Subversive Congressional Republicans Trading ETF
$44.97−0.21 (−0.46%)
- Expense ratio
- 0.73%
- Fund size
- $95M
- 1Y return
- +26.1%
- Yield · Last 12 months
- 0.55%
- Volume · 30D
- 0M sh
- NAV per share
- $45.24
- 52W range
The ETF.net GOP Grade
Score 56 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.CScore 44Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 85Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 73Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 53Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 76Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
Our read on GOP
BThe name is the thesis. Subversive and Unusual Whales built an actively managed all-US stock fund themed on Republican congressional trading, launched in 2023 and aimed at long-term capital appreciation.
The Fund seeks long-term capital appreciation.
Why people hold it
- A theme you cannot buy off the index rack: US stocks picked around a political-trading lens instead of the usual sector or factor screen.
- Novel idea, plain plumbing. It is a standard 1940 Act equity ETF, no leverage, no derivatives overlay, no structural red flags on file.
- It runs the mandate it prints: long-term capital appreciation from US equities, and the portfolio has stayed inside those lines.
- Despite the gimmicky premise, it lands in the upper half of a crowded active US equity peer group on our review.
Worth knowing
- Novelty costs. The 0.74% fee sits above the active US equity median of 0.65%, and core rivals like DFAU, DFAC and AVLC charge under 0.20%.
- A small, thinly traded fund. Spreads can be wider than the giant core ETFs, which makes limit orders and market-open caution matter more.
- Cash comes rarely: distributions land once or twice a year, so this is not an income drip.
GOP Holdings
- Stocks
- —
- 37%
- FIX
Sectors
- Technology28.8%
- Industrials21.1%
- Financials15.7%
- Energy10.5%
- Health Care5.9%
- Consumer Discr.5.3%
- Cons. Staples4.1%
- Communication3.5%
- Materials2.3%
- Real Estate1.4%
- Utilities1.3%
Geography
- United States91.45%
- United Kingdom3.43%
- Ireland1.80%
- Netherlands1.79%
- Canada0.48%
- Denmark0.42%
- Germany0.35%
- Switzerland0.28%
GOP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | GOP |
|---|---|
| Year to date | +23.8% |
| 1 month | +1.4% |
| 3 months | +0.4% |
| 1 year | +26.1% |
| 3 years | +23.1% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GOP |
|---|---|---|
| 2026 YTD | +23.8% | |
| 2025 | +17.1% | |
| 2024 | +14.4% | |
| 2023 | +10.2% |
GOP in the news
ETF.net Research hasn’t filed on GOP yet — coverage lands here as it’s written.
GOP Dividends
- 0.55%
- $0.25
- $0.25 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 26, 2025 | Dec 29, 2025 | $0.25 |
| Dec 27, 2024 | Dec 30, 2024 | $0.18 |
| Dec 19, 2023 | Dec 21, 2023 | $0.28 |
GOP Risk
- 13.6%
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.
- 1.14
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.
- −15.4%
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.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GOP Cost
- The middle half of US Active Equity funds
- Median 0.70%
68 of the 124 US Active Equity funds charge less.