---
ticker: "VPX"
name: "Variant Perception Cycle Aware US Equity ETF"
url: "https://etf.net/etf/VPX"
grade: "C"
score: 52
graded_at: "2026-10-12"
category: "US Active Equity"
category_rank: "59 of 127"
methodology: "https://etf.net/methodology"
---

# VPX: Variant Perception Cycle Aware US Equity ETF

Grade **C**, Score 52 of 100. Rank 59 of 127 in US Active Equity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 40 | 73 of 127 |
| Mission | Not scored | — |
| Risk | 80 | 8 of 126 |
| Tradability | 37 | 91 of 127 |
| Holdings | 84 | 11 of 124 |
| Durability | 36 | 105 of 127 |

## Top holdings

The fund holds 138 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | AVGO | Broadcom Inc | 4.93% |
| 2 | NVDA | NVIDIA Corp | 4.88% |
| 3 | XOM | ExxonMobil Holdings Corp | 4.62% |
| 4 | GOOGL | Alphabet Inc | 4.23% |
| 5 | CVX | Chevron Corp | 3.09% |
| 6 | AMD | Advanced Micro Devices Inc | 3.07% |
| 7 | META | Meta Platforms Inc | 2.83% |
| 8 | MU | Micron Technology Inc | 2.59% |
| 9 | JPM | JPMorgan Chase & Co. | 2.57% |
| 10 | COP | ConocoPhillips | 2.00% |
| 11 | V | Visa Inc | 1.99% |
| 12 | CAT | Caterpillar Inc | 1.93% |
| 13 | GEV | GE Vernova Inc | 1.84% |
| 14 | MA | Mastercard Inc | 1.58% |
| 15 | PSX | Phillips 66 | 1.38% |
| 16 | AMZN | Amazon.com Inc | 1.29% |
| 17 | CSCO | Cisco Systems Inc | 1.23% |
| 18 | NFLX | Netflix Inc | 1.19% |
| 19 | LIN | Linde PLC | 1.16% |
| 20 | LRCX | Lam Research Corp | 1.13% |
| 21 | AMAT | Applied Materials Inc | 1.12% |
| 22 | BAC | Bank of America Corp | 1.12% |
| 23 | DELL | Dell Technologies Inc | 1.09% |
| 24 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | 1.06% |
| 25 | SCHW | Charles Schwab Corp/The | 1.03% |
| 26 | MPC | Marathon Petroleum Corp | 1.03% |
| 27 | COF | Capital One Financial Corp | 1.01% |
| 28 | EOG | EOG Resources Inc | 0.96% |
| 29 | UBER | Uber Technologies Inc | 0.96% |
| 30 | MS | Morgan Stanley | 0.87% |

Source: etf.net, https://etf.net/etf/VPX. Please cite the page URL.