- 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
Themes Natural Monopoly ETF (CZAR) is down 3.3% since the beginning of the year. CZAR is currently trading at $31 per share.
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Returns By Period
Themes Natural Monopoly ETF (CZAR) has returned -3.31% so far this year and 2.33% over the past 12 months.
Themes Natural Monopoly ETF
- 1D
- -0.34%
- 1M
- -3.51%
- YTD
- -3.31%
- 6M
- -3.54%
- 1Y
- 2.33%
- 3Y*
- —
- 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%
CZAR Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2023, CZAR's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2024 with a return of +4.7%, while the worst month was Apr 2024 at -5.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CZAR closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +6.8%, while the worst single day was Apr 4, 2025 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.69% | -0.40% | -4.94% | 4.59% | -0.61% | -2.43% | -3.31% | ||||||
| 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 -3.54%, beta of 0.69, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since December 13, 2023.
- This ETF participated in 82.71% of S&P 500 Index downside but only 54.42% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.54% versus S&P 500 Index - delivering less than market exposure alone would predict.
- 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
- -3.54%
- Beta
- 0.69
- R²
- 0.52
- Upside Capture
- 54.42%
- Downside Capture
- 82.71%
Expense Ratio
CZAR has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CZAR ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by 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 | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.78 | -2.54 |
| Martin ratioReturn relative to average drawdown | 0.73 | 12.44 | -11.71 |
Dividends
Dividend History
Themes Natural Monopoly ETF provided a 1.52% 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 | 1.52% | 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 | ||||||
| 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.
The current Themes Natural Monopoly ETF drawdown is 5.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -13.38%Apr 2025 | 1mo 17d | 1mo 5d | 2mo 22dFeb 2025 - May 2025 |
2026 pullback2026 | -9.54%Mar 2026 | 1mo 14d | — | 4mo 12dFeb 2026 - now |
2024 pullback2024 | -6.77%May 2024 | 1mo 18d | 2mo 7d | 3mo 25dMar 2024 - Jul 2024 |
2025 pullback2025 | -6.09%Jan 2025 | 1mo 2d | 1mo 4d | 2mo 6dDec 2024 - Feb 2025 |
2025 pullback2025 | -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 | -5.98% | -1.80% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -10.71% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.03% | +1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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