ETF Evaluator:
SRH U.S. Quality GARP ETF ()
Follow This ETF
(as of Aug 25)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
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Risk
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ETF Details
SRH U.S. Quality GARP ETF Overview
SRH U.S. Quality GARP ETF (SRHQ) is a passively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Paralel Advisors LLC launched the ETF in 2022.
The investment seeks to provide investment results (before fees and expenses) that correspond to the SRH U.S. Quality GARP Index.
The index is intended to capture the performance of U.S. companies that exhibit consistent and moderate revenue growth but do not trade at excessive valuations. The Advisor attempts to invest all, or substantially all, of its assets in the common stocks that make up the index. Under normal circumstances, it invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of issuers that are principally traded in the United States.
About SRH U.S. Quality GARP ETF (SRHQ)
There are 3 members of the management team with an average tenure of 3.02 years: Rafael Zayas (2022), Austin Wen (2022) and Yin Bhuyan (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and SRH U.S. Quality GARP USD index with a weighting of 100%. SRH U.S. Quality GARP ETF has 81 securities in its portfolio. The top 10 holdings constitute 18.2% 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.
SRH U.S. Quality GARP ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. SRH U.S. Quality GARP ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.9% There is 0.0% 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). SRH U.S. Quality GARP ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $212 million in total assets, which is below the $4 billion average for the Mid-Cap 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.
SRHQ 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 SRH U.S. Quality GARP ETF expense ratio is below average compared to funds in the Mid-Cap Blend category. SRH U.S. Quality GARP ETF has an expense ratio of 0.35%, which is 22% 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. SRH U.S. Quality GARP ETF has a portfolio turnover rate of 35%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, SRH U.S. Quality GARP ETF returned 3.9%, which earned it a grade of A, as the Mid-Cap Blend category had an average return of -1.6%. 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.
SRH U.S. Quality GARP ETF has a trailing yield of 0.69%, which is below the 0.85% 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.
SRH U.S. Quality GARP ETF Grades
Year to date, the ETF has returned 20.8%, 6.7 percentage points better than the category, which translates into a grade of A. The fund has returned 29.0% over the past year (grade of A) and 17.1% over the past three years (grade of B).
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SRHQ 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 |
|
| SRHQ Return (NAV) | 3.9% | 9.0% | 29.0% | 17.1% | na | na |
| SRHQ Return (Price) | 3.9% | 9.0% | 26.8% | 17.2% | na | na |
| NAV +/- Price Return | -0.031% | -0.036% | 2.195% | -0.049% | na | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| SRHQ Grade (NAV) | A | A | A | B | na | na |
| +/- Category (NAV) | 5.5% | 4.6% | 8.2% | 2.3% | na | na |
| SRHQ Tax-Cost Ratio | na | na | 0.3% | 0.3% | na | na |
SRHQ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SRHQ Return (NAV) | 20.8% | 7.2% | 16.5% | 21.8% | na | na | na | na | na | na | na |
| SRHQ Return (Price) | 20.8% | 7.2% | 16.7% | 21.8% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.001% | -0.009% | 0.008% | -0.000% | na | na | na | na | na | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| SRHQ Grade (NAV) | A | D | B | A | na | na | na | na | na | na | na |
| +/- Category | 6.7% | -3.4% | 0.4% | 4.9% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.81 |
| R-Squared: | 64% |
| Standard Deviation: | 13.3% |
| Category Risk Index: | 0.85 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.08 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 212 Mil |
| Share Class Assets: | $ 212 Mil |
| Turnover: | 35.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 3.0 years | |||
| Managers (Year): Zayas Rafael (2022), Wen Austin (2022), Bhuyan Yin (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 81 |
| % in Top 10 Holdings: | 18.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Paralel Advisors LLC |
| Phone Number: | 877-524-9155 |
| Website: | |
| Inception Date: | October 4, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.45% |
