Summary
MSTB
Prices · period metrics · 12M
NAV as of 20/07/2026
02/04/2025 → 02/04/2026
Return 12.74% 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: 20/07/2026

Current price: $42.54

Expense ratio: 1.38%

Assets under management
$196.2M
-0.53% daily change

Period performance

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

Adjusted return
--
--

Performance metrics

Period total return

-0.54%

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

3.06%

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

7.49%

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

12.74%

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

29.27%

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

55.00%

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: 21/07/2025 - 20/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.05%

Best day

2.057%

31/03/2026
Worst day

-2.537%

10/10/2025
Days with data

250

Recent price history (last 90 days)

Date Open High Low Close Volume
20/07/2026 $42.77 $42.83 $42.53 $42.54 18,700
17/07/2026 $42.66 $42.95 $42.61 $42.68 3,600
16/07/2026 $43.26 $43.26 $42.97 $43.07 8,400
15/07/2026 $43.20 $43.36 $43.14 $43.27 5,500
14/07/2026 $43.14 $43.26 $43.09 $43.16 5,200
13/07/2026 $43.16 $43.16 $42.94 $43.00 1,500
10/07/2026 $43.16 $43.35 $43.16 $43.33 7,000
09/07/2026 $42.91 $43.22 $42.91 $43.11 3,500
08/07/2026 $42.69 $42.84 $42.41 $42.75 2,500
07/07/2026 $42.75 $42.98 $42.75 $42.87 3,300