ITG (ITG)


Market Price (8/21/2026): $12.53 | Market Cap: $607.0 MilSector: Industrials | Industry: Construction & Engineering

ITG (ITG)


Market Price (8/21/2026): $12.53
Market Cap: $607.0 Mil
Sector: Industrials
Industry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Wealth Management Technology, and Algorithmic Trading.

Weak multi-year price returns
2Y Excs Rtn is -96%, 3Y Excs Rtn is -131%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 144%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.4%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%

0 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Wealth Management Technology, and Algorithmic Trading.
1 Weak multi-year price returns
2Y Excs Rtn is -96%, 3Y Excs Rtn is -131%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 144%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.4%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%

ITG in ETFs

Weight = ITG's share of each fund

VTI0.00%
VTWO0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

ITG (ITG) stock has lost about 60% since 4/30/2026 because of the following key factors:

1. Significant Net Loss Reported in Fiscal Q1 2026. ITG, Inc. reported a substantial net loss of $13.16 million for fiscal Q1 2026, which ended on March 31, 2026. This represents a significant decline compared to a net income of $1.58 million in the preceding fiscal quarter and $1.6 million in fiscal Q1 2025, indicating a negative financial performance as the company prepared for its public offering.

2. Rapid Decline Following Initial Public Offering. ITG, Inc. commenced trading on the Nasdaq Global Select Market on July 1, 2026, following its Initial Public Offering (IPO) priced at $16.00 per share. The stock experienced an immediate and sharp decline from an all-time high of $19.26, reached around June 30, 2026, to an all-time low of $10.37 by July 16, 2026. This represents a maximum decline of approximately 46.26% from its high to its low during its early trading days, reflecting a strong negative market reaction post-IPO.

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Updated on 8/1/2026

ITG (ITG) stock has lost about 60% since 4/30/2026 because of the following key factors:

1. Significant Net Loss Reported in Fiscal Q1 2026. ITG, Inc. reported a substantial net loss of $13.16 million for fiscal Q1 2026, which ended on March 31, 2026. This represents a significant decline compared to a net income of $1.58 million in the preceding fiscal quarter and $1.6 million in fiscal Q1 2025, indicating a negative financial performance as the company prepared for its public offering.

2. Rapid Decline Following Initial Public Offering. ITG, Inc. commenced trading on the Nasdaq Global Select Market on July 1, 2026, following its Initial Public Offering (IPO) priced at $16.00 per share. The stock experienced an immediate and sharp decline from an all-time high of $19.26, reached around June 30, 2026, to an all-time low of $10.37 by July 16, 2026. This represents a maximum decline of approximately 46.26% from its high to its low during its early trading days, reflecting a strong negative market reaction post-IPO.

3. IPO Proceeds Primarily Allocated to Debt Repayment. The net proceeds of approximately $323.4 million from ITG's IPO were primarily designated for the repayment of outstanding principal under its revolving credit facility and term loan facility. While debt reduction can improve financial health, the significant allocation of IPO funds to debt repayment rather than directly to aggressive growth initiatives may have dampened investor enthusiasm for a newly public company.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

4/30/2026 to 8/20/2026
ReturnCorrelation
ITG-58.6% 
Market (SPY)6.1%13.9%
Sector (XLI)3.0%12.8%

Fundamental Drivers

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Market Drivers

1/31/2026 to 8/20/2026
ReturnCorrelation
ITG-58.6% 
Market (SPY)10.5%13.9%
Sector (XLI)9.0%12.8%

Fundamental Drivers

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Market Drivers

7/31/2025 to 8/20/2026
ReturnCorrelation
ITG-58.6% 
Market (SPY)21.7%13.9%
Sector (XLI)19.5%12.8%

