Skip to content
etf.net

Launched · SEC filings

Strategy Shares Newfound/ReSolve Robust Momentum ETF

ROMOCboeD

$34.47+0.02 (+0.06%)

As of Oct 13, 2026, 3:59 PM

D28/ 100

Rank 17 of 20 in Trend-Following / Tactical Index

D28/100Rank 17 of 20inTrend-Following / Tactical Index
Intraday session: up, 69 prints from 34.44 to 34.47. Range 34.30 to 34.49. Use the arrow keys to read each point.34.3034.3534.4034.5010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$26M
1Y total return
+13.6%
Yield · Last 12 months
8.18%
Holdings
5
Avg volume · 30D
0M sh
NAV per share
$34.52
52W range
low $30.46high $35.13
Launched
Filings
SEC EDGAR

The ETF.net ROMO Grade

Based on 5 of 6 pillars

D

Score 28 out of 100

Category
Trend-Following / Tactical Index⁠
Rank
17 of 20
Six-pillar profile for ROMO. Scores out of 100: Cost 5, Risk 56, Mission not scored, Tradability 42, Holdings 38, Durability 24. Strongest: Risk (56). Weakest: Cost (5). Based on 5 of 6 pillars.

Score 28 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.
    F5 out of 100
    Rank 19 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.
    B56 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.
    C42 out of 100
    Rank 12 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 16 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

DA 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 Oct 12, 2026
Asset class
Other
Holdings
5
Top-10 weight
100%
Largest holding
IVV66.3%

Sectors

  • Technology30.8%
  • Financials16.1%
  • Industrials11.6%
  • Health Care8.9%
  • Consumer Discretionary8.4%
  • Communication7.8%
  • Consumer Staples4.8%
  • Materials3.6%
  • Energy3.6%
  • Utilities2.4%
  • Real Estate2.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVIshares Core S&P 500 Etf66.32%21,975$17M57
002IEFAIshares Core Msci Eafe Et24.06%64,575$6M12
003IEMGIshares Core Msci Emergin7.28%23,175$2M19
004SHYIshares 1-3 Year Treasury2.07%6,600$536K8
005—Cash and Cash Equivalents0.27%71,066$71K124

Showing 1–5 of 5 holdings

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$11,359
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ROMO $11,359. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for ROMO. Periods over one year show the average yearly return.
PeriodROMO
Year to date+8.5%
1 month−0.3%
3 months+1.3%
1 year+13.6%
3 yearsper year+15.4%
5 yearsper year+7.0%
10 yearsFund is under 10 years oldper 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+8.5%
2025+9.3%
2024+20.7%
2023+11.1%
2022−18.9%
2021+21.4%
2020−3.5%

ROMO in the news

Filtered to ROMO · Trend-Following / Tactical Index

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 12, 2026.
8.18%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.
10.3%
Annualised · 36 months to Sep 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.
1.03
vs 3-month T-bills · to Sep 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.

Other funds in Trend-Following / Tactical Index

See others