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FMKT vs LOHA

The Free Markets ETF

FMKTDNYSE Arca

Roundhill HALO ETF

LOHABCboe

Overlap

Expense ratio

LOHA −0.41pt a year

FMKT0.76%LOHA0.35%

Avg volume · 30D

LOHA 11.0×the volume

FMKT2.81KLOHA31.1K

FMKT vs LOHA Performance

Jul 31, 2026 – Oct 30, 2026

−1.7%FMKT+1.8%LOHA

Jul 31, 2026 to Oct 30, 2026. FMKT −1.7%. LOHA +1.8%. Use the arrow keys to read each point.−6%−4%0%4%6%Jul 2026Sep 2026Oct 2026
Expense ratio
FMKT 0.76%
LOHA 0.35%, better
Fund size
FMKT $10M
LOHA $35M
1Y total return
FMKT −6.6%
LOHA No data
Holdings
FMKT 34
LOHA 102
Avg volume (30D)
FMKT 2.81K sh
LOHA 31.1K sh, better
NAV per share
FMKT $21.42
LOHA $26.46
52W range

ETF.net Grade

FMKT: Cost 10, Risk 36, Mission not scored, Tradability 49, Holdings 44, Durability 42. LOHA: Cost 60, Risk 79, Mission not scored, Tradability 54, Holdings 92, Durability 51.
Pillar letters and Scores for FMKT, LOHA, with each pillar’s weight
PillarFMKTLOHA
Cost30% weightF10B60Higher
Mission25% weightNot scoredNot scored
Risk15% weightD36A79Higher
Tradability15% weightC49C54Higher
Holdings10% weightC44A92Higher
Durability5% weightC42C51Higher

Rank among US Thematic funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FMKT and LOHA are both graded against the same 22 US Thematic funds, so their Grades compare head to head.

US Thematic⁠

Category · 22 funds
See all 22 ›

LOHA ranks 3rd and FMKT 21st of 22 funds in the US Thematic Category.

  1. Rank 1ALRNDNYLI U.S. Large Cap R&D Leaders ETFScore 76
  2. Rank 2ATECBiShares U.S. Tech Breakthrough Multisector ETFScore 71
  3. Rank 3BLOHARoundhill HALO ETFScore 66
  4. Rank 4BHOMZHoya Capital Housing ETFScore 64
  5. Rank 20DPTNTCorgi IP Licensing & Royalties ETFScore 38
  6. Rank 21DFMKTThe Free Markets ETFScore 29
  7. Rank 22DUSMDCoreValues America First Technology ETFScore 26

Our read on each fund

ETF.net Research

FMKTDThe Free Markets ETF

LOHABRoundhill HALO ETF

In short

FMKT A 2025 newcomer with an unusually wide brief: long-term total returns, no index to track. The Free Markets ETF is a bet on manager judgment rather than a rulebook, and it costs 0.76% a year.

LOHA No data

Stated mandate

FMKT The Fund seeks long-term total returns.

LOHA No data

Why people hold it

  • FMKT No declared index means no rulebook. The managers can pursue long-term total returns wherever they see them instead of hugging a fixed theme basket.
  • Built around total return, not income. Distributions land on an annual or semiannual schedule, so the portfolio carries the story rather than the payout calendar.
  • Still a small fund, so positions can be reshaped without the size constraints that come with running billions.

LOHA No data

Worth knowing

  • FMKT At 0.76%, it costs more than thematic peers such as LRND (0.14%) and TECB (0.30%). Active discretion is what you are paying the difference for.
  • Small asset base and light trading can mean wider bid-ask spreads, so entry and exit mechanics matter more here than in a heavily traded fund.
  • Launched in 2025 with no benchmark index, so there is little history and no yardstick to check the portfolio against. It currently sits in the lower part of its thematic peer group.

LOHA No data

Full FMKT profile⁠

Full LOHA profile⁠

FMKT vs LOHA 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.

FMKT vs LOHA Cost

Overpaying FMKT vs LOHA

$7,530

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

  • FMKT 0.76%

    $14,656

  • LOHA 0.35%

    $7,126

$10,000
30 years

Cost over time

  • FMKT 0.76%
  • LOHA 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FMKT $14,656LOHA $7,126

Year by year

YearFMKTLOHAOverpaying
10$1,353$634$719
20$5,142$2,454$2,688
30$14,656$7,126$7,530

Expense ratio

  • 0.76%FMKT
  • 0.35%LOHA, cheaper
  • Middle half of US Thematic funds
  • Median 0.35%

LOHA 7th cheapest of 22 funds

FMKT 20th cheapest of 22 funds

FMKT vs LOHA Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
FMKT No data
LOHA None
Last payment
FMKT $0.46
LOHA No data
Ex-dividend
FMKT Dec 23, 2025
LOHA No data
Paid on
FMKT Dec 24, 2025
LOHA No data
Frequency
FMKT Irregular
LOHA No data

Distribution history

Per share, 2025 to 2026, same scale for both

FMKTIrregular · 1 paymentAll FMKT payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.46. Use the arrow keys to read each point.$0$0.502026YTD
LOHAAll LOHA payments⁠

No distribution history available.

FMKT vs LOHA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FMKT 13.8%since Jul 2025LOHA No data
Return per unit of riskSharpe ratio, 3 years
FMKT 0.02since Jul 2025LOHA No data
Worst fallMax drawdown, 5 years
FMKT −17.8%since Jun 2025LOHA No data
Market sensitivityBeta, 5 years
FMKT 1.00LOHA −0.29

Popular comparisons

  • FMKTDvsLRNDA

    The Free Markets ETF · NYLI U.S. Large Cap R&D Leaders ETF

    Expense ratio
    0.76% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LOHABvsLRNDA

    Roundhill HALO ETF · NYLI U.S. Large Cap R&D Leaders ETF

    Expense ratio
    0.35% · 0.14%
    Category
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  • FMKTDvsTECBA

    The Free Markets ETF · iShares U.S. Tech Breakthrough Multisector ETF

    Expense ratio
    0.76% · 0.30%
    Category
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  • LOHABvsTECBA

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    Expense ratio
    0.35% · 0.30%
    Category
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  • FMKTDvsHOMZB

    The Free Markets ETF · Hoya Capital Housing ETF

    Expense ratio
    0.76% · 0.30%
    Category
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  • LOHABvsHOMZB

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    Expense ratio
    0.35% · 0.30%
    Category
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