- ISIN
- US90214Q7741
- CUSIP
- 90214Q774
- Issuer
- Redwood
- Inception Date
- Oct 2, 2018
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- AlphaFactor US Core Equity Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $118M
Highlights
- Avg. Volume (1M)
- 4K
- Avg. Volume Value (1M)
- $205.64K
Share Price Chart
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Performance
LSAF Performance Chart
LeaderShares AlphaFactor US Core Equity ETF (LSAF) is up 20.0% since the beginning of the year. LSAF is currently trading at $54 per share. Investors who bought $1,000 worth of LSAF shares 5 years ago would now be looking at an investment worth $1,677.
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Returns By Period
LeaderShares AlphaFactor US Core Equity ETF (LSAF) has returned 19.96% so far this year and 30.03% over the past 12 months.
LeaderShares AlphaFactor US Core Equity ETF
- 1D
- -0.55%
- 1M
- 2.49%
- 6M
- 17.23%
- YTD
- 19.96%
- 1Y
- 30.03%
- 3Y*
- 18.58%
- 5Y*
- 10.90%
- 10Y*
- —
- ALL TIME*
- 11.02%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
LSAF Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2018, LSAF's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +15.3%, while the worst month was Mar 2020 at -20.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LSAF closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -14.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.33% | 2.83% | -3.24% | 7.30% | 2.01% | 3.08% | 4.43% | 19.96% | |||||
| 2025 | 6.30% | -3.62% | -4.84% | -1.06% | 4.56% | 3.96% | -0.58% | 4.94% | 0.92% | -1.40% | 1.88% | 1.01% | 12.01% |
| 2024 | 1.38% | 6.03% | 5.74% | -6.24% | 3.88% | -0.96% | 4.63% | 1.82% | 2.81% | -1.29% | 8.18% | -7.92% | 18.09% |
| 2023 | 7.39% | -1.93% | -4.00% | 0.02% | -4.79% | 9.65% | 3.99% | -0.98% | -3.30% | -3.37% | 7.46% | 5.80% | 15.48% |
| 2022 | -5.40% | -0.85% | -0.90% | -5.56% | 2.56% | -12.18% | 8.64% | -2.11% | -8.08% | 12.44% | 6.26% | -5.91% | -13.12% |
| 2021 | -0.42% | 3.17% | 6.04% | 4.06% | 1.25% | -0.26% | 1.75% | 2.64% | -5.86% | 5.14% | -1.86% | 5.69% | 22.75% |
Benchmark Metrics
LeaderShares AlphaFactor US Core Equity ETF has an annualized alpha of -1.04%, beta of 0.99, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since October 02, 2018.
- This ETF participated in 101.44% of S&P 500 Index downside but only 95.03% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.99 and R2 of 0.81, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.04%
- Beta
- 0.99
- R²
- 0.81
- Upside Capture
- 95.03%
- Downside Capture
- 101.44%
Expense Ratio
LSAF has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LSAF ranks 87 for risk / return — above 87% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for LeaderShares AlphaFactor US Core Equity ETF (LSAF) 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.
| LSAF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 2.00 | +2.41 |
| Martin ratioReturn relative to average drawdown | 14.86 | 8.49 | +6.37 |
Dividends
Dividend History
LeaderShares AlphaFactor US Core Equity ETF provided a 0.57% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.17 | $0.29 | $0.29 | $0.13 | $0.15 | $0.19 | $0.04 |
Dividend yield | 0.57% | 0.69% | 0.42% | 0.84% | 0.96% | 0.37% | 0.53% | 0.71% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for LeaderShares AlphaFactor US Core Equity 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 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.13 |
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 LeaderShares AlphaFactor US Core Equity 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 LeaderShares AlphaFactor US Core Equity ETF was 41.67%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current LeaderShares AlphaFactor US Core Equity ETF drawdown is 1.48%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.67%Mar 2020 | 1mo 9d | 7mo 28d | 9mo 7dFeb 2020 - Nov 2020 | COVID crash2020 |
-24.94%Sep 2022 | 8mo 24d | 1y 3mo | 2y 17dJan 2022 - Jan 2024 | Bear market2022 |
-20.74%Dec 2018 | 2mo 21d | 6mo 9d | 9moOct 2018 - Jul 2019 | Rate-hike selloffLate 2018 |
-20.26%Apr 2025 | 4mo 12d | 4mo 16d | 8mo 28dNov 2024 - Aug 2025 | 2025 selloff2025 |
-7.65%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 | — |
Drawdown Indicators
| LSAF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -56.78% | +15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -9.10% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | -18.90% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -25.43% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.48% | -1.58% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -10.70% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.14% | -0.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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