What does your ETF
actually own?
Four AI analysts X-ray any ETF or fund: real holdings, hidden concentration, fee drag in dollar terms, and how much you already own via a broad index. Then a dedicated bear case asks whether you'd be better off in something cheaper and more boring.
The Fund X-Ray Team
The Holdings Analyst
Phase 1 — Fund X-Ray
Identifies what a fund actually owns beneath its marketing name: top holdings, concentration risk, sector/valuation tilts the category label doesn't advertise, and how much of it you already own via SPY, QQQ, or IWM.
The Fee Structure Analyst
Phase 1 — Fund X-Ray
Turns the expense ratio into real numbers: what it costs you over 5, 10, and 20 years, how it compares to the category average, and whether holdings turnover is quietly adding trading and tax drag.
The ETF Quant
Phase 2 — Data Validation
Cross-checks every claim against the raw data, runs volatility and drawdown analysis on the fund itself, and assigns the ETF X-Ray Score 1–10 — diversification, cost efficiency, and structural risk, not vibes.
The ETF Bear Case
Phase 3 — The Attack
Her mandate: prove you'd be better off in a cheap, boring benchmark fund instead. Closet indexing, concentration blowup risk, fee-drag compounding, style fade, and low-AUM survival risk — all named, all quantified.
The 4-Phase X-Ray Protocol
01
Fund X-Ray
Holdings, concentration, sector tilts, and benchmark overlap established alongside expense ratio, turnover, and issuer risk.
02
Data Validation
Every claim cross-checked against raw data. Volatility and drawdown computed. ETF X-Ray Score assigned.
03
The Great Debate
The ETF Bear Case attacks. The Holdings and Fee analysts defend. The Quant referees on the numbers.
04
ETF X-Ray Report
One report: X-Ray Score 1–10, benchmark overlap table, real fee cost, and a plain-English worth-it verdict.
What You Get
ETF X-Ray Score 1–10
A scored verdict built from diversification quality, cost efficiency vs category, and structural risk — not the fund's marketing pitch.
Benchmark Overlap Table
Exactly how much of this fund you already own via SPY, QQQ, or IWM, with the shared tickers named. Stop paying twice for the same exposure.
Real Fee Cost
The expense ratio translated into actual pounds/dollars lost over 5, 10, and 20 years, benchmarked against the category average.
The Hidden Factor Bet
The sector tilt or valuation skew the fund's name and category label never mention — surfaced explicitly, with the numbers behind it.
Concentration Risk
Top-1 and top-10 weight, and what happens to the fund if its largest holding has a genuinely bad year.
Worth-It Verdict
A direct HIGH / MEDIUM / LOW conviction call on whether this fund earns its cost and complexity versus a cheap alternative.
Stop guessing what's inside your fund
Enter any ETF ticker. Four specialist agents debate what it actually owns, what it actually costs, and whether it's worth the money — in about 8–10 minutes.
Start Free — No credit cardNot financial advice. For informational purposes only.