GOP ETF — Unusual Whales Subversive Republican Trading ETF

Unusual Whales Subversive Republican Trading ETF (GOP)

Updated October 16, 2026.

GOP is an ETF. its distribution rate is 0.58%, its trailing-12-month yield is 0.58%, its expense ratio is 0.73%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 75.9% over the past 3.7 years, 16.8 points behind SPY at 92.7%.

The Unusual Whales Subversive Republican Trading ETF is an actively-managed equity ETF that tracks publicly disclosed stock investments made by sitting Republican members of the U.S. Congress and their family members, as reported under the STOCK Act. The fund has a modest current distribution rate and pays distributions annually, with an expense ratio of 0.73%. It may appeal to investors interested in thematic equity strategies based on congressional trading activity, though the fund's non-diversified structure carries concentrated risk.

GOP performance versus SPY

Price and return data through 2026-10-16.

Total return is 75.9% over the past 3.7 years, 16.8 points behind SPY at 92.7%. Over the past year its total return — price change plus distributions reinvested — is 22.0%. Its deepest 1-year drawdown was 6.9%.

GOP key facts

Distribution Safety Score™

50 · Unproven

Issuer

Subversive

Asset type

ETF

Asset class

Equity

Inception date

02/07/2023

Expense ratio

0.73%

Distribution rate

0.58%

Distribution frequency

Annual

Trailing yield

0.58%

Last close

$43.46 (as of 2026-10-16)

AUM

$92,241,512

Average volume

6001.0

Dividend

$0.25

Ex-dividend date

12/26/2025

Payment date

12/29/2025

Beta

0.96

How Dividend Vision calculates yield and returns

Distribution rate (0.58%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.58%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Subversive; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GOP risks and drawbacks

GOP's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.9%.

Who may consider GOP — and who may not

It is a weaker fit for investors who need monthly cash flow (GOP pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on GOP

• All tickers starting with G

Frequently asked questions

More securities from Subversive.