North Square Tactical Defensive Fund (ETFRX)

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The chart shows the growth of an initial investment of $10,000 in North Square Tactical Defensive Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

North Square Tactical Defensive Fund (ETFRX) has returned -3.09% so far this year and 6.72% over the past 12 months. Over the last ten years, ETFRX has returned 5.67% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 15, 2006, ETFRX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, your investment would double in approximately 15.2 years.

Historically, 57% of months were positive and 43% were negative. The best month was Apr 2009 with a return of +7.9%, while the worst month was Oct 2008 at -10.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ETFRX closed higher 49% of trading days. The best single day was Oct 13, 2008 with a return of +5.1%, while the worst single day was Mar 16, 2020 at -5.5%.

North Square Tactical Defensive Fund has an annualized alpha of -0.23%, beta of 0.51, and R² of 0.71 versus S&P 500 Index. Calculated based on daily prices since September 18, 2006.

• This fund participated in 69.88% of S&P 500 Index downside but only 55.58% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.51 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

ETFRX has a high expense ratio of 1.86%, indicating above-average management fees.

ETFRX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for North Square Tactical Defensive Fund (ETFRX) and compare them to a chosen benchmark (S&P 500 Index).

North Square Tactical Defensive Fund provided a 0.50% dividend yield over the last twelve months, with an annual payout of $0.09 per share.

The table displays the monthly dividend distributions for North Square Tactical Defensive Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the North Square Tactical Defensive Fund. 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 North Square Tactical Defensive Fund was 37.11%, occurring on Mar 9, 2009. Recovery took 480 trading sessions.

The current North Square Tactical Defensive Fund drawdown is 6.02%.

The chart below shows the rolling one-month volatility.