- 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
Highlights
- Avg. Volume (1M)
- 156
- Avg. Volume Value (1M)
- $5.66K
Share Price Chart
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Performance
NITE Performance Chart
The Nightview Fund (NITE) is down 0.6% since the beginning of the year. NITE is currently trading at $36 per share.
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Compare this symbol against anything
Returns By Period
The Nightview Fund (NITE) has returned -0.57% so far this year and 16.60% over the past 12 months.
The Nightview Fund
- 1D
- 1.63%
- 1M
- -1.63%
- 6M
- -1.40%
- YTD
- -0.57%
- 1Y
- 16.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.40%
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%
NITE Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2024, NITE's average daily return is +0.08%, while the average monthly return is +1.59%. At this rate, an investment would double in approximately 3.7 years.
Historically, 65% of months were positive and 35% 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 55% 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% | -6.64% | -1.52% | -0.57% | |||||
| 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 | 0.45% | -0.29% | -3.32% | 7.78% | 0.33% | 11.68% | 1.83% | 19.07% |
Benchmark Metrics
The Nightview Fund has an annualized alpha of -2.25%, beta of 1.44, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since June 24, 2024.
- This ETF participated in 146.33% of S&P 500 Index downside but only 141.31% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.25% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.25%
- Beta
- 1.44
- R²
- 0.79
- Upside Capture
- 141.31%
- Downside Capture
- 146.33%
Expense Ratio
NITE has a high expense ratio of 1.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NITE ranks 27 for risk / return — above 27% 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 The Nightview Fund (NITE) 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.
| NITE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.00 | -1.10 |
| Martin ratioReturn relative to average drawdown | 2.30 | 8.49 | -6.20 |
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 10.26%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.57%Apr 2025 | 3mo 21d | 3mo 10d | 7mo 1dDec 2024 - Jul 2025 | 2025 selloff2025 |
-17.01%Aug 2024 | 27d | 2mo 19d | 3mo 16dJul 2024 - Oct 2024 | — |
-15.16%Mar 2026 | 2mo 6d | 1mo 28d | 4mo 4dJan 2026 - May 2026 | — |
-13.71%Jul 2026 | 1mo 21d | — | 2mo 2dJun 2026 - now | — |
-8.50%Nov 2025 | 23d | 20d | 1mo 13dOct 2025 - Dec 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 | -10.26% | -1.58% | -8.68% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -10.70% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 2.14% | +3.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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