At a glance
MOOD charges 0.77% a year, below the 0.86% average of the 7 funds most like it (the cheapest of 8). It has $127.5M in assets, the 8th largest of that group; it paid 0.34% of its price in distributions over the past 12 months, annual. Over the past year it returned +20.8% with distributions reinvested (S&P 500: +11.5%), the best of those 8 funds; over three years it returned +23.8% a year.
The short version
Relative Sentiment Tactical Allocation ETF (MOOD) is an actively managed fund of funds. It moves money among stock, bond, commodity and currency ETFs based on how institutional investors are positioned compared with retail investors. A sentiment model from sub-adviser Relative Sentiment Technologies decides how much goes into stocks and when to own bonds, gold, commodities or the US dollar. It charges 0.77% a year and trades heavily, with 579% portfolio turnover.
Price history
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MOOD +20.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| MOOD official prospectus, to Dec 31, 2025 | — | +30.19% | — | — | — | +13.97% |
| MOOD price data to Oct 27, 2026 | +16.4% | +20.8% | +23.8% | — | — | +15.1% |
- Over the year to Oct 27, 2026, MOOD returned +20.8%, 1st of 8 among similar funds.
- Its worst full calendar year was 2024 (+12.5%); its best was 2025 (+30.4%).
- The deepest fall in its price history was 14.3% (Aug 16, 2022 to Oct 14, 2022), recovered by Jan 26, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +16.4% | — |
| 2025 | +30.4% | +30.19% |
| 2024 | +12.5% | +12.58% |
| 2023 | +12.6% | +12.53% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.1500 | -61.5% |
| 2024 | $0.3900 | +8.3% |
| 2023 | $0.3600 |
What's inside
As of Jun 30, 2026, the fund held 10 securities; the ten largest made up 99.67% of assets.
| Fund held | Weight | |
|---|---|---|
| iShares Core S&P Total U.S. Stock Market ETF | 44.81% | |
| Alpha Architect 1-3 Month Box ETF | 15.54% | |
| iShares Core MSCI EAFE ETF | 8.42% | |
| Invesco DB US Dollar Index Bullish Fund | 8.22% | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 7.37% | |
| iShares 20+ Year Treasury Bond ETF | 6.13% | |
| Graniteshares Gold Trust | 2.99% | |
| abrdn Physical Silver Shares ETF | 2.79% | |
| iShares MSCI Global Gold Miners ETF | 1.74% | |
| Global X Silver Miners ETF | 1.66% |
By country
United States 99.67%By asset type
Stocks 99.67%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $15.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +3.64%, +3.38%, -1.02%.
How it works
MOOD, from ETF Architect, does not track an index. Its sub-adviser, Relative Sentiment Technologies, LLC, measures "relative sentiment": how institutional investors are positioned compared with retail investors, using public and third-party data. Asset classes that institutions favor more than retail investors generally get bigger allocations. Several indicators, including investor positioning, survey data, links between asset classes and retail views on the economy, combine to set the total stock allocation. The same indicators then split it between US and foreign stocks, regions, and large and small companies.
Separate signals cover the US dollar, bonds, broad commodities and precious metals. The fund generally owns these only when the signal is bullish. Each asset class is roughly equal-weighted, and within each one the least volatile holdings get the most weight. Bonds focus on high-quality issues and TIPS (Treasury bonds whose principal rises with inflation). Commodities, including gold, are generally capped at about 20% of assets. The fund may also hold ETFs that use options or swaps to limit losses in sharp market drops.
As of June 30, 2026, 10 funds made up 99.67% of assets, led by ITOT (44.8%), BOXX (15.5%), IEFA (8.4%), UUP (8.2%), BCI (7.4%) and TLT (6.1%). The fund rebalances when sentiment shifts significantly. Turnover of 579% means it replaced its holdings several times over in a year.
What it really costs
- MOOD charges 0.77% a year, versus an average of 0.86% for the similar funds below (1st of 8, cheapest first).
- Of that, 0.65% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $79 in the first year and $954 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| MOOD | $79 | $246 | $428 | $954 |
Structure and tax notes
- Invests in other funds rather than directly in stocks or bonds, so its holdings are those funds.
In a retirement portfolio
It moves among stocks, bonds, commodities, gold and the US dollar using a sentiment model, so it may behave differently from a fixed stock-and-bond mix.
