MarketWatchT3·31mo ago
USDX SGI Enhanced Core ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
USDX
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Key stats
About
SGI Enhanced Core ETF (USDX) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2024-02-28
- Has Options
- No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 1.08% prospectus, filed Mar 9, 2026
- Assets
- $313M SEC filing, May 31, 2026
- Trailing yield
- 6.33% paid monthly
- Average daily volume
- $1.8M 30 sessions
- Holdings
- 25 top 10 are 98.7%
- Listed
- Feb 28, 2024 Nasdaq
- Last fee change
- +10 bp filed Mar 9, 2026
Cost2
Liquidity42
Scale53
Diversification0
Moves with. Value over growth (5% of its variance, beta 0.06). These factors explain 6% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The investment objective of the SGI Enhanced Core ETF (for this section only, the Fund) is to seek income. (from the fund's prospectus)
All 25 holdingsFlow historyOverlap toolAll Multi-Factor ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$6.3M latest reported month
- Latest 3 months
- −$14M −4.6% of assets
- Latest 12 months
- −$168M −53.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$6.3M |
| Apr 2026 | −$4.6M |
| Mar 2026 | −$3.4M |
| Feb 2026 | −$30M |
| Jan 2026 | −$15M |
| Dec 2025 | +$7.1M |
| Nov 2025 | +$1.9M |
| Oct 2025 | +$21M |
| Sep 2025 | −$148M |
| Aug 2025 | −$3.7M |
| Jul 2025 | +$6.7M |
| Jun 2025 | +$6.4M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 28 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FNDXSchwab Fundamental U.S. Large Company ETF | — | 0.25% | $28.3B | +23.5% | compare |
| RWLInvesco S&P 500 Revenue ETF | — | 0.39% | $10.2B | +21.3% | compare |
| PRFInvesco RAFI US 1000 ETF | — | 0.34% | $10.1B | +23.8% | compare |
| VLUEiShares MSCI USA Value Factor ETF | — | 0.15% | $9.1B | +52.8% | compare |
| FNDASchwab Fundamental U.S. Small Company ETF | — | 0.25% | $8.8B | +15.2% | compare |
The largest other funds in the Multi-Factor category.
ETF Profile
holdings as of 2026-05-31
Holdings
25
AUM
$310.8M
Provider
Nport
Inception
2024-02-28
Exchange
XNAS
Data As Of
2026-05-31
Expense Ratio
1.08%
Dividend Yield
6.33%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-28 | 2026-09-29 | $0.0600 | CD |
| 2026-08-27 | 2026-08-28 | $0.0600 | CD |
| 2026-07-28 | 2026-07-29 | $0.0500 | CD |
| 2026-06-29 | 2026-06-30 | $0.3500 | CD |
| 2026-05-28 | 2026-05-29 | $0.0900 | CD |
| 2026-04-28 | 2026-04-29 | $0.0900 | CD |
Asset Allocation
Top Holdings
top 25 of 25 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Vanguard Federal Money Market | 43.45% | Equity (common) | US |
| — | Vanguard Treasury Money Market | 41.92% | Equity (common) | US |
| — | North Capital Treasury Money M | 8.16% | Equity (common) | US |
| — | PIMCO Government Money Market | 2.77% | Equity (common) | US |
| — | Fidelity Government Cash Reser | 2.41% | Equity (common) | US |
| — | First American Government Obli | 0.72% | Short-term investment | US |
| — | T Rowe Price US Treasury Money | 0.02% | Equity (common) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
| — | N/A | -0.00% | Derivative (equity) | US |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.10% | -0.33% | -0.12% |
| Feb | 0.00% | 0.14% | 0.16% | 0.10% |
| Mar | 0.09% | 0.12% | 0.38% | 0.20% |
| Apr | 0.48% | -0.47% | 0.23% | 0.08% |
| May | 0.73% | 0.35% | 0.23% | 0.44% |
| Jun | 0.55% | 0.06% | -0.83% | -0.07% |
| Jul | 0.69% | -0.02% | 0.47% | 0.38% |
| Aug | 0.70% | 0.22% | 0.03% | 0.32% |
| Sep | 0.93% | 0.29% | 0.42% | 0.55% |
| Oct | 0.73% | 0.17% | 0.06%* | 0.32% |
| Nov | 0.61% | 0.08% | -- | 0.34% |
| Dec | -2.81% | -1.12% | -- | -1.97% |
