ETF · Broad Market

RDVY(RDVY)

$79.69
+0.68%
Expense Ratio
$19.9B
Total AUM
Holdings
Inception
Active Share vs VOO
Moderate
0%20%60%100%
59.2%

AI Look-Through Summary

AI Generated

The portfolio's sector allocation is heavily skewed towards Technology, which accounts for nearly two-thirds of its holdings. This is particularly evident in the top holdings list, where semiconductor and chipmakers like LRCX, AMAT, KLAC, and MPWR are prominent. The fund's exposure to Communication Services and Consumer Cyclical sectors is also noteworthy, with Google (GOOGL) being a significant holding.

The portfolio's valuation posture appears elevated, with a weighted P/E ratio of 33.2x and a weighted P/B ratio of 16.03x. This could indicate that the fund holds companies with high price multiples, which may be vulnerable to downward revisions if growth expectations are not met. The concentration risk is moderate due to the presence of several large-cap holdings, including LRCX and GOOGL, but the sector mix is relatively diversified compared to the broader market. A favorable macro environment for this portfolio would likely involve sustained demand for technology products and services, while a decline in global economic growth or increased competition could pose challenges to its performance.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-06-20 08:09:22.137263+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 65/100

The investment theme implied by the name RDVY suggests a focus on robotics and automation, yet the actual holdings display a significant deviation from this specific narrative. While several top positions such as LRCX, AMAT, KLAC, and MPWR are integral to semiconductor manufacturing required for advanced robotics components, their classification under broad Technology sectors dilutes the direct thematic link. Furthermore, the inclusion of unrelated entities like BKR in Energy, BK in Financial Services, and ROST in Consumer Cyclical indicates that the fund's composition extends well beyond pure-play automation or robotics exposure. The presence of these diverse holdings suggests the portfolio may be utilizing a broader market approach to generate stability rather than maintaining a strict adherence to a narrow thematic strategy.

Sector coherence reveals a fragmented landscape where technology represents only 12.7% of the total weight, despite containing multiple heavyweights essential for automation infrastructure. This low allocation relative to typical sector-focused funds implies that the fund is not heavily concentrated in any single industry vertical but rather spreads risk across disparate sectors including Industrials and Communication Services. The top-ten concentration of 28.4% indicates a moderate level of diversification within the largest positions, yet the mix of industries prevents clear differentiation from a broad market index like the S&P 500. Consequently, while the fund includes key enablers for automation through its semiconductor and industrial holdings, the overall structure lacks the sector purity expected from a dedicated robotics theme, blending thematic elements with general large-cap exposure to mitigate volatility.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-22 22:05:03.75852+00

🏢 Sector Analysis

AI Generated

The sector allocation profile of RDVY reveals a distinct concentration within the Technology and Industrials sectors, which collectively account for 15.8% of the portfolio despite representing only two broad categories in the provided breakdown. The top five holdings are heavily skewed toward semiconductor equipment manufacturers like LRCX, AMAT, and KLAC, alongside GOOGL from Communication Services, indicating a specific tilt toward capital-intensive growth drivers rather than a balanced exposure across all technology sub-sectors. This narrow focus on four companies within the Technology sector alone suggests that while the fund aims to capture innovation themes, its actual risk profile is significantly influenced by the performance of these few large-cap names in hardware and digital infrastructure.

The data highlights substantial concentration risk, evidenced by the top-10 holdings comprising 28.4% of total assets under management. Such a high weighting implies that market volatility affecting any single leader could materially impact overall portfolio returns, as there is limited diversification to buffer against sector-specific downturns or company-level idiosyncrasies. The minimal allocations in other sectors such as Energy and Financial Services further underscore an aggressive thematic approach rather than broad market representation. Consequently, the fund's investment thesis appears centered on high-conviction bets regarding advanced manufacturing and digital services growth, potentially sacrificing breadth for targeted exposure to companies with significant capital expenditures and revenue expansion potential.

