The efficient market hypothesis (EMH) theorizes that the market is generally efficient, but offers three forms of market efficiency: weak, semi-strong, and strong. https://t.co/PlceP2rdYL ...

From medicine to finance, AI is radically improving market efficiency. The days of the know-nothing consumer are over https://t.co/Adep3vhZQi ...

Markets reward the real, not the flawless. https://t.co/dd3EeWgGdG ...

One possibility is that the market for investing talent has become incredibly efficient. (via @opinion) https://t.co/4w02OJVAKr ...

Core Viewpoint - The First Trust Japan AlphaDEX ETF (FJP) is a smart beta ETF that aims to provide broad exposure to the Asia-Pacific (Developed) ETFs market, utilizing a unique stock selection methodology to potentially outperform traditional market cap weighted indexes [1][5]. Fund Overview - Launched on April 18, 2011, FJP has accumulated over $202.58 million in assets, categorizing it as an average-sized ETF in its segment [5]. - The fund is managed by First Trust Advisors and seeks to match the performance of the NASDAQ AlphaDEX Japan Index, which employs the AlphaDEX stock selection methodology [5]. Cost Structure - FJP has an annual operating expense ratio of 0.80%, making it one of the more expensive options in the ETF space [6]. - The fund's 12-month trailing dividend yield is reported at 2.16% [6]. Holdings and Sector Exposure - The top holding in FJP is Subaru Corporation (7270.JP), accounting for approximately 1.83% of total assets, followed by Sugi Holdings Co., Ltd. and Central Japan Railway Company [7]. - The top 10 holdings collectively represent about 17.54% of the fund's total assets under management [8]. Performance Metrics - As of September 10, 2025, FJP has gained approximately 29.42% year-to-date and 29.15% over the past year [9]. - The ETF has traded within a range of $47.79 to $67.08 over the last 52 weeks [9]. - FJP has a beta of 0.58 and a standard deviation of 20.36% over the trailing three-year period, indicating a medium risk profile [10]. Alternatives - Other ETFs in the Asia-Pacific (Developed) segment include JPMorgan BetaBuilders Japan ETF (BBJP) and iShares MSCI Japan ETF (EWJ), with assets of $14.11 billion and $15.51 billion respectively [12]. - BBJP has a lower expense ratio of 0.19%, while EWJ charges 0.50%, presenting cheaper alternatives for investors [12].

Market Cap Comparison - Cardano's market capitalization is two times that of Hyperliquid [1] - XRP's market capitalization is 60 billion USD higher than Solana (SOL) [1] Call to Action - The market needs to be more efficient, and it is up to the reader to make it so [1] Disclaimer - This is not financial advice (NFA) [1]

Core Insights - The iShares MSCI USA Quality GARP ETF (GARP) was launched on January 14, 2020, and offers broad exposure to the Style Box - All Cap Growth category of the market [1] Fund Overview - GARP is managed by Blackrock and has accumulated over $625.49 million in assets, making it an average-sized ETF in its category [5] - The fund aims to match the performance of the MSCI USA Quality GARP Select Index, which consists of U.S. large and mid-cap growth stocks with favorable value and quality characteristics [5] Cost Structure - GARP has an annual operating expense ratio of 0.15%, making it one of the least expensive products in the smart beta ETF space [6] - The fund has a 12-month trailing dividend yield of 0.38% [6] Sector Allocation and Holdings - The Information Technology sector represents 47.3% of GARP's portfolio, followed by Consumer Discretionary and Financials [7] - Nvidia Corp (NVDA) accounts for approximately 5.71% of the fund's total assets, with the top 10 holdings making up about 40.72% of total assets under management [8] Performance Metrics - As of August 25, 2025, GARP has increased by roughly 10.42% year-to-date and is up approximately 20.72% over the past year [10] - The fund has traded between $45.13 and $62.54 in the past 52 weeks, with a beta of 1.14 and a standard deviation of 24.65% over the trailing three-year period [10] Alternatives - Other ETFs in the same space include iShares Morningstar Growth ETF (ILCG) and iShares Core S&P U.S. Growth ETF (IUSG), with assets of $2.94 billion and $24.34 billion respectively [12] - Both ILCG and IUSG have an expense ratio of 0.04%, presenting lower-cost options for investors [12]

Apparently I missed some huge drama in the Solana world todayI don’t think my life materially changed?Seems that when everyone is waiting on a known event to either happen or not happen the trade is already priced in.One of the few spots in crypto where the market actually is efficient is a memecoin deployer going on a stream ...

