BLUI vs XRLX: Grades, Fees and Holdings Compared

Bluemonte Diversified Income ETF

BLUICNYSE Arca

FundX Investment Conservative ETF

XRLXCNYSE Arca

Overlap

0.1%by weight

Expense ratio

BLUI −0.53pt a year

BLUI0.67%XRLX1.20%

Avg volume · 30D

BLUI 9.6×the volume

BLUI15.7KXRLX1.64K

BLUI vs XRLX Performance

Oct 31, 2025 – Nov 2, 2026

+4.1%BLUI+4.1%XRLX

Expense ratio: BLUI 0.67%, better; XRLX 1.20%
Fund size: BLUI $121M; XRLX $45M
1Y total return: BLUI +4.1%; XRLX +4.1%
Yield (12M): BLUI 5.24%, better; XRLX 2.68%
Holdings: BLUI 8; XRLX 20
Avg volume (30D): BLUI 15.7K sh, better; XRLX 1.64K sh
NAV per share: BLUI $25.14; XRLX $47.90
52W range

ETF.net Grade

Pillar letters and Scores for BLUI, XRLX, with each pillar’s weight
Pillar	BLUI	XRLX
Cost30% weight	C46Higher	D30
Mission25% weight	C50	A81Higher
Risk15% weight	B63Higher	D35
Tradability15% weight	A70Higher	B55
Holdings10% weight	D27	B63Higher
Durability5% weight	B60	B61Higher

Rank among Conservative Allocation funds

How we build Categories ›

Same Category. BLUI and XRLX are both graded against the same 7 Conservative Allocation funds, so their Grades compare head to head.

Conservative Allocation⁠

Category · 7 funds

See all 7 ›

BLUI ranks 3rd and XRLX 4th of 7 funds in the Conservative Allocation Category.

Rank 1AAOKiShares Core 30/70 Conservative Allocation ETFScore 86
Rank 2ACGMSCapital Group U.S. Multi-Sector Income ETFScore 76
Rank 3CBLUIBluemonte Diversified Income ETFScore 52
Rank 4CXRLXFundX Investment Conservative ETFScore 51
Rank 5CTHRVProspera Income ETFScore 46

Our read on each fund

ETF.net Research

BLUICBluemonte Diversified Income ETF

XRLXCFundX Investment Conservative ETF

In short

BLUI One ticker, one job: Bluemonte's team picks other income ETFs (junk bonds, bank loans, mortgages, REITs, preferreds) and decides the mix. Actively managed since its 2025 launch, with income paid out monthly.

XRLX Most conservative allocation funds are index blends on autopilot. XRLX is actively managed: a fund of funds that ranks other funds on recent returns, buys the leaders and sells them when they fade.

Stated mandate

BLUI The Fund seeks total return and income and is actively managed. Under normal circumstances, it invests at least 80% of its assets in income-generating investments.

XRLX The Fund seeks long-term capital appreciation and may provide a low level of current income intended to reduce portfolio volatility.

Why people hold it

BLUI Go-anywhere income mandate: at least 80% of assets in income generators, with the underlying funds free to hold any maturity, any credit quality, plus income-producing equities.sec.gov
A fund of ETFs, so one trade buys a spread of bond and equity-income sleeves instead of a dozen line items you rebalance yourself.sec.gov
Pays income monthly, and the manager can reshape the blend between debt and dividend payers rather than following a fixed index recipe.sec.gov

XRLX The Upgrading discipline has a long paper trail: FundX has published its no-load fund newsletter since 1976, and this conservative version has run inside a fund since 2002.sec.gov
No stock picking. It buys other funds, so one ticker gets you a multi-manager mix of stock and bond funds rather than a single manager's call.sec.gov sec.gov 2
Built around a plainly stated mandate: long-term capital appreciation plus a low level of current income meant to reduce portfolio volatility.
Sits in the upper half of a small conservative-income peer group.

Worth knowing

BLUI Costs 0.67% net of a waiver through August 31, 2027, versus 0.72% gross. That sits above the median of the eight funds in its conservative income group.
Fund-of-funds math: the stated expenses carry the fees of the ETFs it owns on top of the manager's fee. Multi-sector rivals CGMS and MULT charge 0.39% in one layer.sec.gov
Launched June 2025 and thinly traded, so there is a short record to judge and spreads can widen. High yield and loan exposure brings credit risk.sec.gov

XRLX The fee is 1.20% a year, above the category median and well above plain multi-sector peers like CGMS at 0.39%. Active fund selection is what the premium buys.
Fund-of-funds math: shareholders also bear a share of the underlying funds' fees, which appear as their own line in the fee table.sec.gov
It is a small fund that trades lightly, so bid-ask spreads can run wider and larger orders are more sensitive to execution.

Full BLUI profile⁠

Full XRLX profile⁠

BLUI vs XRLX Holdings

How BLUI and XRLX differ

Overlap by weight

0.1%

Shared holdings make up 0.8% of BLUI and 0.1% of XRLX.

