UTRN
Vesper U.S. Large Cap Short-Term Reversal Strategy ETF
The Vesper U.S. Large Cap Short-Term Reversal Strategy ETF tracks an equal-weighted index of large-cap US stocks believed to benefit from a short-term reversal.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
280.4 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 20, 2018 |
| Assets (mns) | $280 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SEAGATE TECHNOLOGY HOLDINGS PLC | 7.7 % |
| CORNING INC | 5.9 % |
| APTIV PLC | 5.0 % |
| STATE STREET CORP | 4.8 % |
| CORTEVA INC | 4.7 % |
| JACOBS SOLUTIONS INC. | 4.7 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 4.7 % |
| BANK OF AMERICA CORP | 4.7 % |
| ANSYS INC | 4.6 % |
| JUNIPER NETWORKS INC | 4.6 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 526 |
| Wgt avg mkt cap (mns) | $131,278 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 100.1 % |
 |
IRELAND | 12.7 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1,954.7% | 2,271.0% | 403.4% | 192.8% | 87.2% | -- | -- | 60.7% |
| Dividend Yield | -1,954.7% | -2,271.0% | -403.4% | -192.8% | -87.2% | -- | -- | -60.7% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | 999.9% | 999.9% | 999.9% | 999.9% | 999.9% | -- | -- | 887.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -10.00 | 11% |
| MSCI EAFE | -4.05 | 0% |
| MSCI Emg Mkts | 1.15 | 0% |
Liquidity Measures
| Avg. volume (000) | 31 |
| ADV traded (mns) | $19 |
| Turnover | 6.9% |
| Avg. Bid/Ask (% of price) | 0.36% |
Technical Indicators
| Recent close | $623.20 |
| 30d moving avg. | $113.37 |
| Annualized volatility | 999.9% |
| Relative strength (RSI) | 90 |
| Short interest | 0.1% |
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. |
|---|---|---|---|---|
| IYG | iShares US Financial Services ETF | 19.4% | -35 bp | +5.5% |
| XLF | Financial Select Sector SPDR Fund | 19.2% | -67 bp | +6.0% |
| FNCL | Fidelity MSCI Financials Index ETF | 19.1% | -67 bp | +6.7% |
| VFH | Vanguard Financials ETF | 18.3% | -66 bp | +6.7% |
| KBWB | Invesco KBW Bank ETF | 16.4% | -40 bp | +8.0% |
| UDI | USCF Dividend Income Fund | 15.5% | -10 bp | +8.4% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 15.2% | -27 bp | +6.2% |
| AIVL | WisdomTree U.S. AI Enhanced Value Fund | 15.0% | -37 bp | +6.4% |
| CZAR | Themes Natural Monopoly ETF | 14.5% | -40 bp | +5.5% |
| IXG | iShares Global Financials ETF | 13.5% | -33 bp | +6.7% |
Risk and Returns: UTRN 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 10/30/2025
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
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™
UTRN
5.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 993 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. UTRN's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places UTRN in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
UTRNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| UTRN (75 bp) Percentile rank | 81 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| UTRN | 75.0 | 35.7 | 110.7 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .