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PQUS

GradeANew York Stock Exchange Arca

Pictet AI Enhanced US Equity ETF

Active Equity · Pictet · Inception 2026-02-25

$28.71−0.19 (−0.65%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Feb 26, 2026.History starts Feb 26, 2026.
Intraday session: down, 21 prints from 28.90 to 28.71. Range 28.65 to 28.90. Use the arrow keys to read each point.$28.80$28.9010 AM12 PM2 PM4 PM
Expense ratio
0.22%
Fund size
$94M
1Y return
—
Yield · Last 12 months
—
Holdings
155
Volume · 30D
0.1M sh
NAV per share
$28.87
52W range
low $23.45high $29.40

The ETF.net PQUS Grade

A

78/ 100

Rank 8 of 127 in US Active Equity⁠

Confidence High

Six-pillar profile for PQUS. Scores out of 100: Cost 92, Risk 79, Mission 82, Tradability 68, Holdings 70, Durability 43. Strongest: Cost (92). Weakest: Durability (43). Leans toward Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 78 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 92
    Category rank12/127 · top 9%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 82
    Category rank9/48 · top 19%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 79
    Category rank11/126 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 68
    Category rank32/127 · top 25%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank43/124 · top 35%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank87/127 · mid-pack

Graded as of Sep 22, 2026

Our read on PQUS

ETF.net Research

AAn S&P 500 challenger on a short leash: an AI-driven model makes small tilts around the benchmark instead of big bets, and charges 0.22% a year, roughly a third of what the typical active US equity fund costs.

Stated mandate

The Fund seeks long-term capital appreciation. It is an actively managed ETF using an AI-enhanced, low-tracking-error strategy to invest in U.S. equity securities and seek to outperform the S&P 500 Index.

Why people hold it

  1. 01Costs 0.22% a year versus a 0.65% median for active US equity funds, and undercuts most competitors that benchmark themselves to the S&P 500 (TSPA, JPEF, HELO all charge more).
  2. 02Low tracking error is the whole design. The model tilts around the S&P 500 rather than wandering off it, so the portfolio keeps broad large-cap US exposure while the active work happens at the margins.
  3. 03A cheap active wrapper from a European house building out a US lineup: 1940 Act ETF, US equities only, one stated job, which is long-term capital appreciation against the S&P 500.
  4. 04Grades in the top quartile of the active US equity funds we cover, with the low fee doing much of the work.

Worth knowing

  1. 01A 2026 launch, so the live record is short. Any read on how the model handles a real drawdown rests on limited history.
  2. 02Small and thinly traded next to the index giants, so bid-ask spreads and order size matter more here than with a mega-fund.
  3. 03Hugging the index cuts both ways: by design, the gap between this and a plain S&P 500 fund stays narrow in either direction. It also targets appreciation, not income.

PQUS Holdings

As of Sep 20, 2026, 8:54 AM
Asset class
Stocks
Holdings
155
Top-10 weight
42%
Largest holding
NVDA7.5%

Geography

  • United States97.24%
  • Ireland0.73%
  • Singapore0.65%
  • United Kingdom0.59%
  • Switzerland0.42%
  • Netherlands0.37%
The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA CORP7.53%31,293$7M828
002AAPLAPPLE INC6.58%18,093$6M707
003MSFTMICROSOFT CORP5.06%9,462$5M792
004IVVISHARES CORE S&P 500 ETF4.74%5,727$4M54
005VOOVANGUARD S&P 500 ETF4.74%6,242$4M57
006AMZNAMAZON.COM INC3.35%12,205$3M720
007GOOGLALPHABET INC-CL A2.70%7,144$2M704
008LLYELI LILLY & CO2.40%1,926$2M569
009GOOGALPHABET INC-CL C2.37%6,362$2M471
010AVGOBROADCOM INC2.27%5,877$2M732
011BRK-BBERKSHIRE HATHAWAY INC-CL B2.27%4,110$2M359
012METAMETA PLATFORMS INC-CLASS A1.97%2,737$2M683
013TSLATESLA INC1.83%4,648$2M509
014MUMICRON TECHNOLOGY INC1.79%1,624$2M655
015COSTCOSTCO WHOLESALE CORP1.65%1,700$2M465

Showing 1–15 of 157 holdings

PQUS Performance

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

PQUS$10,436
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. PQUS $10,436. SPY $10,415. Use the arrow keys to read each point.$9,739$10,131$10,524Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for PQUS. Periods over one year show the average yearly return.
PeriodPQUS
Year to dateFund launched this year—
1 month+1.4%
3 months+4.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 PQUS
YearReturn barPQUS
2026 YTD+14.4%

History from Feb 26, 2026

PQUS in the news

ETF.net Research hasn’t filed on PQUS yet — coverage lands here as it’s written.

PQUS 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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Feb 2026. No distributions yet.

PQUS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.

PQUS Cost

Expense ratio0.22%
  • The middle half of US Active Equity funds
  • Median 0.70%

10 of the 124 US Active Equity funds charge less.

PQUS costs $22.00 a year on $10,000. The median US Active Equity fund costs $70.00.