Although it was a bit overshadowed by the COVID-19 crisis, GraniteShares US Large Cap ETF (XOUT) was named ETF.com's Best New Smart Beta or Factor ETF last year, beating out formidable competition from Pacer, Fidelity and Pimco. What is so special and groundbreaking about XOUT's smart beta approach? Unlike other products that focus on identifying winners, XOUT, consistent with its clever ticker, seeks to weed out the losers being disrupted by technological change.
The product's investment model seeks to capture the "painpoints" of a company being disrupted. The XOUT Model is