NETZ
TCW Transform Systems ETF
NETZ is actively managed and seeks to invest in companies that will drive and benefit from the development of sustainable business practices and climate-friendly business models.
US
EQUITY
Active
MANAGEMENT STYLE
$ 1.4 B
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Feb 02, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| GE AEROSPACE | 9.0 % |
| VERTIV HOLDINGS CO. CLASS A | 6.4 % |
| APPLIED MATERIALS INC | 5.9 % |
| KLA CORPORATION | 5.2 % |
| GE VERONA | 4.9 % |
| SAFRAN SA | 4.8 % |
| POWELL INDUSTRIES INC | 4.8 % |
| BROADCOM INC. | 4.0 % |
| TRANE TECHNOLOGIES PLC | 3.8 % |
| BLOOM ENERGY CORPORATION CLASS A | 3.8 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 409 |
| Wgt avg mkt cap (mns) | $288,809 |
| Large cap (>$10bn) | 89.9% |
| Mid cap ($2-10bn) | 4.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 91.7% |
| Emerging mkts. | 2.7% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 70.8 % |
 |
FRANCE | 4.8 % |
 |
IRELAND | 4.8 % |
 |
NETHERLANDS | 3.5 % |
 |
GERMANY | 3.1 % |
 |
CANADA | 2.7 % |
 |
TAIWAN | 2.7 % |
 |
SWEDEN | 2.0 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.1% | 27.3% | 32.2% | 30.8% | -- | -- | -- | 21.6% |
| Dividend Yield | 0.0% | 0.0% | 0.3% | 0.5% | -- | -- | -- | 0.7% |
| Total Returns | 25.1% | 27.3% | 32.5% | 31.3% | -- | -- | -- | 22.3% | Ann. Volatility | 29.5% | 25.7% | 26.3% | 22.7% | -- | -- | -- | 22.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.56 | 61% |
| MSCI EAFE | 1.18 | 53% |
| MSCI Emg Mkts | 0.85 | 58% |
Liquidity Measures
| Avg. volume (000) | 111 |
| ADV traded (mns) | $12 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $112.74 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 1.45/0.86 |
| Bollinger Bands (Upper/Lower) | $118.98/$107.67 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NETZ |
Expenses vs. NETZ |
ALTAR Score™ vs. NETZ |
|---|---|---|---|---|
| AIPO | Defiance AI & Power Infrastructure ETF | 25.5% | -6 bp | -1.3% |
| IQM | Franklin Intelligent Machines ETF | 25.4% | -25 bp | -0.9% |
| XLI | Industrial Select Sector SPDR | 25.0% | -67 bp | +1.6% |
| FIDU | Fidelity MSCI Industrial Index ETF | 23.1% | -67 bp | +1.5% |
| VIS | Vanguard Industrials ETF | 21.6% | -66 bp | +1.6% |
| GRNY | Fundstrat Granny Shots US Large Cap ETF | 21.5% | 0 bp | +0.3% |
| PWB | Invesco Large Cap Growth ETF | 21.3% | -19 bp | +0.2% |
| SPHQ | Invesco S&P 500 Quality ETF | 21.2% | -60 bp | +2.7% |
| GGRW | Gabelli Growth Innovators ETF | 21.2% | +15 bp | +0.1% |
| VOLT | Tema Electrification ETF | 19.9% | 0 bp | +0.2% |
Risk and Returns: NETZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.7%
ALTAR SCORE™
10st
PERCENTILE
AVOID
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. NETZ's ALTAR Score™ is approximately -1.3 standard
deviations above the category average. This places NETZ in the 10st percentile
among funds in the category.
Sell-Side Consensus
$115.21
PRICE TARGET
+4.9%
UPSIDE