ETF Evaluator:
ERShares Private-Public Crossover ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Growth Over the Last Year
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ETF Details
ERShares Private-Public Crossover ETF Overview
ERShares Private-Public Crossover ETF (XOVR) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). EntrepreneurShares launched the ETF in 2017.
The investment seeks long-term capital appreciation.
The fund invests primarily in equity securities of mid and large capitalization companies traded on the NASDAQ, the New York Stock Exchange or other major U.S. exchanges. Equity securities include common stocks, preferred stocks, convertible preferred stocks, American Depositary Receipts (ADRs) (sponsored only) and Global Depositary Receipts (GDRs) (sponsored only). The fund is non-diversified.
About ERShares Private-Public Crossover ETF (XOVR)
There are 1 members of the management team with an average tenure of 8.73 years: Joel Shulman (2017). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 1000 Growth TR USD index with a weighting of 100% and Entrepreneur Shares 30 TR USD index with a weighting of 100%. ERShares Private-Public Crossover ETF has 33 securities in its portfolio. The top 10 holdings constitute 56.8% 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.
ERShares Private-Public Crossover ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. ERShares Private-Public Crossover ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 84.2% 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). ERShares Private-Public Crossover ETF has -0.1% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $8 billion average for the Large Growth 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.
XOVR 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 ERShares Private-Public Crossover ETF expense ratio is above average compared to funds in the Large Growth category. ERShares Private-Public Crossover ETF has an expense ratio of 0.75%, which is 52% 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. ERShares Private-Public Crossover ETF has a portfolio turnover rate of 66%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, ERShares Private-Public Crossover ETF returned -11.5%, which earned it a grade of F, as the Large Growth category had an average return of -3.8%. 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.
ERShares Private-Public Crossover ETF has a trailing yield of 0.00%, which is below the 0.53% 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.
ERShares Private-Public Crossover ETF Grades
Year to date, the ETF has returned -5.1%, 11.3 percentage points worse than the category, which translates into a grade of F. The fund has returned -3.3% over the past year (grade of F), 14.1% over the past three years (grade of F) and 3.3% per year over the past five years (grade of F).
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XOVR 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 |
|
| XOVR Return (NAV) | -11.5% | 2.9% | -3.3% | 14.1% | 3.3% | na |
| XOVR Return (Price) | -11.6% | 0.5% | -5.3% | 13.3% | 2.8% | na |
| NAV +/- Price Return | 0.104% | 2.380% | 2.039% | 0.827% | 0.417% | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| XOVR Grade (NAV) | F | C | F | F | F | na |
| +/- Category (NAV) | -7.8% | 0.2% | -16.3% | -5.5% | -6.6% | na |
| XOVR Tax-Cost Ratio | na | na | 0.0% | 0.0% | 2.5% | na |
XOVR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XOVR Return (NAV) | -5.1% | 11.4% | 33.3% | 51.3% | -40.5% | -9.3% | 50.4% | 31.7% | -4.7% | na | na |
| XOVR Return (Price) | -7.6% | 11.8% | 33.2% | 51.9% | -41.1% | -8.5% | 50.3% | 31.7% | -5.0% | na | na |
| NAV +/- Price Ret | 0.489% | 0.038% | -0.004% | 0.011% | 0.014% | -0.082% | -0.001% | 0.2% | 8.5% | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| XOVR Grade (NAV) | F | F | B | A | F | F | A | D | D | na | na |
| +/- Category | -11.3% | -5.5% | 2.9% | 12.7% | -9.8% | -31.0% | 13.1% | -1.3% | -2.5% | na | na |
| Risk Measures | |
| Beta: | 1.39 |
| R-Squared: | 63% |
| Standard Deviation: | 22.9% |
| Category Risk Index: | 1.24 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.87 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 1,757 Mil |
| Share Class Assets: | $ 1,757 Mil |
| Turnover: | 66.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | Russell 1000 Growth TR USD |
| 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: 8.7 years | |||
| Average Tenure: 8.7 years | |||
| Managers (Year): Shulman Joel (2017) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 56.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 84.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 15.9% |
| Cash: | -0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | EntrepreneurShares |
| Phone Number: | 877-271-8811 |
| Website: | www.ershares.com |
| Inception Date: | November 7, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
