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Launched

Euclidean Fundamental Value ETF

ECMLNYSE ArcaD

$40.55+0.25 (+0.61%)

As of Oct 13, 2026, 3:58 PM

D31/ 100

Rank 53 of 66 in US Active Value

D31/100Rank 53 of 66inUS Active Value
Intraday session: up, 75 prints from 40.30 to 40.55. Range 40.34 to 40.66. Use the arrow keys to read each point.40.4040.5040.6010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$125M
1Y total return
+27.5%
Yield · Last 12 months
1.14%
Holdings
65
Avg volume · 30D
0M sh
NAV per share
$40.29
52W range
low $31.80high $42.43
Launched

The ETF.net ECML Grade

Based on 5 of 6 pillars

D

Score 31 out of 100

Category
US Active Value⁠
Rank
53 of 66
Six-pillar profile for ECML. Scores out of 100: Cost 7, Risk 40, Mission not scored, Tradability 36, Holdings 74, Durability 51. Strongest: Holdings (74). Weakest: Cost (7). Based on 5 of 6 pillars.

Score 31 of 100 falls in the D 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.
    F7 out of 100
    Rank 61 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C40 out of 100
    Rank 42 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D36 out of 100
    Rank 49 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A74 out of 100
    Rank 17 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 37 of 66

Our read on ECML

ETF.net Research

DValue investing run through deep neural networks: Euclidean's models hunt cheap NYSE and Nasdaq names, screen out the ones likely to stay cheap, and hold 60 to 70 of them. Boutique quant, boutique price.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed, quantitative and systematic strategy investing in U.S. equity securities that the Sub-Adviser considers undervalued and under-appreciated.

Why people hold it

  1. 01Two-sided machine learning: models estimate what a company is worth, and separately flag cheap stocks likely to keep disappointing, so value traps get screened out.euclideanetf.com
  2. 02Concentrated by design, generally 60 to 70 US stocks. Each name carries real weight instead of being diluted across hundreds of holdings.euclideanetf.com
  3. 03Fully systematic and rules-driven, so the process does not hinge on one manager's gut call. Financials are excluded from the universe altogether.euclideanetf.com

Worth knowing

  1. 01At 0.95% a year, it costs well above the roughly 0.55% typical for active US value ETFs, and many times what systematic peers like AVLV (0.15%) or DFLV (0.21%) charge.
  2. 02A small, thinly traded fund. Spreads can be wide, so limit orders matter more here than in a mega-cap index product.
  3. 03Concentration plus a financials exclusion means results can wander far from broad value benchmarks in either direction, and the fund has only traded since 2023.euclideanetf.com

ECML Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
65
Top-10 weight
21%
Largest holding
FCX2.4%

Sectors

  • Energy21.1%
  • Consumer Discretionary19.3%
  • Health Care15.4%
  • Materials14.7%
  • Consumer Staples10.5%
  • Industrials7.4%
  • Technology6.8%
  • Communication3.2%
  • Financials1.5%

Geography

  • United States98.38%
  • Switzerland1.62%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FCXFreeport-McMoRan Inc2.38%40,478$3M375
002EPAMEPAM Systems Inc2.25%24,885$3M136
003MPCMarathon Petroleum Corp2.10%5,774$3M396
004VLOValero Energy Corp2.09%6,044$3M406
005FOXAFox Corp2.08%41,668$3M300
006DINOHF Sinclair Corp2.07%21,360$3M238
007INSWInternational Seaways Inc2.06%21,554$3M160
008CROXCrocs Inc2.05%22,349$3M160
009MOAltria Group Inc2.00%34,879$3M366
010PRDOPerdoceo Education Corp1.97%73,211$2M137
011HRBH&R Block Inc1.95%55,430$2M211
012NUTXNutex Health Inc1.91%11,572$2M86
013BWABorgWarner Inc1.89%38,597$2M205
014CFCF Industries Holdings Inc1.89%21,139$2M326
015ALSNAllison Transmission Holdings Inc1.85%20,987$2M178

Showing 1–15 of 65 holdings

ECML Performance

Launched May 17, 2023

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.Not enough history yet.
ECML$12,748
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ECML $12,748. SPY $12,044. Use the arrow keys to read each point.$9,473$11,596$13,720Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 ECML. Periods over one year show the average yearly return.
PeriodECML
Year to date+20.6%
1 month−2.9%
3 months+2.9%
1 year+27.5%
3 yearsper year+15.0%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 ECML
YearReturn barECML
2026 YTD+20.6%
2025+6.8%
2024+2.4%
2023+24.4%

History from May 18, 2023

ECML in the news

Filtered to ECML · US Active Value

ECML 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 Oct 12, 2026.
1.14%Last 12 months
Payout per share
$0.46Last 12 months
Last payment
$0.46 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 19, 2023 $0.24; Dec 30, 2024 $0.31; Dec 23, 2025 $0.46. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.46
Dec 30, 2024Dec 31, 2024$0.31
Dec 19, 2023Dec 21, 2023$0.24

ECML Risk

How much the fund’s monthly returns vary, scaled to a year.
18.0%
Annualised · 36 months to Sep 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.
0.52
vs 3-month T-bills · to Sep 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.
−24.7%
40 months · trough Apr 2025
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.
0.76
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.

ECML Cost

Expense ratio0.95%
  • The middle half of US Active Value funds
  • Median 0.55%

60 of the 66 US Active Value funds charge less.

ECML costs $95.00 a year on $10,000. The median US Active Value fund costs $55.00.

Other funds in US Active Value

See others