HWAY - ETF AI Analysis
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Themes US Infrastructure ETF (HWAY)
Rating:74Outperform
Price Target:―
Positive Factors
Solid Recent Performance
The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.
Strong Industrial Leaders in Top Holdings
Several of the largest positions, such as major equipment and engineering companies, have delivered strong year-to-date performance, helping support the fund’s returns.
Moderate Expense Ratio
The fund’s expense ratio is reasonably low for a specialized thematic ETF, which helps investors keep more of their returns over time.
Negative Factors
Heavy Sector Concentration in Industrials
With most of the portfolio in industrials, the ETF is highly sensitive to downturns in that single sector.
Limited Geographic Diversification
The fund is overwhelmingly invested in U.S. companies, offering very little exposure to other regions.
Mixed Performance Among Top Holdings
A few of the larger positions have shown weak or slightly negative year-to-date performance, which can drag on overall fund results if that trend continues.
HWAY vs. SPDR S&P 500 ETF (SPY)
AUM2.62M
RegionNorth America
Expense Ratio0.29%
Beta1.11
IssuerThemes
Inception DateSep 12, 2024
Dividend Yield1.4%
Asset ClassEquity
Index TrackedSolactive United States Infrastructure Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume742
30 Day Avg. Volume1,549
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
38.58Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering99
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HWAY Summary
HWAY, the Themes US Infrastructure ETF, follows the Solactive United States Infrastructure Index and focuses on companies tied to U.S. infrastructure, such as transportation, construction, and utilities. It holds well-known names like Caterpillar and Deere, along with major railroad and equipment firms. Someone might invest in this ETF to benefit from long-term government spending and modernization of roads, rail, and other critical systems, while getting diversification across many infrastructure companies. A key risk is that it is heavily concentrated in industrial and infrastructure-related stocks, so its value can rise or fall sharply with that sector.
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 all‑American infrastructure play, with industrial heavyweights in the driver’s seat. Caterpillar, Deere, and Parker Hannifin have been rising steadily, giving the fund a solid tailwind as construction, machinery, and aerospace demand stay firm. Railroads like CSX and Union Pacific add a steady, freight‑corridor backbone, while Quanta Services rides the wave of grid and utility upgrades. On the softer side, CRH has been more mixed and United Rentals is losing a bit of steam, but the story here is clear: U.S. industrials dominate the show.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Caterpillar | 5.82% | $154.44K | $322.73B | 104.84% | 76 Outperform | |
| Deere | 5.24% | $138.97K | $154.24B | 19.11% | 66 Neutral | |
| Quanta Services | 5.07% | $134.34K | $85.58B | 111.54% | 78 Outperform | |
| Parker Hannifin | 4.95% | $131.32K | $115.16B | 44.82% | 79 Outperform | |
| CSX | 4.56% | $120.96K | $73.71B | 31.82% | 78 Outperform | |
| Union Pacific | 4.34% | $115.10K | $140.38B | 0.08% | 72 Outperform | |
| Emerson Electric Company | 4.21% | $111.56K | $73.03B | 15.56% | 76 Outperform | |
| Norfolk Southern | 4.12% | $109.25K | $63.86B | 21.18% | 75 Outperform | |
| CRH plc | 3.71% | $98.32K | £51.28B | 2.38% | 76 Outperform | |
| Fastenal Company | 3.20% | $84.88K | $51.77B | 17.92% | 72 Outperform |
HWAY Technical Analysis
Negative
―
Price Trends
34.29
Negative
32.60
Negative
30.82
Positive
Market Momentum
-0.58
Positive
33.64
Neutral
17.60
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For HWAY, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 34.58, equal to the 50-day MA of 34.29, and equal to the 200-day MA of 30.82, indicating a neutral trend. The MACD of -0.58 indicates Positive momentum. The RSI at 33.64 is Neutral, neither overbought nor oversold. The STOCH value of 17.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HWAY.
HWAY Peer Comparison
Comparison Results
Performance Comparison
HWAY
Themes US Infrastructure ETF
32.53
8.04
32.83%
MILN
Global X Millennial Consumer ETF
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CEPI
REX Crypto Equity Premium Income ETF
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ROKT
SPDR S&P Kensho Final Frontiers ETF
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―
―
RBLD
First Trust Alerian US NextGen Infrastructure ETF
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―
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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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