Skip to content

ECML

GradeDNew York Stock Exchange Arca

Euclidean Fundamental Value ETF

Active Equity · Euclidean · Inception 2023-05-17

$40.02−0.39 (−0.95%)

As of Sep 23, 2026, 2:14 PM EDT

History starts May 18, 2023.
Intraday session: down, 56 prints from 40.41 to 40.02. Range 39.99 to 40.24. Use the arrow keys to read each point.$40.10$40.2010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$126M
1Y return
+23.1%
Yield · Last 12 months
1.14%
Volume · 30D
0M sh
NAV per share
$40.55
52W range
low $31.80high $42.43

The ETF.net ECML Grade

D

32/ 100

Rank 52 of 66 in US Active Value

Confidence Medium

Six-pillar profile for ECML. Scores out of 100: Cost 7, Risk 43, Mission not scored, Tradability 38, Holdings 74, Durability 52. Strongest: Holdings (74). Weakest: Cost (7). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 7
    Category rank62/66 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 43
    Category rank40/62 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank41/66 · mid-pack
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 74
    Category rank16/66 · top 24%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank36/66 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 21, 2026, 6:34 PM
Asset class
Stocks
Holdings
Top-10 weight
21%
Largest holding
FCX2.3%

Sectors

  • Energy21.1%
  • Consumer Discr.19.3%
  • Health Care15.2%
  • Materials15.0%
  • Cons. Staples10.6%
  • Industrials7.1%
  • Technology6.7%
  • Communication3.4%
  • Financials1.6%

Geography

  • United States98.38%
  • Switzerland1.62%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FCXFreeport-McMoRan Inc2.27%40,478$3M368
002EPAMEPAM Systems Inc2.23%24,885$3M140
003CROXCrocs Inc2.14%22,349$3M157
004CFCF Industries Holdings Inc2.12%21,139$3M329
005FOXAFox Corp2.11%41,668$3M296
006OSKOshkosh Corp2.00%17,365$3M187
007VLOValero Energy Corp1.96%6,044$3M395
008DINOHF Sinclair Corp1.94%21,360$2M232
009ALSNAllison Transmission Holdings Inc1.93%20,987$2M172
010MPCMarathon Petroleum Corp1.92%5,774$2M391
011HRBH&R Block Inc1.92%55,430$2M204
012BWABorgWarner Inc1.91%38,597$2M207
013NUTXNutex Health Inc1.90%11,572$2M78
014MOAltria Group Inc1.90%34,879$2M369
015INSWInternational Seaways Inc1.88%21,554$2M157

Showing 1–15 of 65 holdings

ECML Performance

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

ECML$12,307
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ECML $12,307. SPY $11,723. Use the arrow keys to read each point.$9,259$11,231$13,202Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+20.9%
1 month−4.8%
3 months+5.3%
1 year+23.1%
3 years+15.0%per year
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+20.9%
2025+6.8%
2024+2.4%
2023+24.4%

History from May 18, 2023

ECML in the news

ETF.net Research hasn’t filed on ECML yet — coverage lands here as it’s written.

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 Sep 22, 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.
17.6%
Annualised · 36 months to Aug 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.
0.61
vs 3-month T-bills · to Aug 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.