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This fund aims for capital appreciation by strategically allocating its investments among other exchange-traded funds (ETFs) that hold equities, fixed income, and gold. Its investment decisions are primarily driven by an analysis of "relative sentiment" indicators. The fund's portfolio is dynamically adjusted across a selection of passively-managed ETFs focusing on developed market stocks (both U.S. and international), bond ETFs, and, at times, gold-backed exchange-traded products (ETPs). It's important to note that this fund maintains a concentrated, non-diversified portfolio.
Is MOOD's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
The Relative Sentiment Tactical Allocation ETF tactically allocates across asset classes based on institutional versus retail sentiment, favoring 'smart money' positioning. MOOD has delivered superior risk-adjusted returns versus a 60/40 benchmark, the S&P 500, and some key competitors. The portfolio currently tilts toward value equities, maintains modest fixed income exposure, and dynamically shifts allocations with a high 247% turnover rate.
The Relative Sentiment Tactical Allocation ETF dynamically allocates across equities, bonds, and gold using proprietary sentiment indicators. MOOD employs a 'black box' methodology, rebalancing weekly based on institutional versus retail sentiment, with allocations built from major ETFs. Performance since inception has been robust, with a 3-year Sharpe ratio of 1.6, standard deviation of 9.3%, and average drawdowns of -7.5%.
By Michael Venuto Week of May 16, 2022 KPI Summary This week, the industry experienced 13 ETF launches and 1 closure, shifting the 1-year Open-to-Close ratio to 5.40 and total US ETFs to 2,945. ETF assets continue to trend down and haven't been current levels since Spring 2021.