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Launched · SEC filings

Pictet AI Enhanced US Equity ETF

PQUSNYSE ArcaPictetA

$28.10−0.11 (−0.37%)

As of Nov 2, 2026, 3:59 PM ET

A76/ 100

Rank 10 of 126 in US Active Equity

A76/100Rank 10 of 126inUS Active Equity
Intraday session: down, 73 prints from 28.21 to 28.10. Range 28.10 to 28.52. Use the arrow keys to read each point.28.3028.4028.5010 AM12 PM2 PM4 PM
Expense ratio
0.22%
Fund size
$166M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
156
Avg volume · 30D
102K sh
52W range
low $23.45high $29.40
Launched
Filings
SEC EDGAR

The ETF.net PQUS Grade

A

Score 76 out of 100

Category
US Active Equity⁠
Rank
10 of 126
Six-pillar profile for PQUS. Scores out of 100: Cost 91, Risk 78, Mission 84, Tradability 65, Holdings 64, Durability 48. Strongest: Cost (91). Weakest: Durability (48). Leans toward Cost.

Score 76 of 100 falls in the A 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.
    A91 out of 100
    Rank 12 of 126

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A84 out of 100
    Rank 6 of 49

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A78 out of 100
    Rank 11 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 38 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 51 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 72 of 126

Our read on PQUS

ETF.net Research

In short

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

  • Costs 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).
  • Low 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.
  • A 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.
  • Grades in the top quartile of the active US equity funds we cover, with the low fee doing much of the work.

Worth knowing

  • A 2026 launch, so the live record is short. Any read on how the model handles a real drawdown rests on limited history.
  • Small and thinly traded next to the index giants, so bid-ask spreads and order size matter more here than with a mega-fund.
  • Hugging 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 Performance

Launched Feb 25, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
PQUS$10,122
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. PQUS $10,122. SPY $10,141. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – 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 PQUS. Periods over one year show the average yearly return.
PeriodPQUS
Year to dateFund launched this yearNo data
1 month−1.2%
3 months+1.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
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 PQUS
YearReturn barPQUS
2026 YTD+11.6%

History from Feb 26, 2026

PQUS in the news

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 Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Feb 2026. No distributions yet.

PQUS Risk

Risk pillarA78 out of 100Rank 11 of 126 in US Active Equity
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.

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

PQUS Cost

Compare PQUS and TACU

Overpaying vs TACU, cheapest in US Active Equity

$4,558

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

  • PQUS 0.22%

    $4,558

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • PQUS 0.22%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530PQUS $4,558TACU $0

Year by year

YearPQUSTACUOverpaying
10$401$0$401
20$1,561$0$1,561
30$4,558$0$4,558

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