ETF Evaluator:
Grizzle Growth ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Growth Over the Last Year
| 58.0% | ProShares Nasdaq-100 Drsy Wght Momt ETF (QQQA) |
| 49.0% | F/m Emerald Special Situations ETF (SPIT) |
| 45.1% | Grizzle Growth ETF (DARP) |
| 41.9% | MarketDesk Focused U.S. Momentum ETF (FMTM) |
| 34.1% | US Vegan Climate ETF (VEGN) |
Risk
Index
Risk
Index
ETF Details
Grizzle Growth ETF Overview
Grizzle Growth ETF (DARP) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Grizzle ETF launched the ETF in 2021.
The investment seeks capital appreciation.
The fund is an actively-managed exchange-traded fund (“ETF”) that invests primarily in equity securities of companies, with a focus on growth, innovation and disruption. The fund’s portfolio is expected to consist of 30 to 60 equity securities, and may be comprised of common stock and depositary receipts of U.S. and foreign issuers of any market capitalization. The fund is non-diversified.
About Grizzle Growth ETF (DARP)
There are 2 members of the management team with an average tenure of 4.63 years: Thomas George (2021) and Scott Willis (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Grizzle Growth ETF has 46 securities in its portfolio. The top 10 holdings constitute 59.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Grizzle Growth ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Grizzle Growth ETF has 10.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.9% There is 10.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Grizzle Growth ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $33 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DARP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Grizzle Growth ETF expense ratio is above average compared to funds in the Large Growth category. Grizzle Growth ETF has an expense ratio of 0.75%, which is 52% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Grizzle Growth ETF has a portfolio turnover rate of 64%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, Grizzle Growth ETF returned -9.1%, which earned it a grade of F, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Grizzle Growth ETF has a trailing yield of 0.36%, which is below the 0.53% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Grizzle Growth ETF Grades
Year to date, the ETF has returned 20.8%, 14.6 percentage points better than the category, which translates into a grade of A. The fund has returned 45.1% over the past year (grade of A) and 28.5% over the past three years (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Grizzle Growth ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
DARP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DARP Return (NAV) | -9.1% | -0.2% | 45.1% | 28.5% | na | na |
| DARP Return (Price) | -8.7% | 0.1% | 45.8% | 28.6% | na | na |
| NAV +/- Price Return | -0.336% | -0.241% | -0.659% | -0.152% | na | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| DARP Grade (NAV) | F | F | A | A | na | na |
| +/- Category (NAV) | -5.3% | -2.9% | 32.1% | 8.8% | na | na |
| DARP Tax-Cost Ratio | na | na | 0.1% | 0.3% | na | na |
DARP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DARP Return (NAV) | 20.8% | 40.1% | 24.5% | 33.3% | -19.2% | na | na | na | na | na | na |
| DARP Return (Price) | 21.1% | 40.2% | 24.6% | 33.3% | -19.9% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.012% | 0.002% | 0.005% | -0.001% | 0.034% | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| DARP Grade (NAV) | A | A | D | D | A | na | na | na | na | na | na |
| +/- Category | 14.6% | 23.3% | -6.0% | -5.3% | 11.5% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.39 |
| R-Squared: | 67% |
| Standard Deviation: | 22.1% |
| Category Risk Index: | 1.20 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.80 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.4% |
| Total Assets: | $ 33 Mil |
| Share Class Assets: | $ 33 Mil |
| Turnover: | 64.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.6 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): George Thomas (2021), Willis Scott (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 59.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 10.5% |
Portfolio Allocation |
|
| Domestic Stock: | 88.9% |
| Foreign Stock: | 10.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Grizzle ETF |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | December 15, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
