- 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
Highlights
- Avg. Volume (1M)
- 3K
- Avg. Volume Value (1M)
- $115.43K
Share Price Chart
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Performance
MSTQ Performance Chart
LHA Market State Tactical Q ETF (MSTQ) is up 7.6% since the beginning of the year. MSTQ is currently trading at $37 per share.
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Returns By Period
LHA Market State Tactical Q ETF (MSTQ) has returned 7.56% so far this year and 16.79% over the past 12 months.
LHA Market State Tactical Q ETF
- 1D
- 0.46%
- 1M
- -3.77%
- 6M
- 7.22%
- YTD
- 7.56%
- 1Y
- 16.79%
- 3Y*
- 17.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.52%
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%
MSTQ Monthly Returns History
Based on dividend-adjusted daily data since Mar 15, 2022, MSTQ's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 58% of months were positive and 42% 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 53% 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% | -0.72% | -7.02% | 7.56% | |||||
| 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 0.09%, beta of 0.97, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since March 15, 2022.
- This ETF participated in 109.13% of S&P 500 Index downside but only 105.43% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.97 and R2 of 0.75, 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
- 0.09%
- Beta
- 0.97
- R²
- 0.75
- Upside Capture
- 105.43%
- Downside Capture
- 109.13%
Expense Ratio
MSTQ has a high expense ratio of 1.59%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSTQ ranks 33 for risk / return — above 33% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return 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 | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.00 | -0.83 |
| Martin ratioReturn relative to average drawdown | 3.18 | 8.49 | -5.31 |
Dividends
Dividend History
LHA Market State Tactical Q ETF provided a 12.98% 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 | 12.98% | 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 | $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 8.57%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.05%Dec 2022 | 9mo 3d | 11mo 25d | 1y 8moMar 2022 - Dec 2023 | Bear market2022 |
-15.22%Apr 2025 | 3mo 21d | 1mo 7d | 4mo 28dDec 2024 - May 2025 | 2025 selloff2025 |
-12.39%Mar 2026 | 5mo 1d | 23d | 5mo 24dOct 2025 - Apr 2026 | — |
-12.22%Jul 2026 | 1mo 26d | — | 2mo 1dJun 2026 - now | — |
-10.14%Aug 2024 | 22d | 4mo 3d | 4mo 25dJul 2024 - Dec 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 | -8.57% | -1.58% | -6.99% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -10.70% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.14% | +2.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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