ALFA AlphaClone Alternative Alpha ETF

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  • ALFA
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  • Hedge Fund
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ALFA - Profile

Vitals

Investment Themes

Alternative ETFs in the Hedge Fund Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Description

The index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or Clone Score. The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.

Realtime Rating

ALFA - Realtime Rating

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Realtime Rating Summary

ALFA is a passive ETF that seeks to replicate AlphaClone Hedge Fund Long/Short Index. The index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or Clone Score. The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.

The adjacent table gives investors an individual Realtime Rating for ALFA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Hedge Fund with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

ALFA Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B n/a
Expenses C n/a
Performance
Volatility
Dividend
Concentration

Knowledge Center

Sector ETFs

Alternative ETFs

Vanguard Center

Emerging Market ETFs

MLP Center

Leveraged ETFs

ALFA In-Depth Analysis

The following tables and charts contain in-depth metrics for ALFA and compare it to similar peer ETFs within its ETFdb Category.

Holdings

ALFA - Holdings

Filings Data as of: Jun 02, 2015
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Concentration Analysis

This section compares how balanced and deep ALFA is relative to the peer group ETFdb Category.

Number of Holdings
ALFA Rank:
ALFA 74
Category Low
Category High
% Assets in Top 10
ALFA Rank:
ALFA 27.78%
Category Low
Category High

ALFA Asset Allocation

Asset Percentage
U.S. Stocks 86.08%
International Stocks 13.87%
U.S. Bonds 0.0%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.05%
Other 0.0%

ALFA Sector Breakdown

Sector Percentage
Technology 24.15%
Health Care 19.54%
Consumer Cyclical 14.12%
Industrials 13.8%
Financial Services 8.98%
Communication Services 7.34%
Consumer Defensive 4.91%
Utilities 3.06%
Basic Materials 1.98%
Energy 1.06%
Real Estate 1.0%

ALFA Market Cap Breakdown

Market Cap Percentage
Giant 32.98%
Large 21.32%
Medium 26.2%
Small 9.58%
Micro 8.85%

ALFA Region Breakdown

Region Percentage
U.S. 86.08%
Asia (Emerging) 6.77%
Canada 3.81%
Europe 2.19%
Africa 0.0%
Asia (Developed) 0.0%
Japan 0.0%
Latin America 0.0%
Australia 0.0%
Middle East 0.0%

ALFA Market Tier Breakdown

Region Percentage
Developed 93.18%
Emerging 6.77%

ALFA Country Breakdown

Country Percentage
United States 86.08%
China 6.77%
Canada 3.81%
United Kingdom 1.1%
Switzerland 1.09%
Greece 1.09%
Other 0.06%
Expense

ALFA - Expenses & Fees

This section compares the cost efficiency of ALFA to peers in the same ETFdb Category.

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Expenses Ratio Analysis

Expense Ratio
ALFA Rank:
ALFA 0.95%
Category Low
Category High

Commission Free Trading in ALFA

ALFA is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 7 other ETFs in the Hedge Fund ETFdb Category that are also eligible for commission free trading:

Performance

ALFA - Performance

This section shows how ALFA has performed relative to its peer group ETFdb Category.

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1 Week Return
ALFA Rank:
ALFA -1.28%
Category Low
Category High
4 Week Return
ALFA Rank:
ALFA -2.05%
Category Low
Category High
13 Week Return
ALFA Rank:
ALFA 0.73%
Category Low
Category High
26 Week Return
ALFA Rank:
ALFA 7.08%
Category Low
Category High
Year to Date Return
ALFA Rank:
ALFA 7.08%
Category Low
Category High
1 Year Return
ALFA Rank:
ALFA 14.69%
Category Low
Category High
3 Year Return
ALFA Rank:
ALFA 77.79%
Category Low
Category High
5 Year Return
ALFA Rank:
No Ranking Available
Category Low
Category High
Charts

ALFA - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of ALFA relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

Valuation

ALFA - Valuation

This section shows how the P/E multiple of ALFA compares to the peer group ETFdb Category.

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P/E Ratio
ALFA Rank:
ALFA 19.35
Category Low
Category High

As of Jul 01, 2015

Dividend

ALFA - Dividend

This section shows how the dividend yield of ALFA compares to the peer group ETFdb Category.

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Annual Dividend Yield
ALFA Rank:
ALFA 0.01%
Category Low
Category High

As of Jul 01, 2015

Technicals

ALFA - Technicals

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ALFA Volatility Analysis

This section shows how the volatility of ALFA compares to the peer group ETFdb Category.

5 Day Volatility
ALFA Rank:
ALFA 46.68%
Category Low
Category High
20 Day Volatility
ALFA Rank:
ALFA 12.74%
Category Low
Category High
50 Day Volatility
ALFA Rank:
ALFA 13.70%
Category Low
Category High
200 Day Volatility
ALFA Rank:
ALFA 13.09%
Category Low
Category High
Beta
ALFA Rank:
ALFA 1.16
Category Low
Category High
Standard Deviation
ALFA Rank:
ALFA 2.77%
Category Low
Category High

ALFA Technicals

  • 20 Day MA: $45.69
  • 60 Day MA: $45.80
  • MACD 15 Period: -0.35
  • MACD 100 Period: 0.06
  • Williams % Range 10 Day: 65.15
  • Williams % Range 20 Day: 65.15
  • RSI 10 Day: 44
  • RSI 20 Day: 47
  • RSI 30 Day: 49
  • Ultimate Oscillator: 37

ALFA Bollinger Bands

  • Lower Bollinger (10 Day): $44.80
  • Upper Bollinger (10 Day): $46.79
  • Lower Bollinger (20 Day): $44.95
  • Upper Bollinger (20 Day): $46.48
  • Lower Bollinger (30 Day): $45.03
  • Upper Bollinger (30 Day): $46.84

ALFA Support & Resistance

  • Support Level 1: $45.10
  • Support Level 2: $44.84
  • Resistance Level 1: $45.66
  • Resistance Level 2: $45.96

ALFA Stochastic

  • Stochastic Oscillator %D (1 Day): 39.16
  • Stochastic Oscillator %D (5 Day): 30.34
  • Stochastic Oscillator %K (1 Day): 36.79
  • Stochastic Oscillator %K (5 Day): 34.46
Fact Sheet

ALFA - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.