Large Cap Ex-Mag 7 ETF
$25.76−0.12 (−0.46%)
- 0.35%
- $200M
- +19.2%
- 0.45%
- 0.1M sh
- $25.90
- low $21.57high $26.92
The ETF.net XMAG Grade
B
Score 60 out of 100
- 15 of 29
Score 60 of 100 falls in the B 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.D34 out of 100Rank 19 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 12 of 22Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 5 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 15 of 29Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 3 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 15 of 29
Our read on XMAG
BThe large-cap 500 with the seven biggest names cut out. Defiance built XMAG for investors who want broad US exposure without Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla setting the tone.
The Fund seeks to track, before fees and expenses, the performance of the BITA US 500 ex-Magnificent 7 Index.
Why people hold it
- Does in one ticker what used to take manual workarounds: roughly 500 large US companies with the Magnificent 7 screened out by index rule.defianceetfs.com
- Defiance launched it in 2024 as the first ETF built around S&P 500-style exposure minus the Mag 7, and it remains the recognizable name in that niche.defianceetfs.com
- Rules-based plumbing: free-float market-cap weights, quarterly rebalances, and tracking that has stayed close to the index.defianceetfs.com
Worth knowing
- At 0.35% a year it runs well above the roughly 0.14% typical of large-cap peers, and cheap core options like SCHX and VV charge 0.03%.
- Leaving out the seven largest companies is a real stance: when megacap tech drives the market, this portfolio simply is not in that part of it.defianceetfs.com
- A 2024 launch means a short live record, and the asset base is modest next to the index giants it sits beside.
XMAG Holdings
- Stocks
- 494
- 19%
- AVGO
Sectors
- Technology28.5%
- Financials17.0%
- Health Care14.6%
- Industrials11.7%
- Consumer Staples6.8%
- Energy5.5%
- Consumer Discretionary5.1%
- Communication3.3%
- Utilities2.8%
- Real Estate2.5%
- Materials2.4%
Geography
- United States96.26%
- Ireland1.68%
- United Kingdom0.78%
- Switzerland0.45%
- Singapore0.44%
- Sweden0.17%
- Cayman Islands0.08%
- Australia0.07%
- 0.07%
XMAG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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XMAG$11,921
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.
| Period | XMAG |
|---|---|
| Year to date | +14.7% |
| 1 month | +0.7% |
| 3 months | +0.3% |
| 1 year | +19.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XMAG |
|---|---|---|
| 2026 YTD | +14.7% | |
| 2025 | +15.6% | |
| 2024 | −1.1% |
XMAG in the news
First-Year Review
JEDI crossed $200 million after taking a Shield AI stake
XMAG Dividends
- 0.45%
- $0.12
- $0.12 per share
- Irregular
Distribution history
XMAG Risk
- 12.1%
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.
- 0.89
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.
- −16.2%
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.
- 0.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XMAG Cost
0.35%
XMAG0.35%
- The middle half of US Large-Cap funds
- Median 0.20%
17 of the 28 US Large-Cap funds charge less.
Other funds in US Large-Cap
- BXOEFiShares S&P 500 ex S&P 100 ETFExpense ratio 0.20%1 year return +20.2%
- BFEXFirst Trust Large Cap Core AlphaDEX FundExpense ratio 0.57%1 year return +20.7%
- BDSPYTema S&P 500 Historical Weight ETF StrategyExpense ratio 0.18%1 year return +20.8%
- CBLUCBluemonte Large Cap Core ETFExpense ratio 0.28%1 year return +19.1%
- CINFOHarbor PanAgora Dynamic Large Cap Core ETFExpense ratio 0.35%1 year return +23.3%