- CUSIP
- 02072Q705
- Issuer
- MRBL
- Inception Date
- Jan 21, 2025
- Region
- North America (U.S.)
- Category
- Derivative Income
- Leveraged
- 1.25x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 3K
- Avg. Volume Value (1M)
- $144.38K
Share Price Chart
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Performance
EDGE Performance Chart
MRBL Enhanced Equity ETF (EDGE) is up 10.7% since the beginning of the year. EDGE is currently trading at $50 per share.
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Returns By Period
MRBL Enhanced Equity ETF (EDGE) has returned 10.72% so far this year and 22.94% over the past 12 months.
MRBL Enhanced Equity ETF
- 1D
- 0.99%
- 1M
- 1.05%
- 6M
- 9.11%
- YTD
- 10.72%
- 1Y
- 22.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.84%
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%
EDGE Monthly Returns History
Based on dividend-adjusted daily data since Jan 22, 2025, EDGE's average daily return is +0.06%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +9.7%, while the worst month was Mar 2025 at -6.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EDGE closed higher 60% of trading days. The best single day was Apr 10, 2025 with a return of +5.7%, while the worst single day was Apr 4, 2025 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.47% | -0.50% | -4.78% | 9.67% | 3.50% | 0.60% | 0.86% | 10.72% | |||||
| 2025 | -0.49% | -0.80% | -6.30% | -1.06% | 3.58% | 4.58% | 2.60% | 2.20% | 3.41% | 2.53% | 0.55% | 1.91% | 12.94% |
Benchmark Metrics
MRBL Enhanced Equity ETF has an annualized alpha of 4.76%, beta of 0.73, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 22, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.85%) than losses (72.09%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 4.76% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.76%
- Beta
- 0.73
- R²
- 0.62
- Upside Capture
- 87.85%
- Downside Capture
- 72.09%
Expense Ratio
EDGE has an expense ratio of 0.74%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EDGE ranks 79 for risk / return — above 79% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) 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.
| EDGE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.00 | +0.55 |
| Martin ratioReturn relative to average drawdown | 12.86 | 8.49 | +4.37 |
Dividends
Dividend History
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 MRBL Enhanced Equity 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 MRBL Enhanced Equity ETF was 20.66%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.
The current MRBL Enhanced Equity ETF drawdown is 0.49%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-20.66%Apr 2025 | 1mo 17d | 3mo 16d | 5mo 3dFeb 2025 - Jul 2025 | 2025 selloff2025 |
-9.01%Mar 2026 | 1mo 18d | 14d | 2mo 2dFeb 2026 - Apr 2026 | — |
-3.92%Nov 2025 | 7d | 8d | 15dNov 2025 - Nov 2025 | — |
-3.80%Jun 2026 | 5d | 5d | 10dJun 2026 - Jun 2026 | — |
-3.35%Jul 2026 | 16d | — | 20dJul 2026 - now | — |
Drawdown Indicators
| EDGE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.66% | -56.78% | +36.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -9.10% | +0.09% |
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 | -0.49% | -1.58% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -10.70% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.14% | -0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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