ETF Evaluator:
Sparkline Intangible Value ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
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Risk
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ETF Details
Sparkline Intangible Value ETF Overview
Sparkline Intangible Value ETF (ITAN) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Sparkline Capital launched the ETF in 2021.
The investment seeks long-term capital appreciation.
The fund is an actively-managed exchange-traded fund (“ETF”). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the “Sub-Adviser”) believes are attractive relative to its proprietary measure of “intangible-augmented intrinsic value.” The fund’s investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.
About Sparkline Intangible Value ETF (ITAN)
There are 3 members of the management team with an average tenure of 4.39 years: Christopher Kai Wu (2021), Richard Shaner (2021) and Joshua Russell (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive GBS US 1000 TR USD index with a weighting of 100%. Sparkline Intangible Value ETF has 160 securities in its portfolio. The top 10 holdings constitute 20.8% 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.
Sparkline Intangible Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Sparkline Intangible Value ETF has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6% 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). Sparkline Intangible Value ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $111 million in total assets, which is below the $5 billion average for the Large Value 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.
ITAN 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 Sparkline Intangible Value ETF expense ratio is average compared to funds in the Large Value category. Sparkline Intangible Value ETF has an expense ratio of 0.50%, which is 34% higher than its category average, making the fund expense ratio grade a D. 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. Sparkline Intangible Value ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Sparkline Intangible Value ETF returned 2.2%, which earned it a grade of C, as the Large Value category had an average return of 2.4%. 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.
Sparkline Intangible Value ETF has a trailing yield of 1.03%, which is below the 1.70% category average.
The fund normally distributes its income quarterly.
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.
Sparkline Intangible Value ETF Grades
Year to date, the ETF has returned 16.1%, 1.7 percentage points better than the category, which translates into a grade of B. The fund has returned 33.3% over the past year (grade of A), 20.5% over the past three years (grade of A) and 12.1% per year over the past five years (grade of C).
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ITAN 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 |
|
| ITAN Return (NAV) | 2.2% | 8.9% | 33.3% | 20.5% | 12.1% | na |
| ITAN Return (Price) | 2.3% | 9.1% | 32.3% | 20.6% | 12.2% | na |
| NAV +/- Price Return | -0.108% | -0.163% | 1.038% | -0.081% | -0.029% | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| ITAN Grade (NAV) | C | A | A | A | C | na |
| +/- Category (NAV) | -0.2% | 3.0% | 9.2% | 4.3% | 0.8% | na |
| ITAN Tax-Cost Ratio | na | na | 0.5% | 0.5% | 0.4% | na |
ITAN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ITAN Return (NAV) | 16.1% | 20.3% | 17.8% | 34.6% | -24.1% | na | na | na | na | na | na |
| ITAN Return (Price) | 16.2% | 20.5% | 17.8% | 34.6% | -24.3% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.005% | 0.010% | -0.003% | 0.000% | 0.009% | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| ITAN Grade (NAV) | B | A | B | A | F | na | na | na | na | na | na |
| +/- Category | 1.7% | 5.4% | 2.3% | 21.5% | -17.6% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.05 |
| R-Squared: | 87% |
| Standard Deviation: | 14.7% |
| Category Risk Index: | 1.20 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.20 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 111 Mil |
| Share Class Assets: | $ 111 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | Solactive GBS US 1000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 5.1 years | |||
| Average Tenure: 4.4 years | |||
| Managers (Year): Kai Wu Christopher (2021), Shaner Richard (2021), Russell Joshua (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 160 |
| % in Top 10 Holdings: | 20.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.9% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 0.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Sparkline Capital |
| Phone Number: | 215-882-9983 |
| Website: | www.valueshares.com |
| Inception Date: | June 28, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
