PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

LHA Market State Tactical Beta ETF (MSTB) Sharpe Ratio: 1.84

ETF · Currency in USD · Last updated Jun 23, 2026

The LHA Market State Tactical Beta ETF is a hedged equity solution that offers exposure to the S&P 500® Index with a tactical risk-management overlay, aiming to provide better upside/downside asymmetry than long-only equities and other hedged equity strategies relying on static option hedges.

MSTB's Sharpe Ratio of 1.84 indicates that for each unit of volatility, it generates 1.84 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MSTB Sharpe Ratio Rank

MSTB Sharpe Ratio Rank: 56.456
Average

MSTB ranks above 56.4% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

MSTB Sharpe Ratio Market Positioning

The chart shows MSTB's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.28+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares LHA Market State Tactical Beta ETF's Sharpe Ratio with other ETFs in the Equity Hedged category across multiple time periods, showing how MSTB's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HECOState Street Galaxy Hedged Digital Asset Ecosystem ETF3.68
MAXJiShares Large Cap Max Buffer Jun ETF3.66
QQHGInvesco QQQ Hedged Advantage ETF2.64
KSPYKraneshares Hedgeye Hedged Equity Index ETF2.49
TRIOMC Trio Equity Buffered ETF2.42
SNTHMRP SynthEquity ETF2.32
RFLRInnovator U.S. Small Cap Managed Floor ETF2.30
HEGDSwan Hedged Equity US Large Cap ETF2.27
SPYHNEOS S&P 500 Hedged Equity Income ETF2.16
HEQTSimplify Hedged Equity ETF2.13
MSTBLHA Market State Tactical Beta ETF1.84

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MSTB's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MSTB consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does MSTB fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio