- CUSIP
- 81752T510
- Issuer
- Subversive
- Inception Date
- Feb 6, 2023
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $266M
Share Price Chart
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Performance
NANC Performance Chart
Unusual Whales Subversive Democratic Trading ETF (NANC) is up 5.2% since the beginning of the year. NANC is currently trading at $48 per share.
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Returns By Period
Unusual Whales Subversive Democratic Trading ETF (NANC) has returned 5.22% so far this year and 19.08% over the past 12 months.
Unusual Whales Subversive Democratic Trading ETF
- 1D
- -1.36%
- 1M
- -0.40%
- YTD
- 5.22%
- 6M
- 4.25%
- 1Y
- 19.08%
- 3Y*
- 21.92%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.62%
- 1M
- -1.97%
- YTD
- 6.16%
- 6M
- 5.52%
- 1Y
- 20.34%
- 3Y*
- 19.12%
- 5Y*
- 11.34%
- 10Y*
- 13.24%
NANC Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 2023, NANC's average daily return is +0.08%, while the average monthly return is +1.73%. At this rate, an investment would double in approximately 3.4 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +11.5%, while the worst month was Mar 2025 at -7.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NANC closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | -2.38% | -5.64% | 11.49% | 6.53% | -4.19% | 5.22% | ||||||
| 2025 | 3.68% | -2.73% | -7.53% | 1.14% | 7.89% | 6.75% | 1.01% | 2.74% | 2.99% | 3.30% | -0.77% | -0.40% | 18.54% |
| 2024 | 2.53% | 6.08% | 3.89% | -4.56% | 5.84% | 4.63% | -1.26% | 2.06% | 1.96% | 0.13% | 6.68% | -3.24% | 26.83% |
| 2023 | -3.53% | 4.32% | 0.56% | 3.61% | 5.95% | 3.74% | -1.39% | -5.33% | -1.65% | 10.75% | 4.80% | 22.81% |
Benchmark Metrics
Unusual Whales Subversive Democratic Trading ETF has an annualized alpha of 1.52%, beta of 1.09, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since February 07, 2023.
- This ETF captured 117.14% of S&P 500 Index gains and 107.59% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.09 and R2 of 0.93, 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
- 1.52%
- Beta
- 1.09
- R²
- 0.93
- Upside Capture
- 117.14%
- Downside Capture
- 107.59%
Expense Ratio
NANC has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NANC ranks 44 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 Unusual Whales Subversive Democratic Trading ETF (NANC) 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.
| NANC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.25 | -0.68 |
| Martin ratioReturn relative to average drawdown | 6.39 | 10.14 | -3.75 |
Dividends
Dividend History
Unusual Whales Subversive Democratic Trading ETF provided a 0.20% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.08 | $0.29 |
Dividend yield | 0.20% | 0.21% | 0.20% | 0.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Unusual Whales Subversive Democratic Trading 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 | $0.10 | $0.10 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2023 | $0.29 | $0.29 |
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 Unusual Whales Subversive Democratic Trading 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 Unusual Whales Subversive Democratic Trading ETF was 20.94%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.
The current Unusual Whales Subversive Democratic Trading ETF drawdown is 5.18%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -20.94%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
2026 correction2026 | -12.21%Mar 2026 | 2mo 16d | 23d | 3mo 9dJan 2026 - Apr 2026 |
2024 correction2024 | -11.06%Aug 2024 | 25d | 1mo 22d | 2mo 17dJul 2024 - Sep 2024 |
2023 correction2023 | -10.17%Oct 2023 | 3mo 9d | 24d | 4mo 3dJul 2023 - Nov 2023 |
2023 pullback2023 | -8.21%Mar 2023 | 1mo 3d | 2mo 5d | 3mo 8dFeb 2023 - May 2023 |
Drawdown Indicators
| NANC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.94% | -56.78% | +35.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -9.10% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -18.90% | -2.04% |
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 | -5.18% | -4.50% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -10.72% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.01% | +0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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