SHOC
Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF
SHOC tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
80.1 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 06, 2022 |
| Assets (mns) | $80 |
| Expense ratio | 40 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
Complete list +
| NVIDIA CORP | 23.6 % |
| ASML HOLDING NV-NY REG SHS | 10.7 % |
| ADVANCED MICRO DEVICES | 8.8 % |
| BROADCOM INC. | 4.9 % |
| TEXAS INSTRUMENTS INC | 4.4 % |
| MICRON TECHNOLOGY INC | 4.4 % |
| APPLIED MATERIALS INC | 4.4 % |
| ANALOG DEVICES INC | 4.4 % |
| LAM RESEARCH CORP | 4.1 % |
| KLA CORPORATION | 4.1 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 940 |
| Wgt avg mkt cap (mns) | $211,606 |
| Large cap (>$10bn) | 98.8% |
| Mid cap ($2-10bn) | 1.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 85.8 % |
 |
NETHERLANDS | 10.7 % |
 |
SWITZERLAND | 2.4 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.9% | 44.8% | -- | -- | -- | -- | 38.6% | Volatility | 29.9% | 27.3% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.73 | 57% |
| MSCI EAFE | 1.00 | 24% |
| MSCI Emg Mkts | 1.48 | 43% |
Liquidity Measures
| Avg. volume (000) | 24 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $51,004 |
Technical Indicators
| Recent close | $46.58 |
| 30d moving avg. | $44.64 |
| Annualized volatility | 28.9% |
| Relative strength (RSI) | 66 |
| 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. SHOC |
Expenses vs. SHOC |
ALTAR Score™ vs. SHOC |
|---|---|---|---|---|
| SMH | VanEck Semiconductor ETF | 79.0% | -5 bp | 0.0% |
| SOXQ | Invesco PHLX Semiconductor ETF | 65.2% | -21 bp | +0.2% |
| SOXX | iShares Semiconductor ETF | 62.5% | -5 bp | +0.9% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 54.5% | +20 bp | +1.5% |
| IQM | Franklin Intelligent Machines ETF | 40.3% | +10 bp | -1.3% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 39.4% | +17 bp | -0.4% |
| XLK | Technology Select Sector SPDR Fund | 35.5% | -31 bp | +0.3% |
| PSI | Invesco Semiconductors ETF | 35.4% | +17 bp | +0.6% |
| IGPT | Invesco AI and Next Gen Software ETF | 34.1% | +20 bp | -0.8% |
| WUGI | AXS Esoterica NextG Economy ETF | 32.9% | +35 bp | -2.2% |
Risk and Returns: SHOC 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 10/17/2024
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
SHOC
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™
SHOC
4.7%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. SHOC's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places SHOC in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SHOCSELL
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 |
| SHOC (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SHOC | 40.0 | 8.4 | 48.4 |
| Peer Avg. | 44.3 | 16.8 | 61.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .