ETF Evaluator:
ClearShares OCIO ETF ()
Follow This ETF
(as of Aug 25)
Best Performing in Moderate Allocation Over the Last Year
| 29.1% | Adaptive Core ETF (RULE) |
| 21.3% | Monarch Volume Factor Dividend Tree ETF (MVFD) |
| 19.5% | Avantis Moderate Allocation ETF (AVMA) |
| 19.4% | Ned Davis Research 360 Dyn Allc ETF (NDAA) |
| 16.0% | SMI 3Fourteen REAL Asset Allocation ETF (RAA) |
Risk
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Risk
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ETF Details
ClearShares OCIO ETF Overview
ClearShares OCIO ETF (OCIO) is an actively managed Allocation Moderate Allocation exchange-traded fund (ETF). ClearShares launched the ETF in 2017.
The investment seeks to outperform a traditional 60/40 mix of global equity and fixed-income investments.
The fund is expected to typically invest approximately 30% to 80% of its total assets in equity securities (of any market capitalization), either through Underlying Investments that principally invest in U.S. or foreign equity securities, or directly in U.S. equity securities. It may also invest directly in such U.S. equity securities.
About ClearShares OCIO ETF (OCIO)
There are 2 members of the management team with an average tenure of 4.83 years: Jon Robinson (2021) and Brandon Langley (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: ICE BofA US Broad Market TR USD index with a weighting of 100%. ClearShares OCIO ETF has 73 securities in its portfolio. The top 10 holdings constitute 49.7% 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.
ClearShares OCIO ETF is part of the Allocation global asset class and is within the Allocation ETF group. ClearShares OCIO ETF has 23.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 54.7% There is 23.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 14.1% (14.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ClearShares OCIO ETF has 6.8% of the portfolio in cash.
Assets Under Management
The fund has $166 million in total assets, which is below the $411 million average for the Moderate Allocation 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.
OCIO 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 ClearShares OCIO ETF expense ratio is above average compared to funds in the Moderate Allocation category. ClearShares OCIO ETF has an expense ratio of 0.65%, which is 32% lower than its category average, making the fund expense ratio grade a B. 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. ClearShares OCIO ETF has a portfolio turnover rate of 55%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Moderate Allocation category.
Recently, in the month of July 2026, ClearShares OCIO ETF returned -2.3%, which earned it a grade of F, as the Moderate Allocation category had an average return of -1.0%. 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.
ClearShares OCIO ETF has a trailing yield of 1.96%, which is below the 2.36% category average.
The fund normally distributes its income quarterly 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.
ClearShares OCIO ETF Grades
Year to date, the ETF has returned 7.2%, 0.2 percentage points worse than the category, which translates into a grade of B. The fund has returned 14.5% over the past year (grade of B), 11.7% over the past three years (grade of C) and 6.8% per year over the past five years (grade of A).
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OCIO 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 |
|
| OCIO Return (NAV) | -2.3% | 2.3% | 14.5% | 11.7% | 6.8% | na |
| OCIO Return (Price) | -2.6% | 1.9% | 13.5% | 11.4% | 6.6% | na |
| NAV +/- Price Return | 0.240% | 0.363% | 0.995% | 0.293% | 0.221% | na |
| Moderate Allocation Avg | -1.0% | 1.5% | 13.8% | 10.7% | 4.9% | na |
| OCIO Grade (NAV) | F | B | B | C | A | na |
| +/- Category (NAV) | -1.3% | 0.8% | 0.7% | 1.0% | 1.9% | na |
| OCIO Tax-Cost Ratio | na | na | 2.7% | 1.4% | 1.3% | na |
OCIO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OCIO Return (NAV) | 7.2% | 12.6% | 12.8% | 12.1% | -12.2% | 13.0% | 11.5% | 18.3% | -7.5% | na | na |
| OCIO Return (Price) | 6.9% | 11.4% | 13.3% | 12.0% | -12.5% | 13.2% | 11.6% | 18.6% | -8.4% | na | na |
| NAV +/- Price Ret | -0.042% | -0.095% | 0.041% | -0.007% | 0.019% | 0.016% | 0.007% | 1.2% | 11.9% | na | na |
| Moderate Allocation Avg | 7.4% | 10.4% | 12.0% | 10.2% | -14.7% | 13.8% | 11.5% | 18.3% | -7.5% | na | na |
| OCIO Grade (NAV) | B | B | B | B | C | F | A | A | A | na | na |
| +/- Category | -0.2% | 2.2% | 0.8% | 1.9% | 2.5% | -0.8% | 0.0% | 0.0% | 0.0% | na | na |
| Risk Measures | |
| Beta: | 0.87 |
| R-Squared: | 87% |
| Standard Deviation: | 8.8% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.71 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 2.0% |
| Total Assets: | $ 166 Mil |
| Share Class Assets: | $ 166 Mil |
| Turnover: | 55.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.8 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Robinson Jon (2021), Langley Brandon (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 73 |
| % in Top 10 Holdings: | 49.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 23.9% |
Portfolio Allocation |
|
| Domestic Stock: | 54.7% |
| Foreign Stock: | 23.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 14.1% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.5% |
| Cash: | 6.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ClearShares |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | June 26, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.95% |
