- Issuer
- Little Harbor Advisors
- Inception Date
- Mar 14, 2022
- Region
- North America (U.S.)
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $32M
Share Price Chart
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Performance
MSTQ Performance Chart
LHA Market State Tactical Q ETF (MSTQ) is up 15.9% since the beginning of the year. MSTQ is currently trading at $40 per share.
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Returns By Period
LHA Market State Tactical Q ETF (MSTQ) has returned 15.85% so far this year and 31.60% over the past 12 months.
LHA Market State Tactical Q ETF
- 1D
- -0.37%
- 1M
- 2.19%
- YTD
- 15.85%
- 6M
- 14.73%
- 1Y
- 31.60%
- 3Y*
- 22.64%
- 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%
MSTQ Monthly Returns History
Based on dividend-adjusted daily data since Mar 15, 2022, MSTQ's average daily return is +0.07%, while the average monthly return is +1.38%. At this rate, an investment would double in approximately 4.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +13.5%, while the worst month was Apr 2022 at -13.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MSTQ closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +6.1%, while the worst single day was Jun 5, 2026 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.32% | -1.82% | -4.26% | 13.52% | 8.86% | -0.58% | 15.85% | ||||||
| 2025 | 2.07% | -2.22% | -7.95% | 7.02% | 7.66% | 4.79% | 2.16% | 0.31% | 5.04% | 5.19% | -3.42% | -0.60% | 20.57% |
| 2024 | 1.96% | 5.14% | 1.13% | -5.39% | 5.23% | 6.74% | -0.92% | 0.95% | 1.62% | -1.57% | 3.67% | 0.07% | 19.58% |
| 2023 | 9.46% | -0.74% | 8.35% | -0.88% | 6.75% | 5.84% | 3.49% | -1.98% | -4.92% | -2.97% | 9.69% | 5.72% | 43.10% |
| 2022 | 9.98% | -13.03% | -3.36% | -9.44% | 10.46% | -4.01% | -8.06% | 1.90% | 3.22% | -8.54% | -21.50% |
Benchmark Metrics
LHA Market State Tactical Q ETF has an annualized alpha of 2.02%, beta of 0.96, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since March 15, 2022.
- This ETF captured 105.43% of S&P 500 Index gains and 101.00% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.02% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.96 and R2 of 0.76, 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
- 2.02%
- Beta
- 0.96
- R²
- 0.76
- Upside Capture
- 105.43%
- Downside Capture
- 101.00%
Expense Ratio
MSTQ has a high expense ratio of 1.59%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSTQ ranks 57 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 LHA Market State Tactical Q ETF (MSTQ) 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.
| MSTQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.78 | -0.22 |
| Martin ratioReturn relative to average drawdown | 7.87 | 12.44 | -4.57 |
Dividends
Dividend History
LHA Market State Tactical Q ETF provided a 12.06% dividend yield over the last twelve months, with an annual payout of $4.82 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $4.82 | $4.82 | $1.21 | $0.22 |
Dividend yield | 12.06% | 13.97% | 3.72% | 0.77% |
Monthly Dividends
The table displays the monthly dividend distributions for LHA Market State Tactical Q 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 | $4.82 | $4.82 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
| 2023 | $0.22 | $0.22 |
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 LHA Market State Tactical Q 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 LHA Market State Tactical Q ETF was 31.05%, occurring on Dec 28, 2022. Recovery took 244 trading sessions.
The current LHA Market State Tactical Q ETF drawdown is 1.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -31.05%Dec 2022 | 9mo 3d | 11mo 25d | 1y 8moMar 2022 - Dec 2023 |
2025 selloff2025 | -15.22%Apr 2025 | 3mo 21d | 1mo 7d | 4mo 28dDec 2024 - May 2025 |
2026 correction2026 | -12.39%Mar 2026 | 5mo 1d | 23d | 5mo 24dOct 2025 - Apr 2026 |
2024 correction2024 | -10.14%Aug 2024 | 22d | 4mo 3d | 4mo 25dJul 2024 - Dec 2024 |
2024 pullback2024 | -6.51%May 2024 | 1mo 7d | 19d | 1mo 26dMar 2024 - May 2024 |
Drawdown Indicators
| MSTQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -56.78% | +25.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -9.10% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.22% | -18.90% | +3.68% |
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 | -1.52% | -1.80% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -10.71% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 2.03% | +2.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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