- ISIN
- US53656G5146
- Issuer
- Horizon
- Inception Date
- Feb 21, 2023
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $6M
Highlights
- Avg. Volume (1M)
- 372
- Avg. Volume Value (1M)
- $14.45K
Share Price Chart
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Performance
NVIR Performance Chart
Horizon Kinetics Energy Remediation ETF (NVIR) is up 19.9% since the beginning of the year. NVIR is currently trading at $39 per share.
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Returns By Period
Horizon Kinetics Energy Remediation ETF (NVIR) has returned 19.87% so far this year and 32.95% over the past 12 months.
Horizon Kinetics Energy Remediation ETF
- 1D
- 1.02%
- 1M
- 3.92%
- 6M
- 8.24%
- YTD
- 19.87%
- 1Y
- 32.95%
- 3Y*
- 14.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.25%
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%
NVIR Monthly Returns History
Based on dividend-adjusted daily data since Feb 22, 2023, NVIR's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, an investment would double in approximately 4.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2024 with a return of +10.9%, while the worst month was Apr 2025 at -7.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NVIR closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.6%, while the worst single day was Apr 4, 2025 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.74% | 8.67% | 2.38% | 1.57% | -5.31% | 0.18% | 0.99% | 19.87% | |||||
| 2025 | 1.42% | 0.35% | -0.25% | -7.35% | 3.08% | 4.60% | -0.26% | 2.58% | 3.66% | -0.86% | 4.16% | -1.11% | 9.84% |
| 2024 | -1.82% | 4.64% | 5.58% | -0.51% | 2.64% | -1.08% | 3.93% | -0.27% | -1.26% | 1.89% | 10.92% | -7.28% | 17.53% |
| 2023 | 0.05% | -3.52% | 0.38% | -4.37% | 8.70% | 7.75% | 1.44% | -1.58% | -3.75% | 0.59% | 0.31% | 5.23% |
Benchmark Metrics
Horizon Kinetics Energy Remediation ETF has an annualized alpha of 2.09%, beta of 0.72, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since February 22, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (52.98%) than losses (23.34%) - typical of diversified or defensive assets.
- R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.09%
- Beta
- 0.72
- R²
- 0.31
- Upside Capture
- 52.98%
- Downside Capture
- 23.34%
Expense Ratio
NVIR has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NVIR ranks 75 for risk / return — above 75% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) 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.
| NVIR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 2.00 | +1.33 |
| Martin ratioReturn relative to average drawdown | 8.79 | 8.49 | +0.30 |
Dividends
Dividend History
Horizon Kinetics Energy Remediation ETF provided a 0.76% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.45 | $0.35 |
Dividend yield | 0.76% | 0.92% | 1.50% | 1.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Kinetics Energy Remediation 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 | $0.30 | $0.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2023 | $0.35 | $0.35 |
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 Horizon Kinetics Energy Remediation 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 Horizon Kinetics Energy Remediation ETF was 22.47%, occurring on Apr 8, 2025. Recovery took 149 trading sessions.
The current Horizon Kinetics Energy Remediation ETF drawdown is 4.91%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.47%Apr 2025 | 4mo 14d | 7mo 6d | 11mo 20dNov 2024 - Nov 2025 | 2025 selloff2025 |
-13.07%Mar 2023 | 11d | 3mo 26d | 4mo 7dMar 2023 - Jul 2023 | — |
-9.79%Dec 2023 | 3mo | 3mo 8d | 6mo 8dSep 2023 - Mar 2024 | — |
-9.09%Jun 2026 | 2mo 20d | — | 4mo 6dMar 2026 - now | — |
-7.07%Sep 2024 | 1mo 10d | 14d | 1mo 24dAug 2024 - Sep 2024 | — |
Drawdown Indicators
| NVIR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -56.78% | +34.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -9.10% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | -18.90% | -3.57% |
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 | -4.91% | -1.58% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -10.70% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.14% | +1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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