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Upturn AI Summary
Applied Finance IVS US SMID ETF(IVSS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IVSS
10/28/2026: IVSS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Applied Finance IVS US SMID ETF (IVSS) is an actively managed fund that provides exposure to U.S. small- and mid-cap equities by applying a proprietary valuation framework, the 'Economic Margin,' to select companies that generate value above their cost of capital. Its main strength lies in its active, research-driven methodology designed to avoid fundamental traps, serving as a tactical portfolio supplement for investors seeking alpha. However, it carries risks associated with small-cap volatility, potential underperformance in growth-driven markets, and a higher expense ratio than passive index alternatives. It is best suited for long-term, value-oriented investors who monitor the fund's adherence to its disciplined selection process.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While it seeks growth, the fund's value-oriented methodology may prioritize fundamental efficiency over pure aggressive growth metrics. |
| Momentum investor | Weak fit | The fund's valuation-based approach often contrarian in nature rather than following price momentum signals. |
| Value investor | Strong fit | The fund specifically targets firms identified as having strong intrinsic value, making it a compelling choice for value-conscious investors. |
| Dividend/Income investor | Mixed fit | The fund prioritizes capital appreciation over yield, making it less suitable for those primarily seeking income. |
| Low-risk investor | Weak fit | Small- and mid-cap stocks inherently carry higher volatility than large-cap benchmarks, making this unsuitable for conservative portfolios. |
Investor Profile
Ideal Investor Profile
The ideal investor is an individual or advisor seeking active management in the small- and mid-cap equity space who believes in the efficacy of fundamental, value-oriented research and is willing to accept higher volatility for potential outperformance.
Suitability
IVSS is best suited for long-term investors looking to add an active, quality-focused sleeve to their diversified portfolio, rather than for active traders or passive index-following core allocations.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Small-cap and mid-cap stocks generally exhibit higher price swings than the broader market. |
| Market risk | Medium / high | The portfolio is subject to general equity market downturns and the specific cyclicality of the SMID-cap sector. |
| Concentration | Medium | Active strategies may result in higher concentrations in specific factors or industries compared to total market funds. |
| Tracking/expense | Medium | The active management strategy means the fund will deviate from benchmarks, and the expense ratio is higher than passive alternatives. |
| Liquidity | Medium | Lower average daily trading volume can make it more difficult to enter or exit large positions without affecting market price. |
| Business/sector quality | Medium | The reliance on the Economic Margin framework assumes that historical capital efficiency is a reliable indicator of future business quality. |
Risk Analysis
Volatility
IVSS exhibits moderate-to-high historical volatility due to its concentration in small- and mid-cap companies, which are inherently more sensitive to economic shocks than large-cap stocks.
Market Risk
The fund faces significant market risk, particularly regarding the performance of the US SMID-cap sector, which can be negatively impacted by rising interest rates, tightening credit conditions, and reduced consumer demand.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Small-Cap Equities | 50 | Provides exposure to smaller, potentially higher-growth companies that may be undervalued by the broader market. |
| Market capitalization | US Mid-Cap Equities | 45 | Balances the portfolio with mid-sized companies that often offer a mix of stability and growth potential. |
| Cash/collateral | Cash and Equivalents | 5 | Maintains liquidity for daily operations and portfolio rebalancing activities. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 10.11% | Avg. Invested days 50 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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