- Issuer
- N/A
- Inception Date
- Apr 1, 2024
- Category
- Long-Short
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $61M
Share Price Chart
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Performance
EHLS Performance Chart
Even Herd Long Short ETF (EHLS) is up 15.0% since the beginning of the year. EHLS is currently trading at $27 per share.
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Returns By Period
Even Herd Long Short ETF (EHLS) has returned 14.97% so far this year and 23.50% over the past 12 months.
Even Herd Long Short ETF
- 1D
- 0.73%
- 1M
- -0.57%
- YTD
- 14.97%
- 6M
- 13.33%
- 1Y
- 23.50%
- 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%
EHLS Monthly Returns History
Based on dividend-adjusted daily data since Apr 2, 2024, EHLS's average daily return is +0.07%, while the average monthly return is +1.28%. At this rate, an investment would double in approximately 4.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2024 with a return of +9.8%, while the worst month was Mar 2025 at -6.8%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, EHLS closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +3.6%, while the worst single day was Jan 27, 2025 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.06% | 3.23% | -3.88% | 6.52% | 2.35% | -0.73% | 14.97% | ||||||
| 2025 | 3.69% | -5.53% | -6.77% | 4.55% | 3.75% | 2.95% | -0.30% | -0.40% | 5.15% | 1.81% | -1.01% | -0.60% | 6.67% |
| 2024 | -1.12% | 6.90% | -3.69% | -2.76% | 5.15% | 1.27% | 2.04% | 9.83% | -4.94% | 12.31% |
Benchmark Metrics
Even Herd Long Short ETF has an annualized alpha of 2.87%, beta of 0.79, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since April 02, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.75%) than losses (65.64%) - typical of diversified or defensive assets.
- R2 of 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.87%
- Beta
- 0.79
- R²
- 0.41
- Upside Capture
- 75.75%
- Downside Capture
- 65.64%
Expense Ratio
EHLS has a high expense ratio of 1.58%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EHLS ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Even Herd Long Short ETF (EHLS) 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.
| EHLS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.78 | -0.18 |
| Martin ratioReturn relative to average drawdown | 7.52 | 12.44 | -4.92 |
Dividends
Dividend History
Even Herd Long Short ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.23 |
Dividend yield | 0.00% | 0.00% | 1.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Even Herd Long Short 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 | $0.00 | $0.00 |
| 2024 | $0.23 | $0.23 |
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 Even Herd Long Short 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 Even Herd Long Short ETF was 18.96%, occurring on Apr 4, 2025. Recovery took 116 trading sessions.
The current Even Herd Long Short ETF drawdown is 2.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.96%Apr 2025 | 1mo 22d | 5mo 21d | 7mo 13dFeb 2025 - Sep 2025 |
2024 correction2024 | -12.85%Aug 2024 | 2mo 8d | 2mo 10d | 4mo 18dMay 2024 - Oct 2024 |
2025 pullback2025 | -9.06%Nov 2025 | 1mo 5d | 1mo 23d | 2mo 28dOct 2025 - Jan 2026 |
2026 pullback2026 | -8.35%Mar 2026 | 1mo 2d | 11d | 1mo 13dFeb 2026 - Apr 2026 |
2024 pullback2024 | -7.47%Apr 2024 | 11d | 18d | 29dApr 2024 - May 2024 |
Drawdown Indicators
| EHLS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -56.78% | +37.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -9.10% | +0.04% |
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 | -2.07% | -1.80% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -10.71% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.03% | +1.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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