From a factor tilt perspective, this structure suggests a heavy bias toward momentum and size factors, as the top holdings are established leaders in their respective niches rather than small-cap or value-oriented names. The reliance on specific industry sub-sectors like semiconductors also introduces sensitivity to cyclical demand patterns for chips and broader macroeconomic conditions affecting industrial output. While this strategy may offer amplified returns during periods of technological acceleration, the lack of diversification across other economic drivers means the portfolio's performance will likely mirror the fortunes of its largest constituents more closely than a broadly diversified equity vehicle would.

AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 15:21:06.973881+00

Flow Driver Analysis

2-Step Circle

Which larger ETFs share RDVY's holdings — and mechanically drive its price through index rebalancing flows?

Approximately 100% of RDVY's weight flows through these larger ETFs

Driver ETFAUMExpenseShared StocksWeight Overlap
SPTMSPTM$12B1029.2%
ONEOONEO$25M1029.2%
QUSQUS$1B926.9%
VTVT$80B926.9%
SPYState Street SPDR S&P 500 ETF Trust$640B0.09%926.9%

29% of RDVY's portfolio by weight is also held by SPTM. When SPTM receives inflows, it mechanically buys these shared stocks — dragging RDVY's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofRDVY's weight.

Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.

ETF Look-Through Dashboard

Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.

33.9x
Weighted P/E
22.89x
Weighted P/B
$661B
Wtd Avg Market Cap

Herfindahl-Hirschman Concentration Index

0100020003000400090
Well Diversified
Top 5: 17.2%Top 10: 29.2%

Morningstar-Style Box

Value
Blend
Growth
Large
Mid
Small
Large Growth

Sector & Cap Explorer

Technology48.5%Other15.9%Communication Services9.6%Industrials9.5%Consumer Cyclical8.5%Energy8.1%
Visualization Mode

ETF Fundamental Radar

Total Analysis
27% Weight
Market Cap
Mega
Risk Profile
Low Risk

Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.

Piotroski F-Score (Operational Health)

Score 0-9: Measures Profitability, Leverage, and Efficiency

↑ Weight (%)100%80%60%40%20%
0%
0–3 Weak
17%
4–6 Average
10%
7–9 Strong

Based on 27% of fund weight with Piotroski data.

Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation.

Dividend Safety True-Up

Deterministic
23%
Wtd FCF Payout Ratio
0.00%
TTM Yield
Very Safe
Dividend Durability
23% of FCF
0% (retains all cash)50%100% (pays out everything)

The dividend-paying companies inside RDVY collectively pay out 23% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 27% of fund weight in dividend-paying stocks.

FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.

Earnings vs. Price Decomposition

Proprietary
+31.3%
ETF 1Y Return
+33.4%
Wtd Earnings Growth
-2.0%
Multiple Contraction
Earnings

RDVY is up 31.3% over the last 12 months. The underlying weighted earnings growth of its constituents is +33.4%. Despite earnings growth, valuations have contracted by 2.0% — the market is paying less per dollar of earnings than a year ago.

Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 27% of fund weight with earnings data. Not investment advice.

Value Creation Map

ROIC vs WACC

What percentage of RDVY's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?

69% Creators
Value Creators (ROIC > WACC)16.9%
Value Destroyers7.7%

Of RDVY's analyzed weight, 69% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 31% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.

ROIC-WACC spread for 25% of fund weight with available data. Not investment advice.

Passive Crowding Score

MODERATE

How much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.

40/ 100
Wtd Avg Passive Ownership12.1%
Most Crowded HoldingBKR (20.7%)
Least CrowdedGOOGL (5.2%)
Coverage29% of fund weight
0 — Low255075100 — Extreme

RDVY has a Passive Crowding Score of 40/100. On average, 12.1% of the market capitalization of RDVY's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.

Passive $ = Σ(ETF AUM × holding weight) across all 37 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.

