ProShares - MSCI Transformational Changes ETF
$54.66−0.02 (−0.04%)
- 0.45%
- $8M
- +7.9%
- 0.48%
- 0M sh
- $54.75
- low $44.25high $55.23
The ETF.net ANEW Grade
B
Score 64 out of 100
- 7 of 31
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A93 out of 100Rank 2 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 6 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F11 out of 100Rank 30 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 15 of 31Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C40 out of 100Rank 22 of 31
Our read on ANEW
BLaunched in October 2020, ANEW buys the rethink of how people live, work and connect: roughly 140 global stocks across four themes (future of work, genomics and telehealth, digital consumers, food) in one MSCI index at 0.45%.
The fund invests globally in companies positioned to benefit from major changes in how people live, work, and connect, using four themes: future of work, genomics and telehealth, digital consumers, and food.
Why people hold it
- 0.45% a year, below the median fee in its disruptive-innovation peer group and cheaper than top-rated rivals like XT and TRFM.
- Four themes in one wrapper, roughly 140 names worldwide. Broad by thematic standards, where many rivals ride a single trend.
- Rules-based MSCI index rather than a manager's hunch, and it sits in the upper half of a 31-fund innovation cohort on our review.
Worth knowing
- One of the smaller and more thinly traded funds in its category, so spreads can run wider than the category's giants.
- Everything rides on four themes born of a 2020 rethink of work and health. If they cool, the portfolio has no other engine.
- A global mandate, so returns carry non-US market and currency exposure alongside the theme itself.
ANEW Holdings
- Stocks
- 147
- 24%
- MRNA
Sectors
- Health Care29.9%
- Technology22.7%
- Communication14.3%
- Consumer Discretionary11.5%
- Materials9.3%
- Industrials5.1%
- Consumer Staples4.5%
- Financials2.5%
- Real Estate0.1%
Geography
- United States74.51%
- Switzerland4.37%
- China3.94%
- Germany3.43%
- Japan2.82%
- Taiwan2.69%
- Ireland2.07%
- South Africa1.52%
- 4.66%
Developed 63% · Emerging 37%
ANEW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
ANEW$10,793
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ANEW |
|---|---|
| Year to date | +9.2% |
| 1 month | +2.6% |
| 3 months | +4.9% |
| 1 year | +7.9% |
| 3 years | +17.8% |
| 5 years | +5.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ANEW |
|---|---|---|
| 2026 YTD | +9.2% | |
| 2025 | +12.0% | |
| 2024 | +19.4% | |
| 2023 | +22.8% | |
| 2022 | −29.6% | |
| 2021 | +6.9% | |
| 2020 | +5.8% |
ANEW in the news
ANEW Dividends
- 0.48%
- $0.26
- $0.03 per share
- Quarterly
Distribution history
ANEW Risk
- 13.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.92
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −38.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ANEW Cost
0.45%
ANEW0.45%
- The middle half of Disruptive Innovation funds
- Median 0.65%
1 of the 31 Disruptive Innovation funds charge less.
Other funds in Disruptive Innovation
- BGINNGoldman Sachs Innovate Equity ETFExpense ratio 0.50%1 year return +13.3%
- BFDTXFidelity Disruptive Technology ETFExpense ratio 0.50%1 year return +46.8%
- BTNXTT. Rowe Price Innovation Leaders ETFExpense ratio 0.49%1 year return —
- BDTECALPS Disruptive Technologies ETFExpense ratio 0.50%1 year return +2.9%
- BFRWDNomura Transformational Technologies ETFExpense ratio 0.65%1 year return —