ROE ETF has reasonable valuation, but underperforms peers

The Astoria US Equal Weight Quality Kings ETF (NASDAQ: ROE) is underperforming compared to other similar funds. This ETF focuses on high-quality companies and uses an equal-weight strategy. This means it invests evenly across its holdings rather than concentrating on the largest companies. A key feature of ROE is its significant investment in mid-cap companies. These are businesses that fall between small and large companies in terms of market value. This strategy sets it apart from many of its competitors. However, despite its reasonable valuation, ROE has not performed as well as other funds in the market. Investors should consider this underperformance when evaluating their options. It is important to note that past performance does not guarantee future results. Additionally, this article does not provide investment advice, and readers should do their own research before making investment decisions.