What Is the XOVR ETF? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
An actively managed ETF with a distinctive hybrid strategy that invests in listed innovative companies while also gaining exposure to late-stage private companies that are hard for ordinary investors to access.
SubscribeWhat Is This ETF?
It pursues a crossover strategy that spans the boundary between public and private companies. Using a proprietary entrepreneurship score, it selects and holds innovative companies with strong growth expectations.
It suits long-term, growth-oriented investors who want to participate in the growth of private innovative companies beyond the public markets.
It is an actively managed ETF launched in 2024 by EntrepreneurShares.
How Does It Invest?
| Item | Details |
|---|---|
| Tracked Index | Active strategy (proprietary algorithm) |
| Management Style | Active (crossover strategy) |
| Rebalancing Frequency | Ad hoc rebalancing |
| Dividend Frequency | Annual dividend |
| Expense Ratio | 1.81% |
A substantial portion of the portfolio is allocated to innovative listed companies, and the remainder is invested in promising private companies through vehicles such as special purpose entities. The fund aims to capture the gains in corporate value both before and after a company goes public, while offering the liquidity of daily trading.
- Exposure to private companies that is rare among conventional ETFs
- Refined stock selection based on entrepreneurship metrics
Size and Costs
Assets under management (AUM) stand at $1.5B, and the expense ratio is 1.81% per year.
Because the strategy includes private assets, its fees are somewhat higher than those of typical index ETFs, but it stands out by offering access to alternative investment opportunities.
Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe share price has shown volatility in response to the interest rate environment and shifting sentiment toward technology stocks, and performance has tended to diverge depending on when the private assets are revalued.
The fund is drawing attention from investors looking for alternatives to the traditional public equity market, with inflows coming from capital seeking better access to private innovative companies.
Strengths and Weaknesses
The fund offers an early-stage investment opportunity in private companies, but valuation changes and liquidity risk in those assets deserve careful attention.
💪 Key Strengths
⚠️ Points of Caution
Alternative ETFs and Related Products
While ARKK, shown in the table, focuses on listed innovative growth stocks, XOVR goes a step further by also covering assets at the private stage. DYNF and THRO are active products focused on style rotation depending on market conditions. For investors who want to concentrate on companies just after listing, products such as IPO or FPX can be considered as direct substitutes, and XT is also worth considering for broader exposure to technology innovation themes.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 DYNF | iShares U.S. Equity Factor Rotation Active ETF | $68.56 | +0.8% | $42.0B | 0.26% | 0.82% | +14.4% |
 THRO | iShares U.S. Thematic Rotation Active ETF | $43.95 | +0.9% | $7.4B | 0.57% | 0.3% | +14.7% |
 ARKK | ARK Innovation ETF | $81.84 | -0.2% | $6.0B | 0.75% | - | -8.4% |
 JMEE | JPMorgan Small & Mid Cap Enhanced Equity ETF | $74.20 | +0.8% | $2.9B | 0.24% | 0.98% | +15.0% |
 PSC | Principal U.S. Small-Cap ETF | $68.38 | +0.7% | $2.7B | 0.38% | 0.59% | +18.3% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.14% | $216.00 | +2.4% | $5.21T | 27.3 | 0.36% |
| ALAB | Astera Labs Inc | 0.08% | $259.51 | +0.9% | $45.0B | 127.8 | - |
| GOOG | Alphabet Inc | 0.07% | $314.19 | -1.0% | $3.84T | 15.8 | 0.26% |
| META | Meta Platforms Inc | 0.08% | $630.56 | -1.9% | $1.61T | 21.5 | 0.3% |
| APP | Applovin Corp | 0.04% | $260.74 | +0.2% | $87.3B | 20.0 | - |
| NTRA | Natera Inc | 0.04% | $404.90 | +0.2% | $58.4B | - | - |
| HOOD | Robinhood Markets Inc | 0.04% | $92.84 | -2.4% | $83.5B | 41.1 | - |
| VEEV | Veeva Systems Inc | 0.03% | $318.18 | -1.5% | $51.5B | 52.4 | - |
Investor Checkpoints
Unlike a typical equity ETF, XOVR includes special exposure to private assets, so before investing, please use the checklist below to fully understand its risks and fee structure.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 🏢 Private Allocation | Level of private asset allocation within the overall portfolio | Normal range |
| 📉 Valuation | Valuation frequency and methodology for private assets | Regular updates |
| 💸 Expense Ratio | Understand the difference between contractual and actual fees | Needs review |
| 🌊 Liquidity | Intraday trading volume and bid-ask spread levels | Maintained |
There is a constant risk that private companies will fall short of expectations or that asset values will decline during revaluation. The fund is also exposed to the inherent volatility of a growth-stock-focused portfolio.
It is an intriguing option for investors who want to enjoy the fruits of growth from both private startups and listed innovative companies. However, given its high costs and distinctive risks, it is recommended to use it as one part of a broader portfolio.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
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