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Launched · SEC filings

Adaptive Tactical Rotation ETF

RHRXNYSE ArcaAdaptive ETFsD

$21.47−0.12 (−0.55%)

As of Nov 2, 2026, 3:58 PM ET

D27/ 100

Rank 114 of 126 in US Active Equity

D27/100Rank 114 of 126inUS Active Equity
Intraday session: down, 76 prints from 21.59 to 21.47. Range 21.47 to 21.69. Use the arrow keys to read each point.21.5021.5521.6521.7010 AM12 PM2 PM4 PM
Expense ratio
1.38%*
Fund size
$58M
1Y total return
+15.9%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
18.8K sh
52W range
low $17.46high $23.45
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 2.26%.

The ETF.net RHRX Grade

Based on 5 of 6 pillars

D

Score 27 out of 100

Category
US Active Equity⁠
Rank
114 of 126
Six-pillar profile for RHRX. Scores out of 100: Cost 7, Risk 55, Mission not scored, Tradability 32, Holdings 26, Durability 64. Strongest: Durability (64). Weakest: Cost (7). Based on 5 of 6 pillars.

Score 27 of 100 falls in the D 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.
    F7 out of 100
    Rank 117 of 126

  • 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.
    B55 out of 100
    Rank 58 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D32 out of 100
    Rank 100 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D26 out of 100
    Rank 119 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 48 of 126

Our read on RHRX

ETF.net Research

In short

DA fund of ETFs with a market-timing switch: an S&P 500 core that can be hedged with options, plus permission to rotate into Treasury bond ETFs, cash, or inverse ETFs when its trend model turns negative.

Stated mandate

The Fund seeks capital appreciation.

Why people hold it

  • Unusually flexible mandate for an equity fund: the prospectus allows hedging S&P 500 positions with puts and calls and moving into treasury bond ETFs, cash, or inverse ETFs in downtrends.sec.gov
  • The signal set is disclosed rather than vague: price momentum, volatility, and comparative indicators versus certain indices drive when the portfolio turns defensive.sec.gov
  • Exposure arrives through unaffiliated ETFs whose holdings are generally S&P 500 common stocks, so the underlying is familiar large-cap equity, not exotic single names.sec.gov
  • Running since 2021 inside a 1940 Act ETF wrapper, with daily holdings disclosure and the same rules that govern plain index funds.

Worth knowing

  • Costs 1.38% a year, more than double the 0.65% median for active US equity funds and many times cheap core rivals like DFAU (0.12%) or AVLC (0.15%).
  • Small and thinly traded, which typically means wider bid/ask spreads and more price impact on larger orders than with headline-size funds.
  • Defensive mode can mean heavy cash or leveraged and inverse ETFs, which reset daily; a trend model that turns early or late shows up directly in results.sec.gov

RHRX Performance

Launched Sep 20, 2012

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.
RHRX$11,591
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. RHRX $11,591. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 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 RHRX. Periods over one year show the average yearly return.
PeriodRHRX
Year to date+17.0%
1 month+0.3%
3 months+0.2%
1 year+15.9%
3 yearsper year+21.6%
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper 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 RHRX
YearReturn barRHRX
2026 YTD+17.0%
2025+16.7%
2024+22.2%
2023+10.2%
2022−20.0%
2021+1.3%

History from Nov 8, 2021

RHRX in the news

RHRX Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

RHRX Risk

Risk pillarB55 out of 100Rank 58 of 126 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
12.8%
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.
1.26
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.
−25.3%
59 months · 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.
1.00
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.

RHRX Cost

Compare RHRX and TACU

Overpaying vs TACU, cheapest in US Active Equity

$24,554

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

  • RHRX 1.38%

    $24,554

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • RHRX 1.38%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530RHRX $24,554TACU $0

Year by year

YearRHRXTACUOverpaying
10$2,395$0$2,395
20$8,848$0$8,848
30$24,554$0$24,554
How the 1.38% is worked out

Full fee 2.26%− waiver 0.88%= you pay 1.38%

The waiver ends Sep 30, 2027. After that the fee is 2.26% unless Adaptive ETFs renews it. Source: prospectus, Sep 2026.

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