Skip to content
etf.net

HTUS

GradeDChicago Board Options Exchange

Hull Tactical US ETF

Active Equity · Hull · Inception 2015-06-24 · SEC filings

$45.86−0.32 (−0.68%)

As of Sep 23, 2026, 2:18 PM EDT

Intraday session: down, 20 prints from 46.18 to 45.86. Range 45.80 to 46.18. Use the arrow keys to read each point.$45.80$46.00$46.10$46.2010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$171M
1Y return
+21.2%
Yield · Last 12 months
10.22%
Volume · 30D
0M sh
NAV per share
$46.12
52W range
low $36.59high $48.30

The ETF.net HTUS Grade

D

39/ 100

Rank 87 of 127 in US Active Equity⁠

Confidence High

Six-pillar profile for HTUS. Scores out of 100: Cost 19, Risk 63, Mission 73, Tradability 59, Holdings 22, Durability 69. Strongest: Mission (73). Weakest: Cost (19). Leans toward Mission and Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 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 19
    Category rank103/127 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 73
    Category rank31/48 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 63
    Category rank32/126 · top 25%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank46/127 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 22
    Category rank122/124 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 69
    Category rank34/127 · top 27%

Graded as of Sep 22, 2026

Our read on HTUS

ETF.net Research

DMost active US equity funds argue about which stocks to own. HTUS argues about whether to own them at all: a quant strategy that shifts between long and short S&P 500 exposure, running live since 2015.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed strategy using long and short positions in ETFs and related instruments tied primarily to the S&P 500 Index.

Why people hold it

  1. 01Not a stock picker. It takes long and short positions in S&P 500 linked ETFs and related instruments, so market exposure moves with the model instead of sitting permanently fully invested.
  2. 02Trading real money since 2015, so the model has a live record behind it rather than a backtest.
  3. 03The tactical trading happens inside a registered 1940 Act fund, so the shorting sits under regular fund rules rather than in a private vehicle.
  4. 04Tight mandate, and it stays inside it: US equities, S&P 500 as the reference point, no drift into other markets or asset classes.

Worth knowing

  1. 01At 0.96% a year it runs above the typical active US equity fund, and several times the index-plus crowd such as DFAU (0.12%) and FELC (0.18%).
  2. 02Small asset base and thin trading, so spreads can widen and sizable orders can move the price.
  3. 03You are buying a model, not a basket. Outcomes track the manager's signals and its short side, not simply the index it references.

HTUS Holdings

As of Sep 20, 2026, 10:18 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
SPY78.4%

Sectors

  • Technology38.7%
  • Financials12.1%
  • Communication9.5%
  • Consumer Discr.9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Cons. Staples4.5%
  • Energy3.5%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPYState Street SPDR S&P 500 ETF Trust USD Class78.38%172,647$132M38
002—United States Treasury Bill 0%, Due 10/15/20265.94%10,000,000$10M53
003—US DOLLAR FUTURE4.23%7,104,813$7M9
004—BBH SWEEP VEHICLE3.48%5,851,248$6M14
005—United States Treasury Bill 0%, Due 10/01/20262.97%5,000,000$5M21
006—United States Treasury Bill 0%, Due 10/29/20262.96%5,000,000$5M35
007—US DOLLAR BROKER1.39%2,336,053$2M6
008—Receivables/Payables0.50%839,425$839K12
009—US DOLLARS0.10%170,176$170K67
010—S&P 500 INDEX 10/30/2026 7915 Call0.04%20$69K1

Showing 1–10 of 10 holdings

HTUS Performance

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

HTUS$12,121
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. HTUS $12,121. SPY $11,723. Use the arrow keys to read each point.$9,323$10,835$12,348Sep 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 HTUS. Periods over one year show the average yearly return.
PeriodHTUS
Year to date+16.3%
1 month+1.3%
3 months+5.5%
1 year+21.2%
3 years+24.4%per year
5 years+16.2%per year
10 years+13.4%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 HTUS
YearReturn barHTUS
2026 YTD+16.3%
2025+16.6%
2024+25.1%
2023+30.1%
2022−11.2%
2021+24.3%
2020+13.1%

HTUS in the news

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

HTUS 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.
10.22%Last 12 months
Payout per share
$4.72Last 12 months
Last payment
$4.72 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 13 payments from 2017 to 2026 YTD. Aug 2, 2017 $0.25; Dec 26, 2017 $2.00; Aug 13, 2018 $0.21; Dec 24, 2018 $2.16; Dec 24, 2019 $0.25; Dec 28, 2020 $1.10; Sep 9, 2021 $0.16; Dec 28, 2021 $2.27; Sep 16, 2022 $0.54; Dec 27, 2022 $1.65; Dec 26, 2023 $0.42; Dec 27, 2024 $6.78; Dec 26, 2025 $4.72. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 31, 2025$4.72
Dec 27, 2024Jan 2, 2025$6.78
Dec 26, 2023Dec 29, 2023$0.42
Dec 27, 2022Dec 30, 2022$1.65
Sep 16, 2022Sep 21, 2022$0.54
Dec 28, 2021Dec 31, 2021$2.27
Sep 9, 2021Sep 14, 2021$0.16
Dec 28, 2020Dec 31, 2020$1.10
Dec 24, 2019Dec 31, 2019$0.25
Dec 24, 2018Dec 31, 2018$2.16
Aug 13, 2018Aug 15, 2018$0.21
Dec 26, 2017Dec 29, 2017$2.00

HTUS Risk

How much the fund’s monthly returns vary, scaled to a year.
13.7%
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.
1.18
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.
−24.4%
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.
1.03
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.

HTUS Cost

Expense ratio0.96%
  • The middle half of US Active Equity funds
  • Median 0.70%

99 of the 124 US Active Equity funds charge less.

HTUS costs $96.00 a year on $10,000. The median US Active Equity fund costs $70.00.