MOOD shifts among stocks, bonds, gold, commodities and the US dollar. Its one-year beta was 0.68 as of October 27, 2026, which means it moved less than the stock market. The fund launched May 19, 2022. It has no record in the 2008 or 2020 crashes, and it missed the start of the 2022 bear market. Its deepest drop was 14.3%, from August 16 to October 14, 2022, and it recovered in about 3.4 months. Every full calendar year from 2023 to 2025 was positive. That record is short and mostly good. The model hasn't faced a long downturn, which matters to anyone who may need to sell shares in a bad year. Income is small: a 0.34% yield, paid once a year. The SEC example puts costs at $79 for the first year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want one fund that shifts among stocks, bonds, gold, commodities and the US dollar instead of holding fixed weights.
- People interested in sentiment-based investing who accept a 0.77% expense ratio and depend on one sub-adviser's model.
- Holders of stock-heavy portfolios looking for something that moved less than the market, with a one-year beta of 0.68.
Look elsewhere if
- Income seekers: the yield was 0.34% as of October 27, 2026, and the fund pays only once a year.
- Investors who want a low-cost, buy-and-hold index fund. MOOD is actively managed, charges 0.77% and had 579% portfolio turnover.
- Anyone who wants a long track record. MOOD launched in May 2022, had $127 million in net assets on June 30, 2026, and hasn't faced a full bear market.
Close alternatives
Matched by other buffer (defined-outcome) funds, largest first.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| MOOD this fund | 0.77% | $127.5M | +20.8% | +23.8% |
| BUFR FT Vest Laddered Buffer ETF | 0.95% | $10.49B | +11.6% | +16.8% |
| BUFD FT Vest Laddered Deep Buffer ETF | 0.95% | $2.04B | +9.5% | +13.9% |
| PJAN Innovator U.S. Equity Power Buffer ETF - Ja… | 0.79% | $1.44B | +10.5% | +14.8% |
| PDEC Innovator U.S. Equity Power Buffer ETF - De… | 0.79% | $984.1M | +11.6% | +14.9% |
| FDEC FT Vest US Equity Buffer ETF - December | 0.85% | $1.31B | +12.9% | +18.5% |
| FJAN FT Vest US Equity Buffer ETF - January | 0.85% | $1.47B | +12.3% | +17.4% |
| FFEB FT Vest U.S. Equity Buffer Fund - February | 0.85% | $1.42B | +12.9% | +18.6% |
Questions investors ask
What does the MOOD ETF invest in?
MOOD invests in other ETFs and exchange-traded products, not in individual stocks or bonds. As of June 30, 2026, its 10 fund holdings made up 99.67% of assets. The largest were iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 44.8%, Alpha Architect 1-3 Month Box ETF (BOXX) at 15.5%, iShares Core MSCI EAFE ETF (IEFA) at 8.4% and Invesco DB US Dollar Index Bullish Fund (UUP) at 8.2%. It also held commodity, long-term Treasury, gold, silver and mining funds.
What is relative sentiment in the MOOD ETF?
Relative sentiment compares how institutional investors, such as large money managers, are positioned with how retail investors are positioned. The sub-adviser, Relative Sentiment Technologies, LLC, measures this with public and third-party data. When institutions grow more bullish on an asset class than retail investors, the fund generally gives that asset class more weight. When the gap moves the other way, it gets less. The prospectus warns that the model depends on data that may be outdated or wrong.
Does MOOD pay a dividend?
Yes, but very little. MOOD pays distributions once a year. Over the twelve months to October 27, 2026, it paid $0.15 per share, a yield of 0.34%. The fund's stated goal is long-term growth of capital, not income. Investors who want regular cash from their portfolio would get almost none from this fund and may want to look at the income from the rest of their holdings.
How has MOOD ETF performed since launch?
MOOD has gained in every full calendar year since it launched in May 2022. Its prospectus shows returns of 12.53% in 2023, 12.58% in 2024 and 30.19% in 2025. Its average annual return from launch through December 31, 2025, was 13.97%. Based on price, it returned 20.8% over one year and 23.8% a year over three years as of October 27, 2026. Its deepest drop was 14.3%, in 2022. Past results don't predict future returns.
Is MOOD a buffer ETF like BUFR?
No. Buffer funds such as FT Vest Laddered Buffer ETF (BUFR) use options to limit losses within a set range, and in return they cap gains. MOOD has no set buffer or cap. It moves among asset classes based on sentiment, though it may hold funds that use options to limit losses. MOOD charges 0.77% a year, compared with 0.95% for BUFR. As of October 27, 2026, MOOD returned 20.8% over one year and BUFR returned 11.6%. The two funds follow different strategies.