Skip to content
etf.net

USEW

GradeDChicago Board Options Exchange

Cambria US EW ETF

Factor & Screened Index · Cambria Funds · Inception 2025-12-18

$56.10−0.33 (−0.59%)

As of Sep 23, 2026, 12:00 PM EDT

History starts Dec 19, 2025.History starts Dec 19, 2025.
Intraday session: down, 2 prints from 56.43 to 56.10. Range 56.10 to 56.43. Use the arrow keys to read each point.$56.20$56.30$56.4010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$191M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
427
Volume · 30D
0M sh
NAV per share
$56.43
52W range
low $47.70high $57.73

The ETF.net USEW Grade

D

30/ 100

Rank 9 of 9 in US Equal Weight⁠

Confidence Low

Six-pillar profile for USEW. Scores out of 100: Cost 26, Risk 44, Mission not scored, Tradability 8, Holdings 54, Durability 37. Strongest: Holdings (54). Weakest: Tradability (8). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 30 of 100 sits in the D 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.
    DScore 26
    Category rank8/9 · 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.
    CScore 44
    Category rank6/9 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 8
    Category rank9/9 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 54
    Category rank6/9 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    Category rank7/9 · bottom quartile

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

Our read on USEW

ETF.net Research

DCambria's swing at equal weight: roughly 400 US stocks, each given a comparable slot, with plain capital appreciation as the stated goal. A boutique newcomer in a corner of the market ruled by cheap index giants.

Stated mandate

The Fund seeks capital appreciation.

Why people hold it

  1. 01Equal weighting means the smallest name in the book gets a slot comparable to the largest, so mega-cap concentration is diluted instead of inherited.
  2. 02About 400 holdings, so no single story stock carries the fund.
  3. 03The mandate is written down: at least 80% of net assets plus borrowings in US company securities, inside a standard 1940 Act fund wrapper.
  4. 04Distributions run on a quarterly cadence, and the objective is refreshingly unfussy: capital appreciation.

Worth knowing

  1. 01At 0.30% a year it sits above the 0.20% typical of equal-weight peers, and well above the 0.09% charged by GSEW and EUSA.
  2. 02It trades lightly next to the category's heavyweights, so the spread you pay can matter more than the expense ratio.
  3. 03Launched in December 2025, so there is no long record here yet, and no full market cycle to judge the approach against.

USEW Holdings

As of Sep 20, 2026, 6:38 AM
Asset class
Stocks
Holdings
427
Top-10 weight
22%
Largest holding
SPLV6.0%

Geography

  • United States96.10%
  • Ireland1.81%
  • Singapore0.73%
  • Bermuda0.31%
  • Canada0.29%
  • Switzerland0.21%
  • United Kingdom0.19%
  • Sweden0.19%
  • Other countries (1)0.17%
The fund’s holdings, weight-ordered — page 1 of 29.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPLVInvesco S&P 500 Low Volatility ETF6.02%157,367$11M3
002SPYState Street SPDR S&P 500 ETF Trust2.05%5,086$4M38
003FVALFidelity Value Factor ETF2.04%47,106$4M1
004IWDiShares Russell 1000 Value ETF2.02%15,172$4M7
005RSPInvesco S&P 500 Equal Weight ETF1.79%16,056$3M13
006AAPLApple Inc1.78%10,029$3M707
007MDYVState Street SPDR S&P 400 Mid Cap Value ETF1.78%36,965$3M1
008VOOVanguard S&P 500 ETF1.54%4,146$3M57
009BRK-BBerkshire Hathaway Inc1.46%5,430$3M359
010VTVVanguard Morningstar Value ETF1.30%11,102$2M19
011MSFTMicrosoft Corp1.21%4,632$2M792
012NVDANVIDIA Corp1.10%9,354$2M828
013JPMJPMORGAN CHASE & CO.1.09%5,925$2M478
014NOBLProShares S&P 500 Dividend Aristocrats ETF1.06%35,904$2M4
015VTIVanguard Morningstar Total Stock Market ETF1.02%5,150$2M15

Showing 1–15 of 428 holdings

USEW Performance

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

USEW$11,169
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. USEW $11,169. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 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 USEW. Periods over one year show the average yearly return.
PeriodUSEW
Year to date+11.7%
1 month−0.9%
3 months+1.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—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 USEW
YearReturn barUSEW
2026 YTD+11.7%
2025+0.1%

History from Dec 19, 2025

USEW in the news

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

USEW 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.06; Mar 30, 2026 $0.21; Jun 29, 2026 $0.04. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.04
Mar 30, 2026Mar 31, 2026$0.21
Dec 30, 2025Dec 31, 2025$0.06

USEW Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
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.
—
Launched Dec 2025; fills in after 12 months
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.
—
Launched Dec 2025; fills in after 12 months
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.
0.81
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.

USEW Cost

Expense ratio0.30%
  • The middle half of US Equal Weight funds
  • Median 0.20%

6 of the 9 US Equal Weight funds charge less.

USEW costs $30.00 a year on $10,000. The median US Equal Weight fund costs $20.00.