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Impact Shares NAACP Minority Empowerment ETF (NACP) Sharpe Ratio: 2.87

ETF · Currency in USD · Last updated Jun 19, 2026

NACP is a passive ETF by Impact Shares tracking the investment results of the Morningstar Minority Empowerment Index. NACP launched on Jul 18, 2018 and has a 0.49% expense ratio.

NACP's Sharpe Ratio of 2.87 indicates that for each unit of volatility, it generates 2.87 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 19, 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.

NACP Sharpe Ratio Rank

NACP Sharpe Ratio Rank: 90.791
Exceptional

NACP ranks above 90.7% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. 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

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

NACP Sharpe Ratio Market Positioning

The chart shows NACP'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%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.25
  • Green zone (top 25%): 2.25 or higher
  • Top 1%: 7.37+
  • Median: 1.65 — half of all investments score higher

How it compares to other similar ETFs

The table compares Impact Shares NAACP Minority Empowerment ETF's Sharpe Ratio with other ETFs in the Large Cap Growth Equities category across multiple time periods, showing how NACP'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 19, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DARPGrizzle Growth ETF3.05
VEGNUS Vegan Climate ETF2.90
NACPImpact Shares NAACP Minority Empowerment ETF2.87
HLALWahed FTSE USA Shariah ETF2.76
FMTMMarketDesk Focused U.S. Momentum ETF2.73
MFUSPIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF2.66
BIBLInspire 100 ETF2.62
ROUSHartford Multifactor US Equity ETF2.54
IQMFranklin Intelligent Machines ETF2.50
DLNWisdomTree US LargeCap Dividend ETF2.49

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows NACP'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 NACP consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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