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
2.3 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) | $2 |
| 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 +
| EXPEDIA GROUP INC | 2.0 % |
| LAS VEGAS SANDS CORP | 2.0 % |
| EDWARDS LIFESCIENCES CORP | 1.9 % |
| FORTINET INC | 1.8 % |
| IDEXX LABORATORIES INC | 1.8 % |
| QUALCOMM INC | 1.8 % |
| AMPHENOL CORP-CL A | 1.7 % |
| INSULET CORP | 1.7 % |
| HOWMET AEROSPACE INC. | 1.7 % |
| UBER TECHNOLOGIES, INC. | 1.7 % |
Constituent Breakdown
| Number of holdings | 81 |
| Herfindahl-Hirschman Index | 133 |
| Wgt avg mkt cap (mns) | $347,313 |
| Large cap (>$10bn) | 98.2% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.2% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.1 % |
 |
IRELAND | 4.2 % |
 |
SWITZERLAND | 1.2 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.4% | 7.7% | 18.4% | 9.3% | -- | -- | -- | 3.7% |
| Dividend Yield | 0.0% | 3.3% | 2.5% | 2.6% | -- | -- | -- | 1.7% |
| Total Returns | 9.4% | 11.1% | 20.9% | 11.8% | -- | -- | -- | 5.3% | Ann. Volatility | 16.7% | 17.1% | 18.2% | 17.4% | -- | -- | -- | 17.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 80% |
| MSCI EAFE | 0.53 | 25% |
| MSCI Emg Mkts | 0.36 | 14% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.59% |
Technical Indicators
| Recent close | $23.39 |
| 30d moving avg. | $23.34 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 53 |
| Short interest | 11.0% |
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. |
|---|---|---|---|---|
| ACIO | Aptus Collared Investment Opportunity ETF | 23.7% | -4 bp | +4.0% |
| GARP | iShares MSCI USA Quality GARP ETF | 23.2% | -68 bp | +4.0% |
| PBP | Invesco S&P 500 BuyWrite ETF | 22.2% | -34 bp | +4.4% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 22.1% | -23 bp | +4.3% |
| XYLD | Global X S&P 500 Covered Call ETF | 22.1% | -23 bp | +4.3% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 22.0% | -23 bp | +4.3% |
| XTR | Global X S&P 500 Tail Risk ETF | 21.8% | -57 bp | +4.7% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 21.7% | -58 bp | +4.7% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 21.0% | -15 bp | +3.6% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 20.5% | -23 bp | +3.6% |
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
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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 11/14/2025
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™
XVOL
4.1%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. XVOL's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places XVOL in the 24th 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