TrueShares Active Yield ETF (ERNZ)
ERNZ is an actively managed ETF by TrueShares. ERNZ launched on Apr 30, 2024 and has a 0.75% expense ratio.
ETF Info
| Issuer | TrueShares |
|---|---|
| Inception Date | Apr 30, 2024 |
| Category | Large Cap Blend Equities |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
ERNZ features an expense ratio of 0.75%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ERNZ vs. BDGS
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.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 19.79% |
| 1 month | 3.77% | 2.08% |
| 6 months | N/A | 9.01% |
| 1 year | N/A | 29.79% |
| 5 years (annualized) | N/A | 13.85% |
| 10 years (annualized) | N/A | 11.12% |
Monthly Returns
The table below presents the monthly returns of ERNZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.04% | -1.34% | 3.56% | -1.40% | 6.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TrueShares Active Yield ETF (ERNZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
TrueShares Active Yield ETF granted a 2.28% dividend yield in the last twelve months. The annual payout for that period amounted to $0.58 per share.
| Period | TTM |
|---|---|
| Dividend | $0.58 |
Dividend yield | 2.28% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.09 | $0.16 | $0.20 | $0.14 | $0.00 | $0.58 |
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.
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 5.31%, occurring on Aug 5, 2024. Recovery took 32 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.31% | Aug 1, 2024 | 3 | Aug 5, 2024 | 32 | Sep 19, 2024 | 35 |
| -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 |
| -0.13% | May 15, 2024 | 1 | May 15, 2024 | 3 | May 20, 2024 | 4 |
| -0.05% | May 10, 2024 | 1 | May 10, 2024 | 1 | May 13, 2024 | 2 |
Volatility
Volatility Chart
The current TrueShares Active Yield ETF volatility is 2.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.