- ISIN
- US90470L5509
- CUSIP
- 90470L550
- Inception Date
- Dec 2, 2020
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Assets Under Management
- $150M
Share Price Chart
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Performance
MGMT Performance Chart
Ballast Small/Mid Cap ETF (MGMT) is up 12.2% since the beginning of the year. MGMT is currently trading at $50 per share. Investors who bought $1,000 worth of MGMT shares 5 years ago would now be looking at an investment worth $1,428.
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Returns By Period
Ballast Small/Mid Cap ETF (MGMT) has returned 12.16% so far this year and 29.73% over the past 12 months.
Ballast Small/Mid Cap ETF
- 1D
- -1.31%
- 1M
- 4.45%
- YTD
- 12.16%
- 6M
- 10.57%
- 1Y
- 29.73%
- 3Y*
- 14.13%
- 5Y*
- 7.38%
- 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%
MGMT Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2020, MGMT's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2024 with a return of +15.2%, while the worst month was Jun 2022 at -10.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MGMT closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.3%, while the worst single day was Apr 3, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.98% | 1.46% | -6.24% | 6.85% | 0.60% | 2.52% | 12.16% | ||||||
| 2025 | 1.69% | -3.08% | -5.82% | -4.61% | 4.05% | 3.05% | 3.10% | 8.62% | -0.37% | -3.31% | 2.25% | 2.13% | 6.96% |
| 2024 | -3.89% | 2.25% | 4.25% | -5.56% | 1.86% | -1.63% | 8.61% | -2.44% | 1.30% | -0.74% | 15.23% | -5.11% | 12.95% |
| 2023 | 8.40% | -0.88% | -2.23% | -2.28% | -1.32% | 9.91% | 4.66% | -4.37% | -2.64% | -5.52% | 6.26% | 8.22% | 17.87% |
| 2022 | -5.48% | 1.09% | -1.67% | -6.97% | 3.80% | -10.68% | 8.42% | -3.87% | -8.28% | 10.34% | 4.07% | -3.92% | -14.54% |
| 2021 | 5.41% | 12.11% | 6.55% | 3.88% | 2.13% | 0.97% | 0.93% | 0.50% | -2.01% | 2.06% | -1.50% | 4.46% | 40.77% |
Benchmark Metrics
Ballast Small/Mid Cap ETF has an annualized alpha of 1.48%, beta of 0.93, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since December 03, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.12%) than losses (89.72%) - typical of diversified or defensive assets.
- With beta of 0.93 and R2 of 0.62, 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
- 1.48%
- Beta
- 0.93
- R²
- 0.62
- Upside Capture
- 91.12%
- Downside Capture
- 89.72%
Expense Ratio
MGMT has a high expense ratio of 1.10%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MGMT ranks 49 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 Ballast Small/Mid Cap ETF (MGMT) 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.
| MGMT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.78 | -0.36 |
| Martin ratioReturn relative to average drawdown | 7.35 | 12.44 | -5.09 |
Dividends
Dividend History
Ballast Small/Mid Cap ETF provided a 0.30% dividend yield over the last twelve months, with an annual payout of $0.15 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.21 | $0.43 | $0.29 | $0.10 |
Dividend yield | 0.30% | 0.34% | 0.51% | 1.16% | 0.90% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Ballast Small/Mid Cap 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 | $0.15 | $0.15 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2022 | $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 |
| 2021 | $0.10 | $0.10 |
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 Ballast Small/Mid Cap 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 Ballast Small/Mid Cap ETF was 24.95%, occurring on Sep 26, 2022. Recovery took 314 trading sessions.
The current Ballast Small/Mid Cap ETF drawdown is 1.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -24.95%Sep 2022 | 8mo 24d | 1y 3mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -23.76%Apr 2025 | 4mo 6d | 4mo 16d | 8mo 22dDec 2024 - Aug 2025 |
2026 correction2026 | -12.32%Mar 2026 | 1mo 6d | 2mo 24d | 4moFeb 2026 - Jun 2026 |
2024 correction2024 | -11.10%Aug 2024 | 21d | 2mo 10d | 3mo 1dJul 2024 - Oct 2024 |
2025 pullback2025 | -8.87%Nov 2025 | 2mo 2d | 20d | 2mo 22dSep 2025 - Dec 2025 |
Drawdown Indicators
| MGMT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -56.78% | +31.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -9.10% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -23.76% | -18.90% | -4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -25.43% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.31% | -1.80% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -10.71% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.03% | +2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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