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Launched · SEC filings

Strategy Shares Newfound/ReSolve Robust Momentum ETF

ROMOCboeStrategy SharesD

$33.34−0.12 (−0.35%)

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

D32/ 100

Rank 15 of 20 in Trend-Following / Tactical Index

D32/100Rank 15 of 20inTrend-Following / Tactical Index
Intraday session: down, 78 prints from 33.45 to 33.34. Range 33.34 to 33.80. Use the arrow keys to read each point.33.4033.6033.7033.8010 AM12 PM2 PM4 PM
Expense ratio
0.92%*
Fund size
$25M
1Y total return
+6.0%
Yield · Last 12 months
8.42%
Holdings
6
Avg volume · 30D
2.23K sh
52W range
low $30.46high $35.13
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2027. Without it: 1.29%.

The ETF.net ROMO Grade

Based on 5 of 6 pillars

D

Score 32 out of 100

Category
Trend-Following / Tactical Index⁠
Rank
15 of 20
Six-pillar profile for ROMO. Scores out of 100: Cost 16, Risk 60, Mission not scored, Tradability 36, Holdings 39, Durability 24. Strongest: Risk (60). Weakest: Cost (16). Based on 5 of 6 pillars.

Score 32 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.
    F16 out of 100
    Rank 17 of 20

  • 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.
    B60 out of 100
    Rank 9 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D36 out of 100
    Rank 14 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 15 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F24 out of 100
    Rank 18 of 20

Our read on ROMO

ETF.net Research

In short

DMost trend funds flip one switch on one moving average. ROMO's index lets a crowd of simple momentum and trend models vote, then shifts weekly in small steps, rotating among US, developed and emerging market equity ETFs or Treasuries as the votes change.

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

  • No single moving average calls the shot: many simple momentum and trend models vote, and each holding's weight tracks its share of the votes.solactive.comthinknewfound.com
  • Signals come from four momentum calculations run across lookbacks from roughly one month to 18 months, so one parameter choice does not drive the portfolio.thinknewfound.com
  • Signals update weekly but are only partly implemented, so the equity dial turns in increments instead of flipping all in or all out.thinknewfound.comsolactive.com
  • The map is global: US, developed international and emerging market equity ETFs, with US Treasury ETFs when equity trends go negative. Live since 2019.solactive.com

Worth knowing

  • Costs 0.92% net of a waiver through August 31, 2027 (1.29% gross), above the category median across 20 funds. Trend peers WAMA (0.32%) and ONOF (0.39%) charge less.
  • Gradual moves cut both ways: the index can stay partly invested through a selloff and partly defensive into a rebound.thinknewfound.comsolactive.com
  • A small fund that trades lightly, so spreads and premium or discount gaps can run wider than at the category's heavyweights. It also owns ETFs, layering fund costs.sec.gov

ROMO Performance

Launched Nov 1, 2019

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.
ROMO$10,596
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. ROMO $10,596. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 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 ROMO. Periods over one year show the average yearly return.
PeriodROMO
Year to date+5.3%
1 month−2.1%
3 months−1.4%
1 year+6.0%
3 yearsper year+15.1%
5 yearsper year+5.3%
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 ROMO
YearReturn barROMO
2026 YTD+5.3%
2025+9.3%
2024+20.7%
2023+11.1%
2022−18.9%
2021+21.4%
2020−3.5%

ROMO in the news

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 Oct 30, 2026.
8.42%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

$10,000 in ROMO 5 years ago paid $1,353 in dividends.

ROMO Risk

Risk pillarB60 out of 100Rank 9 of 20 in Trend-Following / Tactical Index
How much the fund’s monthly returns vary, scaled to a year.
10.4%
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.
0.99
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.
−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.

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

ROMO Cost

Compare ROMO and WAMA

Overpaying vs WAMA, cheapest in Trend-Following / Tactical Index

$10,636

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

  • ROMO 0.92%

    $17,373

  • WAMA 0.33% Cheapest

    $6,737

$10,000
30 years

Cost over time

  • ROMO 0.92%
  • WAMA 0.33%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ROMO $17,373WAMA $6,737

Year by year

YearROMOWAMAOverpaying
10$1,627$598$1,029
20$6,138$2,318$3,820
30$17,373$6,737$10,636
How the 0.92% is worked out

Full fee 1.29%− waiver 0.37%= you pay 0.92%

The waiver ends Aug 31, 2027. After that the fee is 1.29% unless Strategy Shares renews it. Source: prospectus, Aug 2026.

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