- Issuer
- Nightview
- Inception Date
- Jun 21, 2024
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $31M
Share Price Chart
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Performance
NITE Performance Chart
The Nightview Fund (NITE) is up 9.5% since the beginning of the year. NITE is currently trading at $40 per share.
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Returns By Period
The Nightview Fund (NITE) has returned 9.49% so far this year and 34.36% over the past 12 months.
The Nightview Fund
- 1D
- -1.19%
- 1M
- 9.93%
- YTD
- 9.49%
- 6M
- 10.14%
- 1Y
- 34.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
NITE Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2024, NITE's average daily return is +0.11%, while the average monthly return is +2.06%. At this rate, an investment would double in approximately 2.8 years.
Historically, 72% of months were positive and 28% were negative. The best month was May 2025 with a return of +11.8%, while the worst month was Mar 2025 at -9.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NITE closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +14.0%, while the worst single day was Apr 4, 2025 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.84% | -3.38% | -5.55% | 7.41% | 9.43% | 1.24% | 9.49% | ||||||
| 2025 | 5.06% | -7.73% | -9.08% | 0.97% | 11.77% | 3.75% | 3.99% | 4.60% | 5.76% | 2.23% | -1.10% | 2.11% | 22.57% |
| 2024 | 1.29% | -0.29% | -3.32% | 7.78% | 0.33% | 11.68% | 1.83% | 20.07% |
Benchmark Metrics
The Nightview Fund has an annualized alpha of 1.27%, beta of 1.45, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since June 25, 2024.
- This ETF captured 144.64% of S&P 500 Index gains and 117.68% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 1.27%
- Beta
- 1.45
- R²
- 0.80
- Upside Capture
- 144.64%
- Downside Capture
- 117.68%
Expense Ratio
NITE has a high expense ratio of 1.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NITE ranks 48 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 The Nightview Fund (NITE) and compare them to S&P 500 Index.
| NITE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 2.24 | -0.49 |
Sortino ratioReturn per unit of downside risk | 2.37 | 3.07 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.93 | -0.59 |
Martin ratioReturn relative to average drawdown | 7.62 | 13.52 | -5.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
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 The Nightview Fund. 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 The Nightview Fund was 29.57%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.
The current The Nightview Fund drawdown is 1.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -29.57%Apr 2025 | 3mo 21d | 3mo 10d | 7mo 1dDec 2024 - Jul 2025 |
2024 correction2024 | -17.01%Aug 2024 | 27d | 2mo 19d | 3mo 16dJul 2024 - Oct 2024 |
2026 correction2026 | -15.16%Mar 2026 | 2mo 6d | 1mo 28d | 4mo 4dJan 2026 - May 2026 |
2025 pullback2025 | -8.50%Nov 2025 | 23d | 20d | 1mo 13dOct 2025 - Dec 2025 |
2025 pullback2025 | -5.45%Oct 2025 | 3d | 17d | 20dOct 2025 - Oct 2025 |
Drawdown Indicators
| NITE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -56.78% | +27.21% |
Max Drawdown (1Y)Largest decline over 1 year | -15.16% | -9.10% | -6.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | -1.19% | -0.74% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -10.72% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 1.97% | +2.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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