Summary
MSTB
Prices · period metrics · 12M
NAV as of 03/06/2026
02/04/2025 → 02/04/2026
Return 20.33% Volatility 12.21% Sharpe 1.29
Official loaded data — not a live quote.

LHA MARKET STATE TACTICAL BETA ETF

Symbol: MSTB

Exchange: BATS

Sector: Technology

Category: Equity Hedged

Inception date: 29/09/2020

Latest date: 03/06/2026

Current price: $43.40

Expense ratio: 1.38%

Assets under management
$189.4M
-0.35% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

3.88%

Ann. -32.82% (Sharpe / Sortino numerator)

Volatility

12.29%

Sharpe ratio

-2.967

VaR 95%

-1.30%

CVaR 95%: -1.35%
Max drawdown: -5.90%
Sortino ratio: -6.046
Calmar ratio: -5.56

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

9.00%

Ann. -11.98% (Sharpe / Sortino numerator)

Volatility

11.06%

Sharpe ratio

-1.412

VaR 95%

-1.07%

CVaR 95%: -1.48%
Max drawdown: -7.84%
Sortino ratio: -2.152
Calmar ratio: -1.53

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

8.70%

Ann. -5.67% (Sharpe / Sortino numerator)

Volatility

11.38%

Sharpe ratio

-0.817

VaR 95%

-1.29%

CVaR 95%: -1.72%
Max drawdown: -8.31%
Sortino ratio: -1.066
Calmar ratio: -0.68

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

20.33%

Ann. 19.37% (Sharpe / Sortino numerator)

Volatility

12.21%

Sharpe ratio

1.290

VaR 95%

-1.24%

CVaR 95%: -1.80%
Max drawdown: -8.31%
Sortino ratio: 1.729
Calmar ratio: 2.33

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

40.31%

Ann. 11.78% (Sharpe / Sortino numerator)

Volatility

12.52%

Sharpe ratio

0.651

VaR 95%

-1.34%

CVaR 95%: -1.82%
Max drawdown: -10.81%
Sortino ratio: 0.901
Calmar ratio: 1.09

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

66.54%

Ann. 14.93% (Sharpe / Sortino numerator)

Volatility

11.74%

Sharpe ratio

0.962

VaR 95%

-1.19%

CVaR 95%: -1.69%
Max drawdown: -10.81%
Sortino ratio: 1.364
Calmar ratio: 1.38

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 03/06/2025 - 03/06/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.076%

Best day

2.057%

31/03/2026
Worst day

-2.537%

10/10/2025
Days with data

251

Recent price history (last 90 days)

Date Open High Low Close Volume
03/06/2026 $43.55 $43.55 $43.38 $43.40 11,200
02/06/2026 $43.60 $43.70 $43.60 $43.66 1,800
01/06/2026 $43.48 $43.69 $43.44 $43.59 8,400
29/05/2026 $43.44 $43.58 $43.44 $43.50 4,100
28/05/2026 $43.47 $43.51 $43.41 $43.42 2,600
27/05/2026 $43.22 $43.24 $43.18 $43.20 1,900
26/05/2026 $43.16 $43.28 $43.06 $43.19 5,500
22/05/2026 $42.95 $43.09 $42.83 $42.93 5,300
21/05/2026 $42.66 $42.90 $42.66 $42.84 13,300
20/05/2026 $42.58 $42.86 $42.58 $42.79 2,000