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Launched

Tuttle Capital Pure Play Photonics ETF

FOTOCboeTuttle CapitalD

$14.24+1.50 (+11.77%)

At close: Nov 9, 2026, 4:00 PM ET

D37/ 100

Rank 7 of 9 in Quantum Computing & Photonics

D37/100Rank 7 of 9inQuantum Computing & Photonics
Intraday session: up, 79 prints from 12.74 to 14.24. Range 13.00 to 14.38. Use the arrow keys to read each point.13.0013.2513.5013.7514.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$71M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
28
Avg volume · 30D
329K sh
52W range
low $11.27high $27.86
Launched

The ETF.net FOTO Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Quantum Computing & Photonics⁠
Rank
7 of 9
Six-pillar profile for FOTO. Scores out of 100: Cost 22, Risk 28, Mission not scored, Tradability 73, Holdings 36, Durability 53. Strongest: Tradability (73). Weakest: Cost (22). Based on 5 of 6 pillars.

Score 37 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.
    F22 out of 100
    Rank 7 of 9

  • 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.
    D28 out of 100
    Rank 7 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 1 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 7 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 5 of 9

Our read on FOTO

ETF.net Research

In short

DPhotonics with a purity test: holdings must earn at least half their revenue from the business of moving data as light instead of electricity. About 40 global names, actively managed, and per its prospectus income comes first, generated with a systematic put spread strategy.

Stated mandate

The Fund seeks current income and, secondarily, long-term capital appreciation. It targets photonics-related companies and uses a systematic put spread strategy to generate income.

Why people hold it

  • The pure-play screen has teeth: companies must derive at least 50% of revenue or operating profit from photonics, so the theme is not padded with megacap filler.nasdaq.com
  • The theme is spelled out, not vague: optical communications, silicon photonics, LiDAR, industrial lasers and optoelectronic devices, drawn from a global opportunity set.fotoetf.com
  • Income leads the mandate, pursued with a systematic put spread strategy. That is an unusual build for a frontier-tech theme where cohort rivals chase appreciation alone.
  • Actively traded since its 2026 launch, with listed options on Cboe and EDGX, so sizing and hedging tools exist alongside the shares.nasdaq.com

Worth knowing

  • At 0.75%, the fee runs more than double the cohort median of 0.35%. Theme neighbors EUV (0.35%) and QTUP (0.00%) charge less for adjacent exposure.
  • Non-diversified and roughly 40 names deep, with part of the exposure taken through swaps rather than shares, which layers counterparty risk onto a concentrated basket.fotoetf.comyahoo.com
  • Put spread premium moves with volatility, and the short leg absorbs declines down to the long strike. Income from that engine is variable by design, not fixed.

FOTO Performance

Launched May 27, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
FOTO$6,078
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,591
Aug 6, 2026 to Nov 6, 2026. FOTO $6,078. SPY $9,591. Use the arrow keys to read each point.$6,000$8,000$10,000Aug 2026Sep 2026Nov 2026

Aug 6, 2026 – Nov 6, 2026

Returns run to the Nov 6, 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 FOTO. Periods over one year show the average yearly return.
PeriodFOTO
Year to dateFund launched this yearNo data
1 month−38.1%
3 months−39.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper 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 FOTO
YearReturn barFOTO
2026 YTD−48.0%

History from May 29, 2026

FOTO in the news

FOTO 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 6, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed May 2026. No distributions yet.

FOTO Risk

Risk pillarD28 out of 100Rank 7 of 8 in Quantum Computing & Photonics
How much the fund’s monthly returns vary, scaled to a year.
Launched May 2026; fills in after 12 months
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.
Launched May 2026; fills in after 12 months
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.
Launched May 2026; fills in after 12 months
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.
1.72
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.

FOTO Cost

Compare FOTO and EUV

Overpaying vs EUV, tied cheapest in Quantum Computing & Photonics

$7,356

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

  • FOTO 0.75%

    $14,482

  • EUV 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • FOTO 0.75%
  • EUV 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FOTO $14,482EUV $7,126

Year by year

YearFOTOEUVOverpaying
10$1,336$634$702
20$5,078$2,454$2,624
30$14,482$7,126$7,356

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