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Launched · SEC filings

Adaptive Alpha Opportunities ETF

AGOXNYSE ArcaAdaptive ETFsF

$34.24+0.18 (+0.53%)

As of Nov 10, 2026, 11:11 AM ET

F20/ 100

Rank 35 of 37 in Multi-Asset Allocation

F20/100Rank 35 of 37inMulti-Asset Allocation
Intraday session: up, 21 prints from 34.06 to 34.24. Range 33.29 to 34.40. Use the arrow keys to read each point.33.4033.6033.8034.4010 AM12 PM2 PM4 PM
Expense ratio
1.36%
Fund size
$368M
1Y total return
+16.4%
Yield · Last 12 months
2.71%
Holdings
120
Avg volume · 30D
47.4K sh
52W range
low $25.65high $35.80
Launched
Filings
SEC EDGAR

The ETF.net AGOX Grade

F

Score 20 out of 100

Category
Multi-Asset Allocation⁠
Rank
35 of 37
Six-pillar profile for AGOX. Scores out of 100: Cost 0, Risk 28, Mission 10, Tradability 47, Holdings 25, Durability 76. Strongest: Durability (76). Weakest: Cost (0). Leans toward Durability.

Score 20 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 37 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F10 out of 100
    Rank 28 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 30 of 36

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 19 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D25 out of 100
    Rank 30 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 8 of 37

Our read on AGOX

ETF.net Research

In short

FA go-anywhere allocator that buys other funds: global stocks, investment-grade bonds, alternatives. It ran as a mutual fund from 2012 before moving into an ETF shell in 2021, so the history predates the ticker.

Stated mandate

The Fund seeks capital appreciation. It pursues this objective through actively managed allocations among ETFs holding equity and fixed-income securities, with possible alternative-investment exposure, using technical and economic fundamental research.

Why people hold it

  • Truly unconstrained: one ticket buys funds holding stocks of any size from US, developed and emerging markets, plus investment-grade bonds of any maturity.sec.gov
  • The strategy predates the wrapper. It absorbed its predecessor mutual fund in a tax-free reorganization on May 7, 2021, carrying a record that starts in 2012.ncfunds.comsec.gov
  • A diversified 1940 Act fund spread across roughly 140 positions, mostly other ETFs, with room for alternatives, steered by technical and fundamental research.ncfunds.com

Worth knowing

  • Fee is 1.36%, with no waiver, above this category's median. Index-built peers UCBG (0.06%) and AOA (0.15% net of a waiver through November 30, 2026) sit far below.
  • Thinly traded, so spreads can run wider than the category's heavyweights, and distributions arrive once or twice a year rather than monthly.
  • Results ride on one team's allocation calls, and the mix can look nothing like a static 60/40 at any given moment.sec.gov

AGOX Holdings

Holdings pillarD25 out of 100Rank 30 of 33 in Multi-Asset Allocation
Asset class
Stocks
Holdings
120
Top-10 weight
83%
Largest holding
Cash21.3%

Sectors

  • Technology57.9%
  • Industrials8.2%
  • Health Care5.7%
  • Consumer Discretionary5.5%
  • Communication4.7%
  • Materials4.0%
  • Energy3.7%
  • Consumer Staples3.3%
  • Financials2.9%
  • Utilities2.3%
  • Real Estate1.7%

Geography

  • United States83.19%
  • Taiwan4.12%
  • Netherlands1.59%
  • China1.50%
  • United Kingdom1.10%
  • South Korea1.05%
  • India0.78%
  • France0.68%
  • Other countries (34)5.98%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1CashCash / Cash Equivalents21.31%78,202,876$78.2M91
2QQQInvesco QQQ Trust Series 116.24%90,860$59.6M29
3027Z5F3AStx 261120P0066000010.82%2,000$39.7M1
4FC4Z6Z3CNow 261120P001550005.78%4,000$21.2M1
5XLKTechnology Select Sector SPDR Fund5.72%127,522$21M38
6057Z3B3BQqq 261120P007500005.09%2,000$18.7M1
7030Z565FQqq 261120P007440004.76%2,000$17.5M1
803Z75BF8Qqq 261218C006550004.62%6,000$17M1
9VWOVanguard FTSE Emerging Markets ETF4.49%297,896$16.5M16
10746Z7A3BQqq 261120P007300004.00%2,000$14.7M1
11XLBState Stret Matrl Slct Sctr Spdr Etf3.47%244,891$12.7M23
1236377ZF8Qqq 261218C006600003.44%5,000$12.6M1
13IGFiShares Global Infrastructure ETF2.99%168,716$11M2
14178Z273BSpy 261120P007720002.96%3,000$10.9M1
15XLVHealth Care Select Sector SPDR Fund2.94%58,392$10.8M34

Showing 1–15 of 120 holdings

AGOX Performance

Launched Sep 20, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
AGOX$11,643
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. AGOX $11,643. SPY $11,339. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AGOX. Periods over one year show the average yearly return.
PeriodAGOX
Year to date+19.3%
1 month+2.0%
3 months−1.2%
1 year+16.4%
3 yearsper year+17.1%
5 yearsper year+7.0%
10 yearsHistory unavailableper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AGOX
YearReturn barAGOX
2026 YTD+19.3%
2025+8.5%
2024+15.9%
2023+19.1%
2022−19.2%
2021+9.9%

History from May 10, 2021

AGOX in the news

AGOX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
2.71%Last 12 months
Payout per share
$0.92Last 12 months
Last payment
$0.92 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 7 payments from 2021 to 2026 YTD. Nov 4, 2021 $1.39; Dec 20, 2021 $0.18; Dec 30, 2021 $0.05; Dec 29, 2022 $0.04; Dec 28, 2023 $0.07; Dec 20, 2024 $1.07; Dec 18, 2025 $0.92. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$0.92
Dec 20, 2024Dec 23, 2024$1.07
Dec 28, 2023Jan 2, 2024$0.07
Dec 29, 2022Jan 3, 2023$0.04
Dec 30, 2021Jan 3, 2022$0.05
Dec 20, 2021Dec 22, 2021$0.18
Nov 4, 2021Nov 8, 2021$1.39

$10,000 in AGOX 5 years ago paid $881 in dividends.

AGOX Risk

Risk pillarD28 out of 100Rank 30 of 36 in Multi-Asset Allocation
How much the fund’s monthly returns vary, scaled to a year.
19.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.69
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.9%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.50
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AGOX Cost

Compare AGOX and UCBG

Overpaying vs UCBG, cheapest in Multi-Asset Allocation

$22,990

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AGOX 1.36%

    $24,260

  • UCBG 0.06% Cheapest

    $1,270

$10,000
30 years

Cost over time

  • AGOX 1.36%
  • UCBG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530AGOX $24,260UCBG $1,270

Year by year

YearAGOXUCBGOverpaying
10$2,362$110$2,252
20$8,735$432$8,303
30$24,260$1,270$22,990

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