XRT(XRT)
AI Look-Through Summary
AI GeneratedThe XRT ETF maintains a relatively modest asset base of $200 million, which suggests lower liquidity compared to larger-scale vehicles in the same space. Its sector allocation is heavily skewed toward consumer cyclical industries, accounting for 43.6% of total exposure, while defensive sectors comprise only about one-tenth of the portfolio at 10.8%. This structural tilt implies that the fund's performance will be significantly correlated with discretionary spending trends rather than essential goods demand. The concentration within this primary sector is notable given the specific composition of top holdings; positions in major e-commerce and retail entities like Amazon, eBay, and Etsy each represent approximately 1.6% to 1.8% of assets under management. While individual weights appear moderate on their own, the cumulative effect of holding multiple large-cap consumer names alongside smaller or less clearly defined issuers creates a dense cluster within this single industry classification.
Geographic exposure cannot be explicitly derived from the provided data points, as ticker symbols and sector labels do not inherently reveal country-specific allocations without external mapping. However, the presence of global giants like Amazon and eBay suggests a significant footprint in developed markets where e-commerce infrastructure is mature. Quantitatively, the fund exhibits a high degree of idiosyncratic risk due to its reliance on a narrow set of consumer cyclical drivers rather than broad market diversification. The top ten holdings collectively represent a substantial portion of the portfolio's value, with several names tied at identical weightings, indicating a potential rebalancing strategy or similar investment thresholds among fund managers tracking this specific mandate. Investors examining this vehicle should weigh the benefits of concentrated exposure to leading digital and physical retail players against the lack of diversification across defensive sectors and potentially varying geographic regions not detailed in the current snapshot.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-23 23:50:27.018707+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The thematic alignment between the fund's name and its actual composition reveals a significant divergence. While the ticker XRT typically denotes exposure to regional banks, the provided holdings list consists almost entirely of retail-focused entities within the Consumer Cyclical sector, such as eBay, Amazon, and Etsy, alongside several unclassified positions like HZO and MUSA that do not fit a banking narrative. This discrepancy suggests the fund may be utilizing a thematic name while tracking assets driven by consumer spending patterns rather than financial services leverage or regional economic indicators found in traditional bank indices. The presence of multiple holdings marked as "N/A" further obscures whether these specific positions are intended to support a broader theme or if they represent data gaps that weaken the stated investment thesis.
Sector coherence is present but limited, with Consumer Cyclical stocks dominating at 43.6%, yet this concentration does not differentiate the fund from broad consumer indices given the heavy weighting toward mega-cap retailers like Amazon and eBay in the top positions. The secondary exposure to Consumer Defensive sectors adds stability but dilutes any potential for high-growth thematic returns associated with volatile retail cycles. Although the top-10 concentration remains relatively low at 17.2%, indicating a diversified portfolio within its chosen sector, the fundamental disconnect between the implied banking theme and the actual retail-heavy asset allocation creates ambiguity regarding the fund's true risk profile. Investors observing these holdings would likely find that the performance drivers are more closely tied to e-commerce trends than regional credit quality or interest rate sensitivity associated with bank stocks.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 19:02:03.079478+00
🏢 Sector Analysis
AI GeneratedThe XRT ETF exhibits a pronounced exposure to the Consumer Cyclical sector, which accounts for 43.6% of its portfolio across thirty-three holdings. This heavy weighting suggests an investment thesis centered on companies whose revenues fluctuate significantly with economic cycles and consumer discretionary spending power. In contrast, the allocation to Consumer Defensive stocks stands at only 10.8%, indicating a deliberate underweighting relative to typical broad market benchmarks that often seek stability through these sectors during periods of uncertainty. This structural tilt implies the fund is positioned for environments where robust consumer demand persists but may not prioritize capital preservation over growth potential derived from cyclical trends.
Concentration risk within this vehicle appears moderate, with the top ten holdings comprising just 17.2% of total assets under management. Despite having only five specific securities listed among the largest positions, their individual weights hover around 1.8%, suggesting a strategy that favors diversification across many names rather than relying on heavy reliance in mega-cap leaders like Amazon or eBay. The presence of multiple holdings with identical weightings further points to an index-tracking methodology designed to maintain uniform representation within sector buckets rather than actively concentrating capital on perceived outperformers.
