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Launched · SEC filings

Hull Tactical US ETF

HTUSCboeD

$46.32−0.01 (−0.02%)

As of Oct 13, 2026, 3:54 PM

D37/ 100

Rank 88 of 127 in US Active Equity

D37/100Rank 88 of 127inUS Active Equity
Intraday session: down, 35 prints from 46.33 to 46.32. Range 46.21 to 46.41. Use the arrow keys to read each point.46.2046.2546.4010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$174M
1Y total return
+23.3%
Yield · Last 12 months
10.19%
Holdings
8
Avg volume · 30D
0M sh
NAV per share
$46.34
52W range
low $36.59high $48.30
Launched
Filings
SEC EDGAR

The ETF.net HTUS Grade

D

Score 37 out of 100

Category
US Active Equity⁠
Rank
88 of 127
Six-pillar profile for HTUS. Scores out of 100: Cost 21, Risk 66, Mission 73, Tradability 43, Holdings 23, Durability 69. Strongest: Mission (73). Weakest: Cost (21). Leans toward Mission and Durability.

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.
    F21 out of 100
    Rank 100 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A73 out of 100
    Rank 28 of 48

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 26 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 75 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F23 out of 100
    Rank 120 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 35 of 127

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 Oct 13, 2026
Asset class
Stocks
Holdings
8
Top-10 weight
100%
Largest holding
SPY81.2%

Sectors

  • Technology40.4%
  • Financials11.2%
  • Communication9.9%
  • Health Care9.3%
  • Consumer Discretionary8.7%
  • Industrials7.5%
  • Consumer Staples4.3%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%

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 Class81.20%181,452$141M42
002—United States Treasury Bill 0%, Due 10/15/20265.75%10,000,000$10M55
003—Us Dollar Broker5.36%9,320,489$9M5
004—Us Dollar Future3.30%5,748,283$6M9
005—United States Treasury Bill 0%, Due 10/29/20262.87%5,000,000$5M46
006—Bbh Sweep Vehicle1.27%2,209,025$2M13
007—Receivables/Payables0.16%279,548$280K13
008—Us Dollars0.10%170,176$170K51

Showing 1–8 of 8 holdings

HTUS Performance

Launched Jun 24, 2015

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

HTUS$12,328
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. HTUS $12,328. SPY $12,044. Use the arrow keys to read each point.$9,560$11,053$12,547Oct 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 HTUS. Periods over one year show the average yearly return.
PeriodHTUS
Year to date+16.8%
1 month+2.0%
3 months+4.5%
1 year+23.3%
3 yearsper year+24.5%
5 yearsper year+16.6%
10 yearsper year+13.4%

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+16.8%
2025+16.6%
2024+25.1%
2023+30.1%
2022−11.2%
2021+24.3%
2020+13.1%

HTUS in the news

Filtered to HTUS · US Active Equity

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 Oct 12, 2026.
10.19%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.
13.0%
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.
1.41
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.
−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.
1.04
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%

98 of the 123 US Active Equity funds charge less.

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

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