Fundamental Drivers

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Market Drivers

7/31/2023 to 8/20/2026
ReturnCorrelation
ITG-58.6% 
Market (SPY)72.5%13.9%
Sector (XLI)69.6%12.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ITG Return0%0%0%0%0%-58%-58%
Peers Return37%11%27%40%28%14%293%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
ITG Win Rate0%0%0%0%0%0% 
Peers Win Rate45%48%53%48%47%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ITG Max Drawdown0%0%0%0%0%-65% 
Peers Max Drawdown-21%-23%-21%-13%-27%-35% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DY, FLR, GVA, ITG, PWR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/20/2026 (YTD)

How Low Can It Go

EventITGS&P 500
2015-2016 China Devaluation / Global Growth Scare
  % Loss-23.1%-12.2%
  % Gain to Breakeven30.1%13.9%
  Time to Breakeven49 days62 days
2014-2016 Oil Price Collapse
  % Loss-24.9%-6.8%
  % Gain to Breakeven33.1%7.3%
  Time to Breakeven49 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.4%-17.9%
  % Gain to Breakeven27.3%21.8%
  Time to Breakeven24 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-16.3%-15.4%
  % Gain to Breakeven19.5%18.2%
  Time to Breakeven180 days125 days
Summer 2007 Credit Crunch
  % Loss-19.2%-8.6%
  % Gain to Breakeven23.8%9.5%
  Time to Breakeven104 days47 days

Compare to DY, FLR, GVA, ITG, PWR

In The Past

ITG's stock fell 0.0% during the Q4 2018 Fed Policy Error / Growth Scare. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventITGS&P 500
2015-2016 China Devaluation / Global Growth Scare
  % Loss-23.1%-12.2%
  % Gain to Breakeven30.1%13.9%
  Time to Breakeven49 days62 days
2014-2016 Oil Price Collapse
  % Loss-24.9%-6.8%
  % Gain to Breakeven33.1%7.3%
  Time to Breakeven49 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.4%-17.9%
  % Gain to Breakeven27.3%21.8%
  Time to Breakeven24 days123 days

Compare to DY, FLR, GVA, ITG, PWR

In The Past

ITG's stock fell 0.0% during the Q4 2018 Fed Policy Error / Growth Scare. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ITG (ITG)

Investment Technology Group (ITG) is an independent broker and financial technology company operating globally across the United States, Canada, Europe, and the Asia Pacific. ITG provides a suite of solutions primarily to asset managers and broker-dealers, focusing on enhancing trade execution services, optimizing workflow technology, and delivering comprehensive analytics. Essentially, ITG helps financial institutions manage their trading operations more efficiently and intelligently, covering aspects from pre-trade analysis to post-trade processing.

The company's offerings span the entire trading lifecycle. Key execution services include ITG Algorithms and ITG Smart Router for sophisticated equity trading, POSIT for anonymous equity crossing, and ITG Derivatives for futures and options. For workflow and order management, ITG provides Execution Management Systems (EMS) for multi-asset trading, Order Management Systems (OMS) like ITG Position Manager, and the ITG Net financial communications network. Analytics solutions, such as ITG Trading Analytics and ITG Portfolio Analytics, provide crucial insights for pre-trade decision-making, in-trade performance enhancement, and portfolio construction. Additional services encompass commission management, securities lending, and institutional broker-dealer services.

ITG's primary customers are asset managers and broker-dealers who require sophisticated tools to navigate complex financial markets. By integrating execution services, advanced technology for order and portfolio management, and robust data analytics, ITG empowers these clients to improve their investment performance, ensure compliance, and streamline operational processes. The company essentially acts as a technology and execution partner, helping financial professionals make informed decisions and execute trades more effectively across various asset classes and geographies.

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AWS for institutional trading and portfolio management.

Stripe for institutional stock trading.