Factor tilts inferred from this allocation profile likely include a bias toward momentum and growth, given the dominance of consumer discretionary names which often trade at higher valuations compared to defensive peers. However, the relatively low concentration in any single top holding mitigates some of the idiosyncratic risks associated with individual stock volatility. Ultimately, the fund's structure reflects a clear bet on cyclical economic expansion while maintaining sufficient breadth across thirty-three sector-specific names to dilute exposure to any single corporate event or industry shock.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 13:02:52.087513+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share XRT's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of XRT's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| SPTMSPTM | $12B | — | 59 | 81.9% |
| VCRVCR | $6B | — | 58 | 76.9% |
| ONEOONEO | $25M | — | 38 | 52.4% |
| VFVAVFVA | $758M | — | 26 | 36.2% |
| VBRVBR | $62B | — | 23 | 33.2% |
82% of XRT's portfolio by weight is also held by SPTM, which commands 54× more assets under management. When SPTM receives inflows, it mechanically buys these shared stocks — dragging XRT's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofXRT'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
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 84% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
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
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside XRT collectively pay out 104% of their Free Cash Flow to maintain the current yield. Warning: constituent companies are paying out nearly all cash flow. A wave of dividend cuts may be imminent if earnings decline. Based on 43% 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
ProprietaryXRT is up 8.9% over the last 12 months. The underlying weighted earnings growth of its constituents is +11.5%. Despite earnings growth, valuations have contracted by 2.6% — 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 93% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of XRT's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of XRT's analyzed weight, 61% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 39% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 73% of fund weight with available data. Not investment advice.
Passive Crowding Score
LOWHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
XRT has a low Passive Crowding Score of 23/100. On average, 6.8% of the market capitalization of XRT's underlying holdings is structurally locked in passive ETF vehicles. This indicates relatively low passive crowding — the underlying stocks have ample active-market liquidity to absorb ETF-driven flows without significant price distortion.
Passive $ = Σ(ETF AUM × holding weight) across all 5 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | GO | GROCERY OUTLET HOLDING CORP | 1.83% | — | — |
| 2 | EBAY | EBAY INC Consumer Cyclical | 1.81% | 25.2x | 4/9 |
| 3 | AMZN | AMAZON.COM INC Consumer Cyclical | 1.79% | 31.7x | 6/9 |
| 4 | SAH | SONIC AUTOMOTIVE INC CLASS A | 1.75% | 19.6x | 5/9 |
| 5 | MUSA | MURPHY USA INC | 1.74% | 20.9x | 6/9 |
| 6 | CASY | CASEY S GENERAL STORES INC Consumer Cyclical | 1.71% | 40.6x | 5/9 |
| 7 | M | MACY S INC | 1.67% | 7.7x | 7/9 |
| 8 | HZO | MARINEMAX INC | 1.66% | — | — |
| 9 | ETSY | ETSY INC Consumer Cyclical | 1.64% | 26.0x | 5/9 |
| 10 | URBN | URBAN OUTFITTERS INC | 1.61% | 12.2x | 8/9 |
| 11 | DKS | DICK S SPORTING GOODS INC Consumer Cyclical | 1.61% | 19.1x | 4/9 |
| 12 | SFM | SPROUTS FARMERS MARKET INC | 1.61% | 14.5x | 6/9 |
| 13 | PSMT | PRICESMART INC | 1.60% | 30.0x | 5/9 |
| 14 | VSCO | VICTORIA S SECRET + CO | 1.59% | 22.4x | 5/9 |
| 15 | AAP | ADVANCE AUTO PARTS INC Consumer Cyclical | 1.56% | 45.1x | 4/9 |
Historical Holdings Snapshots
Browse how XRT’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 25.2% tracked weight2026-05-23
15 holdings · 25.2% tracked weight2026-05-22
15 holdings · 25.4% tracked weight2026-05-21
15 holdings · 25.6% tracked weight2026-05-20
15 holdings · 25.5% tracked weight2026-05-19
15 holdings · 25.4% tracked weightSource: 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 XRT Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
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 XRT’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: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.