Skip to content
etf.net

ROMO

GradeFChicago Board Options Exchange

Strategy Shares Newfound/ReSolve Robust Momentum ETF

Major Indexes · Strategy Shares · Inception 2019-11-01 · SEC filings

$34.45−0.38 (−1.10%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 58 prints from 34.83 to 34.45. Range 34.34 to 34.62. Use the arrow keys to read each point.$34.40$34.50$34.6010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$27M
1Y return
+12.8%
Yield · Last 12 months
8.08%
Holdings
5
Volume · 30D
0M sh
NAV per share
$34.76
52W range
low $30.46high $35.13

The ETF.net ROMO Grade

F

21/ 100

Rank 19 of 20 in Trend-Following / Tactical Index⁠

Confidence Medium

Six-pillar profile for ROMO. Scores out of 100: Cost 5, Risk 56, Mission not scored, Tradability 5, Holdings 40, Durability 24. Strongest: Risk (56). Weakest: Tradability (5). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 21 of 100 sits in the F 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.
    FScore 5
    Category rank19/20 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 56
    Category rank9/20 · top 45%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 5
    Category rank19/20 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 40
    Category rank14/20 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 24
    Category rank18/20 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ROMO

ETF.net Research

FA quant strategy wearing an index badge: ROMO passively tracks a momentum benchmark built by Newfound and ReSolve, spanning US, developed international and emerging market equities.

Stated mandate

The Fund seeks pre-fee, pre-expense returns corresponding to the Newfound/ReSolve Robust Equity Momentum Index. It uses passive indexing to track that index.

Why people hold it

  1. 01Rules, not hunches: it tracks the Newfound/ReSolve Robust Equity Momentum Index, so the momentum screen is written down rather than left to a manager's call.
  2. 02One ticker reaches three equity zones: US, developed international and emerging markets.
  3. 03Live since 2019, so the strategy has run in real markets rather than only in a backtest.

Worth knowing

  1. 01Cost is the headline trade-off: 1.05% a year, more than double the typical index tracker in its group and well above plain-vanilla giants like VT at 0.06%.
  2. 02A small fund that trades lightly, which usually means wider bid-ask spreads than household-name index funds.
  3. 03Distributions land annually or semiannually, so it isn't structured as a regular income stream.

ROMO Holdings

As of Sep 20, 2026, 9:24 AM
Asset class
Other
Holdings
5
Top-10 weight
100%
Largest holding
IVV45.9%

Sectors

  • Technology26.2%
  • Financials17.9%
  • Industrials13.1%
  • Health Care9.2%
  • Consumer Discr.8.8%
  • Communication7.2%
  • Cons. Staples5.2%
  • Materials4.2%
  • Energy3.5%
  • Utilities2.6%
  • Real Estate2.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVISHARES CORE S&P 500 ETF45.92%15,862$12M54
002IEFAISHARES CORE MSCI EAFE ET45.43%122,507$12M10
003IEMGISHARES CORE MSCI EMERGIN7.59%24,563$2M13
004SHYISHARES 1-3 YEAR TREASURY0.54%1,771$144K7
005—CASH AND CASH EQUIVALENTS0.51%134,370$134K120

Showing 1–5 of 5 holdings

ROMO Performance

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

ROMO$11,275
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ROMO $11,275. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 ROMO. Periods over one year show the average yearly return.
PeriodROMO
Year to date+9.8%
1 month+0.2%
3 months+3.4%
1 year+12.8%
3 years+16.0%per year
5 years+7.0%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 ROMO
YearReturn barROMO
2026 YTD+9.8%
2025+9.3%
2024+20.7%
2023+11.1%
2022−18.9%
2021+21.4%
2020−3.5%

ROMO in the news

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

ROMO 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.
8.08%Last 12 months
Payout per share
$2.82Last 12 months
Last payment
$2.82 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2019–2026

One bar per payment. 7 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.15; Dec 29, 2020 $0.24; Dec 29, 2021 $0.17; Dec 28, 2022 $0.19; Dec 27, 2023 $0.64; Dec 27, 2024 $0.24; Dec 29, 2025 $2.82. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 30, 2025$2.82
Dec 27, 2024Dec 30, 2024$0.24
Dec 27, 2023Dec 29, 2023$0.64
Dec 28, 2022Dec 30, 2022$0.19
Dec 29, 2021Dec 31, 2021$0.17
Dec 29, 2020Dec 31, 2020$0.24
Dec 27, 2019Dec 31, 2019$0.15

ROMO Risk

How much the fund’s monthly returns vary, scaled to a year.
10.6%
Annualised · 36 months to Aug 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.
0.91
vs 3-month T-bills · to Aug 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.
−20.3%
Trough Nov 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.
1.04
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.

ROMO Cost

Expense ratio1.05%
  • The middle half of Trend-Following / Tactical Index funds
  • Median 0.60%

18 of the 20 Trend-Following / Tactical Index funds charge less.

ROMO costs $105.00 a year on $10,000. The median Trend-Following / Tactical Index fund costs $60.00.