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  • ITG Algorithms & Smart Router: Provides automated trading strategies for efficient order execution.
  • POSIT: Offers a crossing network for continuous and scheduled execution of non-displayed equity orders with price improvement.
  • ITG Derivatives: Enables electronic trading of listed futures and options.
  • Execution Management System (EMS): Delivers multi-asset trading capabilities for institutional clients.
  • Order Management System (OMS): Combines portfolio management, compliance functionality, and a financial services communications network.
  • ITG Trading Analytics: Enhances execution performance with pre-trade, during-trade, and post-trade analytics and risk models.
  • ITG Portfolio Analytics: Assists asset managers with tasks like portfolio construction, optimization, and decision-making.
  • ITG Commission Manager: A web-based portal designed for managing commission workflows.
  • ITG RFQ-hub: A platform for requesting quotes across global-listed and over-the-counter financial instruments.
  • Securities Lending Services: Provides services for the lending and borrowing of securities.
  • ITG Net: A financial communications network connecting the financial community.
  • ITG Single Ticket Clearing: Offers a broker-neutral operational service for clearing trades.

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ITG (Investment Technology Group, Inc.) primarily sells its financial technology solutions and services to other companies within the financial industry.

Based on the provided company description, its major customers are broadly categorized as:

  • Asset Managers: These are firms that manage investment portfolios for individuals and institutions. ITG offers them solutions for portfolio management, investment research, pre-trade analytics, and post-trade analytics and processing.
  • Broker-Dealers: Financial firms that execute trades on behalf of clients or for their own accounts. ITG provides them with execution services, workflow technology, and various analytical tools.
  • Institutional Investors and the broader Financial Community: This category encompasses financial institutions, including those mentioned above, that utilize ITG's comprehensive suite of services such as its Execution Management System, Order Management System, financial communications network (ITG Net), and platforms like ITG RFQ-hub.

The provided background information does not list the specific names of ITG's customer companies.

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Francis J. Troise, Chief Executive Officer
Francis J. Troise served as the CEO and President of ITG, joining the company in January 2016. He previously had a significant tenure at ITG from 1997 to 2005. Before rejoining, he was a managing director and head of J.P. Morgan Execution Services from 2010 to October 2015. His career also includes leadership roles in electronic trading at Barclays Capital and Lehman Brothers, and management consulting at Booz Allen and Accenture. After ITG's acquisition, he became CEO and board member of Pico Quantitative Trading and later, in 2024, President of global capital markets at Broadridge Financial Solutions.

Steven Vigliotti, Chief Financial Officer
Steven Vigliotti served as the Chief Financial Officer and Chief Administrative Officer of ITG, having joined the company in January 2010. He possesses over 20 years of experience as a CFO for both publicly traded and private equity-backed companies. He is a Certified Public Accountant.

Rob Boardman, Chief Executive Officer, ITG Europe
Rob Boardman was the Chief Executive Officer of ITG Europe, having joined ITG in 2006 as Head of Algorithmic Sales. He advanced to lead the electronic trading business and became EMEA CEO in 2010. Prior to ITG, he spent 12 years at Goldman Sachs, starting in 1994, where he worked on deploying trading technology. He was also a founder member of the European FIX Protocol organization.

Tom Shpetner, Chief Compliance Officer
Tom Shpetner served as the Chief Compliance Officer of ITG, a role he assumed in April 2016.

Hatice Unal, Managing Director, Global Technology Infrastructure
Hatice Unal served as the Managing Director, Global Technology Infrastructure for ITG, having started in April.

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AI Analysis | Feedback

The emergence of blockchain-based digital asset trading platforms and decentralized finance (DeFi) protocols presents a clear emerging threat to ITG. As financial institutions increasingly explore and adopt tokenized assets and on-chain trading solutions, the traditional intermediary role played by ITG through its execution services (e.g., ITG Algorithms, ITG Smart Router, POSIT) and clearing services (e.g., ITG Single Ticket Clearing) could be significantly diminished or disintermediated. DeFi aims to create a new, peer-to-peer financial market infrastructure that could bypass many of the conventional broker-dealer and market technology services ITG currently provides, offering alternative execution and settlement mechanisms that are faster, cheaper, and more transparent.

