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HWAY - ETF AI Analysis
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Themes US Infrastructure ETF (HWAY)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, such as Caterpillar and United Rentals, have delivered strong year-to-date performance, contributing positively to the ETF's returns.
Focused Sector Exposure
The ETF's heavy allocation to Industrials and Materials aligns well with its infrastructure theme, benefiting from growth in these sectors.
Low Expense Ratio
With a competitive expense ratio of 0.29%, the fund offers cost-efficient access to infrastructure-focused investments.
Negative Factors
High Sector Concentration
The ETF is heavily concentrated in Industrials, which makes it vulnerable to sector-specific downturns.
Limited Geographic Diversification
With over 94% of its exposure in the U.S., the fund lacks significant international diversification, which could limit its ability to benefit from global infrastructure growth.
Underperforming Holdings
Some holdings, such as Union Pacific and Emerson Electric, have shown weaker year-to-date performance, which could drag on overall returns.
HWAY vs. SPDR S&P 500 ETF (SPY)
AUM1.57M
RegionNorth America
Expense Ratio0.29%
Beta1.11
IssuerThemes
Inception DateSep 12, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedSolactive United States Infrastructure Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume525
30 Day Avg. Volume535
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
34.76Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering101
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HWAY Summary
The Themes US Infrastructure ETF (HWAY) is an investment fund focused on companies involved in the U.S. infrastructure sector, such as transportation, utilities, and construction. It follows the Solactive United States Infrastructure Index and includes well-known companies like Caterpillar and Norfolk Southern. This ETF is a good choice for investors who want to benefit from government spending and modernization projects in infrastructure, offering diversification across industry leaders. However, new investors should be aware that its performance can fluctuate with changes in economic conditions and infrastructure spending priorities.
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
The Themes US Infrastructure ETF (HWAY) leans heavily on industrials, with names like Caterpillar and Parker Hannifin driving steady gains thanks to strong financial performance and bullish momentum. Quanta Services is also rising, supported by robust revenue growth and a record backlog. However, the fund faces headwinds from lagging stocks like Union Pacific and United Rentals, which are struggling with bearish momentum and operational challenges. With its concentrated focus on U.S. infrastructure, HWAY offers a compelling play on modernization trends, though its reliance on a few key sectors adds a layer of risk.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Parker Hannifin | 5.12% | $80.12K | $108.71B | 22.56% | 77 Outperform | |
| Caterpillar | 5.09% | $79.75K | $268.49B | 42.12% | 76 Outperform | |
| Deere | 4.53% | $70.95K | $127.02B | 0.85% | 66 Neutral | |
| CRH plc | 4.52% | $70.72K | £60.52B | 12.28% | 76 Outperform | |
| Emerson Electric Company | 4.42% | $69.27K | $73.84B | -0.87% | 71 Outperform | |
| Union Pacific | 4.39% | $68.74K | $136.82B | -5.94% | 66 Neutral | |
| Norfolk Southern | 4.35% | $68.16K | $70.97B | 5.14% | 64 Neutral | |
| Quanta Services | 4.35% | $68.14K | $68.66B | 33.64% | 76 Outperform | |
| CSX | 4.23% | $66.22K | $65.73B | -3.50% | 77 Outperform | |
| United Rentals | 3.38% | $52.97K | $51.86B | -5.89% | 73 Outperform |
HWAY Technical Analysis
Positive
―
Price Trends
30.69
Positive
30.18
Positive
28.04
Positive
Market Momentum
-0.02
Negative
59.02
Neutral
81.64
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 30.70, equal to the 50-day MA of 30.69, and equal to the 200-day MA of 28.04, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 59.02 is Neutral, neither overbought nor oversold. The STOCH value of 81.64 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
31.32
1.80
6.10%
FITE
SPDR S&P Kensho Future Security ETF
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―
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POWR
Ishares U.S. Power Infrastructure Etf
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―
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RBLD
First Trust Alerian US NextGen Infrastructure ETF
―
―
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INFR
ClearBridge Sustainable 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.
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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