Despite the negative rating, an area of strength of the firm is manager investment. Over 13% of the firm's assets are covered by invested managers, in an effort to align portfolio manager and shareholder interests. A notable weakness of Graniteshares is the inexperience of its longest-tenured managers compared with other asset managers. Managing capital through a full market cycle is a challenging prospect for seasoned managers, but with only two years of average asset-weighted tenure, there's cause for concern. The product lineup at Graniteshares has exhibited exemplary durability when looked at over the past three years. Notably, its three-year risk-adjusted success ratio stands at 67%, meaning that 67% of its products have survived and beaten their respective category median on a risk-adjusted basis.
For Most Investors, Single-Stock ETFs Are Best Left Alone
The newest shiny object in the ETF marketplace is one to avoid.