ETF Evaluator:
RCN Pareto Strategic Allocation ETF ()
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(as of Aug 25)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
Risk
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Risk
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ETF Details
RCN Pareto Strategic Allocation ETF Overview
RCN Pareto Strategic Allocation ETF (PRTO) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Tidal Investments LLC. launched the ETF in 2026.
The investment seeks long-term capital appreciation.
The fund, an actively-managed exchange-traded fund (“ETF”), seeks to achieve its investment objective by dynamically allocating across multiple asset classes based on systematic trend-following and momentum-driven signals. Under normal market conditions, allocation to the equity asset class is approximately 70% of the fund’s net assets.
About RCN Pareto Strategic Allocation ETF (PRTO)
There are 3 members of the management team with an average tenure of 0.35 years: Scott Snyder (2026), Quinn Berry (2026) and Nick Lumpp (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
RCN Pareto Strategic Allocation ETF has 21 securities in its portfolio. The top 10 holdings constitute 91.2% 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.
RCN Pareto Strategic Allocation ETF is part of the Allocation global asset class and is within the Allocation ETF group. RCN Pareto Strategic Allocation ETF has 3.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 73.2% There is 3.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.6% (0.6% domestic bond, 0.0% foreign bond and 0.0% convertible bond). RCN Pareto Strategic Allocation ETF has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $144 million average for the Tactical 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.
PRTO 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 RCN Pareto Strategic Allocation ETF expense ratio is high compared to funds in the Tactical Allocation category. RCN Pareto Strategic Allocation ETF has an expense ratio of 0.82%, which is 16% 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. RCN Pareto Strategic Allocation 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 261% for the Tactical Allocation category.
Recently, in the month of July 2026, RCN Pareto Strategic Allocation ETF returned -2.3%, which earned it a grade of D, as the Tactical Allocation category had an average return of -1.4%. 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.
RCN Pareto Strategic Allocation ETF has a trailing yield of 0.00%, which is below the 2.15% 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.
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PRTO 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 |
|
| PRTO Return (NAV) | -2.3% | -0.3% | na | na | na | na |
| PRTO Return (Price) | -1.5% | -0.3% | na | na | na | na |
| NAV +/- Price Return | -0.849% | 0.021% | na | na | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| PRTO Grade (NAV) | D | D | na | na | na | na |
| +/- Category (NAV) | -0.9% | -1.9% | na | na | na | na |
| PRTO Tax-Cost Ratio | na | na | na | na | na | na |
PRTO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRTO Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| PRTO 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 |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| PRTO 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: | $ 17 Mil |
| Share Class Assets: | $ 17 Mil |
| Turnover: | na |
| Expense Ratio: | 0.82% |
| 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: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Snyder Scott (2026), Berry Quinn (2026), Lumpp Nick (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 21 |
| % in Top 10 Holdings: | 91.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.5% |
Portfolio Allocation |
|
| Domestic Stock: | 73.2% |
| Foreign Stock: | 3.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.6% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 20.6% |
| Cash: | 2.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tidal Investments LLC. |
| Phone Number: | 888-808-2280 |
| Website: | |
| Inception Date: | March 24, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.82% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
