Form N-CSR Cover
Form N-CSR Cover | 12 Months Ended |
Jul. 31, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | ETF Opportunities Trust |
Entity Central Index Key | 0001771146 |
Document Period End Date | Jul. 31, 2024 |
Shareholder Report
Shareholder Report | 12 Months Ended |
Jul. 31, 2024 USD ($) Holding | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | ETF Opportunities Trust |
Entity Central Index Key | 0001771146 |
Document Period End Date | Jul. 31, 2024 |
American Conservative Values ETF | |
Shareholder Report [Line Items] | |
Fund Name | American Conservative Values ETF |
Class Name | American Conservative Values ETF |
Trading Symbol | ACVF |
Annual or Semi-Annual Statement [Text Block] | annual Shareholder Report July 31, 2024 |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | This annual shareholder report acvetfs.com/acvf-fund-material/ (888) 909-6030 |
Additional Information Phone Number | (888) 909-6030 |
Additional Information Website | acvetfs.com/acvf-fund-material/ |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment American Conservative Values ETF $83 0.75% |
Expenses Paid, Amount | $ 83 |
Expense Ratio, Percent | 0.75% |
Factors Affecting Performance [Text Block] | How did the Fund perform last year? The Fund returned 20.93% (NAV) for the year ended July 31, 2024 vs 22.15% for the S&P 500® Index and 21.50% for the Russell 1000 Total Return Index. The Fund invests substantially all of its assets in a portfolio of Large-Cap US equities and performance was affected by the boycotting of securities with a high active share (28%) of the S&P 500® benchmark. During the reporting period equity markets were significantly influenced by shifting expectations around inflation and interest rates, with stocks rallying particularly (the Magnificent Seven) on growing confidence that slowing inflation will allow for rate cuts towards the end of 2024. What key factors affected the Fund's performance? The performance of our boycotts compared to what companies we overweight or replaced them with in the portfolio will always be the most significant driver of our relative returns to benchmarks. To minimize the resulting active risk, we remain broadly diversified and attempt to control multiply risk factors such as size, sector and style. In aggregate, the Fund's 37 Boycotts, which represented approximately 28% of the S&P 500® detracted -6.35% from performance while what we did own contributed +6.05% to the one-year return. |
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) American Conservative Values ETF - $17,825 S&P 500® Index - $17,893 10/28/20 10000 10000 07/31/21 13560 13590 07/31/22 12990 12960 07/31/23 14740 14650 07/31/24 17830 17890 * Inception |
Average Annual Return [Table Text Block] | Annual Performance 1 Year Average Annual Total Returns Since Inception ( 10/28/20 American Conservative Values ETF - NAV 20.93% 16.65% American Conservative Values ETF - Market 21.07% 16.66% S&P 500® Index 22.15% 16.75% |
Performance Inception Date | Oct. 28, 2020 |
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 | $ 99,293,000 |
Holdings Count | Holding | 368 |
Advisory Fees Paid, Amount | $ 565,214 |
Investment Company, Portfolio Turnover | 12.98% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of ) Fund Size (Thousands) $99,293 Number of Holdings 368 Total Advisory Fee Paid $565,214 Portfolio Turnover Rate 12.98% |
Holdings [Text Block] | Sector Breakdown Sector % COMMUNICATION SERVICES 3.53% CONSUMER DISCRETIONARY 10.83% CONSMER STAPLES 7.23% ENERGY 3.78% FINANCIALS 13.56% HEALTH CARE 11.29% INDUSTRIALS 11.07% INFORMATION TECHNOLOGY - HARDWARE 16.38% INFORMATION TECHNOLOGY - SOFTWARE & SERVICES 15.51% MATERIALS 2.50% REAL ESTATE 1.84% UTILITIES 2.18% |
Largest Holdings [Text Block] | Top Ten Holdings Nvidia Corp. 6.94% Microsoft Corp. 4.87% Berkshire Hathaway Class B 2.81% Broadcom, Inc. 2.02% Home Depot, Inc. 1.73% Costco Wholesale Corp. 1.65% Mastercard, Inc. Class A 1.64% The Procter & Gamble Co. 1.60% Eli Lilly & Co. 1.60% Exxon Mobil Corp. 1.55% |
Shareholder Report, Line Graph
Shareholder Report, Line Graph (Details) - USD ($) | Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | Oct. 28, 2020 |
American Conservative Values ETF | |||||
Account Value [Line Items] | |||||
Account Value | $ 17,830 | $ 14,740 | $ 12,990 | $ 13,560 | $ 10,000 |
S&P 500® Index | |||||
Account Value [Line Items] | |||||
Account Value | $ 17,890 | $ 14,650 | $ 12,960 | $ 13,590 | $ 10,000 |
Shareholder Report, Average Ann
Shareholder Report, Average Annual Return (Details) | 12 Months Ended | 45 Months Ended |
Jul. 31, 2024 | Jul. 31, 2024 | |
American Conservative Values ETF | ||
Average Annual Return [Line Items] | ||
Average Annual Return, Percent | 20.93% | 16.65% |
S&P 500® Index | ||
Average Annual Return [Line Items] | ||
Average Annual Return, Percent | 22.15% | 16.75% |
American Conservative Values ETF - Market | ||
Average Annual Return [Line Items] | ||
Average Annual Return, Percent | 21.07% | 16.66% |
Shareholder Report, Holdings (D
Shareholder Report, Holdings (Details) - American Conservative Values ETF | Jul. 31, 2024 |
Nvidia Corp. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.94% |
Microsoft Corp. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.87% |
Berkshire Hathaway Class B | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.81% |
Broadcom, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.02% |
Home Depot, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.73% |
Costco Wholesale Corp. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.65% |
Mastercard, Inc. Class A | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.64% |
The Procter & Gamble Co. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.60% |
Eli Lilly & Co. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.60% |
Exxon Mobil Corp. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.55% |
COMMUNICATION SERVICES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.53% |
CONSUMER DISCRETIONARY | |
Holdings [Line Items] | |
Percent of Net Asset Value | 10.83% |
CONSMER STAPLES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 7.23% |
ENERGY | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.78% |
FINANCIALS | |
Holdings [Line Items] | |
Percent of Net Asset Value | 13.56% |
HEALTH CARE | |
Holdings [Line Items] | |
Percent of Net Asset Value | 11.29% |
INDUSTRIALS | |
Holdings [Line Items] | |
Percent of Net Asset Value | 11.07% |
INFORMATION TECHNOLOGY - HARDWARE | |
Holdings [Line Items] | |
Percent of Net Asset Value | 16.38% |
INFORMATION TECHNOLOGY - SOFTWARE & SERVICES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 15.51% |
MATERIALS | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.50% |
Real Estate [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.84% |
UTILITIES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.18% |