GWX(GWX)
AI Look-Through Summary
AI GeneratedThe ETF's sector allocation is heavily skewed towards "Other" industries, which comprise nearly 92% of its portfolio, with the remaining sectors holding relatively small weights. This suggests that the fund has a broad exposure to various niche markets, rather than focusing on specific sectors like technology or consumer staples. The presence of financial services and industrials in smaller proportions adds some diversification to the portfolio.
The top holdings are concentrated among a group of 10 stocks, each representing around 0.3% of the portfolio. This concentration risk suggests that the fund's performance may be more volatile than that of a more diversified index or ETF. The weighted P/E and P/B ratios indicate that the fund is positioned at relatively low valuation multiples compared to the market average, which could be beneficial in certain macro environments. However, it remains to be seen how this portfolio would perform in different economic conditions, particularly those characterized by rising interest rates or significant sector rotation.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 09:48:05.343721+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 15/100The investment theme implied by the ticker GWX suggests a specific growth-oriented strategy, yet the provided data reveals a portfolio constructed almost entirely of micro-cap and nano-cap positions with negligible individual weightings. The top holdings collectively account for only 3.3% of assets under management, indicating an extremely fragmented exposure where no single security drives performance or theme alignment. Furthermore, several listed entities lack identifiable sector classifications in the provided dataset, making it impossible to verify if they adhere to any coherent growth narrative. This structural dispersion suggests the fund may be utilizing a broad sampling of small issuers rather than curating a focused set of companies that strictly embody the intended thematic criteria.
Sector weights further underscore a distinct lack of differentiation from a general market index, particularly given their minimal scale relative to total assets. Financial services and industrials dominate with 1.3% and 1.0% respectively, while technology contributes merely 0.4%, which is disproportionately low for an entity named GWX typically associated with innovation or growth sectors. The presence of inflation-protected bonds and commodities-focused holdings introduces asset classes that are often orthogonal to pure equity growth themes, diluting the portfolio's purity. With sector allocations spread so thinly across twelve categories and no significant concentration in any single area, the fund appears more aligned with a passive small-cap index than an active thematic strategy. The data indicates high idiosyncratic risk due to minute position sizes rather than strategic divergence from broad benchmarks.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-20 07:44:45.348041+00
🏢 Sector Analysis
AI GeneratedThe sector allocation profile of GWX presents a distinct anomaly when compared to traditional equity or bond exchange-traded funds, as the vast majority of its assets are distributed across sectors representing less than 2% each. With Financial Services at 1.3%, Industrials and Healthcare both sitting at 1.1%, and Technology comprising only 0.4%, the fund lacks exposure to any single industry group that could drive significant directional movement based on macroeconomic trends specific to those areas. This extreme fragmentation across eleven different sectors suggests an investment thesis centered not on capturing sector-specific growth or defensive rotations, but rather on accessing a highly diversified set of underlying assets where individual company performance is likely driven by idiosyncratic factors rather than broad industry tailwinds.
The concentration risk profile further reinforces this observation, with the top ten holdings collectively accounting for merely 3.0% of the total portfolio. Such low concentration indicates that the fund's primary objective may be capital preservation through extreme diversification or potentially serving as a vehicle to hold specific niche instruments rather than established large-cap equities. The presence of Inflation-Protected Bond and Commodities Focused allocations, albeit minimal at 0.1% each, alongside utility and consumer defensive exposures, hints at an attempt to incorporate various asset classes within a single structure, although the weighting suggests these are not primary drivers of return generation.
Factor tilts inferred from this data point toward a strategy that minimizes exposure to large-cap value or growth premiums typically associated with concentrated sector bets. Instead, the portfolio appears engineered to reduce idiosyncratic risk by spreading capital so thinly across holdings like MGOR and AIXA that no single security can materially impact overall performance. While this approach theoretically mitigates volatility stemming from any one economic cycle affecting a specific industry, it also implies limited potential for outsized gains during periods where certain sectors outperform significantly. The structure prioritizes breadth over depth, resulting in a portfolio where factor exposure is likely muted and heavily dependent on the aggregate behavior of small, disparate components rather than dominant market leaders.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 13:29:45.526837+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share GWX's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 55% of GWX's weight flows through these larger ETFs
41% of GWX's portfolio by weight is also held by SPDW, which commands 44× more assets under management. When SPDW receives inflows, it mechanically buys these shared stocks — dragging GWX's NAV along regardless of any thematic or sector catalyst. Combined, the top 2 overlapping ETFs control exposure to 55% ofGWX's weight.
