Defense ETF | 37.6% | +13 bp | -0.1% |
| NATO | Themes Transatlantic Defense ETF | 36.2% | -10 bp | +0.6% |
| FITE | SPDR S&P Kensho Future Security ETF | 34.4% | 0 bp | -0.4% |
| UFO | Procure Space ETF | 31.5% | +30 bp | -4.0% |
| ITA | iShares U.S. Aerospace & Defense ETF | 30.8% | -5 bp | +0.1% |
| SHLD | Global X Defense Tech ETF | 25.3% | +5 bp | +2.3% |
| ARKX | ARK Space Exploration & Innovation ETF | 21.8% | +30 bp | -0.1% |
| XLI | Industrial Select Sector SPDR Fund | 19.2% | -36 bp | +1.7% |
Risk and Returns: ROKT 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 12/18/2024
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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
ROKT
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
ROKT
2.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. ROKT's ALTAR Score™ is approximately
1.1 standard deviations
below
the category average. This places ROKT in the 13rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ROKTSELL
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 |
| ROKT (45 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ROKT | 45.0 | 22.5 | 67.5 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .