EQTY vs QIDX

EQTYCKovitz Core Equity ETF

QIDXBIndexperts Quality Earnings Focused ETF

In short

EQTY An active take on quality: Kovitz hunts moats, real profits and free cash flow, and charges 0.99% for the privilege. Launched in December 2022, it reached billion-dollar scale in short order.

QIDX An active quality fund stitched from Indexperts' own house indexes: steady-earnings names across large, mid and small caps, with a manager free to override the rules. It charges less than the typical fund in its peer group.

Stated mandate

EQTY The December 31, 2025 supplement states that the Fund's investment objective, policies, and principal investment strategies remain unchanged under the proposed new advisory agreement; it does not restate the substantive objective.

QIDX The Fund seeks total return.

Why people hold it

• EQTY Real active management, not an index in disguise: the mandate screens on profitability, quality and value, and can hold names outside the US when the manager wants them.
• Investors showed up early. It crossed billion-dollar territory within a few years of its December 2022 launch, rare air for a boutique active stock fund.
• Sits in the upper half of its quality-and-free-cash-flow peer group, with solid marks for how the portfolio is built and how consistent the strategy has stayed.

• QIDX Charges 0.50% a year, below the median for its quality-focused peer group and about half what the priciest name in that group (EQTY, 0.99%) asks.
• Rules first, judgment second: the portfolio is drawn from Indexperts' own growth and consistent-value indexes, with the advisor free to trim or exclude.sec.gov
• Reaches across large, mid and small caps instead of hugging a handful of mega caps, and the portfolio build ranks among the stronger ones in its peer group.sec.gov
• A plain 1940 Act equity fund seeking total return, with cash paid out quarterly. No leverage, no options overlay, no derivatives wrapper to decode.

Worth knowing

• EQTY The fee is the headline trade-off: 0.99% against a 0.57% cohort median, while PSET (0.15%) and ABFL (0.49%) run their own quality playbooks for a fraction of it.
• Big fund, quiet tape. Shares change hands lightly, so spreads can widen when markets get jumpy.
• A December 2025 supplement flagged a proposed new advisory agreement, with the objective and strategies unchanged. Worth knowing who is steering the ship.

• QIDX Listed at the end of 2024, so the track record is short and any read on its risk profile rests on limited history.
• Small and thinly traded: spreads can run wider than on giant index funds, and size of order matters more.
• You are paying 0.50% for a manager's judgment when index-built quality rivals like PSET run 0.15%.

Full EQTY profile⁠

Full QIDX profile⁠