- Issuer
- Cultivar
- Inception Date
- Dec 22, 2021
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
CVAR Performance Chart
Cultivar ETF (CVAR) is down 1.0% since the beginning of the year. CVAR is currently trading at $28 per share.
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Returns By Period
Cultivar ETF (CVAR) has returned -1.03% so far this year and 9.67% over the past 12 months.
Cultivar ETF
- 1D
- -0.55%
- 1M
- -2.06%
- YTD
- -1.03%
- 6M
- -1.81%
- 1Y
- 9.67%
- 3Y*
- 7.92%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CVAR Monthly Returns History
Based on dividend-adjusted daily data since Dec 23, 2021, CVAR's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2023 with a return of +11.9%, while the worst month was Sep 2022 at -8.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CVAR closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +5.7%, while the worst single day was Apr 4, 2025 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.60% | 4.59% | -7.18% | 1.99% | 0.18% | -2.74% | -1.03% | ||||||
| 2025 | 2.49% | -0.03% | 1.11% | -2.77% | 1.41% | 3.49% | -0.92% | 5.47% | 1.68% | -0.84% | 1.98% | 1.21% | 14.95% |
| 2024 | -3.82% | 0.97% | 5.14% | -3.56% | 1.36% | -0.62% | 6.74% | -0.14% | 1.93% | -2.11% | 4.42% | -6.39% | 3.12% |
| 2023 | 11.94% | -4.99% | 0.16% | -1.04% | -4.20% | 5.72% | 4.18% | -4.26% | -5.53% | -5.81% | 9.27% | 7.92% | 11.74% |
| 2022 | 0.99% | 0.03% | 3.47% | -4.96% | 4.01% | -7.76% | 3.84% | -4.64% | -8.16% | 8.12% | 5.57% | -4.01% | -5.03% |
| 2021 | 0.70% | 0.70% |
Benchmark Metrics
Cultivar ETF has an annualized alpha of -1.96%, beta of 0.69, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since December 23, 2021.
- This ETF participated in 87.49% of S&P 500 Index downside but only 66.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.69 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.96%
- Beta
- 0.69
- R²
- 0.61
- Upside Capture
- 66.88%
- Downside Capture
- 87.49%
Expense Ratio
CVAR has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CVAR ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Cultivar ETF (CVAR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVAR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.78 | -1.63 |
| Martin ratioReturn relative to average drawdown | 2.60 | 12.44 | -9.84 |
Dividends
Dividend History
Cultivar ETF provided a 1.54% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.89 | $0.36 | $1.26 |
Dividend yield | 1.54% | 1.53% | 3.57% | 1.41% | 5.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Cultivar ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2022 | $1.26 | $1.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Cultivar ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cultivar ETF was 19.39%, occurring on Sep 27, 2022. Recovery took 87 trading sessions.
The current Cultivar ETF drawdown is 7.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -19.39%Sep 2022 | 5mo 9d | 4mo 7d | 9mo 16dApr 2022 - Feb 2023 |
2023 correction2023 | -18.68%Oct 2023 | 8mo 26d | 8mo 23d | 1y 5moFeb 2023 - Jul 2024 |
2025 selloff2025 | -13.50%Apr 2025 | 4mo 6d | 2mo 24d | 7moDec 2024 - Jul 2025 |
2026 pullback2026 | -8.45%Mar 2026 | 17d | — | 3mo 23dMar 2026 - now |
2025 pullback2025 | -6.66%Nov 2025 | 23d | 21d | 1mo 14dOct 2025 - Dec 2025 |
Drawdown Indicators
| CVAR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.39% | -56.78% | +37.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -9.10% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -18.90% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.76% | -1.80% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -10.71% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.03% | +1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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