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XCHG

GradeBNew York Stock Exchange Arca

Ab US Equity ETF

Active Equity · Alliance Bernstein · Inception 2025-12-12

$27.63−0.00 (−0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Dec 17, 2025.History starts Dec 17, 2025.
Intraday session: up, 17 prints from 27.17 to 27.63. Range 27.17 to 27.68. Use the arrow keys to read each point.$27.20$27.40Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.50%
Fund size
$720M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
584
Volume · 30D
0M sh
NAV per share
$27.62
52W range
low $23.02high $27.98

The ETF.net XCHG Grade

B

60/ 100

Rank 42 of 127 in US Active Equity⁠

Confidence High

Six-pillar profile for XCHG. Scores out of 100: Cost 68, Risk 59, Mission 76, Tradability 42, Holdings 66, Durability 66. Strongest: Mission (76). Weakest: Tradability (42). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 60 of 100 sits in the B 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.
    BScore 68
    Category rank44/127 · top 35%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 76
    Category rank24/48 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank47/126 · top 37%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank75/127 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 66
    Category rank49/124 · top 40%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank42/127 · top 33%

Graded as of Sep 22, 2026

Our read on XCHG

ETF.net Research

BThe ticker is the tell. XCHG was seeded through a Section 351 exchange, the mechanism for folding appreciated stock into a new fund, then run as an actively managed, S&P 500-benchmarked portfolio of US mid- and large-caps.

Stated mandate

The fund seeks long-term growth of capital and income by investing primarily in U.S. mid- and large-capitalization companies. Its approach combines fundamental and quantitative research and aims to outperform over market cycles.

Why people hold it

  1. 010.50% a year versus a 0.65% median for active US equity funds. An active mandate at a below-average sticker price.
  2. 02Roughly 600 holdings measured against the S&P 500. A broad core sleeve, not a concentrated bet on a dozen convictions.
  3. 03Built with Bernstein Private Wealth Management and launched into an AB ETF lineup already more than 20 funds deep. Pays quarterly.prnewswire.com
  4. 04The process blends fundamental and quantitative research across US mid- and large-caps, aiming at growth of capital and income over full market cycles.

Worth knowing

  1. 01Thinly traded. Spreads can run wider than on mega-liquid index funds, and size orders may need more patience.
  2. 02Launched in December 2025, so there is no multi-cycle record for this strategy in ETF form yet.
  3. 03Other active funds benchmarked to the same index charge less, including FELC at 0.18% and PQUS at 0.22%.

XCHG Holdings

As of Sep 20, 2026, 7:29 AM
Asset class
Stocks
Holdings
584
Top-10 weight
41%
Largest holding
NVDA8.2%

Geography

  • United States92.35%
  • Ireland3.07%
  • Taiwan (Province of China)1.68%
  • Netherlands1.54%
  • United Kingdom0.63%
  • Bermuda0.33%
  • Switzerland0.26%
  • Canada0.14%
The fund’s holdings, weight-ordered — page 1 of 39.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA CORP COMMON STOCK USD.0018.19%264,591$58M828
002MSFTMICROSOFT CORP COMMON STOCK USD.000006256.38%90,796$45M792
003AAPLAPPLE INC COMMON STOCK USD.000015.66%119,074$40M707
004AMZNAMAZON.COM INC COMMON STOCK USD.014.63%130,712$33M720
005GOOGALPHABET INC CL C COMMON STOCK USD.0013.59%74,066$25M471
006METAMETA PLATFORMS INC CLASS A COMMON STOCK USD.0000063.00%31,154$21M683
007AVGOBROADCOM INC COMMON STOCK2.91%59,379$21M732
008VVISA INC CLASS A SHARES COMMON STOCK USD.00012.85%54,621$20M550
009GOOGLALPHABET INC CL A COMMON STOCK USD.0012.26%46,056$16M704
010TSMTAIWAN SEMICONDUCTOR SP ADR ADR1.68%27,699$12M268
011TMOTHERMO FISHER SCIENTIFIC INC COMMON STOCK USD1.01.57%16,916$11M369
012SCHWSCHWAB (CHARLES) CORP COMMON STOCK USD.011.55%105,115$11M385
013UNHUNITEDHEALTH GROUP INC COMMON STOCK USD.011.46%27,494$10M474
014MRKMERCK + CO. INC. COMMON STOCK USD.51.41%67,962$10M506
015—EATON CORP PLC COMMON STOCK USD.011.33%23,087$9M4

Showing 1–15 of 579 holdings

XCHG Performance

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

XCHG$11,087
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. XCHG $11,087. SPY $11,430. Use the arrow keys to read each point.$9,065$10,355$11,646Dec 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 XCHG. Periods over one year show the average yearly return.
PeriodXCHG
Year to date+10.9%
1 month+0.6%
3 months+4.9%
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 XCHG
YearReturn barXCHG
2026 YTD+10.9%
2025+1.6%

History from Dec 17, 2025

XCHG in the news

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

XCHG 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. 4 payments from 2025 to 2026 YTD. Dec 31, 2025 $0.01; Mar 20, 2026 $0.05; Jun 22, 2026 $0.04; Sep 18, 2026 $0.04. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 21, 2026$0.04
Jun 22, 2026Jun 23, 2026$0.04
Mar 20, 2026Mar 23, 2026$0.05
Dec 31, 2025Jan 2, 2026$0.01

XCHG 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.
0.91
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.

XCHG Cost

Expense ratio0.50%
  • The middle half of US Active Equity funds
  • Median 0.70%

40 of the 124 US Active Equity funds charge less.

XCHG costs $50.00 a year on $10,000. The median US Active Equity fund costs $70.00.