RNIN
Bushido Capital US SMID Cap Equity ETF
Bushido Capital US SMID Cap Equity ETF seeks to provide long-term capital appreciation by investing primarily in U.S. small and mid-cap equity securities that are identified through a rules-based, quantitative investment process.
US
EQUITY
Active
MANAGEMENT STYLE
$ 212.1 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Inception date | May 14, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RAPID7 INC | 1.6 % |
| GLOBANT SA | 1.6 % |
| SPRINKLR, INC. CLASS A | 1.5 % |
| GARTNER INC | 1.5 % |
| CAROLINA TRUST BANCSHARES, INC. | 1.5 % |
| BLACKBAUD INC | 1.5 % |
| EPAM SYSTEMS INC | 1.5 % |
| DOCUSIGN, INC. | 1.4 % |
| ETSY, INC. | 1.4 % |
| PAPA MURPHY'S HOLDINGS INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 80 |
| Herfindahl-Hirschman Index | 125 |
| Wgt avg mkt cap (mns) | $8,246 |
| Large cap (>$10bn) | 25.3% |
| Mid cap ($2-10bn) | 59.0% |
| Small cap (<$2bn) | 15.5% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.3 % |
 |
BERMUDA | 2.6 % |
 |
LUXEMBOURG | 1.6 % |
 |
BRITAIN | 1.4 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 28.8% | 30.2% | -- | -- | -- | -- | -- | 28.3% |
| Dividend Yield | 0.4% | 1.0% | -- | -- | -- | -- | -- | 1.0% |
| Total Returns | 29.2% | 31.2% | -- | -- | -- | -- | -- | 29.2% | Ann. Volatility | 17.5% | 16.9% | -- | -- | -- | -- | -- | 16.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 22% |
| MSCI EAFE | 0.37 | 12% |
| MSCI Emg Mkts | 0.12 | 4% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.31% |
Technical Indicators
| 30d moving avg. (EMA) | $37.69 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.56/0.49 |
| Bollinger Bands (Upper/Lower) | $39.68/$35.97 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RNIN |
Expenses vs. RNIN |
ALTAR Score™ vs. RNIN |
|---|---|---|---|---|
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 53.0% | -12 bp | +0.3% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 27.8% | -9 bp | +1.1% |
| DSMC | Distillate Small/Mid Cash Flow ETF | 20.1% | -13 bp | +2.2% |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 19.2% | -43 bp | +0.6% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 17.2% | -9 bp | -3.0% |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 16.3% | -8 bp | -0.5% |
| ECML | Euclidean Fundamental Value ETF | 15.8% | +27 bp | +1.1% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 13.5% | +6 bp | +0.3% |
| SRHQ | SRH U.S. Quality ETF | 12.5% | -33 bp | -1.2% |
| AFMC | First Trust Active Factor Mid Cap ETF | 12.3% | 0 bp | -1.5% |
Risk and Returns: RNIN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
9.9%
ALTAR SCORE™
98th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,388 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. RNIN's ALTAR Score™ is approximately 2.0 standard
deviations above the category average. This places RNIN in the 98th percentile
among funds in the category.
Sell-Side Consensus
$45.12
PRICE TARGET
+18.0%
UPSIDE