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Upturn AI Summary
Bushido Capital US SMID Cap Equity ETF(RNIN)
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 RNIN
10/28/2026: RNIN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
The Bushido Capital US SMID Cap Equity ETF (RNIN) provides active exposure to US-listed small- and mid-cap companies using a fundamental value strategy that emphasizes free cash flow and quality. Its main strengths are its equal-weighted structure and high active share, which prevent over-concentration in few names. The fund is best suited as a long-term satellite holding for investors seeking potential alpha in the SMID-cap space. Primary risks include the inherent volatility of smaller firms and its relatively higher expense ratio compared to passive options. Investors should monitor the manager's ability to maintain a consistent value edge across full economic cycles.
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 focused on capital appreciation, the fund's value orientation may underperform during aggressive growth rallies. |
| Momentum investor | Strong fit while signal remains positive | The fund captures momentum when its underlying value-driven stock picks gain market favor. |
| Value investor | Strong fit | The fund is specifically built around a fundamental value process targeting companies trading below intrinsic value. |
| Dividend/Income investor | Mixed fit | The fund pays a dividend, but its primary objective is capital appreciation rather than high current income. |
| Low-risk investor | Weak fit | SMID-cap stocks are inherently more volatile than large-cap equities, making this unsuitable for conservative portfolios. |
Investor Profile
Ideal Investor Profile
Long-term investors who seek active, fundamental management and believe in the value factor within small and mid-sized companies.
Suitability
Best for long-term investors adding diversification to a core large-cap portfolio, rather than active short-term traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Small and mid-cap stocks typically experience larger price swings than large-cap market leaders. |
| Market risk | Medium / high | The fund is fully exposed to equity market downturns which can disproportionately affect smaller companies. |
| Concentration | Medium | The fund limits concentration through equal weighting, but it remains focused on specific SMID-cap segments. |
| Tracking/expense | Medium | The 0.68% expense ratio is higher than passive alternatives, requiring alpha generation to justify costs. |
| Liquidity | Medium | SMID-cap securities can be less liquid, which may impact execution during market volatility. |
| Business/sector quality | Medium | Active selection focuses on fundamental quality, which mitigates some, but not all, business-specific risks. |
Risk Analysis
Volatility
RNIN carries high historical volatility typical of actively managed small-to-mid cap funds.
Market Risk
Risks are concentrated in the SMID-cap segment, making the fund highly sensitive to economic growth and liquidity conditions.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US SMID-Cap Equities ($1B–$50B market cap) | 98 | The fund focuses on small- and mid-sized companies that are often overlooked, providing exposure to potential growth and value beyond large-cap indices. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small cash buffer is maintained for daily liquidity and operational needs. |
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 40.67% | Avg. Invested days 94 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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