ETF Evaluator:
Subversive Growth 100 Redacted ETF ()
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(as of )
Best Performing in Large Growth Over the Last Year
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ETF Details
Subversive Growth 100 Redacted ETF Overview
Subversive Growth 100 Redacted ETF (XXQQ) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Tidal Investments LLC launched the ETF in 2026.
The investment seeks capital appreciation.
The fund will invest at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in a portfolio consisting of exposure to the equity securities of growth companies (i.e., companies included in the Nasdaq-100 Index), other than the equity securities of the Excluded Enterprises. The Nasdaq-100 Index includes approximately 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. It is non-diversified.
About Subversive Growth 100 Redacted ETF (XXQQ)
There are 3 members of the management team with an average tenure of 0.06 years: Dan Weiskopf (2026), Cory Reed (2026) and Stephen Foy (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Subversive Growth 100 Redacted ETF has 101 securities in its portfolio. The top 10 holdings constitute 48.5% 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.
Subversive Growth 100 Redacted ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Subversive Growth 100 Redacted ETF has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.1% There is 2.8% 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). Subversive Growth 100 Redacted ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $908 million in total assets, which is below the $7 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.
XXQQ 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 Subversive Growth 100 Redacted ETF expense ratio is below average compared to funds in the Large Growth category. Subversive Growth 100 Redacted ETF has an expense ratio of 0.30%, which is 40% 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. Subversive Growth 100 Redacted ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of October 2026, Subversive Growth 100 Redacted ETF returned 0.0%, which earned it a grade of NA, as the Large Growth category had an average return of -5.0%. 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.
Subversive Growth 100 Redacted ETF has a trailing yield of 0.00%, which is below the 0.43% 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.
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XXQQ Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XXQQ Return (NAV) | na | na | na | na | na | na |
| XXQQ Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Large Growth Avg | -5.0% | -0.5% | 2.8% | 23.0% | 8.2% | 15.7% |
| XXQQ Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| XXQQ Tax-Cost Ratio | na | na | na | na | na | na |
XXQQ Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XXQQ Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| XXQQ Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 5.1% | 16.8% | 30.6% | 39.2% | -31.4% | 20.6% | 40.9% | 32.9% | -1.7% | 29.0% | 4.4% |
| XXQQ Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.30% |
| Index Fund: | No |
| Index Tracked: | N/A |
| 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: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Weiskopf Dan (2026), Reed Cory (2026), Foy Stephen (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 101 |
| % in Top 10 Holdings: | 48.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.8% |
Portfolio Allocation |
|
| Domestic Stock: | 97.1% |
| Foreign Stock: | 2.8% |
| 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: | Tidal Investments LLC |
| Phone Number: | 877-291-4040 |
| Website: | |
| Inception Date: | October 8, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.50% |
