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ClearShares Ultra-Short Maturity ETF (OPER)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US26922A4537

CUSIP

26922A453

Issuer

ClearShares LLC

Inception Date

Jul 11, 2018

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
OPER vs. FLTR OPER vs. IGHG OPER vs. SGOV OPER vs. ICSH OPER vs. JEPI OPER vs. HDV OPER vs. MINT OPER vs. BCD OPER vs. QQQ OPER vs. FTSM
Popular comparisons:
OPER vs. FLTR OPER vs. IGHG OPER vs. SGOV OPER vs. ICSH OPER vs. JEPI OPER vs. HDV OPER vs. MINT OPER vs. BCD OPER vs. QQQ OPER vs. FTSM

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ClearShares Ultra-Short Maturity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
2.54%
12.14%
OPER (ClearShares Ultra-Short Maturity ETF)
Benchmark (^GSPC)

Returns By Period

ClearShares Ultra-Short Maturity ETF had a return of 4.79% year-to-date (YTD) and 5.33% in the last 12 months.


OPER

YTD

4.79%

1M

0.39%

6M

2.57%

1Y

5.33%

5Y (annualized)

2.55%

10Y (annualized)

N/A

^GSPC (Benchmark)

YTD

24.72%

1M

1.67%

6M

12.93%

1Y

30.55%

5Y (annualized)

13.88%

10Y (annualized)

11.16%

Monthly Returns

The table below presents the monthly returns of OPER, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.47%0.45%0.41%0.47%0.46%0.39%0.46%0.51%0.38%0.42%4.79%
20230.34%0.35%0.34%0.41%0.46%0.43%0.41%0.48%0.43%0.45%0.41%0.44%5.09%
20220.04%-0.04%0.07%0.04%0.05%0.10%0.12%0.21%0.21%0.26%0.33%0.35%1.76%
20210.02%0.03%0.03%0.05%0.02%0.03%0.03%0.05%0.03%0.01%0.02%0.04%0.37%
20200.12%0.12%0.05%0.03%0.04%0.04%0.02%0.04%0.05%0.05%0.03%0.03%0.65%
2019-0.65%0.17%0.18%0.21%0.20%0.18%0.22%0.17%0.19%0.15%0.12%0.14%1.29%
20180.10%0.13%0.14%0.16%0.17%1.05%1.76%

Expense Ratio

OPER has an expense ratio of 0.20%, which is considered low compared to other funds.


Expense ratio chart for OPER: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of OPER is 100, placing it in the top 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of OPER is 100100
Combined Rank
The Sharpe Ratio Rank of OPER is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of OPER is 100100
Sortino Ratio Rank
The Omega Ratio Rank of OPER is 100100
Omega Ratio Rank
The Calmar Ratio Rank of OPER is 9999
Calmar Ratio Rank
The Martin Ratio Rank of OPER is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for OPER, currently valued at 13.88, compared to the broader market0.002.004.0013.882.54
The chart of Sortino ratio for OPER, currently valued at 35.36, compared to the broader market-2.000.002.004.006.008.0010.0035.363.40
The chart of Omega ratio for OPER, currently valued at 11.60, compared to the broader market0.501.001.502.002.503.0011.601.47
The chart of Calmar ratio for OPER, currently valued at 46.90, compared to the broader market0.005.0010.0015.0046.903.66
The chart of Martin ratio for OPER, currently valued at 560.57, compared to the broader market0.0020.0040.0060.0080.00100.00560.5716.26
OPER
^GSPC

The current ClearShares Ultra-Short Maturity ETF Sharpe ratio is 13.88. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of ClearShares Ultra-Short Maturity ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.0014.00JuneJulyAugustSeptemberOctoberNovember
13.88
2.54
OPER (ClearShares Ultra-Short Maturity ETF)
Benchmark (^GSPC)

Dividends

Dividend History

ClearShares Ultra-Short Maturity ETF provided a 5.35% dividend yield over the last twelve months, with an annual payout of $5.37 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$1.00$2.00$3.00$4.00$5.00201820192020202120222023
Dividends
Dividend Yield
PeriodTTM202320222021202020192018
Dividend$5.37$5.03$1.71$0.36$0.64$2.09$0.89

Dividend yield

5.35%5.03%1.71%0.36%0.64%2.08%0.88%

Monthly Dividends

The table displays the monthly dividend distributions for ClearShares Ultra-Short Maturity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.38$0.47$0.40$0.45$0.50$0.37$0.45$0.45$0.45$0.45$0.00$4.37
2023$0.29$0.35$0.39$0.38$0.40$0.35$0.42$0.47$0.54$0.44$0.46$0.54$5.03
2022$0.02$0.02$0.02$0.04$0.06$0.07$0.12$0.18$0.21$0.26$0.30$0.42$1.71
2021$0.03$0.03$0.03$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.06$0.36
2020$0.11$0.12$0.04$0.04$0.04$0.03$0.04$0.04$0.06$0.04$0.03$0.05$0.64
2019$0.00$0.00$0.50$0.00$0.00$0.62$0.20$0.19$0.18$0.17$0.13$0.10$2.09
2018$0.89$0.89

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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.88%
OPER (ClearShares Ultra-Short Maturity ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ClearShares Ultra-Short Maturity 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 ClearShares Ultra-Short Maturity ETF was 2.33%, occurring on Nov 19, 2018. Recovery took 278 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-2.33%Nov 19, 20181Nov 19, 2018278Dec 30, 2019279
-0.13%Feb 25, 20222Feb 28, 202252May 12, 202254
-0.11%Apr 1, 20241Apr 1, 20241Apr 2, 20242
-0.11%Mar 18, 20202Mar 19, 202046May 26, 202048
-0.07%Mar 14, 20231Mar 14, 20234Mar 20, 20235

Volatility

Volatility Chart

The current ClearShares Ultra-Short Maturity ETF volatility is 0.08%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.08%
3.96%
OPER (ClearShares Ultra-Short Maturity ETF)
Benchmark (^GSPC)