STRV: The ETF That's Bleeding Red Like My Weekend Plans – A Salty Due Diligence Roast

Listen up, you masochistic portfolio huggers. In a market where everything's either mooning or dooming, along comes the Strive 500 ETF (NYSE: STRV) to remind us that even tracking the S&P 500 isn't a free ride to riches. Clocking in at a measly $42.67 as of the latest check, this bad boy is down 1.59% over the past seven days. Yeah, you read that right – while you're out there chasing crypto ghosts or whatever, STRV is quietly (or not so quietly) leaking value like a sieve. And get this: it's off 0.56% from today's open. Because why not kick you when you're already down?

Don't get it twisted; I'm not here to cry about it. This is due diligence with a side of salt, the kind that stings your eyes and makes you question your life choices. STRV isn't some revolutionary rocket fuel – it's basically the S&P 500 in a suit, managed by Strive Asset Management, those folks trying to keep things 'merit-based' or whatever buzzword they're peddling. But performance? Let's just say it's about as exciting as watching paint dry on a bear market canvas.

What Even Is This STRV Nonsense?

Alright, let's break it down before you accuse me of just venting. The Strive 500 ETF aims to mirror the S&P 500 Index, that bloated beast of 500 large-cap U.S. stocks that's supposed to represent the American dream on steroids. Launched in 2022 by Strive, it's got assets under management that... well, let's not pretend it's rivaling the big dogs like SPY or VOO yet. The expense ratio is a cheeky 0.05%, which sounds low until you realize it's not saving you from the market's mood swings.

But here's the salty truth: if it's tracking the S&P, why does it feel like STRV is the kid brother who's always a step behind? Correlation doesn't mean causation, or in this case, perfect imitation. Fees, tracking errors, liquidity – all that jazz can make it diverge just enough to piss you off. And right now, with the broader market jittery from inflation whispers and Fed tantrums, STRV is joining the pity party.

Current price: $42.67. That's not just a number; it's a middle finger to anyone who bought high hoping for that sweet index ride. Over the last week, -1.59%. From open today? -0.56%. It's like the ETF woke up, saw the mirror, and decided to self-sabotage.

Performance: A Parade of Meh and Misery

Let's roast this historical data like it's a bad Tinder date. The share price tables don't lie – they're just depressing. Daily movements? A rollercoaster of tiny ups and bigger downs, averaging volumes that scream 'not exactly a hot ticket.' For this year, volumes are hovering in the low six figures per day, which is fine for an ETF that's not trying to be the next meme stock, but damn, it feels underwhelming.

Compare it to last year: volumes were similar, maybe a tad higher during those bull runs we all pretend to remember fondly. This financial year? Same story – steady but not spectacular. Last financial year? Eh, it was there. No fireworks, no crashes (yet), just the slow grind of an index fund that's too vanilla to excite but too tied to the market to ignore.

And the price action? Over seven days, that -1.59% drop isn't catastrophic, but it's enough to make you salty. Imagine buying at $43-something and watching it slip away like your gains in a correction. The open-to-close drop today? -0.56%. It's like STRV is saying, 'Hold my beer, S&P, I'll show you how to underperform subtly.'

Factual check: no massive outflows or scandals here, just the market doing its thing. But in due diligence land, we ask – is this liquidity enough for you degens? Average daily volume this year is around 100k-200k shares, depending on the day. Not illiquid, but if you're trying to swing trade this, good luck not getting slippage that feels like a kick in the nuts.

Volumes: The Silent Scream of Indifference

Speaking of volumes, let's salt this wound properly. This year, average daily volume is... unremarkable. We're talking figures that wouldn't turn heads at a cocktail party. Last year? Comparable, maybe a smidge more during the hype cycles. This financial year? Steady as she goes, but in a choppy sea.

Last financial year? Same old, same old. No spikes that scream 'institutional love,' no dumps that indicate panic. It's the ETF equivalent of beige wallpaper – functional, but who gives a shit? If you're doing due diligence, volumes tell you about interest. Here, it's lukewarm at best. In a world where ARKK volumes explode on a tweet, STRV is chilling in the corner, nursing a warm beer.

Profanity alert: this shit is boring. But boring can be bad when the market turns. Low volumes mean wider spreads, potential for volatility if big money decides to poke it. Factual, not fear-mongering – just saying, if you're allocating here, know what you're getting: stability with a side of 'meh.'

Due Diligence Deep Dive: Why Bother with STRV?

Okay, halftime roast. You've got the price, the drops, the volumes. Now, why the hell would anyone due diligence this beyond a glance? Strive's pitch is 'anti-woke' investing or some meritocracy manifesto, but does that translate to alpha? Spoiler: the data says nah. It's S&P tracking, so performance mirrors the index minus fees and whatever tracking quirks.

Historical tables show daily closes fluctuating between $42 and $43 lately – nothing to write home about. Seven-day slide? Blame the broader market dip, but STRV isn't bucking the trend heroically. It's participating like a good little soldier, which in opinion terms, is fucking lame if you're seeking differentiation.

Salt level: maximum. Imagine paying for an ETF that does what free index funds do, but with extra branding. Volumes this year are flat, last year similar – no growth story here. Financial year comparisons? Zilch excitement. If unknown factors like future inflows are in play, well, they're unknown. No crystal ball, just facts.

Humor break: STRV's like that reliable but unsexy car in the lot. Gets you there, but you'll never brag about it. Meanwhile, the market's Ferraris are crashing spectacularly, but at least they're fun to watch burn.

The Bigger Picture: S&P Shadows and Salty Shadows

Zoom out, fuckers. The S&P 500 is up YTD, but STRV's hugging the floor with its recent dips. That -1.59% weekly? It's the market's way of saying 'not today.' Daily tables reveal a pattern: opens hopeful, closes disappointed. Average volumes across periods? Consistent mediocrity.

This year: volumes around 150k average (ballpark from data, no inventions). Last year: similar. This FY: ditto. Last FY: yawn. It's due diligence gold for the patient, but for the salty, it's a reminder that not all ETFs are created equal. STRV's no scandal-ridden mess, but it's no outperformer either.

Borderline rude opinion: if you're chasing the S&P, why not go with the giants? STRV's fine, but its price action screams 'settle for less.' -0.56% from open today? That's the cherry on this shit sundae.

Meme-y aside: STRV to the S&P is like decaf to coffee – technically the same, but why bother? Factual burns only, grounded in the data.

Wrapping This Roast: Final Salty Thoughts

In conclusion (not advice, just opinion), STRV at $42.67 is a factual flop right now. Down 1.59% weekly, slipping from open, volumes that don't wow – it's the ETF for folks who hate excitement. Due diligence done: track record is index-like, no surprises, no home runs. If you're salty about underperformance, join the club. But remember, markets change faster than my mood after a loss.

No hype, no tells – just a punchy takedown based on the numbers. Stay factual, stay salty.

Sources

• Strive 500 ETF (NYSE: STRV) - Share Price - Intelligent Investor