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Here are the addressable market sizes for ITG's main products and services:

  • Execution Services (including Algorithmic Trading and Dark Pools):
    • The global algorithmic trading market was estimated at USD 21.06 billion in 2024 and is projected to reach USD 42.99 billion by 2030.
    • In 2023, North America held a dominant share of over 33% of the algorithmic trading market, with revenues amounting to USD 4.3 billion.
    • For dark pools and off-exchange venues, nearly half of all trading activity in the U.S. occurred in these venues as of February 2022. The North America dark pool and off-exchange volume analysis market was valued at USD 2.57 billion in 2025 and is projected to reach USD 4.87 billion by 2034.
  • Workflow Technology:
    • Execution Management System (EMS): The global market for Execution Management Systems was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 10.2 billion by 2032. North America accounted for approximately 40% of the global EMS market share in 2023.
    • Order Management System (OMS): The global Order Management Systems market was valued at USD 3.8 billion in 2025 and is projected to reach USD 9.1 billion by 2034. North America held the dominant position in the global OMS market in 2025, accounting for 38.5% of total revenues.
  • Analytics (Financial Analytics Software):
    • The global financial analytics market size was valued at USD 13.7 billion in 2025 and is estimated to reach USD 30.1 billion by 2034.
    • North America currently dominates the financial analytics market, holding a significant market share of over 34.0% in 2025.
  • Commission Management (Sales Commission Software):
    • The global sales commission software market was valued at USD 5.26 billion in 2024 and is anticipated to reach USD 9.38 billion by 2032.
    • North America holds approximately 38% of the global sales commission software market.
  • Securities Lending Services:
    • The global Securities Lending Services market size is expected to grow at a CAGR of 7.90% from 2025 to 2034, with a market size of USD 260 billion in 2025 and a forecast to reach USD 520 billion by 2034.
  • Institutional Broker-Dealer Services:
    • The global investment banking & brokerage industry market size was USD 423.0 billion in 2026.
  • Data-driven Investment Research:
    • The market research sector, as part of the broader insights industry, accounted for approximately USD 54 billion globally as of 2023.

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Peer Outperformance in Construction & Engineering

