- Issuer
- ALPS
- Inception Date
- Aug 22, 2023
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $131M
Share Price Chart
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Performance
LGRO Performance Chart
Level Four Large Cap Growth Active ETF (LGRO) is up 3.9% since the beginning of the year. LGRO is currently trading at $43 per share.
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Returns By Period
Level Four Large Cap Growth Active ETF (LGRO) has returned 3.92% so far this year and 21.69% over the past 12 months.
Level Four Large Cap Growth Active ETF
- 1D
- -1.16%
- 1M
- -0.20%
- YTD
- 3.92%
- 6M
- 3.60%
- 1Y
- 21.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LGRO Monthly Returns History
Based on dividend-adjusted daily data since Aug 23, 2023, LGRO's average daily return is +0.08%, while the average monthly return is +1.66%. At this rate, an investment would double in approximately 3.5 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 57% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.20% | -4.57% | -5.43% | 10.39% | 8.33% | -3.52% | 3.92% | ||||||
| 2025 | 5.00% | -5.28% | -7.99% | 0.32% | 8.76% | 6.45% | 1.42% | 3.13% | 3.80% | 4.12% | -2.43% | 0.78% | 18.15% |
| 2024 | 1.14% | 3.65% | 3.33% | -5.40% | 3.21% | 4.88% | 0.56% | 1.32% | 3.88% | -0.09% | 7.05% | -1.29% | 23.95% |
| 2023 | 3.12% | -6.27% | -3.39% | 11.97% | 7.22% | 12.10% |
Benchmark Metrics
Level Four Large Cap Growth Active ETF has an annualized alpha of -3.14%, beta of 1.20, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since August 23, 2023.
- This ETF participated in 133.08% of S&P 500 Index downside but only 119.50% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.14% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.14%
- Beta
- 1.20
- R²
- 0.89
- Upside Capture
- 119.50%
- Downside Capture
- 133.08%
Expense Ratio
LGRO has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LGRO ranks 35 for risk / return — below 35% 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.
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 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.
| LGRO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.78 | -1.35 |
| Martin ratioReturn relative to average drawdown | 4.55 | 12.44 | -7.89 |
Dividends
Dividend History
Level Four Large Cap Growth Active ETF provided a 0.37% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.16 | $0.13 | $0.14 | $0.07 |
Dividend yield | 0.37% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.07 | ||||||
| 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 5.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.26%Apr 2025 | 2mo 9d | 2mo 20d | 4mo 29dJan 2025 - Jun 2025 |
2026 correction2026 | -15.24%Mar 2026 | 2mo 16d | 1mo 15d | 4mo 1dJan 2026 - May 2026 |
2023 correction2023 | -11.35%Oct 2023 | 1mo 22d | 24d | 2mo 16dSep 2023 - Nov 2023 |
2024 correction2024 | -10.47%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2025 pullback2025 | -8.67%Nov 2025 | 22d | 1mo 17d | 2mo 9dOct 2025 - Jan 2026 |
Drawdown Indicators
| LGRO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.26% | -56.78% | +33.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.24% | -9.10% | -6.14% |
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 | -5.70% | -1.80% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -10.71% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 2.03% | +2.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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