Fat Tail Risk ETF (FATT) ETF Analysis

For informational purposes only. Not financial advice.

Quick Answer

government bonds, gold-related derivatives, U.S. equity securities, U.S. treasuries, volatility and inverse volatility ETFs, and leveraged and inverse ETFs and ETNs. With a relatively high expense ratio of 1.15%, FATT seeks to provide inverse performance of stock indices, Treasury Bonds, and volatility ETFs.

Fat Tail Risk ETF (FATT) ETF — Price, Holdings & Analysis

The Fat Tail Risk ETF (FATT) is an actively managed fund with $0.00B in assets under management. Launched in 2021, FATT aims to achieve its investment objective by investing in a diverse range of assets, including U.S. government bonds, gold-related derivatives, U.S. equity securities, U.S. treasuries, volatility and inverse volatility ETFs, and leveraged and inverse ETFs and ETNs. With a relatively high expense ratio of 1.15%, FATT seeks to provide inverse performance of stock indices, Treasury Bonds, and volatility ETFs.

ETF Overview

The fund is actively managed and seeks to achieve its investment objective by investing in cash and U.S. government bonds, ETFs that invest in gold related derivatives, ETFs that invest U.S. equity securities of any market capitalization, ETFs that invest in U.S. treasuries, equity securities of any capitalization, volatility and inverse volatility ETFs, and exchange traded notes (âETNsâ) and leveraged and inverse ETFs and ETNs that seek to provide the inverse performance of stock indices, Treasury Bonds, and volatility ETFs.

The Fat Tail Risk ETF (FATT) employs an active management strategy, seeking to navigate market volatility by investing in a mix of asset classes. The fund's approach involves strategic allocation to cash, U.S. government bonds, ETFs focused on gold derivatives, U.S. equity securities across market capitalizations, and U.S. treasuries. A significant portion of the portfolio is allocated to ETFs that track U.S. equities, with SPDR® S&P 500 ETF Trust (SPY) comprising 66.23% and iShares Core S&P 500 ETF (IVV) at 22.63%. To manage risk, FATT also invests in volatility and inverse volatility ETFs, including ProShares VIX Short-Term Futures (VIXY) at 8.76% and iPath® B S&P 500® VIX S/T Futs™ ETN (VXX) at 2.38%. Sector allocation is heavily weighted towards Technology at 24.2%, followed by Financial Services at 14.2% and Healthcare at 13.1%. This ETF is designed for investors seeking active management and exposure to a variety of asset classes to potentially mitigate risk during market downturns.

Risk Metrics

FATT's active management strategy and diverse holdings introduce specific risks. The fund's concentration in SPDR® S&P 500 ETF Trust (SPY) and iShares Core S&P 500 ETF (IVV), totaling nearly 89%, exposes it to market risk associated with the S&P 500. The significant allocation to volatility ETFs like VIXY and VXX can lead to losses if volatility expectations do not materialize as anticipated. The expense ratio of 1.15% is relatively high, which can create a drag on performance, especially in periods of low returns. With a 3-year Beta of 0.00, FATT's price is not correlated to the market, which may not provide the diversification benefits expected during market downturns. Investors should carefully consider these factors before investing.

Expense Ratio

1.15%

What does FATT hold?

Holding	Weight
SPDRÂ® S&P 500 ETF Trust (SPY)	66.23%
iShares Core S&P 500 ETF (IVV)	22.63%
ProShares VIX Short-Term Futures (VIXY)	8.76%
iPathÂ® B S&P 500Â® VIX S/T Futsâ¢ ETN (VXX)	2.38%

How Is the Fund Allocated?

Sector	Weight
Technology	24.2%
Financial Services	14.2%
Healthcare	13.1%
Consumer Cyclical	12.0%
Communication Services	11.2%
Industrials	8.8%
Consumer Defensive	6.3%
Energy	2.9%
Real Estate	2.6%
Utilities	2.5%
Basic Materials	2.3%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is FATT and what does it track?

The Fat Tail Risk ETF (FATT) is an actively managed fund that seeks to achieve its investment objective by investing in a diverse range of assets. These include cash, U.S.

government bonds, ETFs that invest in gold related derivatives, ETFs that invest in U.S. equity securities of any market capitalization, ETFs that invest in U.S.

What is the expense ratio for FATT?

The expense ratio for the Fat Tail Risk ETF (FATT) is 1.15%. This means that for every $10,000 invested in the fund, $115 is charged annually to cover operating expenses.

This expense ratio is significantly higher than the average expense ratio for equity ETFs, which is around 0.44%. The impact of this higher expense ratio on their overall returns, especially in the long term may be worth researching.

What are the top holdings in FATT?

The top holdings in the Fat Tail Risk ETF (FATT) are primarily focused on broad market exposure and volatility products.

As of 2026-03-15, the top three holdings include: SPDR® S&P 500 ETF Trust (SPY) at 66.23%, iShares Core S&P 500 ETF (IVV) at 22.63%, and ProShares VIX Short-Term Futures (VIXY) at 8.76%.

Is FATT a good long-term investment?

Whether FATT is a suitable long-term investment depends on an investor's individual risk tolerance, investment objectives, and time horizon. FATT's active management and focus on downside protection may appeal to investors seeking to mitigate market risk.

However, the fund's high expense ratio of 1.15% can detract from long-term returns.

How does FATT compare to similar ETFs?

FATT differentiates itself through its active management and focus on tail risk hedging. While many ETFs offer broad market exposure, FATT combines this with investments in volatility products and other asset classes.

Its expense ratio of 1.15% is higher than many passively managed equity ETFs, which typically have expense ratios below 0.44%.

Does FATT pay dividends?

The fund's investment strategy focuses on capital appreciation and downside protection rather than income generation. Investors seeking dividend income may want to consider other ETFs that prioritize dividend payments.

Reviewing the fund's official documentation and contacting the fund provider directly will provide the most accurate and up-to-date information on dividend distributions, if any.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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