VPX: VARIANT PERCEPTION CYCLE AWARE US EQUITY ETF
What this ETF is trying to do
The Variant Perception Cycle Aware US Equity ETF (VPX) is an exchange-traded fund that invests in U.S. stocks. Based on its top holdings, it focuses heavily on large technology and semiconductor companies, as well as some energy and financial firms.
What the numbers show
As of October 5, 2026, the share price for VPX was $31.77.
Currently, there is no data available for the year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.
Top Holdings
The fund holds 129 different assets. As of October 7, 2026, the top holdings (which are a partial list) include:
• Meta Platforms Inc Class A: 5.25%
• NVIDIA Corp: 5.05%
• Broadcom Inc: 4.96%
• Alphabet Inc Class A: 4.81%
• Micron Technology Inc: 4.13%
• Apple Inc: 3.93%
• ExxonMobil Holdings Corp: 3.52%
• Advanced Micro Devices Inc: 3.08%
• JPMorgan Chase & Co: 3.00%
• Chevron Corp: 2.53%
Income and distribution explanation
The distribution yield for this ETF is 0%. There have been no distributions detected, and the payout count for the last 12 months is zero. This means the fund does not currently provide cash income to its investors.
NAV erosion explanation
"NAV erosion" happens when the net asset value of a fund declines over time, which can eat away at an investor's original principal. In this case, the severe erosion-risk flag is false, meaning the specific warning triggers for price deterioration were not met. However, because the price history is limited, a formal erosion score is not available.
Pros
• The fund provides exposure to some of the largest and most well-known companies in the U.S., particularly in the tech sector.
• It is not a leveraged or inverse fund, which are typically more complex.
Cons
• There is currently no income provided through distributions.
• There is a lack of historical return data, making it difficult to see how the fund has performed over the last few years.
• It has an income rating grade of "F."
Beginner takeaway
VPX is a fund that holds a variety of large U.S. companies. For investors who want regular cash payments, this ETF may not be suitable because its distribution yield is 0%. It is important to remember that a high yield in other funds can sometimes be misleading if the share price is falling; however, this fund simply does not pay out distributions.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | META PLATFORMS INC CLASS A | META | 5.25% |
| 2 | NVIDIA CORP | NVDA | 5.05% |
| 3 | BROADCOM INC | AVGO | 4.96% |
| 4 | ALPHABET INC CLASS A | GOOGL | 4.81% |
| 5 | MICRON TECHNOLOGY INC | MU | 4.13% |
| 6 | APPLE INC | AAPL | 3.93% |
| 7 | EXXONMOBIL HOLDINGS CORP | XOM | 3.52% |
| 8 | ADVANCED MICRO DEVICES INC | AMD | 3.08% |
| 9 | JPMORGAN CHASE & CO | JPM | 3.00% |
| 10 | CHEVRON CORP | CVX | 2.53% |