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Launched · SEC filings

VanEck Long/Flat Trend ETF

LFEQNYSE ArcaC

$61.99+0.01 (+0.02%)

As of Oct 13, 2026, 3:12 PM

C53/ 100

Rank 12 of 20 in Trend-Following / Tactical Index

C53/100Rank 12 of 20inTrend-Following / Tactical Index
Intraday session: up, 4 prints from 61.98 to 61.99. Range 61.85 to 61.99. Use the arrow keys to read each point.61.8561.8861.9061.9261.9510 AM12 PM2 PM4 PM
Expense ratio
0.58%
Fund size
$28M
1Y total return
+19.8%
Yield · Last 12 months
0.79%
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$61.98
52W range
low $50.27high $62.16
Launched
Filings
SEC EDGAR

The ETF.net LFEQ Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
Trend-Following / Tactical Index⁠
Rank
12 of 20
Six-pillar profile for LFEQ. Scores out of 100: Cost 58, Risk 68, Mission not scored, Tradability 40, Holdings 37, Durability 59. Strongest: Risk (68). Weakest: Holdings (37). Based on 5 of 6 pillars.

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.
    B58 out of 100
    Rank 9 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 5 of 20

  • 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 14 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D37 out of 100
    Rank 17 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 9 of 20

Our read on LFEQ

ETF.net Research

CTrend following in an ETF wrapper: LFEQ tracks a Ned Davis Research index that uses daily signals to shift between US large-cap stocks and Treasury bills, trimming equity when the tape weakens. Live since 2017, priced below its peer median.

Stated mandate

The fund seeks to track the price and yield performance of the Ned Davis Research CMG US Large Cap Long/Flat Index. The index uses daily signals to vary exposure between U.S. equities and Treasury bills, seeking participation in advances while limiting losses in declines.

Why people hold it

  1. 010.58% a year, against a median near 0.95% for tactical multi-asset funds. Rules-based risk management usually costs more than this.
  2. 02The de-risking is mechanical, not discretionary: daily index signals move exposure between US equities and T-bills. No manager's gut call on when to step aside.
  3. 03Trading since 2017, so the signal has run through live markets and real drawdowns rather than a backtest.

Worth knowing

  1. 01Trend rules follow price, not forecasts. A sharp V-shaped rebound can get underway while the index is still sitting in Treasury bills.
  2. 02It stays a small, thinly traded fund, which typically means wider bid-ask spreads than a mainstream large-cap index ETF.
  3. 03Cheaper than tactical peers TUGN (0.65%) and PWS (0.60%), though ENDW (0.22%) and ONOF (0.39%) run leaner.

LFEQ Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
100%
Largest holding
VOO100.0%

Sectors

  • Technology38.7%
  • Financials12.0%
  • Communication9.5%
  • Consumer Discretionary9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Consumer 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
001VOOVanguard S&P 500 ETF100.01%39,010$28M60
002—-Usd Cash-0.15%43,177$43K69

Showing 1–2 of 2 holdings

LFEQ Performance

Launched Oct 4, 2017

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.
LFEQ$11,980
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. LFEQ $11,980. SPY $12,044. Use the arrow keys to read each point.$9,571$10,907$12,243Oct 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 LFEQ. Periods over one year show the average yearly return.
PeriodLFEQ
Year to date+14.4%
1 month+2.0%
3 months+3.2%
1 year+19.8%
3 yearsper year+18.8%
5 yearsper year+10.0%
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 LFEQ
YearReturn barLFEQ
2026 YTD+14.4%
2025+10.5%
2024+24.3%
2023+19.6%
2022−22.0%
2021+27.9%
2020+17.6%

LFEQ in the news

Filtered to LFEQ · Trend-Following / Tactical Index

LFEQ 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.
0.79%Last 12 months
Payout per share
$0.49Last 12 months
Last payment
$0.49 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. 9 payments from 2017 to 2026 YTD. Dec 27, 2017 $0.10; Dec 20, 2018 $0.26; Dec 23, 2019 $0.43; Dec 29, 2020 $0.71; Dec 29, 2021 $0.16; Dec 28, 2022 $0.41; Dec 27, 2023 $0.63; Dec 27, 2024 $0.36; Dec 29, 2025 $0.49. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$0.49
Dec 27, 2024Dec 30, 2024$0.36
Dec 27, 2023Dec 29, 2023$0.63
Dec 28, 2022Dec 30, 2022$0.41
Dec 29, 2021Dec 31, 2021$0.16
Dec 29, 2020Jan 5, 2021$0.71
Dec 23, 2019Dec 30, 2019$0.43
Dec 20, 2018Dec 27, 2018$0.26
Dec 27, 2017Dec 29, 2017$0.10

LFEQ Risk

How much the fund’s monthly returns vary, scaled to a year.
12.0%
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.
1.12
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.
−25.5%
Trough Oct 2022
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.
0.93
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.

LFEQ Cost

Expense ratio0.58%
  • The middle half of Trend-Following / Tactical Index funds
  • Median 0.60%

8 of the 20 Trend-Following / Tactical Index funds charge less.

LFEQ costs $58.00 a year on $10,000. The median Trend-Following / Tactical Index fund costs $60.00.

Other funds in Trend-Following / Tactical Index

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