HWAY - ETF AI Analysis
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Themes US Infrastructure ETF (HWAY)
Rating:74Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and in recent months, indicating positive momentum.
Leading Industrial Holdings
Several of the largest industrial companies in the portfolio, such as Caterpillar, Quanta Services, and Deere, have delivered strong year-to-date performance that supports the fund’s returns.
Focused Infrastructure Theme
The heavy tilt toward U.S. industrial and materials companies gives investors targeted exposure to infrastructure-related businesses.
Negative Factors
High Sector Concentration
With most assets in industrials and materials, the fund is heavily exposed to downturns in these specific sectors.
Limited Geographic Diversification
The ETF is overwhelmingly invested in U.S. companies, offering very little exposure to other regions.
Small Fund Size
The relatively low assets under management may lead to less trading volume and potentially wider bid-ask spreads for investors.
HWAY vs. SPDR S&P 500 ETF (SPY)
AUM3.38M
RegionNorth America
Expense Ratio0.29%
Beta1.05
IssuerThemes
Inception DateSep 12, 2024
Dividend Yield1.22%
Asset ClassEquity
Index TrackedSolactive United States Infrastructure Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume900
30 Day Avg. Volume786
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
40.80Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering98
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HWAY Summary
HWAY is the Themes US Infrastructure ETF, which follows the Solactive United States Infrastructure Index. It focuses on U.S. companies tied to infrastructure, such as transportation, construction, and industrial equipment. Well-known holdings include Caterpillar and Deere, which make heavy machinery used in building roads, bridges, and other large projects. Someone might invest in HWAY to benefit from long-term government and private spending on upgrading U.S. infrastructure while getting diversification across many related companies. A key risk is that it is heavily concentrated in industrial and infrastructure stocks, so its value can rise or fall more than the broader market.
How much will it cost me?The Themes US Infrastructure ETF (HWAY) has an expense ratio of 0.29%, which means you’ll pay $2.90 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is actively managed to focus on a specific niche: U.S. infrastructure. The higher cost reflects the specialized approach and curated selection of companies in this sector.
What would affect this ETF?The HWAY ETF could benefit from increased government spending on infrastructure projects, modernization efforts, and the shift toward sustainable systems, as these trends align with its focus on transportation, utilities, and construction companies. However, potential risks include higher interest rates, which could increase borrowing costs for infrastructure projects, and economic slowdowns that might reduce funding or demand for large-scale development. Its heavy exposure to industrials and materials sectors makes it sensitive to changes in commodity prices and regulatory policies affecting construction and transportation industries.
HWAY Top 10 Holdings
HWAY is very much an industrials-first play, with big U.S. names like Caterpillar, Quanta Services, and Deere doing most of the heavy lifting as infrastructure spending ramps up. Comfort Systems has been a standout, sprinting ahead and giving the fund an extra boost, while Quanta and CSX add steady, rising momentum from construction and rail. Emerson and CRH are more of a mixed bag, occasionally losing steam and softening returns. Overall, this is a U.S.-centric bet on hard-hat infrastructure rather than flashy tech, with performance driven by a tight group of industrial leaders.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Caterpillar | 6.56% | $197.05K | $413.40B | 175.61% | 76 Outperform | |
| Quanta Services | 5.88% | $176.42K | $111.79B | 128.60% | 78 Outperform | |
| Deere | 4.68% | $140.49K | $155.27B | 16.70% | 66 Neutral | |
| CSX | 4.44% | $133.42K | $83.30B | 55.98% | 78 Outperform | |
| Parker Hannifin | 4.34% | $130.37K | $110.81B | 35.71% | 79 Outperform | |
| Union Pacific | 4.19% | $125.82K | $157.13B | 22.34% | 72 Outperform | |
| Emerson Electric Company | 3.96% | $118.80K | $79.15B | 25.55% | 76 Outperform | |
| Norfolk Southern | 3.91% | $117.52K | $70.08B | 39.60% | 75 Outperform | |
| Comfort Systems | 3.62% | $108.75K | $68.73B | 348.94% | 80 Outperform | |
| CRH plc | 3.52% | $105.53K | ― | ― | 76 Outperform |
HWAY Technical Analysis
Positive
―
Price Trends
34.88
Positive
34.20
Positive
32.14
Positive
Market Momentum
0.83
Negative
59.21
Neutral
85.55
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For HWAY, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 36.59, equal to the 50-day MA of 34.88, and equal to the 200-day MA of 32.14, indicating a bullish trend. The MACD of 0.83 indicates Negative momentum. The RSI at 59.21 is Neutral, neither overbought nor oversold. The STOCH value of 85.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HWAY.
HWAY Peer Comparison
Comparison Results
Performance Comparison
HWAY
Themes US Infrastructure ETF
37.41
10.95
41.38%
MILN
Global X Millennial Consumer ETF
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CCSO
Carbon Collective Climate Solutions U.S. Equity ETF
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JXX
Janus Henderson Transformational Growth ETF
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―
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RBLD
First Trust Alerian US NextGen Infrastructure ETF
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SIMS
SPDR S&P Kensho Intelligent Structures ETF
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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.
DisclaimerThis 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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