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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.
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Returns By Period
ClearShares Ultra-Short Maturity ETF (OPER) has returned 0.90% so far this year and 4.09% over the past 12 months.
ClearShares Ultra-Short Maturity ETF
- 1D
- 0.01%
- 1M
- 0.31%
- YTD
- 0.90%
- 6M
- 1.96%
- 1Y
- 4.09%
- 3Y*
- 4.88%
- 5Y*
- 3.54%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 11, 2018, OPER's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, your investment would double in approximately 25.1 years.
Historically, 99% of months were positive and 1% were negative. The best month was Aug 2024 with a return of +0.5%, while the worst month was Feb 2022 at -0.0%. The longest winning streak lasted 49 consecutive months, and the longest losing streak was 1 months.
On a daily basis, OPER closed higher 70% of trading days. The best single day was Nov 15, 2018 with a return of +2.4%, while the worst single day was Nov 19, 2018 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.29% | 0.31% | 0.90% | |||||||||
| 2025 | 0.37% | 0.31% | 0.48% | 0.25% | 0.38% | 0.34% | 0.37% | 0.38% | 0.34% | 0.39% | 0.32% | 0.34% | 4.37% |
| 2024 | 0.47% | 0.45% | 0.41% | 0.47% | 0.46% | 0.39% | 0.46% | 0.51% | 0.38% | 0.42% | 0.40% | 0.39% | 5.34% |
| 2023 | 0.34% | 0.35% | 0.34% | 0.41% | 0.46% | 0.43% | 0.41% | 0.48% | 0.43% | 0.45% | 0.41% | 0.44% | 5.09% |
| 2022 | 0.04% | -0.04% | 0.07% | 0.04% | 0.05% | 0.10% | 0.12% | 0.21% | 0.21% | 0.26% | 0.33% | 0.35% | 1.76% |
| 2021 | 0.02% | 0.03% | 0.03% | 0.05% | 0.02% | 0.02% | 0.03% | 0.05% | 0.02% | 0.01% | 0.02% | 0.04% | 0.37% |
Benchmark Metrics
ClearShares Ultra-Short Maturity ETF has an annualized alpha of 2.76%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 12, 2018.
- This ETF captured 4.96% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.53%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.76%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 4.96%
- Downside Capture
- -6.53%
Expense Ratio
OPER has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
OPER ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) and compare them to a chosen benchmark (S&P 500 Index).
| OPER | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 15.57 | 0.90 | +14.67 |
Sortino ratioReturn per unit of downside risk | 42.62 | 1.39 | +41.23 |
Omega ratioGain probability vs. loss probability | 13.98 | 1.21 | +12.77 |
Calmar ratioReturn relative to maximum drawdown | 46.97 | 1.40 | +45.57 |
Martin ratioReturn relative to average drawdown | 387.77 | 6.61 | +381.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore OPER risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ClearShares Ultra-Short Maturity ETF provided a 4.15% dividend yield over the last twelve months, with an annual payout of $4.15 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.15 | $4.32 | $5.21 | $5.03 | $1.71 | $0.36 | $0.64 | $2.09 | $0.89 |
Dividend yield | 4.15% | 4.32% | 5.21% | 5.03% | 1.71% | 0.36% | 0.64% | 2.08% | 0.89% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.28 | $0.27 | $0.30 | $0.85 | |||||||||
| 2025 | $0.32 | $0.34 | $0.36 | $0.38 | $0.33 | $0.31 | $0.40 | $0.38 | $0.45 | $0.38 | $0.35 | $0.32 | $4.32 |
| 2024 | $0.38 | $0.47 | $0.40 | $0.45 | $0.50 | $0.37 | $0.45 | $0.45 | $0.45 | $0.45 | $0.38 | $0.46 | $5.21 |
| 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 |
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 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, 2018 | 1 | Nov 19, 2018 | 278 | Dec 30, 2019 | 279 |
| -0.13% | Feb 25, 2022 | 2 | Feb 28, 2022 | 52 | May 12, 2022 | 54 |
| -0.11% | Apr 1, 2024 | 1 | Apr 1, 2024 | 1 | Apr 2, 2024 | 2 |
| -0.11% | Mar 18, 2020 | 2 | Mar 19, 2020 | 46 | May 26, 2020 | 48 |
| -0.09% | Apr 1, 2025 | 3 | Apr 3, 2025 | 3 | Apr 8, 2025 | 6 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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