ERSX
ERShares NextGen Entrepreneurs ETF

Price: $21.26
Change: $0.37 (-0.02%)
Last Updated:

Vitals

Brand ERShares
Structure ETF
Expense Ratio 0.75%
ETF Home Page Home page
Inception Dec 28, 2018

Analyst Report

ERShares International Entrepreneur ETF (ERSX) selects the most entrepreneurial, primarily Non-US Small Cap companies, that meet the thresholds embedded in their proprietary Entrepreneur Factor (EF). ERShares’ EF delivers strong performance across a variety of investment strategies without disrupting investors’ underlying risk profile metrics. Their geographic diversity enables them to harness global advantages through additional returns associated with currency fluctuations, strategic geographic allocations, comparative trade imbalances and relative supply/demand strengths.


Their EF incorporates a methodology, powered by artificial intelligence (AI), that stands above other investment factors such as: momentum, sector, growth, value, leverage, market cap (size) and geographic orientation. Moreover, with the aid of AI and Thematic Research, ERShares incorporates a macro-economic, top-down approach that integrates changing investment flows, innovation entry points, sector growth and other characteristics into a dynamic, global perspective model. 


In addition to evaluating 55,000+ global public companies for entrepreneurial characteristics, ERShares exploits state-of-the-art machine learning techniques to develop a more sophisticated assessment of targeted investments. The net result helps them maintain an edge in delivering their one-of-a-kind, proprietary, alpha-generating, Entrepreneur Factor (EF). ERShares’ research, developed at Harvard University, has been widely disseminated in leading investment journals around the world and has surpassed independent peer review. This proprietary research and ERShares’ long standing position as one of the first (if not the first) thematic investment managers (established in 2005), enables them to maintain their leadership status within the community of disruptive, innovative and Entrepreneurial investment strategies. 


Many of the ERSX portfolio companies experience unique cost efficiencies and demand explosions, through disruptive innovation adjustments in their respective industries. The ERSX ETF exploits these demand expansions/cost utilizations through its investment methodology applied across a multitude of industrial sectors though typically has a penchant to concentrate primarily on sectors within Information Technology, HealthCare, Communication Services and Consumer Discretionary. Portfolio constituents include world-class entrepreneurs who drive disruptive innovation and wealth creation in emerging growth companies. Leadership cohorts often include relatively unknown international entrepreneurs who represent the next generation of exceptional global leaders. 


Joel Shulman, founder of ERShares, is a global asset manager that has successfully managed professional assets for ultra-high net worth, pension funds and other institutional investors for 15+ years. He is a frequent contributor to major news networks and print media commenting on Market issues. In addition to ERSX, ERShares also offers another ETF (ENTR), separately managed accounts and several mutual funds.

ETF Database Themes

Asset Class Equity
Asset Class Size Small-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

  • Segment Equity: Global Ex-U.S. Broad Thematic
  • Category Sector
  • Focus Theme
  • Niche Broad Thematic
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $21.13
  • 52 Week Hi $29.44
  • AUM $38.6 M
  • Shares 1.8 M

Historical Trading Data

  • 1 Month Avg. Volume 2,700
  • 3 Month Avg. Volume 2,563

Alternative ETFs in the ETF Database Small Cap Blend Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHA 0.04% $16.1 B 435,009 11.62%
Largest (AUM) IJR 0.06% $69.8 B 4 M 21.24%
Most Liquid (Volume) IJR 0.06% $69.8 B 4 M 21.24%
Top YTD Performer CALF 0.59% $567.2 M 127,559 37.20%

Alternative ETFs in the FactSet Equity: Global Ex-U.S. Broad Thematic Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SXUS 0.60% $43.1 M N/A N/A
Largest (AUM) SXUS 0.60% $43.1 M N/A N/A
Most Liquid (Volume) SXUS 0.60% $43.1 M N/A N/A
Top YTD Performer SXUS 0.60% $43.1 M N/A N/A

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

ERSX ETF Database Category Average FactSet Segment Average
Number of Holdings 58 442 49
% of Assets in Top 10 35.45% 22.17% 37.67%
% of Assets in Top 15 46.67% 27.07% 51.00%
% of Assets in Top 50 95.17% 47.98% 97.58%

Size Comparison

ERSX ETF Database Category Average FactSet Segment Average
Large (>12.9B) 25.16% 3.34% 12.58%
Mid (>2.7B) 55.47% 41.91% 27.74%
Small (>600M) 19.07% 41.64% 9.54%
Micro (<600M) 0.31% 8.19% 0.16%

ERSX Valuation

This section compares the P/E ratio of this ETF to its peers.

ERSX
P/E Ratio
32.36
ETF Database Category Average
P/E Ratio
16.46
FactSet Segment Average
P/E Ratio
16.18

ERSX Dividend

This section compares the dividend yield of this ETF to its peers.

