Inspire Corporate Bond Impact ETF (IBD)

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Inspire Corporate Bond Impact ETF (IBD) is down 0.3% since the beginning of the year. IBD is currently trading at $24 per share. Investors who bought $1,000 worth of IBD shares 5 years ago would now be looking at an investment worth $1,063.

Inspire Corporate Bond Impact ETF (IBD) has returned -0.30% so far this year and 3.34% over the past 12 months.

Based on dividend-adjusted daily data since Jul 11, 2017, IBD's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +4.2%, while the worst month was Mar 2020 at -6.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.

On a daily basis, IBD closed higher 50% of trading days. The best single day was Mar 25, 2020 with a return of +6.0%, while the worst single day was Mar 12, 2020 at -4.0%.

Inspire Corporate Bond Impact ETF has an annualized alpha of 1.55%, beta of 0.05, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 11, 2017.

• This ETF participated in 21.53% of S&P 500 Index downside but only 14.29% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.05 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IBD has an expense ratio of 0.49%, placing it in the medium range.

IBD ranks 26 for risk / return — below 26% of ETFs 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.

Inspire Corporate Bond Impact ETF provided a 4.26% dividend yield over the last twelve months, with an annual payout of $1.01 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Inspire Corporate Bond Impact ETF. 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 Inspire Corporate Bond Impact 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 Inspire Corporate Bond Impact ETF was 16.30%, occurring on Mar 19, 2020. Recovery took 57 trading sessions.

The current Inspire Corporate Bond Impact ETF drawdown is 1.16%.

The chart below shows the rolling one-month volatility.