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Bushido Capital's US SMID Cap ETF (RNIN) rated Hold; strong early performance but needs more track record.

Analyst Insights
22 Aug 2026
Seeking Alpha
View Source
Bullish
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The Bushido Capital US SMID Cap Equity ETF (RNIN), an actively managed fund focusing on high-quality small and mid-cap stocks, receives a Hold rating. With 80 IT-heavy equities, RNIN has shown strong performance since its launch, outperforming major market benchmarks like IVV, IJR, IJH, and IWM. However, with just over 15 months of history, the analyst prefers to see more evidence of sustained outperformance before upgrading the rating. Investors interested in active SMID strategies are advised to keep RNIN on their watchlist for now.

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