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Launched

Trenchless Fund ETF

RVERNYSE ArcaRiver1 Asset ManagementD

$32.71−0.42 (−1.28%)

As of Nov 2, 2026, 3:31 PM ET

D39/ 100

Rank 86 of 126 in US Active Equity

D39/100Rank 86 of 126inUS Active Equity
Intraday session: down, 69 prints from 33.13 to 32.71. Range 32.71 to 33.66. Use the arrow keys to read each point.33.0033.4033.6010 AM12 PM2 PM4 PM
Expense ratio
0.66%
Fund size
$128M
1Y total return
+2.1%
Yield · Last 12 months
No data
Holdings
16
Avg volume · 30D
8.54K sh
52W range
low $26.34high $39.45
Launched

The ETF.net RVER Grade

Based on 5 of 6 pillars

D

Score 39 out of 100

Category
US Active Equity⁠
Rank
86 of 126
Six-pillar profile for RVER. Scores out of 100: Cost 52, Risk 11, Mission not scored, Tradability 40, Holdings 38, Durability 43. Strongest: Cost (52). Weakest: Risk (11). Based on 5 of 6 pillars.

Score 39 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.
    C52 out of 100
    Rank 59 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.
    F11 out of 100
    Rank 122 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 79 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 98 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 85 of 126

Our read on RVER

ETF.net Research

In short

DA 12-to-30 stock picker in an ETF wrapper: River1 hunts U.S. listed names it rates as having an above-average chance of outperforming the S&P 500, and charges 0.66% to do it. Non-diversified, so individual holdings carry real weight.

Stated mandate

The Fund seeks capital appreciation. The available current prospectus evidence does not establish a sufficiently specific underlying, geography, sector, factor screen, or strategy descriptor for a supplied cohort.

Why people hold it

  • Genuinely active, not closet indexing. The book typically runs 12 to 30 stocks, so each pick actually moves the fund rather than getting buried in an index.stockanalysis.comsec.gov
  • The mandate is wide open: any U.S. listed equity qualifies, including preferred shares, ADRs and REITs, at any market cap.sec.gov
  • Growth at a reasonable price is the stated discipline, and management lays out its reasoning in plain language in the annual shareholder report.sec.gov
  • At 0.66% with no waiver propping it up, the fee sits near the typical active U.S. equity ETF. The sticker price is the real price.

Worth knowing

  • Concentration cuts both ways. Non-diversified status lets a handful of names dominate the portfolio, so one stumble shows up quickly in the price.sec.gov
  • Thinly traded next to the category's giants, so spreads can be wider and order size matters more.
  • You are paying 0.66% for human discretion, not a rulebook. Category leaders built on systematic models, such as DFAU at 0.12%, cost far less.

RVER Performance

Launched Apr 3, 2024

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.Not enough history yet.
RVER$10,209
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. RVER $10,209. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$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 RVER. Periods over one year show the average yearly return.
PeriodRVER
Year to date+7.3%
1 month−8.7%
3 months−1.6%
1 year+2.1%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
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 RVER
YearReturn barRVER
2026 YTD+7.3%
2025+5.7%
2024+17.7%

Since listing, Apr 3, 2024

RVER in the news

RVER Dividends

Last payment
$0.53 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 17, 2025 $0.53. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 18, 2025$0.53

$10,000 in RVER 1 year ago paid $160 in dividends.

RVER Risk

Risk pillarF11 out of 100Rank 122 of 126 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
21.7%
Annualised · 30 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.
0.53
vs 3-month T-bills · 30 months 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.
−26.2%
30 months · trough Apr 2025
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.
1.47
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.

RVER Cost

Compare RVER and TACU

Overpaying vs TACU, cheapest in US Active Equity

$12,896

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

  • RVER 0.66%

    $12,896

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • RVER 0.66%
  • 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$15K051015202530RVER $12,896TACU $0

Year by year

YearRVERTACUOverpaying
10$1,180$0$1,180
20$4,504$0$4,504
30$12,896$0$12,896

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