ITG has trailed 90% of its 30 Construction & Engineering peers over 5Y. Construction & Engineering ranks 1st of 23 industries in Industrials by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Construction & Engineering constituents that ITG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
3%
of 33 industry peers · -58.6% return
3Y
6%
of 31 industry peers · -58.6% return
5Y
10%
of 30 industry peers · -58.6% return
No Construction & Engineering peer with a comparable growth profile has beaten ITG by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Construction & Engineering is ITG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering ← 31 29.0%130.0%210.1% CDNL 3150% · STRL 2271% · FIX 2195%
Marine Transportation 4 65.3%63.9%164.2% MATX 216% · KEX 164% · SFL 164%
Construction Machinery & Heavy Transportation Equipment 13 12.8%63.1%123.5% CAT 334% · ALSN 272% · WAB 251%
Aerospace & Defense 55 14.2%69.9%83.1% DFNS 2442% · ATI 1079% · FTAI 931%
Passenger Ground Transportation 3 -2.7%56.8%68.8% UBER 97% · CAR 69% · LYFT -62%
Industrial Machinery & Supplies & Components 71 10.6%55.4%54.0% CRS 1511% · PSIX 843% · GHM 739%
Rail Transportation 7 37.7%73.2%46.8% FSTR 119% · CSX 62% · UNP 52%
Cargo Ground Transportation 16 45.8%12.0%45.7% XPO 281% · R 274% · CVLG 222%
Trading Companies & Distributors 18 5.6%34.8%44.1% DXPE 532% · AIT 307% · URI 245%
Diversified Support Services 34 12.0%33.4%40.4% LIME 4787% · TH 408% · WLFC 355%
Electrical Components & Equipment 40 24.7%44.6%31.5% POWL 2445% · BE 912% · VRT 882%
Building Products 33 -4.1%16.6%29.2% GFF 423% · LMB 423% · PPIH 287%
Industrial Conglomerates 17 23.4%26.6%10.3% RCMT 808% · TTI 182% · CSW 151%
Office Services & Supplies 10 14.7%27.3%4.2% TILE 199% · PBI 168% · EBF 57%
Environmental & Facilities Services 28 -8.1%16.9%3.3% CECO 904% · ADUR 652% · NVRI 302%
Research & Consulting Services 13 -6.9%-18.4%-3.8% HURN 226% · CRAI 98% · GRNQ 80%
Agricultural & Farm Machinery 17 -3.3%-10.5%-17.6% BLBD 196% · DE 89% · GENC 66%
Data Processing & Outsourced Services 6 -30.7%-9.3%-25.1% EXLS 55% · BR 12% · G -24%
Passenger Airlines 11 8.8%-8.6%-26.1% LTM 2372% · UAL 154% · SKYW 151%
Human Resource & Employment Services 21 12.6%-19.8%-35.3% BBSI 88% · ADP 47% · KFY 39%
Air Freight & Logistics 12 -13.3%-25.2%-36.6% CHRW 83% · FDX 69% · EXPD 61%
Security & Alarm Services 10 -32.3%-17.2%-47.1% CIX 121% · MG 101% · BCO 56%
Airport Services 3 -68.1%-69.6%-58.7% JOBY -24% · ASLE -59% · UP -100%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ITGDYFLRGVAPWRMedian
NameITG Dycom In.Fluor Granite .Quanta S. 
Mkt Price12.53400.2352.16122.97662.47122.97
Mkt Cap0.612.07.35.499.57.3
Rev LTM1,2566,25215,5364,96732,9056,252
Op Inc LTM67483-2972952,014295
FCF LTM-80440-3304722,391440
FCF 3Y Avg-191833261,765259
CFO LTM-35672-2876053,178605
CFO 3Y Avg-4371824562,403447

Growth & Margins

ITGDYFLRGVAPWRMedian
NameITG Dycom In.Fluor Granite .Quanta S. 
Rev Chg LTM-29.8%-4.8%21.8%26.3%24.0%
Rev Chg 3Y Avg-16.6%1.2%15.3%21.5%16.0%
Rev Chg Q-56.1%8.8%29.3%41.1%35.2%
QoQ Delta Rev Chg LTM-12.7%2.3%7.1%9.2%8.2%
Op Inc Chg LTM-40.2%-189.7%35.8%38.3%37.1%
Op Inc Chg 3Y Avg-24.2%357.1%87.9%29.8%58.9%
Op Mgn LTM5.3%7.7%-1.9%5.9%6.1%5.9%
Op Mgn 3Y Avg-7.6%0.9%4.7%5.6%5.2%
QoQ Delta Op Mgn LTM-0.1%0.9%0.1%0.5%0.3%
CFO/Rev LTM-2.8%10.7%-1.8%12.2%9.7%9.7%
CFO/Rev 3Y Avg-8.3%1.1%10.5%8.9%8.6%
FCF/Rev LTM-6.4%7.0%-2.1%9.5%7.3%7.0%
FCF/Rev 3Y Avg-3.4%0.5%7.4%6.5%4.9%

Valuation

ITGDYFLRGVAPWRMedian
NameITG Dycom In.Fluor Granite .Quanta S. 
Mkt Cap0.612.07.35.499.57.3
P/S0.51.90.51.13.01.1
P/Op Inc9.024.8-24.418.249.418.2
P/EBIT10.024.8-69.01,713.948.524.8
P/E45.738.5-3.6-32.675.038.5
P/CFO-17.217.9-25.38.931.38.9
Total Yield2.2%2.6%-27.5%-2.6%1.4%1.4%
Dividend Yield0.1%0.0%0.0%0.4%0.1%0.1%
FCF Yield 3Y Avg-1.8%1.0%7.2%2.9%2.4%
D/E1.40.20.10.30.10.2
Net D/E1.40.2-0.30.10.10.1