Overlap computed from constituent-level holdings data across 2 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.
Weighted metrics calculated based on 4% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
Earnings vs. Price Decomposition
ProprietaryGWX is up 16.8% over the last 12 months. The underlying weighted earnings growth of its constituents is +7.3%. The remaining +9.5% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 4% of fund weight with earnings data. Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | ATS | AUSTRIA TECHNOLOGIE + SYSTEM Industrials | 0.33% | 234.2x | — |
| 2 | KLR | KELLER GROUP PLC | 0.33% | — | — |
| 3 | MGOR | MEGA OR HOLDINGS LTD | 0.31% | — | — |
| 4 | TVE | TAMARACK VALLEY ENERGY LTD | 0.30% | — | — |
| 5 | AIXA | AIXTRON SE | 0.27% | — | — |
| 6 | A036930 | JUSUNG ENGINEERING CO LTD | 0.27% | — | — |
| 7 | 7762 | CITIZEN WATCH CO LTD | 0.26% | — | — |
| 8 | 8020 | KANEMATSU CORP | 0.26% | — | — |
| 9 | 6871 | MICRONICS JAPAN CO LTD | 0.24% | — | — |
| 10 | 6407 | CKD CORP | 0.24% | — | — |
| 11 | 6890 | FERROTEC CORP | 0.23% | — | — |
| 12 | BUFAB | BUFAB AB | 0.23% | — | — |
| 13 | 8388 | AWA BANK LTD/THE | 0.22% | — | — |
| 14 | CG | CENTERRA GOLD INC Financial Services | 0.22% | 21.3x | 1/9 |
| 15 | 6498 | KITZ CORP | 0.22% | — | — |
Historical Holdings Snapshots
Browse how GWX’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-19
15 holdings · 3.9% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ATS | 0.33% | 14,248 | — |
| 2 | KLR | 0.33% | 63,350 | — |
| 3 | MGOR | 0.31% | 14,052 | — |
| 4 | TVE | 0.30% | 288,182 | — |
| 5 | AIXA | 0.27% | 51,284 | — |
| 6 | A036930 | 0.27% | 18,286 | — |
| 7 | 7762 | 0.26% | 162,500 | — |
| 8 | 8020 | 0.26% | 171,470 | — |
| 9 | 6871 | 0.24% | 21,200 | — |
| 10 | 6407 | 0.24% | 49,159 | — |
| 11 | 6890 | 0.23% | 40,578 | — |
| 12 | BUFAB | 0.23% | 134,758 | — |
| 13 | 8388 | 0.22% | 39,265 | — |
| 14 | CG | 0.22% | 125,427 | — |
| 15 | 6498 | 0.22% | 131,255 | — |
2026-07-18
15 holdings · 3.9% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ATS | 0.33% | 14,248 | — |
| 2 | KLR | 0.33% | 63,350 | — |
| 3 | MGOR | 0.31% | 14,052 | — |
| 4 | TVE | 0.30% | 288,182 | — |
| 5 | AIXA | 0.27% | 51,284 | — |
| 6 | A036930 | 0.27% | 18,286 | — |
| 7 | 7762 | 0.26% | 162,500 | — |
| 8 | 8020 | 0.26% | 171,470 | — |
| 9 | 6871 | 0.24% | 21,200 | — |
| 10 | 6407 | 0.24% | 49,159 | — |
| 11 | 6890 | 0.23% | 40,578 | — |
| 12 | BUFAB | 0.23% | 134,758 | — |
| 13 | 8388 | 0.22% | 39,265 | — |
| 14 | CG | 0.22% | 125,427 | — |
| 15 | 6498 | 0.22% | 131,255 | — |
2026-07-17
15 holdings · 4.0% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ATS | 0.34% | 14,248 | — |
| 2 | KLR | 0.33% | 63,350 | — |
| 3 | MGOR | 0.31% | 14,052 | — |
| 4 | TVE | 0.30% | 288,182 | — |
| 5 | A036930 | 0.29% | 18,286 | — |
| 6 | AIXA | 0.28% | 51,284 | — |
| 7 | 7762 | 0.27% | 162,500 | — |
| 8 | 8020 | 0.26% | 171,470 | — |
| 9 | 6871 | 0.25% | 21,200 | — |
| 10 | 6407 | 0.25% | 49,159 | — |
| 11 | 6890 | 0.24% | 40,578 | — |
| 12 | CG | 0.23% | 125,427 | — |
| 13 | 8370 | 0.22% | 65,865 | — |
| 14 | 6498 | 0.22% | 131,255 | — |
| 15 | 8388 | 0.22% | 39,265 | — |
2026-07-16
15 holdings · 4.0% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ATS | 0.35% | 14,248 | — |
| 2 | KLR | 0.34% | 63,350 | — |
| 3 | TVE | 0.31% | 288,182 | — |
| 4 | MGOR | 0.30% | 14,052 | — |
| 5 | AIXA | 0.30% | 51,284 | — |
| 6 | A036930 | 0.27% | 18,286 | — |
| 7 | 7762 | 0.26% | 162,500 | — |
| 8 | 8020 | 0.25% | 171,470 | — |
