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  • ETF
  • MATH
    Pricing Data
    Change: $0.19 (0.01%)
    Time: 04/21/17
    Previous Close: $29.49
  • Category
  • Diversified Portfolio
Last Updated:



  • Issuer: AdvisorShares
  • Structure: ETF
  • Expense Ratio: 1.50%
  • ETF Home Page: Home page
  • Inception: Jun 23, 2011
  • Tax Form: 1099
  • Tracks This Index: NONE

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $25.53
  • 52 Week Hi: $30.84
  • AUM: $14.9 M
  • Shares: 0.5 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 1,435
  • 3 Month Avg. Volume: 1,165

Alternative ETFs in the Diversified Portfolio Category

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

Analyst Report

This ETF offers exposure to a number of different asset classes, relying on a tactical allocation strategy that strives to rotate between high risk and low risk assets based on the manager's view of the outlook for various markets. MATH maintains considerable flexibility; this ETF can go from 100% equity to 100% fixed income and cash depending on market conditions. As such, MATH could potentially be used as a way of establishing a broad-based portfolio through a single ticker; those who believe that the methodology employed is consistent with their long term return objectives and risk tolerance may be happy to allocate the majority of their assets here. Alternatively, MATH could be used as a satellite holding for more risk tolerant investors looking to minimize the downside of their portfolio. This ETF relies heavily on relative strength and moving averages to determine which asset classes are most appealing in the current environment. As an actively-managed product, MATH maintains the flexibility to quickly shift exposure in changing environments, which some investors may find quite appealing. But the hefty expenses must also be taken into consideration; MATH costs quite a bit more than other ETFs in the Diversified Portfolio ETFdb Category, meaning that this fund must consistently generate alpha just to break even relative to the competition (because MATH is an ETF of ETFs, there is an additional layer of fees). Another intriguing option may be GTAA, which also offers exposure to a wide variety of asset classes based on a quant-based methodology.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for MATH 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 Diversified Portfolio 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.

Compare to another ETF

View the Category Report

MATH Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B n/a
Expenses C+ n/a

Knowledge Centers

MATH In-Depth Analysis

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

MATH Holdings

Filings Data as of: Apr 17, 2017
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Concentration Analysis

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

Number of Holdings
Category Low
Category High
% Assets in Top 10
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Listed Stocks 95.54%
Cash 2.31%
International Stocks 2.15%

Sector Breakdown

Sector Percentage
Technology 16.41%
Financials 15.1%
Industrials 13.57%
Consumer, Cyclical 12.56%
Healthcare 10.59%
Utilities 6.01%
Real Estate 5.58%
Consumer, Non-Cyclical 5.58%
Basic Materials 5.2%
Energy 4.52%
ETF Cash Component 2.31%
Telecommunications 1.39%
Other 1.17%

Market Cap Breakdown

Market Cap Percentage
Large cap 32.39%
Small cap 29.1%
Mid cap 22.4%
Micro cap 13.8%
ETF Cash Component 2.31%

Region Breakdown

Region Percentage
North America 97.98%
Europe 1.57%
Asia-Pacific 0.31%
Asia 0.08%
Latin America 0.06%

Market Tier Breakdown

Region Percentage
United States 97.85%
Developed Markets (ex-US) 1.98%
Not-designated 0.09%
Emerging Markets 0.08%

Country Breakdown

Country Percentage
United States 97.85%
United Kingdom 1.1%
Switzerland 0.25%
Singapore 0.19%
Ireland 0.18%
Canada 0.12%
Australia 0.11%
Thailand 0.08%
Puerto Rico 0.06%
Curacao 0.02%
France 0.02%
Hong Kong 0.01%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Coupon Breakdown

Coupon Range Percentage

Credit Quality

Credit Percentage

Maturity Breakdown

Maturity Percentage

MATH Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

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Expenses Ratio Analysis

ETF Average
ETF Wtd. Average
Category Average
Expense Ratio
Category Low
Category High

Commission Free Trading

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

Category Commission Free Trading

There are 11 other ETFs in the Diversified Portfolio ETFdb.com Category that are also eligible for commission free trading:

MATH Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

1 Week Return
Category Low
Category High
4 Week Return
Category Low
Category High
13 Week Return
Category Low
Category High
26 Week Return
Category Low
Category High
Year to Date Return
Category Low
Category High
1 Year Return
Category Low
Category High
3 Year Return
Category Low
Category High
5 Year Return
Category Low
Category High

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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 MATH relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

MATH Valuation

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

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P/E Ratio
Category Low
Category High

As of Aug 26 2016

MATH Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

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Dividend Date
Annual Dividend Rate
Annual Dividend Yield
Category Low
Category High

As of Aug 26, 2016

MATH Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
Category Low
Category High
20 Day Volatility
Category Low
Category High
50 Day Volatility
Category Low
Category High
200 Day Volatility
Category Low
Category High
Category Low
Category High
Standard Deviation
Category Low
Category High


  • 20 Day MA: $29.69
  • 60 Day MA: $29.83
  • MACD 15 Period: 0.02
  • MACD 100 Period: 0.10
  • Williams % Range 10 Day: 30.91
  • Williams % Range 20 Day: 44.12
  • RSI 10 Day: 50
  • RSI 20 Day: 48
  • RSI 30 Day: 50
  • Ultimate Oscillator: 47

Bollinger Brands

  • Lower Bollinger (10 Day): $29.27
  • Upper Bollinger (10 Day): $29.83
  • Lower Bollinger (20 Day): $29.32
  • Upper Bollinger (20 Day): $30.05
  • Lower Bollinger (30 Day): $29.24
  • Upper Bollinger (30 Day): $30.51

Support & Resistance

  • Support Level 1: $29.62
  • Support Level 2: $29.55
  • Resistance Level 1: $29.72
  • Resistance Level 2: $29.75


  • Stochastic Oscillator %D (1 Day): 45.10
  • Stochastic Oscillator %D (5 Day): 51.78
  • Stochastic Oscillator %K (1 Day): 37.95
  • Stochastic Oscillator %K (5 Day): 36.26

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.

Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.