What Is the ROE ETF? A Complete Guide to Returns, Fees, Holdings, and Alternative ETFs
The Astoria US Equal Weighted Quality Kings ETF (ROE) is an actively managed ETF that holds large- and mid-cap U.S. quality stocks at equal weights. Its diversified structure reduces single-stock concentration, and the key selection criteria are how its weighting method, fees, and dividends differ from market-cap-weighted quality ETFs such as QUAL and SPHQ.
SubscribeWhat Is the Astoria US Equal Weighted Quality Kings ETF?
This is an actively managed ETF that selects high-quality U.S. large- and mid-cap companies with strong profitability and financial health and holds them at equal weights. It allocates across roughly 100 stocks while taking sector balance into account.
It suits investors who want to diversify across U.S. quality stocks while reducing concentration in individual names.
The ETF is actively managed by Astoria Portfolio Advisors.
How Do You Invest in the Astoria US Equal Weighted Quality Kings ETF?
| Item | Details |
|---|---|
| Tracked index | None (actively managed) |
| Management style | Active (quality stock selection) |
| Rebalancing frequency | Regular rebalancing |
| Dividend frequency | Quarterly |
| Total expense ratio | 0.49% |
The fund first selects U.S. large- and mid-cap stocks with strong quality metrics, such as profitability and financial stability, and then holds them at roughly equal weights. It also adjusts sector allocations so that the portfolio does not lean too heavily on any one industry or a handful of mega-cap stocks.
- A structure that combines quality screening with equal weighting
- Diversification that takes sector balance into account
Astoria US Equal Weighted Quality Kings ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) are $252.6M, and the total expense ratio is 0.49% per year.
Compared with the market-cap-weighted quality ETFs QUAL and SPHQ, the weighting method is different, and because of the equal-weight structure, mid-cap and smaller constituents contribute relatively more to returns.
Astoria US Equal Weighted Quality Kings ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeGiven its focus on quality stocks, the portfolio tends to follow the broader market, but its equal-weight structure tends to produce performance gaps versus market-cap-weighted ETFs, depending on whether large caps are dominating the market.
Fund flows follow demand from investors seeking both the quality factor and diversification, and in periods of rising market volatility, attention can turn to high-quality stocks with strong financial health.
Astoria US Equal Weighted Quality Kings ETF Strengths and Weaknesses
Its main strength is a diversified structure combining quality screening with equal weighting, while its weaknesses are relatively high fees from active management and a short track record.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the Astoria US Equal Weighted Quality Kings ETF
Within the same quality category, ETFs shown in the table such as QUAL, SPHQ, and DGRW are passive, market-cap-weighted products with relatively low fees. To compare the equal-weight method itself, RSP, which holds the S&P 500 at equal weights, is a direct reference point. For other approaches to quality stocks, you can also consider MOAT, which selects companies based on economic moats, and FQAL, which is based on the quality factor.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 QUAL | iShares MSCI USA Quality Factor ETF | $222.01 | -0.2% | $48.1B | 0.15% | 0.85% | +13.1% |
 SPHQ | Invesco S&P 500 Quality ETF | $83.14 | +0.2% | $18.5B | 0.15% | 1.04% | +12.3% |
 DGRW | WisdomTree U.S. Quality Dividend Growth Fund | $98.20 | -0.3% | $16.9B | 0.28% | 1.25% | +10.2% |
 JQUA | JPMorgan U.S. Quality Factor ETF | $75.37 | -0.2% | $9.6B | 0.12% | 1.05% | +20.2% |
 QGRW | WisdomTree U.S. Quality Growth Fund | $63.95 | -0.9% | $3.1B | 0.28% | 0.08% | +6.5% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| DELL | Dell Technologies Inc | 0.02% | $392.78 | -7.4% | $249.7B | 22.8 | 0.64% |
 CRDO | Credo Technology Group Holding Ltd | 0.02% | $140.02 | -7.3% | $26.3B | 50.0 | - |
| PLTR | Palantir Technologies Inc | 0.02% | $178.34 | -3.1% | $428.6B | 152.0 | - |
| MU | Micron Technology Inc | 0.02% | $833.59 | -5.8% | $943.1B | 11.2 | 0.09% |
| QCOM | Qualcomm Inc | 0.02% | $162.08 | -1.6% | $173.1B | 18.8 | 2.23% |
| WDC | Western Digital Corp | 0.03% | $338.59 | -7.5% | $126.7B | 13.2 | 0.19% |
| STX | Seagate Technology Holdings Plc | 0.01% | $593.76 | -7.9% | $136.3B | 31.2 | 0.52% |
| ADBE | Adobe Inc | 0.01% | $251.47 | +0.5% | $97.9B | 14.0 | - |
 SANM | Sanmina Corp | 0.01% | $159.18 | -3.9% | $8.5B | 28.5 | - |
Astoria US Equal Weighted Quality Kings ETF Investor Checkpoints
Here are the points to review before investing in ROE. Because it is an actively managed ETF, it is best to check its cost structure, the characteristics of the equal-weight method, and its track record together.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the long-term impact of active management costs | Somewhat high |
| ⚖️ Weighting method | Understand the performance gap between equal weighting and market-cap weighting | Needs review |
| 📊 Diversification | Check the level of sector and stock diversification | Broadly diversified |
| 💱 Currency | Impact on returns converted to Korean won | Not currency hedged |
The fee burden from active management and the short track record are the main factors to review. The equal-weight structure can lag market-cap-weighted ETFs when large caps are leading the market.
It is an option worth considering for investors who want to diversify across U.S. quality stocks while reducing large-cap concentration. If cost matters most, you can look at passive quality ETFs such as QUAL and SPHQ, and if the diversification benefit of equal weighting matters more, you can consider ROE.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 18, 2026.
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