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Level Four Large Cap Growth Active ETF (LGRO)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
ALPS
Inception Date
Aug 22, 2023
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Level Four Large Cap Growth Active 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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S&P 500 Index

Returns By Period

Level Four Large Cap Growth Active ETF (LGRO) has returned -9.93% so far this year and 16.29% over the past 12 months.


Level Four Large Cap Growth Active ETF

1D
3.01%
1M
-5.43%
YTD
-9.93%
6M
-7.78%
1Y
16.29%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Aug 23, 2023, LGRO's average daily return is +0.07%, while the average monthly return is +1.33%. At this rate, your investment would double in approximately 4.4 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +12.0%, while the worst month was Mar 2025 at -8.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, LGRO closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +11.8%, while the worst single day was Apr 3, 2025 at -7.0%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-0.20%-4.57%-5.43%-9.93%
20255.00%-5.28%-7.99%0.32%8.76%6.45%1.42%3.13%3.80%4.12%-2.43%0.78%18.15%
20241.14%3.65%3.33%-5.40%3.21%4.88%0.56%1.32%3.88%-0.09%7.05%-1.29%23.95%
20232.79%-6.27%-3.39%11.97%7.22%11.74%

Benchmark Metrics

Level Four Large Cap Growth Active ETF has an annualized alpha of -2.56%, beta of 1.21, and R² of 0.90 versus S&P 500 Index. Calculated based on daily prices since August 24, 2023.

  • This ETF participated in 128.76% of S&P 500 Index downside but only 119.49% of its upside — more exposed to losses than it benefited from rallies.
  • This ETF had an annualized alpha of -2.56% versus S&P 500 Index — delivering less than market exposure alone would predict.

Alpha
-2.56%
Beta
1.21
0.90
Upside Capture
119.49%
Downside Capture
128.76%

Expense Ratio

LGRO has an expense ratio of 0.50%, placing it in the medium range.


Return for Risk

Risk / Return Rank

LGRO ranks 39 for risk / return — below 39% 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.


LGRO Risk / Return Rank: 3939
Overall Rank
LGRO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
LGRO Sortino Ratio Rank: 4040
Sortino Ratio Rank
LGRO Omega Ratio Rank: 4141
Omega Ratio Rank
LGRO Calmar Ratio Rank: 4040
Calmar Ratio Rank
LGRO Martin Ratio Rank: 3838
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Level Four Large Cap Growth Active ETF (LGRO) and compare them to a chosen benchmark (S&P 500 Index).


LGROBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.71

0.90

-0.19

Sortino ratio

Return per unit of downside risk

1.18

1.39

-0.21

Omega ratio

Gain probability vs. loss probability

1.17

1.21

-0.04

Calmar ratio

Return relative to maximum drawdown

1.08

1.40

-0.32

Martin ratio

Return relative to average drawdown

3.59

6.61

-3.02

Explore LGRO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Level Four Large Cap Growth Active ETF provided a 0.38% dividend yield over the last twelve months, with an annual payout of $0.14 per share.


0.26%0.28%0.30%0.32%0.34%0.36%0.38%$0.00$0.02$0.04$0.06$0.08$0.10$0.12$0.14202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
Dividend$0.14$0.13$0.14$0.07

Dividend yield

0.38%0.31%0.39%0.26%

Monthly Dividends

The table displays the monthly dividend distributions for Level Four Large Cap Growth Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.03$0.03
2025$0.00$0.00$0.02$0.00$0.00$0.02$0.00$0.00$0.04$0.00$0.00$0.05$0.13
2024$0.00$0.00$0.04$0.00$0.00$0.03$0.00$0.00$0.03$0.00$0.00$0.03$0.14
2023$0.07$0.07

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 Level Four Large Cap Growth Active 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 Level Four Large Cap Growth Active ETF was 23.26%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.

The current Level Four Large Cap Growth Active ETF drawdown is 12.69%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-23.26%Jan 29, 202549Apr 8, 202555Jun 27, 2025104
-15.24%Jan 13, 202653Mar 30, 2026
-11.35%Sep 5, 202339Oct 27, 202316Nov 20, 202355
-10.47%Jul 17, 202414Aug 5, 202432Sep 19, 202446
-8.67%Oct 29, 202517Nov 20, 202530Jan 6, 202647

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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