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Launched

Horizon Kinetics Energy Remediation ETF

NVIRNYSE ArcaHorizon KineticsF

$41.15−0.16 (−0.38%)

As of Nov 2, 2026, 12:20 PM ET

F23/ 100

Rank 24 of 25 in Energy (Broad)

F23/100Rank 24 of 25inEnergy (Broad)
Intraday session: down, 29 prints from 41.31 to 41.15. Range 41.15 to 41.31. Use the arrow keys to read each point.41.1741.2041.2341.2541.2710 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$5M
1Y total return
+30.2%
Yield · Last 12 months
0.72%
Holdings
41
Avg volume · 30D
422 sh
52W range
low $31.93high $41.32
Launched

The ETF.net NVIR Grade

Based on 5 of 6 pillars

F

Score 23 out of 100

Category
Energy (Broad)⁠
Rank
24 of 25
Six-pillar profile for NVIR. Scores out of 100: Cost 6, Risk 50, Mission not scored, Tradability 2, Holdings 75, Durability 16. Strongest: Holdings (75). Weakest: Tradability (2). Based on 5 of 6 pillars.

Score 23 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.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F6 out of 100
    Rank 23 of 25

  • 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.
    C50 out of 100
    Rank 14 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F2 out of 100
    Rank 25 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A75 out of 100
    Rank 6 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F16 out of 100
    Rank 24 of 25

Our read on NVIR

ETF.net Research

In short

FMost energy ETFs buy the oil patch by index weight. NVIR is Horizon Kinetics hand-picking roughly 40 companies across the US, Canada and Australia that it expects to benefit as attention turns to cleaner carbon-based energy production.

Stated mandate

The Fund seeks long-term capital growth. It is actively managed and invests primarily in companies expected to benefit from increasing attention to climate and environmentally sensitive carbon-based energy production.

Why people hold it

  • Actively managed with a value-driven, bottom-up process. Nobody is tracking a benchmark here; the portfolio is a stock-by-stock set of picks, roughly 40 names deep.
  • A slice of energy that broad sector funds blend away: companies positioned to gain as climate and environmental pressure reshapes how carbon-based energy gets produced.
  • The mandate reaches past the US into Canada and Australia, two resource-heavy markets, rather than fishing only in the domestic energy pond.

Worth knowing

  • You pay 0.85% for the stock-picking. Index-tracking energy peers run far cheaper, with XES at 0.35% and MLPX at 0.45%.
  • Small fund, light trading. Spreads can be wider than on the big sector ETFs, so the price you get depends on how you place the order.
  • Launched in 2023, with roughly 40 holdings and distributions once or twice a year. Short track record, concentrated portfolio, no monthly income rhythm.

NVIR Performance

Launched Feb 21, 2023

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.Not enough history yet.
NVIR$13,023
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NVIR $13,023. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 NVIR. Periods over one year show the average yearly return.
PeriodNVIR
Year to date+26.4%
1 month+9.6%
3 months+5.5%
1 year+30.2%
3 yearsper year+18.1%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 NVIR
YearReturn barNVIR
2026 YTD+26.4%
2025+9.9%
2024+17.5%
2023+6.9%

History from Feb 22, 2023

NVIR in the news

NVIR 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 30, 2026.
0.72%Last 12 months
Payout per share
$0.30Last 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.35; Dec 24, 2024 $0.45; Dec 23, 2025 $0.30. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.30
Dec 24, 2024Dec 26, 2024$0.45
Dec 27, 2023Dec 29, 2023$0.35

$10,000 in NVIR 3 years ago paid $409 in dividends.

NVIR Risk

Risk pillarC50 out of 100Rank 14 of 24 in Energy (Broad)
How much the fund’s monthly returns vary, scaled to a year.
15.3%
Annualised · 36 months to Oct 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.
0.87
vs 3-month T-bills · to Oct 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.
−22.5%
44 months · 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.
0.31
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.

FMP measures it over up to five years of monthly returns.

NVIR Cost

Compare NVIR and XLE

Overpaying vs XLE, cheapest in Energy (Broad)

$14,510

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NVIR 0.85%

    $16,199

  • XLE 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • NVIR 0.85%
  • XLE 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NVIR $16,199XLE $1,689

Year by year

YearNVIRXLEOverpaying
10$1,508$147$1,361
20$5,706$575$5,131
30$16,199$1,689$14,510

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