| Total | 2.68% | -0.09% | 0.82% | 1.13% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $25.60
SMA 50: $25.57
SMA 200: $25.62
Current: $25.64
EMA 12: $25.61
EMA 26: $25.59
MACD: 0.0149 | Signal: 0.0039
BULLISH
ADX (14): 44.90
STRONG TREND
+DI: 11.45
−DI: 21.37
Momentum Oscillators
RSI (14): 58.94
NEUTRAL
Stoch %K: 62.99
Stoch %D: 57.97
Williams %R: -27.04
Volume & Volatility
BB Upper: $25.66
BB Lower: $25.54
NEUTRAL
OBV: 6,169,843
Vol SMA 20: 64,444
Vol ROC: -59.73%
ATR: $0.09
True Range: $0.04
HV 20: 2.2%
HV 30: 2.0%
HV 60: 2.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: USDX
Executive Summary
Overall Assessment: NEUTRAL with confidence level 6/10
Key Drivers:
- Bullish MACD signal indicating momentum build-up
- Neutral RSI reading suggesting no clear trend direction
- Supportive trend indicators (SMA, EMA) in the short-term
Primary Risks:
- Weak recent news sentiment contributing to neutral assessment
- High historical volatility potentially leading to increased risk
2-3 Sentence Investment Thesis: USDX appears to be in a consolidation phase, with mixed signals from technical and fundamental data. The MACD signal suggests potential momentum build-up, while the RSI reading indicates no clear trend direction. As a result, this analysis is neutral with a confidence level of 6/10.
Recent News Sentiment Impact: Neutral (average sentiment)
Technical Analysis
Trend Direction: Short-term - Uptrend; Medium-term and Long-term - Neutral
Support/Resistance Levels:
- Resistance: $25.89 (Bollinger Bands upper)
- Support: $25.63 (Bollinger Bands lower)
- Mean reversion target: $25.65 (SMA 20)
Momentum Signals:
- RSI interpretation: Neutral (45.49)
- MACD signal: Bullish (0.02 / Signal: -0.00 / Histogram: 0.02)
- Bollinger Bands position: Mean reversion (neutral)
Volume Analysis: Volume trends and institutional interest signals:
- Current volume trend: Moderate
- Institutional interest: Low
News & Sentiment Analysis
Recent Headlines Summary: Neutral sentiment from recent news articles
Sentiment Assessment: Neutral
Catalyst Identification: No upcoming earnings or significant events
Market Narrative: Mixed technical signals, no clear trend direction, and neutral news sentiment
Risk & Volatility Assessment
Beta Interpretation: Low-risk stock with beta of -0.01 (vs SPY)
Volatility Regime: High historical volatility potentially leading to increased risk
Options Market Signals: No options data available
Downside Protection: Support levels and risk management considerations:
- Support: $25.63 (Bollinger Bands lower)
- Stop-loss level: below $25.50 (5% below current price)
Market Context & Positioning
Sector Performance: Neutral relative strength vs sector/market
Institutional Activity: Low volume patterns suggesting limited institutional interest
Correlation Analysis: Correlation with market (R-squared) is -0.05, indicating negative correlation
Relative Valuation: Position within trading range:
- Current price: $25.70
- Upper band: $25.89
- Lower band: $25.63
Key Levels & Action Items
Critical Price Levels:
- Resistance: $25.89 (Bollinger Bands upper)
- Support: $25.63 (Bollinger Bands lower)
Breakout/Breakdown Levels: No clear levels for significant moves
Time-Sensitive Catalysts: None identified
Risk Management: Stop-loss level below $25.50, position sizing considerations:
- Risk tolerance: Medium
- Position size: 5-10% of portfolio
Generated
News
All USDX news →
USDX Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: -0.0297
Alpha: -0.63%
Correlation: -0.1168
R-Squared: 1.4%
Stock Volatility: 3.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
USDX Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|