Under the Hood — Top 10 Constituents

Top 10 Concentration29.2%
#TickerCompanyWeightP/EF-Score
1LRCX
Lam Research Corp
Technology
4.53%
73.7x7/9
2AMAT
Applied Materials Inc
Technology
3.75%
58.1x6/9
3KLAC
KLA Corp
Technology
3.32%
73.3x8/9
4GOOGL
Alphabet Inc Class A
Communication Services
2.79%
28.1x6/9
5GEV
GE Vernova Inc
Industrials
2.77%
32.5x6/9
6MPWR
Monolithic Power Systems Inc
Technology
2.53%
112.2x5/9
7ROST
Ross Stores Inc
Consumer Cyclical
2.48%
32.6x6/9
8BKR
Baker Hughes Co Class A
Energy
2.35%
18.7x7/9
9BNY
Bank of New York Mellon Corp
2.33%
17.3x
10MLI
Mueller Industries Inc
2.30%
15.8x6/9

Historical Holdings Snapshots

Browse how RDVY’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.

2026-06-22

10 holdings · 29.2% tracked weight
#TickerWeightSharesMarket Value
1LRCX4.53%
2AMAT3.75%
3KLAC3.32%
4GOOGL2.79%
5GEV2.77%
6MPWR2.53%
7ROST2.48%
8BKR2.35%
9BNY2.33%
10MLI2.30%

2026-06-21

10 holdings · 29.2% tracked weight
#TickerWeightSharesMarket Value
1LRCX4.53%
2AMAT3.75%
3KLAC3.32%
4GOOGL2.79%
5GEV2.77%
6MPWR2.53%
7ROST2.48%
8BKR2.35%
9BNY2.33%
10MLI2.30%

2026-06-20

10 holdings · 29.2% tracked weight
#TickerWeightSharesMarket Value
1LRCX4.53%
2AMAT3.75%
3KLAC3.32%
4GOOGL2.79%
5GEV2.77%
6MPWR2.53%
7ROST2.48%
8BKR2.35%
9BNY2.33%
10MLI2.30%

2026-06-19

10 holdings · 29.2% tracked weight
#TickerWeightSharesMarket Value
1LRCX4.53%
2AMAT3.75%
3KLAC3.32%
4GOOGL2.79%
5GEV2.77%
6MPWR2.53%
7ROST2.48%
8BKR2.35%
9BNY2.33%
10MLI2.30%

2026-06-18

10 holdings · 29.2% tracked weight
#TickerWeightSharesMarket Value
1LRCX4.53%
2AMAT3.75%
3KLAC3.32%
4GOOGL2.79%
5GEV2.77%
6MPWR2.53%
7ROST2.48%
8BKR2.35%
9BNY2.33%
10MLI2.30%

2026-06-17

10 holdings · 29.2% tracked weight
#TickerWeightSharesMarket Value
1LRCX4.53%
2AMAT3.75%
3KLAC3.32%
4GOOGL2.79%
5GEV2.77%
6MPWR2.53%
7ROST2.48%
8BKR2.35%
9BNY2.33%
10MLI2.30%

Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.

Risk Profile

18.8%
Annual Volatility
1.65
Sharpe (1Y)
0.92
Sharpe (3Y)
-19.1%
Max Drawdown (3Y)
-25.3%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.

Price Chart with Moving Averages

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What Drove RDVY Today?

Daily return attribution — which holdings contributed most (and least) to the fund's move.

Fund move:+0.68%(2026-06-22)

Top Contributors

+0.290%
+0.202%
+0.180%

Top Detractors

-0.005%
-0.065%

Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Yield & Income

0.00%
TTM Yield
30-Day SEC Yield
5Y Div CAGR

Sector Drift Over Time

How RDVY’s sector allocation has shifted across snapshots. Use the slider to travel through time.

2026-06-2267 snapshots
Technology48.5%
Other15.9%
Communication Services9.6%
Industrials9.5%
Consumer Cyclical8.5%
Energy8.1%
Change since 2026-03-30
Financial Services
-7.6%
Other
+7.6%
Industrials
+1.2%
Energy
-1.0%
Technology
-0.7%
Communication Services
+0.4%
2026-03-302026-06-22

Active Conviction Tracker

Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.

No position changes detected between snapshots.

Explore More

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-22.

SecuritiesDB is for informational purposes only. Not investment advice.