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ELM

GradeBNew York Stock Exchange Arca

Elm Market Navigator ETF

Multi-Asset & Alternatives · Elm · Inception 2025-02-12

$29.50−0.23 (−0.76%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Feb 12, 2025.
Intraday session: down, 26 prints from 29.73 to 29.50. Range 29.43 to 29.54. Use the arrow keys to read each point.$29.44$29.48$29.5210 AM12 PM2 PM4 PM
Expense ratio
0.24%
Fund size
$598M
1Y return
+12.1%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$29.63
52W range
low $26.57high $29.90

The ETF.net ELM Grade

B

65/ 100

Rank 8 of 38 in Multi-Asset Allocation⁠

Confidence High

Six-pillar profile for ELM. Scores out of 100: Cost 91, Risk 53, Mission 51, Tradability 66, Holdings 46, Durability 65. Strongest: Cost (91). Weakest: Holdings (46). Leans toward Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 of 100 sits in the B 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.
    AScore 91
    Category rank4/38 · top 11%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 51
    Category rank21/30 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 53
    Category rank20/36 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 66
    Category rank13/38 · top 34%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 46
    Category rank22/34 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank14/38 · top 37%

Graded as of Sep 22, 2026

Our read on ELM

ETF.net Research

BOne ticker for the whole market map: stocks, bonds, real estate and cash, US through emerging, reshuffled by rule instead of hunch. And it charges a fraction of what the typical allocation fund does.

Stated mandate

The Fund is an actively managed fund of funds using a rules-based asset-allocation process to dynamically invest across equity, fixed-income, real-estate, and cash-related markets.

Why people hold it

  1. 01At 0.26% a year, it runs at about a third of the typical multi-asset allocation fund's 0.78% median. Index-fund pricing on an actively managed portfolio.
  2. 02One buy covers equity, fixed income, real estate and cash across US, developed international and emerging markets. No sleeve-by-sleeve assembly required.
  3. 03Allocation moves follow a written, rules-based process rather than a manager's gut call, so the fund's behavior is easier to explain than a discretionary tactical strategy.
  4. 04Costs land among the strongest marks in its allocation peer group, where fees of three quarters of a percent are the norm.

Worth knowing

  1. 01Launched in 2025. The record is short, and the strategy has not yet been tested across a full market cycle.
  2. 02Trading is thin relative to the category's giants, so spreads can be wider and larger orders can push the price around.
  3. 03Cash flow comes once or twice a year rather than monthly, so this is not built as a steady income drip.

ELM Holdings

As of Sep 20, 2026, 10:17 AM
Asset class
Other
Holdings
—
Top-10 weight
90%
Largest holding
VBIL26.5%

Sectors

  • Technology25.3%
  • Financials17.7%
  • Industrials11.5%
  • Consumer Discr.8.5%
  • Health Care7.9%
  • Real Estate7.1%
  • Communication6.3%
  • Materials4.6%
  • Cons. Staples4.6%
  • Energy4.1%
  • Utilities2.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001VBILVanguard 0-3 Month Treasury Bill ETF26.54%2,080,682$157M3
002VTIVanguard Morningstar Total Stock Market ETF22.72%358,886$135M15
003VWOVanguard FTSE Emerging Markets ETF13.51%1,335,216$80M15
004SCHPSchwab US TIPS ETF7.41%1,727,033$44M10
005VPLVanguard FTSE Pacific ETF5.19%265,535$31M5
006IEURiShares Core MSCI Europe ETF4.24%335,569$25M3
007BBEUJPMorgan BetaBuilders Europe ETF4.15%317,940$25M1
008VNQVanguard Real Estate ETF2.30%146,864$14M6
009AGGiShares Core U.S. Aggregate Bond ETF2.20%136,160$13M13
010VGKVanguard FTSE Europe ETF1.97%132,520$12M9
011BBCAJPMorgan BetaBuilders Canada ETF1.82%104,202$11M2
012BNDVanguard Total Bond Market ETF1.66%138,021$10M7
013VTVVanguard Morningstar Value ETF1.61%43,228$10M19
014VBVanguard Morningstar Small-Cap ETF1.54%31,466$9M9
015IEMGiShares Core MSCI Emerging Markets ETF1.13%81,727$7M13

Showing 1–15 of 20 holdings

ELM Performance

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

ELM$11,206
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. ELM $11,206. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 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 ELM. Periods over one year show the average yearly return.
PeriodELM
Year to date+9.1%
1 month−0.1%
3 months+1.2%
1 year+12.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 ELM
YearReturn barELM
2026 YTD+9.1%
2025+12.1%

Since listing, Feb 12, 2025

ELM in the news

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

ELM 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 2 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.61; Dec 31, 2025 $0.13. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 2, 2026$0.13
Dec 23, 2025Dec 24, 2025$0.61

ELM Risk

How much the fund’s monthly returns vary, scaled to a year.
7.8%
Annualised · 18 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.
1.28
vs 3-month T-bills · 18 months 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.
−9.0%
19 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.
0.49
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.

ELM Cost

Expense ratio0.24%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

3 of the 37 Multi-Asset Allocation funds charge less.

ELM costs $24.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.