Core Insights - The Schwab Fundamental U.S. Broad Market ETF (FNDB) is designed to provide broad exposure to the Style Box - All Cap Value category and was launched on 08/13/2013 [1] - FNDB is a smart beta ETF that seeks to outperform traditional market-cap weighted indexes by focusing on specific fundamental characteristics [3][4] - The fund is managed by Charles Schwab and aims to match the performance of the Russell RAFI US Index [5] Fund Details - FNDB has accumulated over $965.89 million in assets, making it one of the larger ETFs in its category [5] - The ETF has an annual operating expense ratio of 0.25%, which is considered low compared to other funds [6] - The fund offers a 12-month trailing dividend yield of 1.67% [6] Sector Exposure and Holdings - The Financials sector constitutes approximately 17.3% of FNDB's portfolio, followed by Information Technology and Industrials [7] - Apple Inc (AAPL) is the largest holding at about 3.59% of total assets, with Microsoft Corp (MSFT) and Exxon Mobil Corp (XOM) also among the top holdings [8] - The top 10 holdings represent about 18.82% of the fund's total assets under management [8] Performance Metrics - FNDB has gained roughly 7.75% year-to-date and approximately 14.22% over the past year as of 08/14/2025 [10] - The ETF has a beta of 0.94 and a standard deviation of 15.27% over the trailing three-year period, indicating medium risk [10] - With around 1660 holdings, FNDB effectively diversifies company-specific risk [10] Alternatives - Other ETFs in the Style Box - All Cap Value segment include Fidelity High Dividend ETF (FDVV) and iShares Core S&P U.S. Value ETF (IUSV), which have larger asset bases and lower expense ratios [12]

Core Insights - The Franklin U.S. Equity Index ETF (USPX) is a smart beta ETF that debuted on June 1, 2016, providing broad exposure to the Style Box - All Cap Blend category of the market [1] - Smart beta ETFs track non-cap weighted strategies, appealing to investors who prefer selecting stocks based on fundamental characteristics to outperform the market [3] - The fund is sponsored by Franklin Templeton Investments and has assets exceeding $1.28 billion, targeting large and mid-cap U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization [5] Fund Details - The ETF has an annual operating expense ratio of 0.03%, making it one of the least expensive options in its category, with a 12-month trailing dividend yield of 1.16% [6] - The fund's largest sector allocation is in Information Technology, comprising approximately 33.3% of the portfolio, followed by Financials and Consumer Discretionary [7] - Microsoft Corp (MSFT) is the largest holding at about 6.74% of total assets, with the top 10 holdings accounting for approximately 34.89% of USPX's total assets [8] Performance Metrics - As of July 11, 2025, the ETF has gained about 7.63% year-to-date and 13.15% over the past year, with a trading range between $43.36 and $55.00 in the past 52 weeks [10] - The ETF has a beta of 0.90 and a standard deviation of 17.62% over the trailing three-year period, indicating effective diversification of company-specific risk with around 563 holdings [10] Alternatives - The Franklin U.S. Equity Index ETF is a viable option for investors looking to outperform the Style Box - All Cap Blend segment, but there are alternative ETFs such as iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Vanguard Total Stock Market ETF (VTI) [11][12] - Both ITOT and VTI have significantly larger asset bases, with $72.02 billion and $506.04 billion respectively, and maintain an expense ratio of 0.03% [12]