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Launched · SEC filings

RH Tactical Outlook ETF

RHTXNYSE ArcaAdaptive ETFsF

$19.540.00 (0.00%)

As of Nov 10, 2026, 9:46 AM ET

F20/ 100

Rank 46 of 46 in Tactical Allocation

F20/100Rank 46 of 46inTactical Allocation
Intraday session: flat, 1 prints from 19.54 to 19.54. Range 19.54 to 19.54. Use the arrow keys to read each point.19.0020.0020.5010 AM12 PM2 PM4 PM
Expense ratio
1.54%*
Fund size
$7M
1Y total return
+8.7%
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
517 sh
52W range
low $17.46high $20.60
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 3.50%.

The ETF.net RHTX Grade

F

Score 20 out of 100

Category
Tactical Allocation⁠
Rank
46 of 46
Six-pillar profile for RHTX. Scores out of 100: Cost 11, Risk 31, Mission 22, Tradability 5, Holdings 39, Durability 53. Strongest: Durability (53). Weakest: Tradability (5). Leans toward Durability.

Score 20 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.
    F11 out of 100
    Rank 41 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F22 out of 100
    Rank 23 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 37 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F5 out of 100
    Rank 45 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 29 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 28 of 46

Our read on RHTX

ETF.net Research

In short

FA go-anywhere allocator: it can sit anywhere from all stocks to all bonds, built from plain index ETFs and steered by the adviser's own macro and technical read. Running since 2012.

Stated mandate

The Fund seeks total return from capital appreciation and current income, with a secondary goal of downside protection. It uses tactical asset allocation across equity and fixed-income ETFs and may use alternative-investment ETFs and options for risk management.

Why people hold it

  • Can shift 0% to 100% between equity and fixed-income ETFs, with up to 20% in alternatives (REITs, commodities, long/short, global macro) used as a hedge.ncfunds.com
  • Built from mainstream index ETFs, selected on how closely they track large-cap, S&P MidCap 400 and small-cap benchmarks rather than on star-manager picks.ncfunds.com
  • Downside protection is a stated secondary goal, and the adviser may use options on ETFs and equities for risk management.ncfunds.com
  • Trading since 2012, so this tactical mandate has been live through several very different market regimes.

Worth knowing

  • Costs 1.54% net of a waiver through September 30, 2027 (3.50% gross), above the category median and above peers such as ENDW at 0.22%.
  • No index to measure it against. Results hinge on the adviser's technical and macro calls, and the mix can look nothing like a standard 60/40.ncfunds.com
  • A small, thinly traded fund, so bid-ask spreads can run wider than the category's heavily traded names.

RHTX Holdings

Holdings pillarD39 out of 100Rank 29 of 43 in Tactical Allocation
Asset class
Other
Holdings
6
Top-10 weight
100%
Largest holding
SPY46.6%

Sectors

  • Technology27.9%
  • Financials13.8%
  • Health Care11.8%
  • Industrials11.2%
  • Consumer Discretionary10.0%
  • Communication6.1%
  • Consumer Staples4.4%
  • Energy4.4%
  • Real Estate4.2%
  • Materials3.7%
  • Utilities2.5%

Geography

  • United States97.43%
  • United Kingdom0.81%
  • Ireland0.79%
  • Bermuda0.34%
  • Switzerland0.21%
  • Singapore0.11%
  • Cayman Islands0.10%
  • Netherlands0.06%
  • Other countries (8)0.16%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1SPYSPDR S&P 500 ETF Trust46.64%4,522$3.32M43
2SPMDSpdr Portfolio S&P 400 Mid Cap Etf21.56%24,331$1.54M5
3GLDSPDR Gold Shares8.65%1,656$617K8
4SLViShares Silver Trust7.79%11,846$555K8
5CashCash / Cash Equivalents7.76%552,926$553K91
6IWMIshares Russell 2000 Etf7.60%1,981$542K15

Showing 1–6 of 6 holdings

RHTX 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.
RHTX$10,874
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. RHTX $10,874. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 RHTX. Periods over one year show the average yearly return.
PeriodRHTX
Year to date+4.4%
1 month−2.3%
3 months−4.4%
1 year+8.7%
3 yearsper year+14.3%
5 yearsper year+4.2%
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 RHTX
YearReturn barRHTX
2026 YTD+4.4%
2025+15.4%
2024+18.3%
2023+7.0%
2022−19.7%
20210.0%

History from Nov 8, 2021

RHTX in the news

RHTX Dividends

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

No distributions in the last 12 months.

RHTX Risk

Risk pillarD31 out of 100Rank 37 of 46 in Tactical Allocation
How much the fund’s monthly returns vary, scaled to a year.
11.7%
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.
0.82
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.
−24.7%
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.
1.07
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.

RHTX Cost

Compare RHTX and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$22,289

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

  • RHTX 1.54%

    $26,847

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • RHTX 1.54%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530RHTX $26,847ENDW $4,558

Year by year

YearRHTXENDWOverpaying
10$2,655$401$2,254
20$9,740$1,561$8,179
30$26,847$4,558$22,289
How the 1.54% is worked out

Full fee 3.50%− waiver 1.96%= you pay 1.54%

The waiver ends Sep 30, 2027. After that the fee is 3.50% unless Adaptive ETFs renews it. Source: prospectus, Sep 2026.

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