Acruence Active Hedge U.S. Equity ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
XVOL is an actively managed fund that seeks capital growth with reduced volatility as compared to the S&P 500 by purchasing options contracts on the VIX Index. |
Category | US Equities |
Fund Sponsor | Toroso Investments |
Website | www.acruenceetf.com |
Inception date | Apr 22, 2021 |
Assets (mns) | $6 |
Currency | USD |
Expense ratio | 83 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | Yes |
Options available | Yes |
No. of constituents | 51 |
Wgt avg mkt cap (mns) | $132,725 |
Large cap (>$10bn) | 89.6% |
Mid cap ($2-10bn) | 10.4% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
CASH & OTHER | 9.0 % |
PRUDENTIAL FINANCIAL INC | 5.6 % |
ENTERPRISE PRODUCTS PARTNERS | 5.1 % |
TRUIST FINANCIAL CORPORATION | 5.0 % |
KEYCORP | 3.8 % |
LYONDELLBASELL INDU-CL A | 3.2 % |
SEMPRA ENERGY | 2.7 % |
BOOKING HOLDINGS INC. | 2.2 % |
FIRST SOLAR INC | 2.1 % |
LINCOLN NATIONAL CORP | 2.0 % | Total | 40.7 % |
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UNITED STATES | 87.3 % | |
BRITAIN | 3.2 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
6.0% | 8.3% | -- | -- | 0.4% |
versus... | Beta | R-squared |
S&P500 | 0.93 | 98% |
MSCI EAFE | 0.86 | 78% |
MSCI Emg. Mkts. | 0.60 | 40% |
Recent close | $19.75 |
30d moving avg. | $17.68 |
Annualized volatility | 16.9% |
Short interest (ETF) | 0.7% |
Relative strength (RSI) | 72 |
Avg. volume (thou.) | 75 |
Turnover | 23.1% |
Bid/Ask (% of price) | 1.03% |
ADV underlying (mns) | $75,840 |
FINDING ALTERNATIVE FUNDS
Below is a list of 35 potential alternatives to the Acruence Active Hedge U.S. Equity ETF ETF based on the alternatives' overlap in portfolio holdings with XVOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | XVOL | Expense: | 83 bp | ALTAR Score™: | 6.1% |
Ticker | Fund Name |
Overlap1 vs XVOL (%) |
Expense ratio (bp) |
Savings vs XVOL (bp) |
ALTAR Score™ (%) |
ALTAR vs XVOL (%) |
QQQA | ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 13.4 | 58 | 25 | 2.6 | -3.5 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 11.3 | 60 | 23 | 4.4 | -1.7 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 11.1 | 60 | 23 | 4.2 | -1.9 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 11.1 | 60 | 23 | 4.2 | -1.9 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 11.1 | 60 | 23 | 4.2 | -1.9 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 11.0 | 68 | 15 | 4.2 | -1.9 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 11.0 | 26 | 57 | 4.6 | -1.5 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 11.0 | 35 | 48 | 4.5 | -1.6 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 10.9 | 25 | 58 | 4.6 | -1.5 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 10.1 | 82 | 1 | 5.6 | -0.5 |
SFLR | Innovator Equity Managed Floor ETF | 10.0 | 89 | -6 | 4.3 | -1.8 |
XYLD | Global X S&P 500 Covered Call ETF | 9.9 | 60 | 23 | 4.7 | -1.4 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 9.8 | 60 | 23 | 4.7 | -1.4 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 9.8 | 60 | 23 | 4.7 | -1.4 |
PBP | Invesco S&P 500 BuyWrite ETF | 9.7 | 49 | 34 | 4.8 | -1.3 |
XTR | Global X S&P 500 Tail Risk ETF | 9.6 | 26 | 57 | 5.2 | -0.9 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 9.6 | 25 | 58 | 5.2 | -0.9 |
THNQ | ROBO Global Artificial Intelligence ETF | 9.5 | 68 | 15 | 1.8 | -4.3 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 9.2 | 75 | 8 | 4.0 | -2.1 |
MMLG | First Trust Multi-Manager Large Growth ETF | 8.6 | 85 | -2 | 2.1 | -3.9 |
ACIO | Aptus Collared Investment Opportunity ETF | 8.5 | 79 | 4 | 4.3 | -1.8 |
STLG | iShares Factors US Growth Style ETF | 8.1 | 25 | 58 | 6.3 | +0.2 |
XYLE | Global X S&P 500 ESG Covered Call ETF | 7.2 | 60 | 23 | 4.9 | -1.2 |
FTHI | First Trust BuyWrite Income ETF | 7.2 | 75 | 8 | 5.5 | -0.6 |
EFIV | SPDR S&P 500 ESG ETF | 7.2 | 10 | 73 | 5.3 | -0.8 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 6.5 | 60 | 23 | 4.7 | -1.3 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 4.1 | 55 | 28 | 5.7 | -0.4 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 3.9 | 75 | 8 | 5.6 | -0.5 |
CCOR | Core Alternative ETF | 3.7 | 107 | -24 | 5.0 | -1.1 |
DJIA | Global X Dow 30 Covered Call ETF | 3.7 | 60 | 23 | 5.4 | -0.7 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 3.7 | 60 | 23 | 5.4 | -0.7 |
LCG | Sterling Capital Focus Equity ETF | 3.1 | 59 | 24 | 3.4 | -2.7 |
FYLG | Global X Financials Covered Call & Growth ETF | 3.1 | 60 | 23 | 5.5 | -0.6 |
HYLG | Global X Health Care Covered Call & Growth ETF | 0.3 | 60 | 23 | 6.6 | +0.6 |
RYLD | Global X Russell 2000 Covered Call ETF | 0.1 | 60 | 23 | 3.3 | -2.8 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Acruence Active Hedge U.S. Equity ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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