- Issuer
- TrueShares
- Inception Date
- Jun 28, 2024
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 13K
- Avg. Volume Value (1M)
- $316.09K
Share Price Chart
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Performance
QBER Performance Chart
TrueShares Quarterly Bear Hedge ETF (QBER) is down 0.8% since the beginning of the year. QBER is currently trading at $24 per share.
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Returns By Period
TrueShares Quarterly Bear Hedge ETF (QBER) has returned -0.83% so far this year and -1.05% over the past 12 months.
TrueShares Quarterly Bear Hedge ETF
- 1D
- -0.31%
- 1M
- 0.08%
- 6M
- -0.08%
- YTD
- -0.83%
- 1Y
- -1.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.26%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
QBER Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2024, QBER's average daily return is 0.00%, while the average monthly return is -0.02%.
Historically, 54% of months were positive and 46% were negative. The best month was Mar 2026 with a return of +1.1%, while the worst month was Apr 2026 at -1.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QBER closed higher 48% of trading days. The best single day was Aug 5, 2024 with a return of +3.0%, while the worst single day was May 2, 2025 at -2.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.54% | 0.13% | 1.10% | -1.46% | 0.21% | -0.13% | 0.19% | -0.31% | -0.83% | ||||
| 2025 | -0.14% | 0.12% | 0.41% | 0.18% | -0.47% | -0.20% | 0.08% | -0.16% | -0.04% | -0.15% | 0.18% | 0.45% | 0.25% |
| 2024 | 0.13% | -0.39% | 0.23% | 0.67% | -0.68% | 0.08% | 0.04% |
Benchmark Metrics
TrueShares Quarterly Bear Hedge ETF has an annualized alpha of 3.98%, beta of -0.23, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since July 01, 2024.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -19.15%), but participation in market rallies was also limited (-5.79%) - a profile typical of counter-cyclical assets.
- Beta of -0.23 may look defensive, but with R2 of 0.37 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 0.37 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
- 3.98%
- Beta
- -0.23
- R²
- 0.37
- Upside Capture
- -5.79%
- Downside Capture
- -19.15%
Expense Ratio
QBER has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QBER ranks 6 for risk / return — above 6% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for TrueShares Quarterly Bear Hedge ETF (QBER) 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.
| QBER | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.31 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.41 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.89 | 10.22 | -11.11 |
Dividends
Dividend History
TrueShares Quarterly Bear Hedge ETF provided a 3.29% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.78 | $0.78 | $0.33 |
Dividend yield | 3.29% | 3.26% | 1.35% |
Monthly Dividends
The table displays the monthly dividend distributions for TrueShares Quarterly Bear Hedge 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 | $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 | $0.78 | $0.78 |
| 2024 | $0.33 | $0.33 |
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 Quarterly Bear Hedge 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 Quarterly Bear Hedge ETF was 5.72%, occurring on May 27, 2026. The portfolio has not yet recovered.
The current TrueShares Quarterly Bear Hedge ETF drawdown is 5.56%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-5.72%May 2026 | 1y 9mo | — | 1y 12moAug 2024 - now | — |
-0.76%Jul 2024 | 5d | 2d | 7dJul 2024 - Aug 2024 | — |
-0.51%Jul 2024 | 14d | 2d | 16dJul 2024 - Jul 2024 | — |
-0.38%Jul 2024 | 1d | 2d | 2dJul 2024 - Jul 2024 | — |
Drawdown Indicators
| QBER | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.72% | -56.78% | +51.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -9.10% | +6.75% |
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 | -5.56% | -0.12% | -5.44% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -10.70% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.14% | -0.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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