ETF Evaluator:
Adaptive Core ETF ()
Follow This ETF
(as of Aug 26)
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
Adaptive Core ETF Overview
Adaptive Core ETF (RULE) is an actively managed Allocation Moderate Allocation exchange-traded fund (ETF). Mohrfunds launched the ETF in 2021.
The investment seeks to provide capital appreciation.
The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).
About Adaptive Core ETF (RULE)
There are 1 members of the management team with an average tenure of 4.75 years: Dan Mohr (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Adaptive Core ETF has 35 securities in its portfolio. The top 10 holdings constitute 39.5% 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.
Adaptive Core ETF is part of the Allocation global asset class and is within the Allocation ETF group. Adaptive Core ETF has 5.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.3% There is 4.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 2.5% (1.5% domestic bond, 1.0% foreign bond and 0.0% convertible bond). Adaptive Core ETF has 4.7% of the portfolio in cash.
Assets Under Management
The fund has $16 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.
RULE 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 Adaptive Core ETF expense ratio is high compared to funds in the Moderate Allocation category. Adaptive Core ETF has an expense ratio of 1.84%, which is 93% higher than its category average, making the fund expense ratio grade a F. 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. Adaptive Core ETF has a portfolio turnover rate of 348%, 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, Adaptive Core ETF returned -14.8%, 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.
Adaptive Core ETF has a trailing yield of 0.00%, which is below the 2.36% 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.
Adaptive Core ETF Grades
Year to date, the ETF has returned 27.9%, 20.6 percentage points better than the category, which translates into a grade of A. The fund has returned 29.1% over the past year (grade of A) and 14.1% over the past three years (grade of A).
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RULE 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 |
|
| RULE Return (NAV) | -14.8% | 7.1% | 29.1% | 14.1% | na | na |
| RULE Return (Price) | -14.7% | 7.4% | 29.5% | 14.3% | na | na |
| NAV +/- Price Return | -0.108% | -0.296% | -0.311% | -0.140% | na | na |
| Moderate Allocation Avg | -1.0% | 1.5% | 13.8% | 10.7% | 4.9% | na |
| RULE Grade (NAV) | F | A | A | A | na | na |
| +/- Category (NAV) | -13.8% | 5.6% | 15.3% | 3.4% | na | na |
| RULE Tax-Cost Ratio | na | na | 0.0% | 0.3% | na | na |
RULE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RULE Return (NAV) | 27.9% | 4.3% | 7.7% | 6.4% | -22.7% | na | na | na | na | na | na |
| RULE Return (Price) | 25.9% | 6.4% | 7.6% | 6.3% | -22.9% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.073% | 0.489% | -0.008% | -0.016% | 0.008% | na | na | na | na | 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 |
| RULE Grade (NAV) | A | F | F | F | F | na | na | na | na | na | na |
| +/- Category | 20.6% | -6.1% | -4.4% | -3.9% | -8.0% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.66 |
| R-Squared: | 54% |
| Standard Deviation: | 21.1% |
| Category Risk Index: | 2.16 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.72 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 16 Mil |
| Share Class Assets: | $ 16 Mil |
| Turnover: | 348.0% |
| Expense Ratio: | 1.84% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 4.8 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Mohr Dan (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 35 |
| % in Top 10 Holdings: | 39.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.6% |
Portfolio Allocation |
|
| Domestic Stock: | 88.3% |
| Foreign Stock: | 4.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.5% |
| Foreign Bond: | 1.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Mohrfunds |
| Phone Number: | 866-464-6608 |
| Website: | |
| Inception Date: | November 2, 2021 |
Expenses and Fees
| Expense Ratio (%): | 1.84% (Rating: High) |
| Category Average Expense Ratio (%): | 0.95% |
