IQ

FORH · Formidable ETF

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$22.73
−2.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

FORH is actively managed and returned −4.4% over the past year.

Why did FORH return +1.0% from May 2021 to Oct 2026, against VOO’s +93.3%?Is a 1.19% fee low for a fund like FORH?What does FORH cost to hold and to trade?
Equity fund · Actively managedExpense ratio 1.19%Fund assets $20m net assets, latest filing (Jun 30, 2026)First traded Apr 30, 2021Benchmark S&P 500 Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

FORH returned −4.4% over the year to Nov 4, 2026, charges 1.19% a year and holds $20m in net assets on Jun 30, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about FORHAdd to portfolioOverlapAlerts

FORH risk and return scorecard

vs VOO · May 2021 to Oct 2026 · 286 weekly returns · dividend-adjusted

5.5 years
FORH +1.0%, VOO +93.3%, May 2021 to Oct 2026, distributions reinvested.
Return
MeasureFORHVOOEdge
Total return+1.0%+93.3%VOO
Annualized+0.2%+12.7%VOO
Price return−8.5%+79.1%VOO
Risk
MeasureFORHVOOEdge
Volatility14.9%15.7%FORH (slight)
Max drawdown−18.8%−23.9%FORH
Upside capture36.4%100.0%VOO
Downside capture71.3%100.0%FORH
Risk-adjusted
MeasureFORHVOOEdge
Sharpe ratio−0.150.61VOO
Sortino ratio−0.210.92VOO
Alpha vs VOO
MeasureFORHVOOEdge
Alpha, a year−7.9%Not significant
Alpha t-stat−1.56
Beta to VOO0.581.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

FORH −5.5%, VOO −1.1%: total return over one month to Nov 4, 2026.
FORH−5.5%
VOO−1.1%
FORH −6.9%, VOO −0.1%: total return over three months to Nov 4, 2026.
FORH−6.9%
VOO−0.1%
FORH −12.0%, VOO +5.0%: total return over six months to Nov 4, 2026.
FORH−12.0%
VOO+5.0%
FORH −5.6%, VOO +13.4%: total return over the year to Nov 4, 2026.
FORH−5.6%
VOO+13.4%
FORH −4.4%, VOO +14.8%: total return over one year to Nov 4, 2026.
FORH−4.4%
VOO+14.8%
FORH +7.6%, VOO +83.3%: total return over three years to Nov 4, 2026.
FORH+7.6%
VOO+83.3%
FORH −0.5%, VOO +75.5%: total return over five years to Nov 4, 2026.
FORH−0.5%
VOO+75.5%
FORH +0.9%, VOO +98.4%: total return since launch to Nov 4, 2026.
FORH+0.9%
VOO+98.4%
askIQ: why did FORH return −4.4% over one year, against VOO’s +14.8%? ↗

How concentrated, and what does it cost?

No index, actively managed
−4.4%
Total return, 1 year
Report
1.19%
Expense ratio
Report
34
Holdings
Report
−15.7%
Below its high
Report
1.8%
12-month yield, capital gains included, on its starting price
Report
$0.4394
Last payment (paid annually), ex-date Dec 24, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 1.19% fee low for a fund like FORH? ↗

More on FORH

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Price, 1 year

$22.73−2.1%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was −4.4%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

FORH returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−5.5%−1.1%−4.4 pts
3M Aug 5 – Nov 4, 2026−6.9%−0.1%−6.8 pts
6M May 6 – Nov 4, 2026−12.0%+5.0%−17.0 pts
YTD Dec 31, 2025 – Nov 4, 2026−5.6%+13.4%−19.0 pts
1Y Nov 4, 2025 – Nov 4, 2026−4.4%+14.8%−19.2 pts
3Y Nov 3, 2023 – Nov 4, 2026+7.6%+83.3%−75.7 pts
5Y Nov 5, 2021 – Nov 4, 2026−0.5%+75.5%−76.0 pts
Since launch Apr 30, 2021 – Nov 4, 2026+0.9%+98.4%−97.5 pts
Since launch, annualised Apr 30, 2021 – Nov 4, 2026+0.2%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

FORH key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$25.82 on May 6, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$22.73 on Nov 4, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$22.73, 0% of the way from the low to the high
Holdings34
Top ten weight39.4%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · FORHas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

FORH for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
FORH interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

FORH is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

FORH top ten by weight, 39.4% of the fund, of its 34 equity positions, from the holdings filed for Jun 30, 2026. Source: the fund’s SEC filing.

ACACIA RESEARCH CORPORATION ACTG 10.02%
Brookfield Infrastructure Partners L.P. not filed 4.06%
GENERAC HOLDINGS INC. GNRC 3.62%
Pan American Silver Corp. not filed 3.48%
CORCEPT THERAPEUTICS INCORPORATED CORT 3.45%
Credo Technology Group Holding Ltd CRDO 3.09%
AEROVIRONMENT, INC. AVAV 3.00%
ROYAL GOLD, INC. RGLD 2.96%
ALLIANCE RESOURCE PARTNERS, L.P. ARLP 2.89%
VEEVA SYSTEMS INC. VEEV 2.87%
Fund filings on SEC EDGAR ↗See all 34 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Jun 30, 2026. Updated when the fund files its next report.

About FORH

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. small-cap blend
Expense ratio (485BPOS XBRL, Jul 29, 2026)1.19%
Price$22.73
First tradedApr 30, 2021
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$20mReport
Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Jun 5, 2026
FORH, 1 year to Nov 4, 2026−4.4%
VOO, the same days+14.8%
Against its benchmark, 1 year (ETFIQ)−19.2 pts
Below its high (ETFIQ)−15.7%
Holdings34
Top ten weight39.4%
Cash, not in the top ten17.6%
Holdings as of (SEC N-PORT)Jun 30, 2026
Already in the S&P 500, by weight (ETFIQ)11.9%
Active share vs the S&P 500 (ETFIQ)99.8%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on FORH

12 seats on FORH, as of Nov 4, 2026: 2 Mixed, 6 Challenges, 4 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskMixed
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put FORH to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about FORH

How has FORH performed?
Over the year to Nov 4, 2026, FORH returned −4.4% with distributions reinvested, against +14.8% for the S&P 500. Over three years the number is +7.6%.
What does FORH cost?
The prospectus expense ratio is 1.19% a year.
What does FORH hold?
34 positions as filed for Jun 30, 2026, with the top ten at 39.4% of the fund. 12% of its weight is in stocks the S&P 500 also holds.
How far is FORH below its high?
15.7% below its high of Oct 23, 2025, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, FORH and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 1.19%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $20mSEC filing, whole fund · Jun 30, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jun 30, 2026 ↗
IssuerFormidable website ↗
All fund filingsFund filings on SEC EDGAR ↗
Formidable’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, FORH, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/forh

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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FORH: FORH over 1 year: total return −4.4%, its benchmark S&P 500 Index through VOO +14.8%, −19.2 pts. Data to Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/core/forh/" title="FORH: FORH over 1 year: total return −4.4%, its benchmark S&amp;P 500 Index through VOO +14.8%, −19.2 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">FORH: FORH over 1 year: total return −4.4%, its benchmark S&amp;P 500 Index through VOO +14.8%, −19.2 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/forh">ETFIQ</a></figcaption>
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