XVOL
Acruence Active Hedge U.S. Equity ETF
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.
US
EQUITY
Active
MANAGEMENT STYLE
4.0 M
ASSETS UNDER MGMT
83 bp
EXPENSES
Fund Basics
| Fund sponsor | Toroso Investments |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 22, 2021 |
| Assets (mns) | $4 |
| Expense ratio | 83 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BROADCOM INC. | 4.4 % |
| MPLX LP | 4.0 % |
| CASH & OTHER | 3.2 % |
| KEYCORP | 2.9 % |
| TRUIST FINANCIAL CORPORATION | 2.7 % |
| CME GROUP INC | 2.6 % |
| ALTRIA GROUP INC | 2.4 % |
| OGE ENERGY CORP | 2.4 % |
| CARVANA CO. CLASS A | 2.1 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 2.1 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 261 |
| Wgt avg mkt cap (mns) | $103,064 |
| Large cap (>$10bn) | 78.0% |
| Mid cap ($2-10bn) | 12.3% |
| Small cap (<$2bn) | 9.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 85.0 % |
 |
BERMUDA | 1.6 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.2% | 10.0% | 10.1% | 1.3% | -- | -- | -- | 2.0% |
| Dividend Yield | -6.3% | -10.4% | -6.2% | -3.2% | -- | -- | -- | -1.8% |
| Total Returns | -6.1% | -0.4% | 3.9% | -1.9% | -- | -- | -- | 0.2% | Ann. Volatility | 18.0% | 16.1% | 14.4% | 17.7% | -- | -- | -- | 16.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 88% |
| MSCI EAFE | 0.84 | 60% |
| MSCI Emg Mkts | 0.59 | 30% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 4.5% |
| Avg. Bid/Ask (% of price) | 0.95% |
| ADV of underlying (mns) | $86,699 |
Technical Indicators
| Recent close | $19.80 |
| 30d moving avg. | $19.73 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 5.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XVOL |
Expenses vs. XVOL |
ALTAR Score™ vs. XVOL |
|---|---|---|---|---|
| SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 13.7% | -1 bp | +2.5% |
| QQQA | ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 13.0% | -25 bp | -2.1% |
| MMLG | First Trust Multi-Manager Large Growth ETF | 11.5% | +2 bp | -2.5% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 11.3% | -8 bp | -0.6% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 11.2% | -15 bp | -0.2% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 10.8% | -23 bp | -0.3% |
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 10.6% | -23 bp | -0.2% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 10.6% | -23 bp | -0.4% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 10.1% | -57 bp | -0.1% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 10.0% | -58 bp | +0.0% |
Risk and Returns: XVOL 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/25/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XVOL
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
XVOL
4.8%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. XVOL's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places XVOL in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XVOLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| XVOL (83 bp) Percentile rank | 69 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XVOL | 83.0 | 94.8 | 177.8 |
| Peer Avg. | 53.7 | 33.1 | 86.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .