- Delisting Date
- Jul 28, 2026
- Issuer
- Themes
- Inception Date
- Dec 12, 2023
- Region
- Developed Markets (Broad)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive Natural Monopoly Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2M
Share Price Chart
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Performance
CZAR Performance Chart
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Returns By Period
Themes Natural Monopoly ETF (CZAR) has returned 3.33% so far this year and 7.47% over the past 12 months.
Themes Natural Monopoly ETF
- 1D
- 0.00%
- 1M
- 3.31%
- 6M
- 2.62%
- YTD
- 3.33%
- 1Y
- 7.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.05%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CZAR Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.69% | -0.40% | -4.94% | 4.59% | -0.61% | -1.66% | 6.03% | 3.33% | |||||
| 2025 | 3.35% | 1.56% | -2.52% | 1.48% | 2.64% | 4.11% | -1.08% | 1.83% | 1.70% | -1.18% | 0.05% | 0.82% | 13.32% |
| 2024 | 0.43% | 3.55% | 2.55% | -5.10% | 1.69% | 2.91% | 3.05% | 2.57% | 1.53% | -2.45% | 4.73% | -4.47% | 10.92% |
| 2023 | 3.83% | 3.83% |
Benchmark Metrics
Themes Natural Monopoly ETF has an annualized alpha of -0.53%, beta of 0.68, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since December 13, 2023.
- This ETF participated in 54.53% of S&P 500 Index downside but only 54.42% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 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
- -0.53%
- Beta
- 0.68
- R²
- 0.50
- Upside Capture
- 54.42%
- Downside Capture
- 54.53%
Expense Ratio
CZAR has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CZAR ranks 22 for risk / return — above 22% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Themes Natural Monopoly ETF (CZAR) 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.
| CZAR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.00 | -1.39 |
| Martin ratioReturn relative to average drawdown | 1.73 | 8.49 | -6.76 |
Dividends
Dividend History
Themes Natural Monopoly ETF provided a 1.42% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.47 | $0.47 | $0.27 |
Dividend yield | 1.42% | 1.47% | 0.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Themes Natural Monopoly 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 | $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 | $0.47 | $0.47 |
| 2024 | $0.27 | $0.27 |
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 Themes Natural Monopoly 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 Themes Natural Monopoly ETF was 13.38%, occurring on Apr 8, 2025. Recovery took 24 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.38%Apr 2025 | 1mo 17d | 1mo 5d | 2mo 22dFeb 2025 - May 2025 | 2025 selloff2025 |
-9.54%Mar 2026 | 1mo 14d | 4mo 3d | 5mo 17dFeb 2026 - Jul 2026 | — |
-6.77%May 2024 | 1mo 18d | 2mo 7d | 3mo 25dMar 2024 - Jul 2024 | — |
-6.09%Jan 2025 | 1mo 2d | 1mo 4d | 2mo 6dDec 2024 - Feb 2025 | — |
-5.78%Nov 2025 | 23d | 1mo 23d | 2mo 16dOct 2025 - Jan 2026 | — |
Drawdown Indicators
| CZAR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -56.78% | +43.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -9.10% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -10.70% | +8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.14% | +1.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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