| 9 | 6871 | 0.25% | 21,200 | — |
| 10 | 6407 | 0.24% | 49,159 | — |
| 11 | 6890 | 0.23% | 40,578 | — |
| 12 | CG | 0.23% | 125,427 | — |
| 13 | ALS | 0.23% | 42,786 | — |
| 14 | 8370 | 0.22% | 65,865 | — |
| 15 | KIT | 0.22% | 207,810 | — |
2026-07-15
15 holdings · 4.0% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ATS | 0.35% | 14,248 | — |
| 2 | KLR | 0.34% | 63,350 | — |
| 3 | TVE | 0.31% | 288,182 | — |
| 4 | MGOR | 0.29% | 14,052 | — |
| 5 | AIXA | 0.29% | 51,284 | — |
| 6 | 7762 | 0.26% | 162,500 | — |
| 7 | A036930 | 0.26% | 18,286 | — |
| 8 | 8020 | 0.25% | 171,470 | — |
| 9 | 6871 | 0.25% | 21,200 | — |
| 10 | 6890 | 0.25% | 40,578 | — |
| 11 | 6407 | 0.24% | 49,159 | — |
| 12 | CG | 0.23% | 125,427 | — |
| 13 | 6498 | 0.22% | 131,255 | — |
| 14 | 6101 | 0.22% | 40,900 | — |
| 15 | WDO | 0.22% | 101,658 | — |
2026-07-14
15 holdings · 4.0% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ATS | 0.35% | 14,248 | — |
| 2 | KLR | 0.34% | 63,350 | — |
| 3 | TVE | 0.30% | 288,182 | — |
| 4 | AIXA | 0.29% | 51,284 | — |
| 5 | MGOR | 0.29% | 14,052 | — |
| 6 | 7762 | 0.27% | 162,500 | — |
| 7 | A036930 | 0.27% | 18,286 | — |
| 8 | 6890 | 0.26% | 40,578 | — |
| 9 | 6407 | 0.25% | 49,159 | — |
| 10 | 6871 | 0.25% | 21,200 | — |
| 11 | 8020 | 0.25% | 171,470 | — |
| 12 | CG | 0.23% | 125,427 | — |
| 13 | 6101 | 0.23% | 40,900 | — |
| 14 | KIT | 0.22% | 207,810 | — |
| 15 | 6498 | 0.22% | 131,255 | — |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
What Drove GWX Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current price of GWX at $45.87 sits within a context where Short-Term Moving Average crossovers often serve as key reference points for institutional positioning, though specific crossover directions are not detailed in the provided snapshot. When larger market participants accumulate or distribute shares, they frequently utilize volume trends to mask their activity while establishing dominant price levels. In this scenario, if volume has been expanding alongside upward price momentum near $45.87, it could suggest that institutions are actively building positions rather than merely reacting to retail sentiment. Conversely, a divergence where price rises on diminishing volume might indicate that institutional buying interest is waning or that the current level represents a zone of potential distribution. Price action relative to these moving averages often reveals whether large players view $45.87 as support or resistance. If the stock maintains strength above its Short-Term Moving Average while the Long-Term average remains below, it may signal a bullish bias among sophisticated traders who are comfortable holding through short-term volatility. However, without explicit confirmation of volume surges coinciding with breakouts, one cannot definitively conclude that institutions are driving the current move. The absence of specific crossover data limits the ability to determine if larger entities have recently flipped from net sellers to net buyers or vice versa based solely on this price point. Ultimately, the technical setup at $45.87 reflects a dynamic equilibrium where institutional behavior is inferred through the interplay of price and volume rather than direct observation
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
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.
Yield & Income
Sector Drift Over Time
How GWX’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-07-17.
SecuritiesDB is for informational purposes only. Not investment advice.