ERSX ETF Database Category Average FactSet Segment Average
Dividend $ 0.12 $ 0.20 $ 0.06
Dividend Date 2020-12-21 N/A N/A
Annual Dividend Rate $ 0.12 $ 0.71 $ 0.06
Annual Dividend Yield 0.48% 1.33% 0.24%

ERSX Price and Volume Charts

View charts featuring ERSX price and volume data.

ERSX Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 693 K 6 Month Net Flows: 693 K 1 Year Net Flows: 5.26 M 3 Year Net Flows: 18.76 M 5 Year Net Flows: 18.76 M 10 Year Net Flows: 18.76 M

ERSX Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for ERSX 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 ETF Database Pro members, shows the ETF in the Small Cap Blend Equities 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

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

A+ Overall Rated ETF:

ERSX Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

ERSX
Expense Ratio
0.75%
ETF Database Category Average
Expense Ratio
0.54%
FactSet Segment Average
Expense Ratio
0.68%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
6.19/10
ESG Score
41.02%
Global Percentile
34.55%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      6.51%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      39.38
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      6.51%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      1.38%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

ERSX Performance

This section shows how this ETF has performed relative to its peers.

ERSX ETF Database
Category Average
Factset Segment
Average
1 Month Return -12.96% -5.85% -10.15%
3 Month Return -14.70% -5.48% -14.17%
YTD Return -8.46% 15.17% -4.23%
1 Year Return -0.38% 20.35% -0.19%
3 Year Return N/A 27.65% 0.00%
5 Year Return N/A 31.05% 0.00%

Geographic Exposure

The following charts reflect the geographic spread of ERSX's underlying holdings.

Region Percentage
North, Central and South America 39.88%
Asia Pacific 31.13%
Europe 21.05%
Other 7.94%
Country Percentage
Israel 18.44%
Sweden 14.29%
Australia 13.78%
Canada 9.46%
Japan 9.29%
Other 7.94%
United Kingdom 7.79%
China 4.13%
United States 3.59%
Luxembourg 2.0%
Switzerland 1.93%
Hong Kong 1.76%
New Zealand 1.73%
Cambodia 1.38%
Singapore 1.27%
Uruguay 1.22%

Holdings Analysis

The following charts reflect the allocation of ERSX's underlying holdings.

Sector Percentage
Technology Services 35.24%
Finance 11.09%
Retail Trade 8.35%
Health Technology 8.3%
CASH 7.94%
Producer Manufacturing 5.76%
Consumer Services 5.1%
Consumer Non-Durables 4.06%
Consumer Durables 3.6%
Electronic Technology 2.71%
Commercial Services 2.62%
Industrial Services 1.72%
Communications 1.71%
Utilities 1.22%
Process Industries 0.58%
Market Cap Percentage
Mid 55.47%
Large 25.16%
Small 19.07%
Micro 0.31%
Region Percentage
Asset Percentage
Share/Common/Ordinary 89.85%
CASH 7.94%
American Depositary Receipt 2.21%
Sector Percentage
Technology Services 35.24%
Finance 11.09%
Retail Trade 8.35%
Health Technology 8.3%
CASH 7.94%
Producer Manufacturing 5.76%
Consumer Services 5.1%
Consumer Non-Durables 4.06%
Consumer Durables 3.6%
Electronic Technology 2.71%
Commercial Services 2.62%
Industrial Services 1.72%
Communications 1.71%
Utilities 1.22%
Process Industries 0.58%

ERSX Technicals

Volatility Analysis

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

5 Day Volatility
35.19%
Rank
38 of 61

20 Day Volatility
16.60%
Rank
57 of 61

50 Day Volatility
20.10%
Rank
16 of 61

200 Day Volatility
19.07%
Rank
26 of 61

Beta
1.1
Rank
47 of 61

Standard Deviation
1.40%
Rank
58 of 60

Technicals

  • 20 Day MA $23.31
  • 60 Day MA $23.81
  • MACD 15 Period -1.73
  • MACD 100 Period -2.45
  • Williams % Range 10 Day 95.78
  • Williams % Range 20 Day 96.57
  • RSI 10 Day 14
  • RSI 20 Day 26
  • RSI 30 Day 33
  • Ultimate Oscillator 27

Bollinger Bands

  • Lower Bollinger (10 Day) $20.96
  • Upper Bollinger (10 Day) $23.81
  • Lower Bollinger (20 Day) $21.18
  • Upper Bollinger (20 Day) $25.48
  • Lower Bollinger (30 Day) $21.64
  • Upper Bollinger (30 Day) $25.82

Support & Resistance

  • Support Level 1 $21.19
  • Support Level 2 $21.11
  • Resistance Level 1 $21.30
  • Resistance Level 2 $21.34

Stochastic

  • Stochastic Oscillator %D (1 Day) 74.40
  • Stochastic Oscillator %D (5 Day) 7.89
  • Stochastic Oscillator %K (1 Day) 58.82
  • Stochastic Oscillator %K (5 Day) 9.33

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.01
  • Maximum Premium Discount (%) 1.84
  • Average Spread (%) 3.00
  • Average Spread ($) 3.00

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the ERSX ETF home page for more information.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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