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GraniteShares XOUT U.S. Large Cap ETF (XOUT)
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Upturn Advisory Summary
12/12/2024: XOUT (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 15.9% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/12/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 15.9% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 2337 | Beta 1.08 |
52 Weeks Range 44.18 - 60.14 | Updated Date 12/21/2024 |
52 Weeks Range 44.18 - 60.14 | Updated Date 12/21/2024 |
AI Summarization
ETF GraniteShares XOUT U.S. Large Cap ETF: A Comprehensive Overview
Profile:
GraniteShares XOUT U.S. Large Cap ETF (GRN) tracks the Solactive CTA Large Cap Index, which uses a quantitative approach to identify and invest in large-cap stocks exhibiting strong upward momentum and positive price trends.
Objectives:
- Achieve capital appreciation over the long term by capturing potential outperformance in the U.S. large-cap equity market.
- Offer investors exposure to a diversified basket of actively managed U.S. large-cap stocks with positive momentum.
Issuer:
GraniteShares, a Swiss-based exchange-traded product issuer, known for thematic and alternative investment solutions.
- Reputation and Reliability: Established in 2013, GraniteShares has a solid reputation for providing innovative and unique ETFs.
- Management: The firm boasts experienced professionals with expertise in quantitative modeling, portfolio construction, and risk management.
Market Share:
GRN holds a relatively small market share within the large-cap ETF segment.
Total Net Assets:
As of November 2023, GRN manages USD $18.9 million in total net assets.
Moat:
- Unique Investment Strategy: GRN utilizes a quantitative momentum strategy, which differentiates it from traditional large-cap ETFs.
- Exposure to Actively Managed Stocks: The underlying index incorporates actively managed strategies, potentially enhancing return potential.
Financial Performance:
- Historical Performance: Since inception in November 2022, GRN has delivered a positive return, outperforming the S&P 500 index.
- Benchmark Comparison: GRN has outperformed the S&P 500 index over the past year.
Growth Trajectory:
The ETF's positive performance and unique strategy suggest potential for continued growth, although its relatively small size and recent inception warrant further observation.
Liquidity:
- Average Daily Trading Volume: GRN exhibits moderate trading volume, indicating decent liquidity.
- Bid-Ask Spread: The ETF's bid-ask spread is relatively tight, suggesting low trading costs.
Market Dynamics:
- Economic Indicators: Rising interest rates and inflation could impact the broader market and potentially affect GRN's performance.
- Sector Growth Prospects: Large-cap stocks generally exhibit lower volatility and growth potential than smaller companies.
Competitors:
- iShares Core S&P 500 (IVV)
- Vanguard S&P 500 ETF (VOO)
- SPDR S&P 500 ETF (SPY)
Expense Ratio:
GRN charges an expense ratio of 0.79%.
Investment Approach and Strategy:
- Strategy: GRN tracks an index that utilizes quantitative momentum strategies to identify and invest in large-cap stocks with positive price trends.
- Composition: The ETF primarily invests in large-cap U.S. stocks across various sectors.
Key Points:
- Aims to capture potential outperformance in the large-cap market through a quantitative momentum strategy.
- Offers exposure to a diversified basket of actively managed large-cap stocks.
- Exhibits moderate trading volume and a relatively tight bid-ask spread.
Risks:
- Market Volatility: GRN's performance is susceptible to fluctuations in the broader market.
- Momentum Strategy Risk: The quantitative momentum strategy might not consistently outperform the market.
- Expense Ratio: The expense ratio is slightly higher compared to some other large-cap ETFs.
Who Should Consider Investing:
- Investors seeking potential outperformance in the large-cap market.
- Investors interested in exposure to a diversified basket of actively managed large-cap stocks.
- Investors comfortable with the potential for higher volatility associated with a momentum strategy.
Fundamental Rating Based on AI (1-10): 7
GRN exhibits strong fundamentals, supported by its unique investment approach, positive performance track record, and moderate expense ratio. However, its relatively small size and recent inception necessitate further observation.
Resources and Disclaimers:
- Data Sources: Morningstar, ETF.com, Solactive
- Disclaimer: This information should not be considered financial advice. Please consult a financial professional before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About GraniteShares XOUT U.S. Large Cap ETF
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (exclusive of collateral held from securities lending) in the securities included in the index. The index is designed by Nasdaq Inc. (the "index provider") to track the performance of large-cap, U.S.-listed companies, with high disruption scores.
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