FundX Conservative ETF (XRLX) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a US-listed ETF from FundX. Key facts — expense ratio 1.2%; net assets about $47M; inception Jan 7, 2002. Its 1-year return is +7.33%.
Fund details
Fund overview
This is a US-listed ETF from FundX. Key facts — expense ratio 1.2%; net assets about $47M; inception Jan 7, 2002. Its 1-year return is +7.33%.
18 identified stocks · net exposure / NAV 95.21%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
18 identified stocks · net exposure / NAV 95.21%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Today's summary
On a constituent basis, FundX Conservative ETF's theoretical return is -0.01%p. Today's biggest hero is iShares Core 60/40 Balanced Allocation ETF, contributing -0.00%p (return -0.03%). The biggest suspect dragging it down is iShares Core 30/70 Conservative Allocation ETF, at -0.01%p.
Its top 10 holdings make up about 67.8% of the fund. The concentration index (HHI) is 631 — Low — evenly diversified, and the largest sector is Unclassified (100%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (631), so no single holding dominates.
Unclassified alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
1.2% a year is on the high side — about 12.0% over a decade, so it needs a reason to earn that.
Net assets of $47M are small. Thin funds trade at wider spreads, and very small ones get closed or merged.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (631), so no single holding dominates.
Unclassified alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
1.2% a year is on the high side — about 12.0% over a decade, so it needs a reason to earn that.
Net assets of $47M are small. Thin funds trade at wider spreads, and very small ones get closed or merged.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Top 18 holdings
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | Vanguard Morningstar Growth ETFVUG | 10.31% |
| 2 | iShares Russell 1000 Value ETFIWD | 8.62% |
| 3 | PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | 6.90% |
| 4 | iShares Core 60/40 Balanced Allocation ETFAOR | 6.70% |
| 5 | iShares MSCI USA Value Factor ETFVLUE | 6.62% |
| 6 | Invesco S&P 500 Momentum ETFSPMO | 6.60% |
| 7 | Invesco S&P 500 Pure Growth ETFRPG | 6.48% |
| 8 | WisdomTree U.S. Quality Growth FundQGRW | 5.35% |
| 9 | PIMCO Enhanced Short Maturity Active Exchange-Traded FundMINT | 5.15% |
| 10 | iShares Global 100 ETFIOO | 5.10% |
| 11 | Janus Henderson AAA CLO ETFJAAA | 5.06% |
| 12 | VanEck IG Floating Rate ETFFLTR | 4.88% |
| 13 | Janus Henderson B-BBB CLO ETFJBBB | 4.86% |
| 14 | NYLIM Merger Arbitrage ETFMNA | 4.83% |
| 15 | iShares Core 30/70 Conservative Allocation ETFAOK | 4.83% |
| 16 | iShares MSCI USA Momentum Factor ETFMTUM | 4.72% |
| 17 | Vanguard Russell 1000 Value ETFVONV | 2.05% |
| 18 | First American Government Obligs XFGXXX | 0.94% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
How concentrated is it
Concentration (HHI) is low at 631, with the top 10 holdings at just 67.8% of equity weight. No single name can dominate the fund.
Good for damping single-stock risk — and equally, a big winner inside gets diluted.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Unclassified alone is 100% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
It shares 54% of its holdings with XCOR (11 names in common) — close to half the same companies.
Own both and the diversification is thinner than it looks.
What it is made of
The fund holds 20 positions in total; this page lists the largest 18 and folds the rest into "Others".
The expense ratio is 1.2% a year, which is not cheap. Fees come out of returns every year you hold, so it is worth checking whether the same index is available for less.
This page is not investment advice. Investment decisions and responsibility are your own.
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