ALPS Active Equity Opportunity ETF
$77.51−0.13 (−0.17%)
- 0.48%
- $31M
- +24.1%
- 0.62%
- 0M sh
- $77.65
- low $63.27high $77.75
The ETF.net RFFC Grade
B
Score 64 out of 100
- 13 of 44
Score 64 of 100 falls in the B 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.B67 out of 100Rank 15 of 44Mission
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.A70 out of 100Rank 7 of 42Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 24 of 44Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B67 out of 100Rank 16 of 44Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 24 of 44
Our read on RFFC
BMost active equity funds ask you to trust a stock picker. RFFC leans on one hard number instead: return on invested capital, applied to an S&P Composite 1500 opportunity set, at a fee below most of its active peers.
RFFC is designed to pursue capital appreciation.
Why people hold it
- Stock picking with a stated rule behind it: holdings are selected on return on invested capital, a profitability measure rather than a narrative.alpsfunds.com
- 0.48% a year sits below the typical fee in its active global equity peer group, unusual for a fundamentals-first, hand-picked portfolio.
- Live since 2016, so the approach has traded through real market cycles instead of arriving with a theme.
- Measured against the S&P Composite 1500, a benchmark that reaches past mega caps into mid and small companies. Pays quarterly.
Worth knowing
- A small fund that trades thinly. Spreads can run wider than in giant index products, and sizable orders can move the price.
- Active by design: the manager's ROIC calls drive the outcome, and the portfolio can diverge from its S&P Composite 1500 benchmark for long stretches.
- Cheaper shelf-mates exist in the same peer group, with GSWO at 0.15% and AVGE at 0.25% running rules-based rather than hand-picked.
RFFC Holdings
- Stocks
- 60
- 42%
- MSFT
Sectors
- Technology34.4%
- Health Care13.8%
- Financials11.3%
- Industrials11.1%
- Communication8.0%
- Consumer Discretionary7.4%
- Energy4.6%
- Consumer Staples3.4%
- Real Estate2.1%
- Utilities2.0%
- Materials1.9%
Geography
- United States89.35%
- Taiwan5.71%
- United Kingdom1.07%
- Bermuda1.00%
- France0.84%
- Switzerland0.78%
- Ireland0.74%
- Canada0.51%
RFFC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
RFFC$12,406
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 | RFFC |
|---|---|
| Year to date | +16.3% |
| 1 month | +1.6% |
| 3 months | +3.3% |
| 1 year | +24.1% |
| 3 years | +22.7% |
| 5 years | +13.0% |
| 10 years | +13.0% |
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 | RFFC |
|---|---|---|
| 2026 YTD | +16.3% | |
| 2025 | +16.8% | |
| 2024 | +23.5% | |
| 2023 | +19.5% | |
| 2022 | −14.6% | |
| 2021 | +22.3% | |
| 2020 | +12.0% |
RFFC in the news
RFFC Dividends
- 0.62%
- $0.48
- $0.13 per share
- Quarterly
Distribution history
RFFC Risk
- 11.9%
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.
- 1.41
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.
- −22.3%
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.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RFFC Cost
0.48%
RFFC0.48%
- The middle half of Global Active Equity funds
- Median 0.69%
14 of the 44 Global Active Equity funds charge less.
Other funds in Global Active Equity
- BCGGECapital Group Global Equity ETFExpense ratio 0.47%1 year return +15.5%
- BJGLOJPMorgan Global Select Equity ETFExpense ratio 0.47%1 year return +11.6%
- BRGEFRockefeller Global Equity ETFExpense ratio 0.55%1 year return +23.5%
- BAVOSAvos Global Equities ETFExpense ratio 0.64%1 year return —
- BTOLLTema Durable Quality ETFExpense ratio 0.55%1 year return +21.1%