Summary
Variant Perception Cycle Aware US Equity ETF is an ETF - a fund traded on an exchange like a stock - run by Variant Perception. Positions inside: 138. The ten largest make up 35% of the fund.
- Yearly costs
- 0.75%
- Fund size
- $66.9M
- Positions
- 138
- Running since
- 2026
What speaks for it
Nothing stands out in its favour.
What to watch
- 94% of the fund is in one country (United States).
- Costs of 0.75% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2026.
- A small fund with $66.9M under management; small funds get closed more often.
- It trades little: only about $399.9K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.2%
- 3 months
- +4.1%
- Avg. market cap
- $1.12T
- P/E
- 21.2x
- Forward P/E
- 17.6x
- P/S
- 3.5x
- P/B
- 4.8x
- P/FCF
- 20.8x
- EV/EBITDA
- 14.2x
- Dividend yield
- 1.13%
- ROIC
- 20.3%
- ROE
- 42.8%
- Gross margin
- 49.9%
- Operating margin
- 30.9%
- Net margin
- 28.1%
- Payout ratio
- 24.0%
- Net debt/EBITDA
- 0.8x
- Beta
- 0.89
Weighted average of the 50 largest companies, which make up 73% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 XOExxon Mobil XOM 5.1%
- 2 NVNvidia NVDA 4.7%
- 3 AVBroadcom AVGO 4.6%
- 4 GOAlphabet GOOGL 4.2%
- 5 CVChevron CVX 3.4%
- 6 MEMeta META 2.9%
- 7 AMAMD AMD 2.8%
- 8 JPJPMorgan JPM 2.7%
- 9 MUMicron MU 2.3%
- 10 COConocoPhillips COP 2.3%
Positions in the fund: 138. The ten largest make up 35% of it.
Composition as of Oct 19, 2026.
Where is it spread?
One countryBy country
- United States 94%
- Ireland 2.1%
- United Kingdom 1.4%
- Singapore 0.5%
- Other countries 2.1%
By company size
- Mega cap 58%
- Large cap 42%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest country: United States (94%). Largest size group: Mega cap (58%).
What does it cost me?
Expensive- A year from $10,000
- $75.00
- Over 20 years
- $3,544
From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.
How has it done?
- Deepest drop
- -5.9%
It has traded for less than a year, too short to judge.
Does it pay dividends?
We have no record of payments from this fund.
Is it easy to buy and sell?
It trades little- Traded a day
- $399.9K
- Shares a day
- 13K
On an average day about $399.9K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 21.2
- Average Bulios Score
- 71 out of 100
Weight by Bulios Fair Price
- Undervalued 16%
- Fairly valued 6.9%
- Overvalued 77%
On average the companies inside trade for 21.2 times their yearly profit. By Fair Price, 77% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 73% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
BA BAMG Brookstone Growth Stock ETF | United States | 0.95% | $133.3M | +16% | Pays out | 49% |
NA NACP Impact Shares NAACP Minority Empowerment ETF | United States | 0.49% | $74.9M | +25% | Pays out | 47% |
GS GSPY Gotham Enhanced 500 ETF | United States | 0.65% | $709.7M | +16% | Pays out | 47% |
MG MGC Vanguard Morningstar Mega Cap ETF | United States | 0.05% | $11.0B | +15% | Pays out | 46% |
SP SPXV ProShares - S&P 500 Ex-Health Care ETF | United States | 0.09% | $40.8M | +14% | Pays out | 46% |
EL EL4I.DE Deka MSCI USA LC UCITS ETF | Germany | 0.30% | $145.3M | +22% | Pays out | 46% |