ATAC Credit Rotation ETF
$14.53−0.05 (−0.34%)
- 1.49%
- $5M
- −1.7%
- 5.52%
- 0M sh
- $14.57
- low $14.48high $16.24
The ETF.net JOJO Grade
F
Score 15 out of 100
- 81 of 85
Score 15 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 15
- This cap took
- −0
- Published Score
- 15
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 85 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F11 out of 100Rank 82 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 54 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F20 out of 100Rank 82 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D33 out of 100Rank 70 of 85
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.
Not enough history yet.
JOJO$9,835
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.
| Period | JOJO |
|---|---|
| Year to date | −2.3% |
| 1 month | −1.3% |
| 3 months | −3.0% |
| 1 year | −1.7% |
| 3 years | +7.2% |
| 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 | −2.3% | |
| 2025 | +10.5% | |
| 2024 | +2.7% | |
| 2023 | +7.6% | |
| 2022 | −22.0% | |
| 2021 | −0.3% |
JOJO in the news
JOJO Dividends
- 5.52%
- $0.80
- $0.07 per share
- Monthly
Distribution history
JOJO Risk
- 9.0%
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.
- 0.27
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
1.49%
JOJO1.49%
- The middle half of US High Yield funds
- Median 0.43%
Every other US High Yield fund charges less.
Other funds in US High Yield
- DDYLDLeaderShares Dynamic Yield ETFExpense ratio 0.75%1 year return +1.4%
- DHYBXTCW High Yield Bond ETFExpense ratio 0.50%1 year return +2.4%
- DMUSETCW Multisector Credit Income ETFExpense ratio 0.56%1 year return +3.4%
- FPCHIPolen High Income ETFExpense ratio 0.66%1 year return +1.0%
- FPCEBPolen Euro High Yield Bond ETFExpense ratio 0.75%1 year return —