- Issuer
- Redwood
- Inception Date
- Oct 27, 2020
- Region
- North America (U.S.)
- Category
- Money Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Style
- Growth
- Assets Under Management
- $62M
Share Price Chart
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Performance
LSAT Performance Chart
Leadershares Alphafactor Tactical Focused ETF (LSAT) is up 10.5% since the beginning of the year. LSAT is currently trading at $43 per share. Investors who bought $1,000 worth of LSAT shares 5 years ago would now be looking at an investment worth $1,362.
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Returns By Period
Leadershares Alphafactor Tactical Focused ETF (LSAT) has returned 10.47% so far this year and 11.27% over the past 12 months.
Leadershares Alphafactor Tactical Focused ETF
- 1D
- 0.62%
- 1M
- 0.13%
- YTD
- 10.47%
- 6M
- 8.90%
- 1Y
- 11.27%
- 3Y*
- 12.09%
- 5Y*
- 6.38%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
LSAT Monthly Returns History
Based on dividend-adjusted daily data since Oct 27, 2020, LSAT's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +15.7%, while the worst month was Jun 2022 at -11.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LSAT closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +7.7%, while the worst single day was Apr 3, 2025 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.59% | 2.63% | -1.78% | 7.59% | 0.69% | 0.56% | 10.47% | ||||||
| 2025 | 2.85% | -1.41% | -1.66% | -4.25% | 3.16% | -0.04% | 0.62% | 5.14% | -1.21% | -3.44% | 1.10% | -1.99% | -1.54% |
| 2024 | 0.61% | 3.66% | 7.94% | -5.69% | 3.95% | 0.64% | 4.09% | 2.87% | 1.84% | -2.35% | 6.72% | -6.37% | 18.16% |
| 2023 | 8.99% | -2.28% | -3.34% | 1.04% | -3.93% | 8.13% | 6.80% | -1.99% | -4.18% | -3.15% | 1.76% | 6.39% | 13.64% |
| 2022 | -2.82% | -0.10% | -0.19% | -6.24% | 3.41% | -11.68% | 7.48% | 1.14% | 0.23% | 2.25% | -2.46% | -3.49% | -12.99% |
| 2021 | -0.25% | 4.66% | 6.01% | 3.92% | 2.42% | -0.24% | 1.54% | 2.74% | -5.37% | 2.66% | 0.02% | 5.03% | 25.10% |
Benchmark Metrics
Leadershares Alphafactor Tactical Focused ETF has an annualized alpha of 1.88%, beta of 0.72, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since October 27, 2020.
- This ETF participated in 76.77% of S&P 500 Index downside but only 72.51% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.88%
- Beta
- 0.72
- R²
- 0.51
- Upside Capture
- 72.51%
- Downside Capture
- 76.77%
Expense Ratio
LSAT has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LSAT ranks 27 for risk / return — below 27% 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 Leadershares Alphafactor Tactical Focused ETF (LSAT) 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.
| LSAT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.46 | -1.03 |
| Martin ratioReturn relative to average drawdown | 3.34 | 10.92 | -7.57 |
Dividends
Dividend History
Leadershares Alphafactor Tactical Focused ETF provided a 1.72% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.74 | $0.52 | $0.64 | $0.11 | $1.22 | $0.09 |
Dividend yield | 1.72% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Leadershares Alphafactor Tactical Focused 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.74 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 |
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 Tactical Focused 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 Tactical Focused ETF was 20.48%, occurring on Jul 14, 2022. Recovery took 407 trading sessions.
The current Leadershares Alphafactor Tactical Focused ETF drawdown is 1.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -20.48%Jul 2022 | 6mo 3d | 1y 7mo | 2y 1moJan 2022 - Feb 2024 |
2025 selloff2025 | -18.25%Apr 2025 | 4mo 13d | 1y 9d | 1y 4moNov 2024 - Apr 2026 |
2024 pullback2024 | -6.52%Apr 2024 | 16d | 3mo | 3mo 16dApr 2024 - Jul 2024 |
2021 pullback2021 | -6.23%Sep 2021 | 27d | 1mo 6d | 2mo 3dSep 2021 - Nov 2021 |
2020 pullback2020 | -5.45%Oct 2020 | 1d | 6d | 7dOct 2020 - Nov 2020 |
Drawdown Indicators
| LSAT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -56.78% | +36.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -9.10% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | -18.90% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -25.43% | +4.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.36% | -3.21% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -10.71% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.04% | +1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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