ETF Evaluator:
Pictet AI Enhanced US Equity ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
| 62.5% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 35.7% | Mohr Company Nav ETF (CNAV) |
| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
Risk
Index
Risk
Index
ETF Details
Pictet AI Enhanced US Equity ETF Overview
Pictet AI Enhanced US Equity ETF (PQUS) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Pictet Asset Management Ltd launched the ETF in 2026.
The investment seeks long-term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by utilizing an investment strategy enhanced by the use of artificial intelligence Under normal market conditions, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies. It is non-diversified.
About Pictet AI Enhanced US Equity ETF (PQUS)
There are 2 members of the management team with an average tenure of 0.43 years: Stéphane Daul (2026) and Alexandra Nagy (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Pictet AI Enhanced US Equity ETF has 163 securities in its portfolio. The top 10 holdings constitute 36.7% 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.
Pictet AI Enhanced US Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Pictet AI Enhanced US Equity ETF has 0.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.6% There is 0.2% 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). Pictet AI Enhanced US Equity ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $76 million in total assets, which is below the $13 billion average for the Large Blend 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.
PQUS 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 Pictet AI Enhanced US Equity ETF expense ratio is below average compared to funds in the Large Blend category. Pictet AI Enhanced US Equity ETF has an expense ratio of 0.22%, which is 47% 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. Pictet AI Enhanced US Equity 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 158% for the Large Blend category.
Recently, in the month of July 2026, Pictet AI Enhanced US Equity ETF returned 0.5%, which earned it a grade of B, as the Large Blend category had an average return of -0.8%. 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.
Pictet AI Enhanced US Equity ETF has a trailing yield of 0.00%, which is below the 1.16% 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.
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 Pictet AI Enhanced US Equity ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
PQUS 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 |
|
| PQUS Return (NAV) | 0.5% | 5.0% | na | na | na | na |
| PQUS Return (Price) | 0.6% | 5.1% | na | na | na | na |
| NAV +/- Price Return | -0.133% | -0.152% | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| PQUS Grade (NAV) | B | B | na | na | na | na |
| +/- Category (NAV) | 1.3% | 1.2% | na | na | na | na |
| PQUS Tax-Cost Ratio | na | na | na | na | na | na |
PQUS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PQUS Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| PQUS Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| PQUS Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | 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: | -- |
| Total Assets: | $ 77 Mil |
| Share Class Assets: | $ 77 Mil |
| Turnover: | na |
| Expense Ratio: | 0.22% |
| 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: 2 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Daul Stéphane (2026), Nagy Alexandra (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 163 |
| % in Top 10 Holdings: | 36.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.2% |
Portfolio Allocation |
|
| Domestic Stock: | 99.6% |
| Foreign Stock: | 0.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Pictet Asset Management Ltd |
| Phone Number: | 855-994-4778 |
| Website: | |
| Inception Date: | February 25, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.22% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