Returns

ITGDYFLRGVAPWRMedian
NameITG Dycom In.Fluor Granite .Quanta S. 
1M Rtn2.8%-5.4%1.5%-1.5%3.6%1.5%
3M Rtn-58.6%-3.4%17.0%-3.6%-7.6%-3.6%
6M Rtn-58.6%-4.6%-1.3%-7.8%19.6%-4.6%
12M Rtn-58.6%55.6%27.6%12.7%76.4%27.6%
3Y Rtn-58.6%317.4%54.6%210.3%226.6%210.3%
1M Excs Rtn-8.5%-9.7%-0.8%-4.1%1.1%-4.1%
3M Excs Rtn-61.4%-5.8%17.3%-8.7%-9.5%-8.7%
6M Excs Rtn-69.9%-15.9%-12.6%-19.1%8.3%-15.9%
12M Excs Rtn-77.7%29.3%7.2%-6.4%55.6%7.2%
3Y Excs Rtn-130.7%249.8%-20.4%124.1%155.0%124.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024
Specialty contracting services1,155998
Total1,155998


Price Behavior

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ITG Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.690.500.540.240.150.04
Up Beta7.382.572.060.780.500.08
Down Beta-11.85-4.71-3.36-1.81-0.82-0.20
Up Capture-96%-40%-25%-10%-5%-0%
Bmk +ve Days11223567138427
Stock +ve Days888888
Down Capture871%366%316%164%109%61%
Bmk -ve Days11212859114326
Stock -ve Days141414141414

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ITG
ITG-29.3%96.4%-2.15-
Sector ETF (XLI)20.1%17.1%0.9012.8%
Equity (SPY)20.3%12.9%1.1613.9%
Gold (GLD)36.2%28.7%1.0728.0%
Commodities (DBC)44.1%20.2%1.6911.5%
Real Estate (VNQ)13.3%13.8%0.66-33.7%
Bitcoin (BTCUSD)-38.8%43.2%-1.012.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ITG
ITG-6.7%96.4%-2.15-
Sector ETF (XLI)12.9%17.6%0.5712.8%
Equity (SPY)12.8%17.2%0.5713.9%
Gold (GLD)20.4%18.6%0.8928.0%
Commodities (DBC)10.2%19.6%0.4011.5%
Real Estate (VNQ)2.4%18.9%0.02-33.7%
Bitcoin (BTCUSD)9.3%52.7%0.362.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ITG
ITG3.3%36.7%0.44-
Sector ETF (XLI)13.8%20.0%0.6119.5%
Equity (SPY)15.2%17.9%0.7218.8%
Gold (GLD)12.4%16.2%0.63-0.0%
Commodities (DBC)8.1%18.1%0.373.2%
Real Estate (VNQ)4.9%20.7%0.20-0.4%
Bitcoin (BTCUSD)61.0%66.1%1.013.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 7152026-55.7%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity48.4 Mil
Short % of Basic Shares0.4%

Earnings Returns History

Updated 8/21/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/2026-3.9%-2.9% 
SUMMARY STATS   
# Positive000
# Negative110
Median Positive   
Median Negative-3.9%-2.9% 
Max Positive   
Max Negative-3.9%-2.9% 
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/2026-3.9%-2.9% 
SUMMARY STATS   
# Positive000
# Negative110
Median Positive   
Median Negative-3.9%-2.9% 
Max Positive   
Max Negative-3.9%-2.9% 

SEC Filings

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Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202607/02/2026424B4
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Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202607/02/2026424B4
Core Cache Last Updated: 8/20/2026