ETF Evaluator:
TradersAI Large Cap Equity & Cash ETF ()
Follow This ETF
(as of Mar 04)
Best Performing in Long-Short Equity Over the Last Year
| 42.4% | Convergence Long/Short Equity ETF (CLSE) |
| 29.1% | Militia Long/Short Equity ETF (ORR) |
| 28.5% | Unlimited HFEQ Equity Long/Short ETF (HFEQ) |
| 25.5% | Harbor Long-Short Equity ETF (LSEQ) |
| 16.2% | Efficient Market Portfolio Plus ETF (EMPB) |
Risk
Index
Risk
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ETF Details
TradersAI Large Cap Equity & Cash ETF Overview
TradersAI Large Cap Equity & Cash ETF (HFSP) is an actively managed Nontraditional Equity Long-Short Equity exchange-traded fund (ETF). TradersAI launched the ETF in 2024.
The investment seeks maximum total return.
The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in securities and financial instruments linked to the S&P 500 Index. The fund manager takes both long and short positions by investing in e-mini futures contracts. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in large cap equities or investments with similar characteristics, or cash and cash equivalents.
About TradersAI Large Cap Equity & Cash ETF (HFSP)
There are 3 members of the management team with an average tenure of 1.77 years: Christopher Mullen (2024), Geetika Iyer (2024) and Ashok Margam (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
TradersAI Large Cap Equity & Cash ETF has 6 securities in its portfolio. The top 10 holdings constitute 175.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
TradersAI Large Cap Equity & Cash ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. TradersAI Large Cap Equity & Cash ETF has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 169.4% There is 0.9% 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). TradersAI Large Cap Equity & Cash ETF has -169.4% of the portfolio in cash.
Assets Under Management
The fund has $671 million in total assets, which is below the $320 million average for the Long-Short Equity 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.
HFSP 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 TradersAI Large Cap Equity & Cash ETF expense ratio is high compared to funds in the Long-Short Equity category. TradersAI Large Cap Equity & Cash ETF has an expense ratio of 1.25%, which is 32% lower than its category average, making the fund expense ratio grade a C. 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. TradersAI Large Cap Equity & Cash ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 157% for the Long-Short Equity category.
Recently, in the month of July 2026, TradersAI Large Cap Equity & Cash ETF returned -4.7%, which earned it a grade of F, as the Long-Short Equity category had an average return of -0.0%. 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.
TradersAI Large Cap Equity & Cash ETF has a trailing yield of 0.00%, which is below the 1.17% category average.
The fund normally distributes its income annually and its capital gains 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.
TradersAI Large Cap Equity & Cash ETF Grades
Year to date, the ETF has returned -13.2%, 21.5 percentage points worse than the category, which translates into a grade of F. The fund has returned -26.4% over the past year (grade of F).
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HFSP 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 |
|
| HFSP Return (NAV) | -4.7% | -7.9% | -26.4% | na | na | na |
| HFSP Return (Price) | 0.0% | 0.0% | -12.2% | na | na | na |
| NAV +/- Price Return | -4.732% | -7.917% | -14.202% | na | na | na |
| Long-Short Equity Avg | -0.0% | 3.1% | 14.5% | 14.1% | 7.8% | 12.2% |
| HFSP Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -4.7% | -11.0% | -40.9% | na | na | na |
| HFSP Tax-Cost Ratio | na | na | 0.0% | na | na | na |
HFSP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HFSP Return (NAV) | -13.2% | -22.9% | na | na | na | na | na | na | na | na | na |
| HFSP Return (Price) | 0.8% | -22.8% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -1.059% | -0.003% | na | na | na | na | na | na | na | na | na |
| Long-Short Equity Avg | 8.3% | 8.4% | 17.1% | 13.7% | -9.2% | 8.7% | 28.9% | 15.9% | 0.1% | 15.9% | 9.6% |
| HFSP Grade (NAV) | F | F | na | na | na | na | na | na | na | na | na |
| +/- Category | -21.5% | -31.3% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 1.25% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Mullen Christopher (2024), Iyer Geetika (2024), Margam Ashok (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 175.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.9% |
Portfolio Allocation |
|
| Domestic Stock: | 169.4% |
| Foreign Stock: | 0.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 99.1% |
| Cash: | -169.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | TradersAI |
| Phone Number: | 844-679-9559 |
| Website: | |
| Inception Date: | October 22, 2024 |
Expenses and Fees
| Expense Ratio (%): | 1.25% (Rating: High) |
| Category Average Expense Ratio (%): | 1.83% |
