ATAC Credit Rotation ETF
$14.73−0.12 (−0.81%)
- Expense ratio
- 1.49%
- Fund size
- $5M
- 1Y return
- +1.3%
- Yield · Last 12 months
- 5.30%
- Holdings
- 3
- Volume · 30D
- 0M sh
- NAV per share
- $14.85
- 52W range
The ETF.net JOJO Grade
Score 16 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 14Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 19Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 33Category rank
Our read on JOJO
FLess a bond portfolio than a switch. JOJO reads utilities stocks against the broad market and flips its whole sleeve between high yield bonds and long-dated Treasuries. One signal, two extremes, no middle ground.
The fund seeks enhanced yield by holding U.S. Treasury bills and/or bonds while using vertical credit spreads on major equity indexes. Its options overlay may use up to 90% exposure and is collateralized by Treasury securities.
Why people hold it
- A rolling multi-week read of utilities (XLU) against the S&P 500 (SPY) sets the whole portfolio: high yield ETFs on "credit-on", long-duration Treasury ETFs on "credit-off".sec.gov
- Binary by design. It targets one side of the credit spectrum at a time rather than blending, so the defensive leg is a full long-duration Treasury stance.sec.gov
- The utilities-lead-volatility idea comes from manager Michael Gayed's 2014 Dow Award paper, so the rulebook was public years before the 2021 launch.newswire.com
- Income arrives monthly, whichever side of the switch the fund is sitting on.
Worth knowing
- Cost is the trade-off: 1.49% a year against a roughly 0.40% median for high yield bond ETFs, while index peers like SCYB and SPHY run a few basis points.
- One signal drives everything. The filings flag short-term signals risk: if the utilities read misfires, the fund can trail the broader fixed income market.sec.gov
- A small, thinly traded fund, so the bid-ask spread on a round trip can weigh as much as the fee does.
JOJO Holdings
- Bonds
- 3
- 100%
- HYG
Sectors
- Utilities99.7%
- Real Estate0.3%
Geography
- United States100.00%
JOJO 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 | JOJO |
|---|---|
| Year to date | −1.0% |
| 1 month | −0.7% |
| 3 months | −3.0% |
| 1 year | +1.3% |
| 3 years | +6.5% |
| 5 years | −1.5% |
| 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 | JOJO |
|---|---|---|
| 2026 YTD | −1.0% | |
| 2025 | +10.5% | |
| 2024 | +2.7% | |
| 2023 | +7.6% | |
| 2022 | −22.0% | |
| 2021 | −0.3% |
JOJO in the news
ETF.net Research hasn’t filed on JOJO yet — coverage lands here as it’s written.
JOJO Dividends
- 5.30%
- $0.79
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 2, 2026 | Sep 3, 2026 | $0.08 |
| Aug 4, 2026 | Aug 5, 2026 | $0.06 |
| Jul 2, 2026 | Jul 6, 2026 | $0.06 |
| Jun 2, 2026 | Jun 3, 2026 | $0.08 |
| May 4, 2026 | May 5, 2026 | $0.08 |
| Apr 2, 2026 | Apr 6, 2026 | $0.06 |
| Mar 3, 2026 | Mar 4, 2026 | $0.05 |
| Feb 3, 2026 | Feb 4, 2026 | $0.08 |
| Dec 30, 2025 | Dec 31, 2025 | $0.08 |
| Dec 2, 2025 | Dec 3, 2025 | $0.05 |
| Nov 4, 2025 | Nov 5, 2025 | $0.05 |
| Oct 2, 2025 | Oct 3, 2025 | $0.05 |
JOJO Risk
- 9.6%
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.
- 0.14
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.
- −28.4%
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.
- 1.44
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JOJO Cost
- The middle half of US High Yield funds
- Median 0.43%
Every other US High Yield fund charges less.