VPX
Variant Perception Cycle Aware US Equity ETF
Variant Perception Cycle Aware US Equity ETF seeks to provide investors with capital appreciation by investing in U.S. equities while leveraging macroeconomic insights to capitalize on different market cycles.
US
EQUITY
Active
MANAGEMENT STYLE
$ 43.1 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Mar 11, 2026 |
| 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 +
| VANGUARD TOTAL STOCK MARKET ETF | 20.0 % |
| BROADCOM INC. | 4.5 % |
| NVIDIA CORP | 3.8 % |
| EXXON MOBIL CORP | 3.6 % |
| ELI LILLY & CO | 3.3 % |
| MICRON TECHNOLOGY INC | 3.3 % |
| JPMORGAN CHASE & CO | 3.0 % |
| ADVANCED MICRO DEVICES | 2.4 % |
| AMAZON.COM INC | 2.3 % |
| VISA INC. CLASS A | 2.2 % |
Constituent Breakdown
| Number of holdings | 90 |
| Herfindahl-Hirschman Index | 0 |
| Wgt avg mkt cap (mns) | $824,140 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 76.7 % |
 |
TAIWAN | 1.2 % |
 |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $0.00 |
| Relative strength (RSI) | 0 |
| MACD/Signal | 0.00/0.00 |
| Bollinger Bands (Upper/Lower) | $0.00/$0.00 |
| Short interest (% of AUM) | 0.0% |
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. VPX |
Expenses vs. VPX |
ALTAR Score™ vs. VPX |
|---|---|---|---|---|
| OEI | Optimized Equity Income ETF | 49.0% | 0 bp | +0.6% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 43.9% | -47 bp | +2.3% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 43.4% | -43 bp | +0.8% |
| DSPY | Tema S&P 500 Historical Weight ETF | 43.0% | -57 bp | +1.2% |
| TOPC | iShares S&P 500 3% Capped ETF | 42.8% | -60 bp | +1.2% |
| XMAG | Defiance Large Cap ex-Mag 7 ETF | 42.5% | -40 bp | +1.1% |
| NACP | Impact Shares NAACP Minority Empowerment ETF | 42.4% | -26 bp | +0.4% |
| IWX | iShares Russell Top 200 Value ETF | 42.3% | -55 bp | +1.8% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 42.0% | -68 bp | +1.2% |
| MGC | Vanguard Mega Cap ETF | 42.0% | -68 bp | +0.7% |
Risk and Returns: VPX 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 6/3/2026
Peer Group Comparison
Sample data. Subscribe for access.
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
3.6%
ALTAR SCORE™
22nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. VPX's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places VPX in the 22nd percentile
among funds in the category.
Sell-Side Consensus
$31.25
PRICE TARGET
+6.8%
UPSIDE