- CUSIP
- 02072Q796
- Issuer
- Sarmaya Partners
- Inception Date
- Jan 28, 2025
- Region
- Global (Broad)
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LENS Performance Chart
Sarmaya Thematic ETF (LENS) is up 9.7% since the beginning of the year. LENS is currently trading at $42 per share.
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Returns By Period
Sarmaya Thematic ETF (LENS) has returned 9.71% so far this year and 52.25% over the past 12 months.
Sarmaya Thematic ETF
- 1D
- 0.10%
- 1M
- -5.21%
- YTD
- 9.71%
- 6M
- 12.92%
- 1Y
- 52.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
LENS Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 2025, LENS's average daily return is +0.17%, while the average monthly return is +3.25%. At this rate, an investment would double in approximately 1.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jan 2026 with a return of +15.3%, while the worst month was Mar 2026 at -9.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LENS closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +4.8%, while the worst single day was Jan 30, 2026 at -9.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.27% | 13.83% | -9.60% | -1.33% | -2.58% | -3.78% | 9.71% | ||||||
| 2025 | 0.88% | -0.75% | 7.60% | -2.76% | 1.65% | 4.10% | -0.67% | 9.46% | 11.33% | 1.48% | 9.72% | 4.69% | 56.41% |
Benchmark Metrics
Sarmaya Thematic ETF has an annualized alpha of 38.49%, beta of 0.59, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since January 29, 2025.
- This ETF captured 131.05% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -62.85%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.59 may look defensive, but with R2 of 0.16 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 0.16 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.
- Alpha
- 38.49%
- Beta
- 0.59
- R²
- 0.16
- Upside Capture
- 131.05%
- Downside Capture
- -62.85%
Expense Ratio
LENS has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LENS ranks 54 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 Sarmaya Thematic ETF (LENS) 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.
| LENS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.71 | -0.14 |
| Martin ratioReturn relative to average drawdown | 7.46 | 12.15 | -4.70 |
Dividends
Dividend History
Sarmaya Thematic ETF provided a 1.46% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.62 | $0.62 |
Dividend yield | 1.46% | 1.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Sarmaya Thematic 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 | $0.62 | $0.62 |
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 Sarmaya Thematic 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 Sarmaya Thematic ETF was 20.49%, occurring on Jun 10, 2026. The portfolio has not yet recovered.
The current Sarmaya Thematic ETF drawdown is 16.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -20.49%Jun 2026 | 3mo 10d | — | 3mo 17dMar 2026 - now |
2026 correction2026 | -11.73%Feb 2026 | 7d | 21d | 28dJan 2026 - Feb 2026 |
2025 selloff2025 | -11.56%Apr 2025 | 6d | 1mo 25d | 2mo 1dApr 2025 - Jun 2025 |
2025 pullback2025 | -9.91%Nov 2025 | 18d | 24d | 1mo 12dOct 2025 - Nov 2025 |
2025 selloff2025 | -5.24%Mar 2025 | 20d | 14d | 1mo 4dFeb 2025 - Mar 2025 |
Drawdown Indicators
| LENS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -56.78% | +36.29% |
Max Drawdown (1Y)Largest decline over 1 year | -20.49% | -9.10% | -11.39% |
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 | -16.39% | -1.29% | -15.10% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -10.72% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 2.02% | +5.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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