Level by level

Holdings0 in both0.1%
Sector11 Sectors8.0%
Countryby domicile92.3%

Sector

Sector weights in BLUI and XRLX, widest gap first
Sector	More in BLUIMore in XRLX	BLUI	XRLX
Real Estate	BLUI +47.3 points	49.2%	1.9%
Energy	BLUI +44.6 points	47.9%	3.3%
Technology	XRLX +41.1 points	0.7%	41.8%
Financials	XRLX +9.9 points	0.0%	9.9%
Industrials	XRLX +9.8 points	0.0%	9.8%
Communication	XRLX +9.1 points	0.0%	9.1%
Health Care	XRLX +8.8 points	0.0%	8.8%
Consumer Discretionary	XRLX +7.8 points	0.8%	8.6%
Consumer Staples	XRLX +3.5 points	0.0%	3.5%
Materials	XRLX +2.0 points	0.0%	2.0%
Utilities	BLUI +0.1 points	1.4%	1.3%

Country, concentration and asset class

Country by domicile

Country weights in BLUI and XRLX, widest gap first
Country	More in BLUIMore in XRLX	BLUI	XRLX
United States	BLUI +7.6 points	98.2%	90.6%
United Kingdom	XRLX +1.6 points	0.2%	1.8%
Japan	XRLX +1.4 points	0.0%	1.4%
Australia	XRLX +0.7 points	0.0%	0.7%
Ireland	XRLX +0.5 points	0.0%	0.5%
Other countries (37)	XRLX +3.4 points	1.6%	5.0%

Concentration

Weight in the 10 largest Holdings

BLUI100.0%
XRLX64.2%

Securities held

BLUI7
XRLX19

Asset class

BLUI: Multi-Asset
XRLX: Multi-Asset

Holdings

Only in BLUI7
In both0
Only in XRLX19

Only in BLUI

7 securities, 99.2% of BLUI by weight

Mfs Active Core Plus Bond19.51%
State Street Spdr Bloombe19.47%
Pimco Active Bon19.37%
C&S Rl Esa Etf10.87%
Global X Mlp Etf10.29%
Ft-Senior Loan9.95%
C&S Pref Ia Etf9.72%

Only in XRLX

19 securities, 99.9% of XRLX by weight

Vanguard Morningstar Growth ETF9.33%
iShares Russell 1000 Value ETF8.66%
PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund6.73%
iShares Core 60/40 Balanced Allocation ETF6.55%
iShares MSCI USA Value Factor ETF6.34%
Invesco S&P 500 Momentum ETF5.76%
Invesco S&P 500 Pure Growth ETF5.74%
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund5.07%
iShares Treasury Floating Rate Bond ETF5.00%
Janus Henderson AAA CLO ETF4.98%
iShares Global 100 ETF4.83%
Wisdomtree US Quality Growth Fund4.81%
VanEck IG Floating Rate ETF4.80%
NYLIM Merger Arbitrage ETF4.79%
iShares Core 30/70 Conservative Allocation ETF4.76%
Janus Henderson B-BBB CLO ETF4.73%
iShares MSCI USA Momentum Factor ETF4.06%
Vanguard Russell 1000 Value2.05%
First American Government Obligations Fund 12/01/20310.93%

Weight gaps

BLUI and XRLX share no securities.

All 7 BLUI holdings⁠All XRLX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BLUI vs XRLX Cost

Overpaying XRLX vs BLUI

$8,777

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BLUI 0.67%
$13,074
XRLX 1.20%
$21,851

Amount$10,000

Years30 years

Cost over time

BLUI 0.67%
XRLX 1.20%
Overpaying

Year by year

Year	BLUI	XRLX	Overpaying
10	$1,198	$2,098	$900
20	$4,568	$7,814	$3,246
30	$13,074	$21,851	$8,777

Expense ratio

0.67%BLUI, cheaper
1.20%XRLX

BLUI0.67%XRLX1.20%

0.15%1.80%

Middle half of Conservative Allocation funds
Median 0.67%

BLUI 4th cheapest of 7 funds

XRLX 5th cheapest of 7 funds

BLUI vs XRLX Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BLUI 5.24%, better; XRLX 2.68%
Payout (12M): BLUI $1.31; XRLX $1.28
Last payment: BLUI $0.10; XRLX $1.28
Ex-dividend: BLUI Oct 28, 2026; XRLX Dec 31, 2025
Paid on: BLUI Oct 30, 2026; XRLX Jan 2, 2026
Frequency: BLUI Monthly; XRLX Annual

Distribution history

Per share, 2023 to 2026, same scale for both

BLUIMonthly · 16 paymentsAll BLUI payments⁠

XRLXAnnual · 3 paymentsAll XRLX payments⁠

BLUI vs XRLX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BLUI 4.5%since Jul 2025XRLX 9.0%
Return per unit of riskSharpe ratio, 3 years: BLUI 0.25since Jul 2025XRLX 0.94
Worst fallMax drawdown, 5 years: BLUI −3.7%since Jun 2025XRLX −15.4%since Oct 2023
Market sensitivityBeta, 5 years: BLUI 0.07XRLX 0.83; Market = 1

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