Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to ETFdb.com. Please help us personalize your experience.

Select the one that best describes you

Best ETFs to Play The Brexit Negotiations

Etfdb logo
  • ETF
  • SIZ
    Pricing Data
    Change: $0.35 (-0.02%)
    Time: 03/28/17
    Previous Close: $21.30
  • Category
  • Long-Short
Last Updated:



Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $20.50
  • 52 Week Hi: $22.29
  • AUM: $2.1 M
  • Shares: 0.1 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 1,533
  • 3 Month Avg. Volume: 1,263

Alternative ETFs in the Long-Short Category

Sign Up for Pro to Unlock Data Sign Up
Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF is part of a suite of "market neutral" products offered by QuantShares, a unique lineup of funds that has the potential to appreciate (or lose value) in any type of market. Because SIZ maintains equal long and short dollar positions, its performance is independent of the overall U.S. stock market; rather, it depends on how certain sub-sets (or factors) of the U.S. equity market perform relative to one another. As such, these securities can be used in a number of different ways. Since it should exhibit very low correlations to both stock and bond markets (SIZ should have a beta of close to zero), some may see this ETF as a tool for smoothing out portfolio volatility--essentially a diversifying agent within traditional stock-and-bond portfolios. Others who believe the methodology has the potential to exploit market inefficiencies may see it as a means of generating alpha over both long and short time periods. Specifically, SIZ is designed to capture the spread return between large and small U.S.; the portfolio maintains short positions in U.S. equities with the greatest market capitalization and long positions in U.S. equities with the lowest market capitalizations. Given this objective, SIZ can be generally expected to struggle when small cap stocks beat their large cap counterparts. Since small caps tend to be more volatile than large cap stocks, SIZ may maintain a risk/return profile similar to BTAH, which goes long in high beta stocks and short low beta stocks. SIZ is essentially a bet on outperformance from small cap companies, but with far less volatility than a traditional long position in small cap stocks (such as an investment in any of the ETFs in the Small Cap Blend Equities ETFdb Category); returns will be limited to the differential between these two segments of the U.S. equity market, and should be expected to be close to zero over the long haul. This investment approach is certainly nothing new; investors have been implementing strategies designed to capture the spreads between stocks of different sizes for decades. But the availability of this strategy within the ETF wrapper is a new innovation; it gives investors an opportunity to access a technique that may be time consuming and quite expensive if implemented individually through a single ticker symbol that brings all the efficiencies of ETFs. There are a couple noteworthy aspects of SIZ (and all QuantShares ETFs for that matter). The underlying portfolios are sector neutral, which ensures that the fund isn't simply short in corners of the market that tend to have greater concentrations of large cap companies (such as energy and financials) and long those that generally include smaller stocks. Moreover, individual positions are equal weighted, which ensures that no one stock will dominate either the long or short positions in the portfolio. For investors who are seeking a low maintenance way to bet on strong relative performance from small cap stocks, SIZ could be an attractive option. Of course, there are a number of ways for investors to achieve similar exposure on their own; going long in small cap ETFs and short large cap products would be a generally similar strategy. The most significant drawback we see to this ETF is the relatively high expense ratio charged. Because the underlying portfolio is market neutral (it is comprised of equal long and short positions), it would be reasonable to expect that long-term performance, before fees, should be close to zero. After taking out 80 basis points or so in expenses, that makes it likely that SIZ will lose money over the long haul. SIZ's appeal lies in its low volatility and low maintenance access to a somewhat sophisticated investment strategy, not in its potential for impressive long-term performance.

Realtime Rating

Sign Up for Pro to Unlock Data Sign Up

Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for SIZ 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 Long-Short 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

SIZ Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C RALS
Expenses C CSLS

Knowledge Centers

SIZ 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.

SIZ Holdings

Filings Data as of: Feb 02, 2017
Sign Up for Pro to Unlock Data Sign Up

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

SIZ Expenses & Fees

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

Sign Up for Pro to Unlock Data Sign Up

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 2 other ETFs in the Long-Short ETFdb.com Category that are also eligible for commission free trading:

SIZ 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

Brought to You by Mitre Media


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

SIZ Valuation

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

Sign Up for Pro to Unlock Data Sign Up
P/E Ratio
Category Low
Category High

SIZ Dividend

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

Sign Up for Pro to Unlock Data Sign Up
Dividend Date
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Category Low
Category High

SIZ Technicals

Sign Up for Pro to Unlock Data Sign Up

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: $21.41
  • 60 Day MA: $21.59
  • MACD 15 Period: -0.31
  • MACD 100 Period: -0.59
  • Williams % Range 10 Day: 85.19
  • Williams % Range 20 Day: 93.10
  • RSI 10 Day: 37
  • RSI 20 Day: 39
  • RSI 30 Day: 42
  • Ultimate Oscillator: 35

Bollinger Brands

  • Lower Bollinger (10 Day): $20.82
  • Upper Bollinger (10 Day): $21.42
  • Lower Bollinger (20 Day): $20.71
  • Upper Bollinger (20 Day): $22.11
  • Lower Bollinger (30 Day): $20.81
  • Upper Bollinger (30 Day): $22.39

Support & Resistance

  • Support Level 1: $20.90
  • Support Level 2: $20.84
  • Resistance Level 1: $20.98
  • Resistance Level 2: $21.00


  • Stochastic Oscillator %D (1 Day): 75.46
  • Stochastic Oscillator %D (5 Day): 30.43
  • Stochastic Oscillator %K (1 Day): 57.98
  • Stochastic Oscillator %K (5 Day): 22.44

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.