- Issuer
- TrueShares
- Inception Date
- Jun 27, 2025
- Region
- North America (United States)
- Category
- Large Cap Blend Equities, Actively Managed
- Leveraged
- 1x (No leverage)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PVEX Performance Chart
TrueShares ConVequity ETF (PVEX) is up 8.3% since the beginning of the year. PVEX is currently trading at $31 per share.
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Returns By Period
TrueShares ConVequity ETF
- 1D
- 0.24%
- 1M
- 0.16%
- YTD
- 8.29%
- 6M
- 8.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
PVEX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2025, PVEX's average daily return is +0.09%, while the average monthly return is +1.66%. At this rate, an investment would double in approximately 3.5 years.
Historically, 54% of months were positive and 46% were negative. The best month was Apr 2026 with a return of +7.9%, while the worst month was Mar 2026 at -3.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PVEX closed higher 53% of trading days. The best single day was Aug 4, 2025 with a return of +3.6%, while the worst single day was Aug 1, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.85% | -0.92% | -3.19% | 7.87% | 5.25% | -1.39% | 8.29% | ||||||
| 2025 | 0.00% | 4.05% | 1.53% | 6.48% | 2.80% | -0.95% | -0.76% | 13.68% |
Benchmark Metrics
TrueShares ConVequity ETF has an annualized alpha of 1.25%, beta of 1.08, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since June 30, 2025.
- This ETF captured 101.91% of S&P 500 Index gains but only 78.55% of its losses - a favorable profile for investors.
- With beta of 1.08 and R2 of 0.78, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.25%
- Beta
- 1.08
- R²
- 0.78
- Upside Capture
- 101.91%
- Downside Capture
- 78.55%
Expense Ratio
PVEX has an expense ratio of 0.82%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) 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.
| PVEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
TrueShares ConVequity ETF provided a 0.17% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.05 | $0.05 |
Dividend yield | 0.17% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for TrueShares ConVequity 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 | ||||||
| 2025 | $0.05 | $0.05 |
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 TrueShares ConVequity 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 TrueShares ConVequity ETF was 7.63%, occurring on Mar 30, 2026. Recovery took 13 trading sessions.
The current TrueShares ConVequity ETF drawdown is 2.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -7.63%Mar 2026 | 5mo 2d | 18d | 5mo 20dOct 2025 - Apr 2026 |
2025 pullback2025 | -7.13%Aug 2025 | 4d | 1mo 10d | 1mo 14dJul 2025 - Sep 2025 |
2026 pullback2026 | -4.88%Jun 2026 | 7d | — | 19d 23hJun 2026 - now |
2025 pullback2025 | -4.28%Oct 2025 | 1d | 17d | 18dOct 2025 - Oct 2025 |
2025 pullback2025 | -3.31%Jul 2025 | 1d | 15d | 16dJul 2025 - Jul 2025 |
Drawdown Indicators
| PVEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.63% | -56.78% | +49.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -2.08% | -2.49% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -10.72% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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