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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TrueShares Active Yield ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
TrueShares Active Yield ETF (ERNZ) has returned 4.89% so far this year and -0.33% over the past 12 months.
TrueShares Active Yield ETF
- 1D
- 0.00%
- 1M
- -1.57%
- YTD
- 4.89%
- 6M
- -1.10%
- 1Y
- -0.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since May 1, 2024, ERNZ's average daily return is +0.01%, while the average monthly return is +0.10%. At this rate, your investment would double in approximately 57.8 years.
Historically, 48% of months were positive and 52% were negative. The best month was Jan 2026 with a return of +4.3%, while the worst month was Oct 2025 at -4.8%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ERNZ closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +4.9%, while the worst single day was Apr 4, 2025 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.25% | 2.22% | -1.57% | 4.89% | |||||||||
| 2025 | 1.98% | -1.27% | -2.27% | -4.04% | 1.29% | 3.56% | -1.38% | 2.99% | -1.42% | -4.79% | 0.53% | -1.49% | -6.50% |
| 2024 | 4.04% | -1.34% | 3.56% | -1.40% | 2.06% | -3.73% | 3.78% | -3.22% | 3.43% |
Benchmark Metrics
TrueShares Active Yield ETF has an annualized alpha of -6.33%, beta of 0.53, and R² of 0.50 versus S&P 500 Index. Calculated based on daily prices since May 02, 2024.
- This ETF participated in 89.35% of S&P 500 Index downside but only 34.63% of its upside — more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -6.33% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Beta of 0.53 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
- -6.33%
- Beta
- 0.53
- R²
- 0.50
- Upside Capture
- 34.63%
- Downside Capture
- 89.35%
Expense Ratio
ERNZ has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ERNZ 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 TrueShares Active Yield ETF (ERNZ) and compare them to a chosen benchmark (S&P 500 Index).
| ERNZ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | 0.90 | -0.92 |
Sortino ratioReturn per unit of downside risk | 0.06 | 1.39 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.40 | -1.38 |
Martin ratioReturn relative to average drawdown | 0.04 | 6.61 | -6.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ERNZ risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
TrueShares Active Yield ETF provided a 7.91% dividend yield over the last twelve months, with an annual payout of $1.69 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.69 | $2.03 | $1.32 |
Dividend yield | 7.91% | 9.90% | 5.51% |
Monthly Dividends
The table displays the monthly dividend distributions for TrueShares Active Yield 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 | $0.08 | $0.09 | $0.00 | $0.17 | |||||||||
| 2025 | $0.13 | $0.18 | $0.20 | $0.16 | $0.17 | $0.18 | $0.17 | $0.17 | $0.11 | $0.20 | $0.17 | $0.20 | $2.03 |
| 2024 | $0.09 | $0.16 | $0.20 | $0.14 | $0.19 | $0.18 | $0.11 | $0.26 | $1.32 |
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 TrueShares Active Yield 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 TrueShares Active Yield ETF was 14.16%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current TrueShares Active Yield ETF drawdown is 5.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.16% | Feb 21, 2025 | 33 | Apr 8, 2025 | — | — | — |
| -5.31% | Aug 1, 2024 | 3 | Aug 5, 2024 | 32 | Sep 19, 2024 | 35 |
| -4.99% | Oct 21, 2024 | 43 | Dec 19, 2024 | 39 | Feb 19, 2025 | 82 |
| -3.68% | May 22, 2024 | 17 | Jun 14, 2024 | 19 | Jul 15, 2024 | 36 |
| -1.5% | Jul 17, 2024 | 6 | Jul 24, 2024 | 5 | Jul 31, 2024 | 11 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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