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XOVR

GradeBNASDAQ Global Market

ERShares Private-Public Crossover ETF

Themes · ER Shares · Inception 2017-11-07

$21.32−0.38 (−1.73%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Aug 5, 2024.
Intraday session: down, 59 prints from 21.70 to 21.32. Range 21.29 to 21.55. Use the arrow keys to read each point.$21.40$21.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$1.5B
1Y return
+1.4%
Yield · Last 12 months
0.00%
Holdings
33
Volume · 30D
4.2M sh
NAV per share
$21.75
52W range
low $16.37high $21.78

The ETF.net XOVR Grade

B

59/ 100

Rank 4 of 12 in Listed Private Markets⁠

Confidence Low

Six-pillar profile for XOVR. Scores out of 100: Cost 77, Risk 38, Mission not scored, Tradability 60, Holdings 36, Durability 70. Strongest: Cost (77). Weakest: Holdings (36). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 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.
    AScore 77
    Category rank3/12 · top 25%

  • 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.
    DScore 38
    Category rank10/12 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 60
    Category rank5/12 · top 42%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank9/11 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 70
    Category rank4/12 · top 33%

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

Our read on XOVR

ETF.net Research

BPre-IPO investing usually starts with an accredited-investor checkbox. XOVR skips it: a 1940 Act ETF pairing about 30 US growth stocks with a private-company sleeve held through a special purpose vehicle, traded like any stock.

Stated mandate

The fund seeks long-term capital appreciation through a broader crossover strategy combining public equities with select private-company exposure.

Why people hold it

  1. 01Uses the illiquid-asset room most ETFs leave on the table: roughly 85% index portfolio, up to about 15% private stakes via an SPV marked into daily NAV. No accreditation, no minimum, no capital calls.entrepreneurshares.comentrepreneurshares.com
  2. 020.75% a year, and the private-sleeve SPV adds no management fee and no carried interest on top. That lands well under the typical fee in the listed-private-markets group.entrepreneurshares.com
  3. 03Trades actively for such a niche product, so entering and exiting is cheap. That matters more than usual when a slice of the portfolio does not trade at all.
  4. 04One of the stronger builds in a young, thin peer group of listed private-markets funds.

Worth knowing

  1. 01The private sleeve is priced by a valuation policy, not a live market. Marks can move in steps, and an eventual exit may settle somewhere different.entrepreneurshares.com
  2. 02About 30 public names plus a concentrated private position means single companies drive the outcome. It sits at the higher-risk end of its cohort.
  3. 03Today's strategy dates to an August 2024 restructuring of an earlier ERShares fund, so longer charts reflect different plumbing. It has not been an income payer.entrepreneurshares.com

XOVR Holdings

As of Sep 20, 2026, 10:14 AM
Asset class
Stocks
Holdings
33
Top-10 weight
62%
Largest holding
SPV Exposure to SpaceX LP23.0%

Sectors

  • Technology36.9%
  • Communication23.3%
  • Health Care22.0%
  • Financials10.2%
  • Consumer Discr.6.1%
  • Industrials1.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPV Exposure to SpaceX LP23.00%0$347M1
002NVDANVIDIA Corp.9.42%638,296$142M828
003GOOGLAlphabet Inc. Class A5.97%257,269$90M704
004METAMeta Platforms Inc. Class A4.41%99,856$66M683
005HOODRobinhood Markets Inc. Class A3.62%454,804$54M331
006VEEVVeeva Systems Inc. Class A3.38%195,598$51M314
007FTNTFortinet Inc.3.18%282,161$48M465
008DASHDoorDash Inc. Class A2.92%228,330$44M339
009ANETArista Networks Inc.2.91%219,774$44M490
010RDDTReddit Inc. Class A2.81%280,460$42M286
011NTRANatera Inc.2.68%109,385$40M223
012ROKURoku Inc.2.54%249,033$38M158
013APPAppLovin Corp. Class A2.38%116,608$36M407
014AFRMAffirm Holdings Inc.2.30%485,685$35M169
015GMEDGlobus Medical Inc. Class A2.14%434,963$32M159

Showing 1–15 of 33 holdings

XOVR Performance

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

XOVR$10,145
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. XOVR $10,145. SPY $11,723. Use the arrow keys to read each point.$7,355$9,721$12,088Sep 2025Mar 2026Sep 2026

Sep 22, 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 XOVR. Periods over one year show the average yearly return.
PeriodXOVR
Year to date+7.7%
1 month+6.6%
3 months+9.4%
1 year+1.4%
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—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 XOVR
YearReturn barXOVR
2026 YTD+7.7%
2025+11.8%
2024+27.4%

History from Aug 5, 2024

XOVR in the news

XOVR 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.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2021

One bar per payment. 5 payments from 2017 to 2021. Dec 22, 2017 $0.01; Dec 18, 2018 $0.52; Dec 19, 2019 $0.01; Dec 21, 2020 $1.65; Dec 21, 2021 $8.73. Use the arrow keys to read each point.20172018201920202021
Ex-datePay dateAmount per share
Dec 21, 2021Dec 28, 2021$8.73
Dec 21, 2020Dec 23, 2020$1.65
Dec 19, 2019Dec 23, 2019$0.01
Dec 18, 2018Dec 20, 2018$0.52
Dec 22, 2017Dec 28, 2017$0.01

XOVR Risk

How much the fund’s monthly returns vary, scaled to a year.
24.4%
Annualised · 24 months to Aug 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.
0.56
vs 3-month T-bills · 24 months to Aug 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.
−25.2%
25 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.
1.21
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.

XOVR Cost

Expense ratio0.75%
  • The middle half of Listed Private Markets funds
  • Median 0.95%

2 of the 11 Listed Private Markets funds charge less.

XOVR costs $75.00 a year on $10,000. The median Listed Private Markets fund costs $95.00.