GOP
Unusual Whales Subversive Republican Trading ETF
KRUZ seeks to broadly invest in stocks purchased or sold by Republican members of the US Congress and their families.
US
EQUITY
Active
MANAGEMENT STYLE
52.6 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Subversive Capital Advisor LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 07, 2023 |
| Assets (mns) | $53 |
| Expense ratio | 50 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 +
| JPMORGAN CHASE & CO | 4.6 % |
| ISHARES BITCOIN TRUST ETF | 4.2 % |
| COMFORT SYSTEMS USA INC | 3.5 % |
| AT&T INC | 3.0 % |
| NVIDIA CORP | 2.5 % |
| ALLSTATE CORP | 2.4 % |
| FIDELITY NATIONAL INFORMATION SERVICES, | 2.3 % |
| NATIONAL FUEL GAS CO | 2.1 % |
| CHEVRON CORP | 2.1 % |
| ACCENTURE PLC-CL A | 2.1 % |
Constituent Breakdown
| Number of holdings | 152 |
| Herfindahl-Hirschman Index | 147 |
| Wgt avg mkt cap (mns) | $258,992 |
| Large cap (>$10bn) | 80.7% |
| Mid cap ($2-10bn) | 12.1% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 96.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 87.0 % |
 |
IRELAND | 3.0 % |
 |
BRITAIN | 1.7 % |
 |
NETHERLANDS | 1.1 % |
 |
GERMANY | 0.7 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.3% | 5.3% | 11.5% | -- | -- | -- | -- | 8.5% |
| Dividend Yield | 0.0% | 0.6% | 0.9% | -- | -- | -- | -- | 0.8% |
| Total Returns | -3.3% | 5.9% | 12.3% | -- | -- | -- | -- | 9.3% | Ann. Volatility | 24.2% | 17.5% | 14.9% | -- | -- | -- | -- | 15.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 90% |
| MSCI EAFE | 0.81 | 62% |
| MSCI Emg Mkts | 0.67 | 37% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 4.85% |
Technical Indicators
| Recent close | $30.95 |
| 30d moving avg. | $29.53 |
| Annualized volatility | 14.3% |
| Relative strength (RSI) | 53 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EQWL | Invesco S&P 100 Equal Weight ETF | 31.8% | -25 bp | +6.4% |
| DSPY | Tema S&P 500 Historical Weight ETF | 30.1% | -32 bp | +5.6% |
| MGC | Vanguard Mega Cap ETF | 28.0% | -43 bp | +5.1% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 27.7% | -22 bp | +6.3% |
| IWL | iShares Russell Top 200 ETF | 27.7% | -35 bp | +5.1% |
| VV | Vanguard Large-Cap ETF | 27.2% | -46 bp | +5.3% |
| IVV | iShares Core S&P 500 ETF | 27.1% | -47 bp | +5.4% |
| SPY | SPDR S&P 500 ETF Trust | 27.1% | -41 bp | +5.4% |
| VOO | Vanguard S&P 500 ETF | 27.1% | -47 bp | +5.4% |
| SPLG | SPDR Portfolio S&P 500 ETF | 27.1% | -48 bp | +5.4% |
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
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 5/5/2025
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
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
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™
6.4%
Cat. Avg
6.0%
ALTAR Score™ Calculation
Category Overview
There are 931 funds in the US Equity category, with an average ALTAR Score™
of 6.0% and a standard deviation of
2.4%. 's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GOPSELL
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 |
| (50 bp) Percentile rank | 34 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 50.0 | 0.0 | 50 | |
| Peer Avg. | 53.9 | 31.4 | 85.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .