ROOF
IQ CBRE NextGen Real Estate ETF
IQ US Real Estate Small Cap ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the IQ US Real Estate Small Cap Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
153.0 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | IndexIQ Advisors LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 14, 2011 |
| Assets (mns) | $153 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PROLOGIS INC | 5.2 % |
| AMERICAN TOWER CORP-CL A | 5.1 % |
| SBA COMMUNICATIONS CORP. CLASS A | 4.8 % |
| CROWN CASTLE INTL CORP | 4.7 % |
| WELLTOWER, INC. | 4.6 % |
| KEPPEL DC REIT | 4.5 % |
| EQUINIX INC | 4.4 % |
| DIGITAL REALTY TRUST INC | 4.2 % |
| UNITI GROUP INC | 3.7 % |
| SEGRO PLC | 3.3 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 284 |
| Wgt avg mkt cap (mns) | $28,459 |
| Large cap (>$10bn) | 61.4% |
| Mid cap ($2-10bn) | 25.6% |
| Small cap (<$2bn) | 13.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 75.8 % |
 |
SINGAPORE | 9.3 % |
 |
BRITAIN | 5.9 % |
 |
JAPAN | 3.8 % |
 |
CANADA | 1.8 % |
 |
BELGIUM | 0.6 % |
 |
SWEDEN | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 14.4% | 16.2% | 18.4% | 21.1% | 29.5% | 23.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.10 | 75% |
| MSCI EAFE | 1.12 | 78% |
| MSCI Emg Mkts | 0.93 | 53% |
Liquidity Measures
| Avg. volume (000) | 14 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $4,102 |
Technical Indicators
| Recent close | $20.75 |
| 30d moving avg. | $20.71 |
| Annualized volatility | 22.4% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 6.4% |
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. ROOF |
Expenses vs. ROOF |
ALTAR Score™ vs. ROOF |
|---|---|---|---|---|
| DTRE | First Trust Alerian Disruptive Technology Real Estate ETF | 54.6% | 0 bp | -0.8% |
| DFAR | Dimensional US Real Estate ETF | 52.4% | -41 bp | -0.9% |
| SCHH | Schwab U.S. REIT ETF | 51.4% | -53 bp | -0.7% |
| FREL | Fidelity MSCI Real Estate Index ETF | 49.8% | -52 bp | -1.2% |
| AVRE | Avantis Real Estate ETF | 49.7% | -43 bp | -1.5% |
| IYR | iShares U.S. Real Estate ETF | 49.1% | -20 bp | -1.3% |
| VNQ | Vanguard Real Estate ETF | 48.9% | -48 bp | -1.2% |
| ICF | iShares Cohen & Steers REIT ETF | 48.5% | -27 bp | -1.6% |
| DFGR | Dimensional Global Real Estate ETF | 47.5% | -38 bp | -1.1% |
| VGSR | Vert Global Sustainable Real Estate ETF | 47.4% | -13 bp | -1.9% |
Risk and Returns: ROOF 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 11/20/2024
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
ROOF
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
ROOF
7.8%
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%. ROOF's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places ROOF in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ROOFSELL
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 |
| ROOF (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ROOF | 60.0 | 25.9 | 85.9 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .