ETF Evaluator:
Day Hagan Smart Sector International ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
| 53.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.0% | Touchstone Dynamic International ETF (TDI) |
| 36.8% | Harbor International Equity ETF (EPIN) |
| 34.8% | First Eagle Overseas Equity ETF (FEOE) |
| 33.8% | Lazard International Dynamic Equity ETF (IDEQ) |
Risk
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Risk
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ETF Details
Day Hagan Smart Sector International ETF Overview
Day Hagan Smart Sector International ETF (SSXU) is an actively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Day Hagan launched the ETF in 2022.
The investment seeks total return, consisting of income and capital appreciation.
The fund is considered a “fund of funds” that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated international equity ETFs. The fund will attempt to exceed returns of the MSCI ACWI ex USA Index by overweighting and underweighting its exposure to geographic locations relative to the index and may also invest in geographic regions not represented in the index. It is non-diversified.
About Day Hagan Smart Sector International ETF (SSXU)
There are 3 members of the management team with an average tenure of 4.09 years: Donald Hagan (2022), Arthur Day (2022) and Regan Teague (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Day Hagan Smart Sector International ETF has 18 securities in its portfolio. The top 10 holdings constitute 80.3% 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.
Day Hagan Smart Sector International ETF is part of the Equity global asset class and is within the International Equity ETF group. Day Hagan Smart Sector International ETF has 97.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.7% There is 97.4% 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). Day Hagan Smart Sector International ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $43 million in total assets, which is below the $9 billion average for the Foreign 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.
SSXU 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 Day Hagan Smart Sector International ETF expense ratio is high compared to funds in the Foreign Large Blend category. Day Hagan Smart Sector International ETF has an expense ratio of 1.22%, which is 208% 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. Day Hagan Smart Sector International ETF has a portfolio turnover rate of 335%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Day Hagan Smart Sector International ETF returned 0.2%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 1.1%. 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.
Day Hagan Smart Sector International ETF has a trailing yield of 2.58%, which is above the 2.56% 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.
Day Hagan Smart Sector International ETF Grades
Year to date, the ETF has returned 3.4%, 8.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.8% over the past year (grade of F) and 10.4% over the past three years (grade of F).
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SSXU 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 |
|
| SSXU Return (NAV) | 0.2% | -1.8% | 15.8% | 10.4% | na | na |
| SSXU Return (Price) | 0.2% | -1.8% | 15.7% | 10.3% | na | na |
| NAV +/- Price Return | -0.031% | -0.041% | 0.030% | 0.052% | na | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| SSXU Grade (NAV) | D | F | F | F | na | na |
| +/- Category (NAV) | -1.0% | -6.2% | -9.3% | -6.0% | na | na |
| SSXU Tax-Cost Ratio | na | na | 1.1% | 1.0% | na | na |
SSXU Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SSXU Return (NAV) | 3.4% | 27.0% | 5.3% | 9.8% | na | na | na | na | na | na | na |
| SSXU Return (Price) | 2.9% | 27.5% | 5.3% | 9.5% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.136% | 0.019% | 0.004% | -0.027% | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| SSXU Grade (NAV) | F | D | B | F | na | na | na | na | na | na | na |
| +/- Category | -8.7% | -4.2% | 0.0% | -7.0% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.72 |
| R-Squared: | 85% |
| Standard Deviation: | 10.9% |
| Category Risk Index: | 0.83 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.88 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 44 Mil |
| Share Class Assets: | $ 44 Mil |
| Turnover: | 335.0% |
| Expense Ratio: | 1.22% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI Ex USA 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: 4.1 years | |||
| Average Tenure: 4.1 years | |||
| Managers (Year): Hagan Donald (2022), Day Arthur (2022), Teague Regan (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 80.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 97.4% |
Portfolio Allocation |
|
| Domestic Stock: | 1.7% |
| Foreign Stock: | 97.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Day Hagan |
| Phone Number: | 800-594-7930 |
| Website: | https://www.eventideinvestments.com/etfs |
| Inception Date: | June 30, 2022 |
Expenses and Fees
| Expense Ratio (%): | 1.22% (Rating: High) |
| Category Average Expense Ratio (%): | 0.40% |
