ECML
Euclidean Fundamental Value ETF
ECML is an actively managed fund that targets US value stocks of any market-cap across all sectors, excluding financials. The fund uses a multi-step approach that applies machine learning in its proprietary models.
US
EQUITY
Active
MANAGEMENT STYLE
143.9 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 18, 2023 |
| Assets (mns) | $144 |
| Expense ratio | 95 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HEIDRICK & STRUGGLES INTL | 2.4 % |
| FOX CORPORATION CLASS A | 2.4 % |
| ALLISON TRANSMISSION HOLDING | 2.3 % |
| GROUP 1 AUTOMOTIVE INC | 2.3 % |
| CAL-MAINE FOODS INC | 2.3 % |
| MUELLER INDUSTRIES INC | 2.3 % |
| SANMINA CORP | 2.2 % |
| ALTRIA GROUP INC | 2.1 % |
| CAREER EDUCATION CORP | 2.1 % |
| INGREDION INC | 2.0 % |
Constituent Breakdown
| Number of holdings | 63 |
| Herfindahl-Hirschman Index | 166 |
| Wgt avg mkt cap (mns) | $17,768 |
| Large cap (>$10bn) | 41.0% |
| Mid cap ($2-10bn) | 41.6% |
| Small cap (<$2bn) | 16.4% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.1 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.7% | -9.0% | 11.6% | -- | -- | -- | -- | 9.1% |
| Dividend Yield | 0.0% | 0.0% | 0.4% | -- | -- | -- | -- | 0.4% |
| Total Returns | -4.7% | -9.0% | 12.1% | -- | -- | -- | -- | 9.5% | Ann. Volatility | 25.4% | 22.3% | 20.3% | -- | -- | -- | -- | 20.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 49% |
| MSCI EAFE | 0.97 | 44% |
| MSCI Emg Mkts | 0.77 | 23% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.38% |
Technical Indicators
| Recent close | $30.27 |
| 30d moving avg. | $30.24 |
| Annualized volatility | 20.6% |
| Relative strength (RSI) | 51 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| QVAL | Alpha Architect US Quantitative Value ETF | 21.0% | -56 bp | +10.5% |
| ZIG | Acquirers Fund | 20.9% | -11 bp | +21.0% |
| VFLO | VictoryShares Free Cash Flow ETF | 20.6% | -56 bp | +10.9% |
| SYLD | Cambria Shareholder Yield ETF | 20.1% | -36 bp | +12.3% |
| DSMC | Distillate Small/Mid Cash Flow ETF | 18.6% | -40 bp | +13.9% |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 17.3% | -70 bp | +12.1% |
| SURE | AdvisorShares Insiders Advantage ETF | 16.6% | -5 bp | +10.2% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 15.4% | -36 bp | +11.7% |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 13.8% | -46 bp | +12.4% |
| COWS | Amplify Cash Flow Dividend Leaders ETF | 13.3% | -95 bp | +12.7% |
Risk and Returns: 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
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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 6/15/2025
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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
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
12.7%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 935 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.3%. 's ALTAR Score™ is approximately
2.9 standard deviations
above
the category average. This places in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ECMLSELL
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 |
| (95 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 95.0 | 0.0 | 95 | |
| Peer Avg. | 54.5 | 31.1 | 85.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .