Shareholder Report | 12 Months Ended |
Oct. 31, 2024 USD ($) Holdings |
Shareholder Report [Line Items] | | |
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | ETF Opportunities Trust | |
Entity Central Index Key | 0001771146 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | Oct. 31, 2024 | |
Kingsbarn Dividend Opportunity ETF [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Kingsbarn Dividend Opportunity ETF | |
Class Name | Kingsbarn Dividend Opportunity ETF | |
Trading Symbol | DVDN | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Kingsbarn Dividend Opportunity ETF for the period of November 2, 2023 (Inception) to October 31, 2024. | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at www.kingsbarncapital.com/kingsbarn-dvdn-dividend-opportunity-etf/. You can also request this information by contacting us at (866) 788-7878. | |
Additional Information Phone Number | (866) 788-7878 | |
Additional Information Website | www.kingsbarncapital.com/kingsbarn-dvdn-dividend-opportunity-etf/ | |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 Costs paid as a Kingsbarn Dividend Opportunity ETF $100¹ 0.90%² ¹ Costs are for the period of November 2, 2023 to October 31, 2024. Costs for a full annual period would be higher. ² Annualized. | |
Expenses Paid, Amount | $ 100 | [1] |
Expense Ratio, Percent | 0.90% | [2] |
Expenses Short Period Footnote [Text Block] | Costs are for the period of November 2, 2023 to October 31, 2024. Costs for a full annual period would be higher. | |
Factors Affecting Performance [Text Block] | How did the Fund perform? The Kingsbarn Dividend Opportunity ETF (the “Fund”) returned 22.49% for the period of November 2, 2023 to October 31, 2024. The Fund underperformed its broad-based benchmark, the S&P 500® Index, which returned 36.58% for the same period. The Fund outperformed its secondary indices, the MVIS US Mortgage REITs Index and the MVIS US Business Development Companies Index, which returned 18.50% and 18.43% during the same period, respectively. What Factors Influenced Performance? The period of November 2, 2023, to October 31, 2024, was a challenging one in which to manage a yield-oriented portfolio, as market rates remained volatile, and the treasury yield curve stayed inverted throughout the year. The Fund outperformed its benchmarks, the MVIS US Mortgage REITs Index and the MVIS US Business Development Companies Index, during this period. This overperformance was due to the Fund’s larger allocation to commercial mortgage REITs, reflecting the thesis that multifamily assets would not incur the losses assumed by the marketplace, as reflected in equity valuations. Market Outlook In our view, economic growth is moderating from an above-trend growth rate to trend growth. However, we don’t think the deceleration is significant or happening fast enough to provide the Federal Reserve with the comfort it needs to cut rates commensurate with market expectations. We continue to think the market’s anticipation of substantial Fed easing may be overly optimistic. As the Fed continues to monitor economic and inflationary conditions, we think it is more probable that their approach to rate cuts will remain measured and incremental. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | Cumulative Performance (based on a hypothetical $10,000 investment) * Inception | |
Average Annual Return [Table Text Block] | Annual Performance Total Return Kingsbarn Dividend Opportunity ETF 22.49% S&P 500® Index 36.58% MVIS US Mortgage REITs Index 18.50% MVIS US Business Development Companies Index 18.43% | |
Performance Inception Date | Nov. 02, 2023 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Net Assets | $ 823,000 | |
Holdings Count | Holdings | 18 | |
Advisory Fees Paid, Amount | $ 6,123 | |
Investment Company, Portfolio Turnover | 1,049.98% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of October 31, 2024) Fund Net Assets (Thousands) $823 Number of Holdings 18 Total Advisory Fee Paid $6,123 Portfolio Turnover Rate 1,049.98% | |
Holdings [Text Block] | What did the Fund invest in? (% of Net Assets as of October 31, 2024) Sector Breakdown Top Ten Holdings MFA Financial, Inc. 6.71% Blackstone Secured Lending Fund 6.67% Bright Spire Capital, Inc. 6.65% Crescent Capital BDC, Inc. 6.58% Dynex Capital, Inc. 6.56% Claros Mortgage Trust, Inc. 6.52% Chimera Investment Corp. 6.51% New York Mortgage Trust, Inc. 4.93% FS KKR Capital Corp. 4.88% KKR Real Estate Finance Trust, Inc. 4.87% | |
Largest Holdings [Text Block] | Top Ten Holdings MFA Financial, Inc. 6.71% Blackstone Secured Lending Fund 6.67% Bright Spire Capital, Inc. 6.65% Crescent Capital BDC, Inc. 6.58% Dynex Capital, Inc. 6.56% Claros Mortgage Trust, Inc. 6.52% Chimera Investment Corp. 6.51% New York Mortgage Trust, Inc. 4.93% FS KKR Capital Corp. 4.88% KKR Real Estate Finance Trust, Inc. 4.87% | |
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[1]Costs are for the period of November 2, 2023 to October 31, 2024. Costs for a full annual period would be higher.[2]Annualized. |