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Launched · SEC filings

Subversive Congressional Republicans Trading ETF

GOPCboeC

$44.76−0.12 (−0.26%)

As of Oct 13, 2026, 3:54 PM

C53/ 100

Rank 57 of 127 in US Active Equity

C53/100Rank 57 of 127inUS Active Equity
Intraday session: down, 25 prints from 44.88 to 44.76. Range 44.52 to 45.00. Use the arrow keys to read each point.44.5044.6044.7045.0010 AM12 PM2 PM4 PM
Expense ratio
0.73%
Fund size
$95M
1Y total return
+26.4%
Yield · Last 12 months
0.56%
Holdings
135
Avg volume · 30D
0M sh
NAV per share
$45.10
52W range
low $34.81high $46.00
Launched
Filings
SEC EDGAR

The ETF.net GOP Grade

C

Score 53 out of 100

Category
US Active Equity⁠
Rank
57 of 127
Six-pillar profile for GOP. Scores out of 100: Cost 44, Risk 71, Mission 85, Tradability 40, Holdings 73, Durability 58. Strongest: Mission (85). Weakest: Tradability (40). Leans toward Mission.

Score 53 of 100 falls in the C 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.
    C44 out of 100
    Rank 71 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A85 out of 100
    Rank 5 of 48

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A71 out of 100
    Rank 17 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 83 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A73 out of 100
    Rank 33 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 61 of 127

Our read on GOP

ETF.net Research

CThe 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.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01A theme you cannot buy off the index rack: US stocks picked around a political-trading lens instead of the usual sector or factor screen.
  2. 02Novel idea, plain plumbing. It is a standard 1940 Act equity ETF, no leverage, no derivatives overlay, no structural red flags on file.
  3. 03It runs the mandate it prints: long-term capital appreciation from US equities, and the portfolio has stayed inside those lines.
  4. 04Despite the gimmicky premise, it lands in the upper half of a crowded active US equity peer group on our review.

Worth knowing

  1. 01Novelty 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%.
  2. 02A small, thinly traded fund. Spreads can be wider than the giant core ETFs, which makes limit orders and market-open caution matter more.
  3. 03Cash comes rarely: distributions land once or twice a year, so this is not an income drip.

GOP Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
135
Top-10 weight
38%
Largest holding
FIX7.7%

Sectors

  • Technology30.4%
  • Industrials20.8%
  • Financials18.5%
  • Energy9.8%
  • Health Care5.5%
  • Consumer Discretionary4.2%
  • Consumer Staples3.8%
  • Communication2.7%
  • Materials2.1%
  • Real Estate1.2%
  • Utilities0.9%

Geography

  • United States90.79%
  • United Kingdom3.56%
  • Netherlands1.92%
  • Ireland1.87%
  • Bermuda0.43%
  • Canada0.43%
  • Denmark0.36%
  • Germany0.34%
  • Other countries (1)0.28%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FIXComfort Systems USA Inc7.69%4,247$7M396
002INTCIntel Corp5.60%50,680$5M511
003JPMJPMorgan Chase & Co.4.15%11,793$4M481
004ANETArista Networks Inc3.85%16,816$4M509
005IBITiShares Bitcoin Trust ETF3.71%75,541$4M14
006NVDANVIDIA Corp3.44%14,210$3M847
007AMDAdvanced Micro Devices Inc3.24%5,041$3M635
008UTHRUnited Therapeutics Corp2.10%3,614$2M266
009ASMLASML Holding NV1.91%1,014$2M203
010ALLAllstate Corp/The1.86%7,678$2M357
011CVXChevron Corp1.80%8,044$2M478
012SPCXSpace Exploration Technologies Corp1.80%10,472$2M287
013COPConocoPhillips1.68%11,870$2M433
014TAT&T Inc1.63%69,636$2M418
015JNJJohnson & Johnson1.40%5,059$1M528

Showing 1–15 of 135 holdings

GOP Performance

Launched Feb 6, 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.
GOP$12,639
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. GOP $12,639. SPY $12,044. Use the arrow keys to read each point.$9,504$11,318$13,131Oct 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 GOP. Periods over one year show the average yearly return.
PeriodGOP
Year to date+23.3%
1 month+0.6%
3 months+1.7%
1 year+26.4%
3 yearsper year+23.0%
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 GOP
YearReturn barGOP
2026 YTD+23.3%
2025+17.1%
2024+14.4%
2023+10.2%

History from Feb 7, 2023

GOP in the news

Filtered to GOP · US Active Equity

GOP 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.
0.56%Last 12 months
Payout per share
$0.25Last 12 months
Last payment
$0.25 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 $0.28; Dec 27, 2024 $0.18; Dec 26, 2025 $0.25. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 29, 2025$0.25
Dec 27, 2024Dec 30, 2024$0.18
Dec 19, 2023Dec 21, 2023$0.28

GOP Risk

How much the fund’s monthly returns vary, scaled to a year.
13.2%
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.
1.28
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.
−15.4%
44 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.
0.96
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.

GOP Cost

Expense ratio0.73%
  • The middle half of US Active Equity funds
  • Median 0.70%

68 of the 123 US Active Equity funds charge less.

GOP costs $73.00 a year on $10,000. The median US Active Equity fund costs $70.00.

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