ETF Evaluator:
Q3 All-Season Active Rotation ETF ()
Follow This ETF
(as of Aug 26)
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
Q3 All-Season Active Rotation ETF Overview
Q3 All-Season Active Rotation ETF (QVOY) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Q3 Asset Management Corporation launched the ETF in 2022.
The investment seeks to achieve long-term growth of capital.
Under normal circumstances, the fund will invest primarily in shares of other investment companies, including exchange-traded funds (“ETFs”), open-end mutual funds, and closed-end funds across four category “sleeves”: core equity, active equity, bonds, and alternatives. The fund may indirectly invest in equity securities of all capitalization ranges and in debt securities of all credit qualities.
About Q3 All-Season Active Rotation ETF (QVOY)
There are 3 members of the management team with an average tenure of 3.65 years: Bradford Giaimo (2022), Adam Quiring (2022) and Bruce Greig (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and Dow Jones Mod Agg Portfolio TR USD index with a weighting of 100%. Q3 All-Season Active Rotation ETF has 13 securities in its portfolio. The top 10 holdings constitute 97.6% 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.
Q3 All-Season Active Rotation ETF is part of the Allocation global asset class and is within the Allocation ETF group. Q3 All-Season Active Rotation ETF has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.0% There is 1.8% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 7.5% (4.9% domestic bond, 2.7% foreign bond and 0.2% convertible bond). Q3 All-Season Active Rotation ETF has 3.9% of the portfolio in cash.
Assets Under Management
The fund has $58 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.
QVOY 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 Q3 All-Season Active Rotation ETF expense ratio is high compared to funds in the Tactical Allocation category. Q3 All-Season Active Rotation ETF has an expense ratio of 1.32%, which is 35% 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. Q3 All-Season Active Rotation ETF has a portfolio turnover rate of 674%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Q3 All-Season Active Rotation ETF returned -5.7%, which earned it a grade of F, 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.
Q3 All-Season Active Rotation ETF has a trailing yield of 0.53%, 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.
Q3 All-Season Active Rotation ETF Grades
Year to date, the ETF has returned 8.4%, 0.9 percentage points better than the category, which translates into a grade of C. The fund has returned 19.6% over the past year (grade of B) and 8.9% over the past three years (grade of D).
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QVOY 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 |
|
| QVOY Return (NAV) | -5.7% | -1.4% | 19.6% | 8.9% | na | na |
| QVOY Return (Price) | -5.7% | -1.4% | 19.8% | 9.0% | na | na |
| NAV +/- Price Return | 0.014% | -0.013% | -0.162% | -0.064% | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| QVOY Grade (NAV) | F | F | B | D | na | na |
| +/- Category (NAV) | -4.3% | -3.0% | 3.7% | -1.7% | na | na |
| QVOY Tax-Cost Ratio | na | na | 3.4% | 3.2% | na | na |
QVOY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QVOY Return (NAV) | 8.4% | 16.3% | 1.7% | 17.3% | na | na | na | na | na | na | na |
| QVOY Return (Price) | 8.4% | 16.4% | 1.7% | 17.2% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.008% | 0.005% | -0.006% | -0.008% | 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% |
| QVOY Grade (NAV) | C | B | F | A | na | na | na | na | na | na | na |
| +/- Category | 0.9% | 3.6% | -10.0% | 6.6% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.22 |
| R-Squared: | 70% |
| Standard Deviation: | 13.6% |
| Category Risk Index: | 1.16 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.11 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 59 Mil |
| Share Class Assets: | $ 59 Mil |
| Turnover: | 674.0% |
| Expense Ratio: | 1.32% |
| Index Fund: | No |
| Index Tracked: | MSCI World NR USD |
| 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: 3.7 years | |||
| Average Tenure: 3.7 years | |||
| Managers (Year): Giaimo Bradford (2022), Quiring Adam (2022), Greig Bruce (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 13 |
| % in Top 10 Holdings: | 97.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 82.0% |
| Foreign Stock: | 1.8% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 4.9% |
| Foreign Bond: | 2.7% |
| Convertible Bond: | 0.2% |
| Other: | 4.5% |
| Cash: | 3.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Q3 Asset Management Corporation |
| Phone Number: | 888-348-1255 |
| Website: | |
| Inception Date: | December 6, 2022 |
Expenses and Fees
| Expense Ratio (%): | 1.32% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
