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DECO - ETF AI Analysis
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SPDR Galaxy Digital Asset Ecosystem ETF (DECO)
Rating:60Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong year-to-date returns, indicating solid performance in 2023 so far.
Top Holdings with High Growth
Several top holdings, such as Cipher Mining and Micron, have shown strong year-to-date growth, contributing positively to the fund.
Focused Sector Exposure
The ETF's focus on financial and technology sectors positions it to benefit from growth in these high-potential industries.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio, which can eat into investor returns over time.
Over-Concentration in U.S. Market
With over 91% of its exposure in the U.S., the ETF lacks geographic diversification and is vulnerable to domestic market risks.
Underperformance in Recent Months
The ETF has experienced negative performance over the past month, which could indicate short-term volatility.
DECO vs. SPDR S&P 500 ETF (SPY)
AUM14.94M
RegionGlobal
Expense Ratio0.65%
Beta2.20
IssuerSPDR
Inception DateSep 09, 2024
Dividend Yield1.04%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume610
30 Day Avg. Volume1,238
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
70.94Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering29
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DECO Summary
The SPDR Galaxy Digital Asset Ecosystem ETF (ticker: DECO) is an investment fund focused on companies involved in blockchain technology and digital assets. It includes businesses like Core Scientific and Riot Platforms, which are leaders in cryptocurrency mining and blockchain innovation. This ETF is a great option for investors who want to tap into the growth potential of the blockchain sector and the digital transformation of industries. However, new investors should be aware that this fund is heavily tied to the performance of the blockchain and cryptocurrency markets, which can be highly volatile.
How much will it cost me?The SPDR Galaxy Digital Asset Ecosystem ETF (DECO) has an expense ratio of 0.65%, meaning you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because it is actively managed to focus on the specialized and fast-evolving blockchain sector.
What would affect this ETF?The SPDR Galaxy Digital Asset Ecosystem ETF (DECO) could benefit from growing adoption of blockchain technology and increased interest in cryptocurrencies, which may drive demand for the companies in its portfolio. However, it faces risks from regulatory changes targeting digital assets, as well as potential volatility in the cryptocurrency market, which could negatively impact its holdings in mining and blockchain-focused firms. Broader economic conditions, such as rising interest rates or a global economic slowdown, could also influence the performance of its financial and technology sector investments.
DECO Top 10 Holdings
The SPDR Galaxy Digital Asset Ecosystem ETF (DECO) is heavily concentrated in blockchain and digital asset companies, with a notable tilt toward cryptocurrency mining and technology. Micron and TSMC are rising stars, benefiting from strong demand in AI and advanced chip technologies, providing a much-needed boost to the fund. However, lagging performance from Core Scientific and Riot Platforms is dragging the ETF, as financial challenges and bearish momentum weigh on these names. With a global mix of holdings, DECO offers exposure to blockchain innovation but remains vulnerable to volatility in the crypto sector.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Core Scientific Inc | 14.54% | $2.14M | $5.04B | 15.59% | 46 Neutral | |
| Riot Platforms | 10.59% | $1.56M | $5.68B | 25.87% | 68 Neutral | |
| Cleanspark | 6.90% | $1.01M | $3.05B | 18.24% | 73 Outperform | |
| Bitfarms | 6.12% | $900.49K | $1.58B | 72.22% | ― | |
| Cipher Mining | 5.50% | $808.86K | $6.35B | 218.42% | 56 Neutral | |
| Micron | 5.20% | $765.23K | $382.17B | 228.96% | 79 Outperform | |
| Alphabet Class A | 5.01% | $737.45K | $3.89T | 67.80% | 85 Outperform | |
| Vertiv Holdings | 3.78% | $556.30K | $65.59B | 24.38% | 77 Outperform | |
| TSMC | 2.85% | $419.77K | $1.37T | 53.54% | 81 Outperform | |
| Applied Materials | 2.70% | $397.68K | $231.70B | 59.13% | 77 Outperform |
DECO Technical Analysis
Positive
―
Price Trends
49.28
Positive
47.76
Positive
39.40
Positive
Market Momentum
0.36
Negative
57.43
Neutral
90.81
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For DECO, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 47.97, equal to the 50-day MA of 49.28, and equal to the 200-day MA of 39.40, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 57.43 is Neutral, neither overbought nor oversold. The STOCH value of 90.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DECO.
DECO Peer Comparison
Comparison Results
Performance Comparison
DECO
SPDR Galaxy Digital Asset Ecosystem ETF
50.72
16.85
49.75%
FFND
Future Fund Active ETF
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―
―
AGIX
KraneShares Artificial Intelligence & Technology ETF
―
―
―
HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
―
―
―
BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
―
―
―
BCDF
Horizon Kinetics Blockchain Development ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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