- Issuer
- Rational Capital LLC
- Inception Date
- Nov 1, 2019
- Region
- Developed Markets (Broad)
- Category
- Momentum, Hedge Fund
- Leveraged
- 1x (No leverage)
- Index Tracked
- Newfound/ReSolve Robust Equity Momentum Index
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $26M
Share Price Chart
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Performance
ROMO Performance Chart
Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) is up 7.1% since the beginning of the year. ROMO is currently trading at $34 per share. Investors who bought $1,000 worth of ROMO shares 5 years ago would now be looking at an investment worth $1,375.
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Returns By Period
Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) has returned 7.07% so far this year and 14.80% over the past 12 months.
Strategy Shares Newfound/ReSolve Robust Momentum ETF
- 1D
- 0.49%
- 1M
- 4.11%
- 6M
- 4.73%
- YTD
- 7.07%
- 1Y
- 14.80%
- 3Y*
- 14.14%
- 5Y*
- 6.57%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 4.24%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 20.62%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
ROMO Monthly Returns History
Based on dividend-adjusted daily data since Nov 4, 2019, ROMO's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +9.8%, while the worst month was Mar 2020 at -12.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ROMO closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +7.4%, while the worst single day was Mar 12, 2020 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.15% | 4.49% | -8.01% | 4.56% | 3.04% | -0.51% | 0.74% | 7.07% | |||||
| 2025 | 2.33% | -1.16% | -4.75% | 1.08% | 1.46% | 2.50% | -1.14% | 3.46% | 2.67% | 2.17% | -0.17% | 0.75% | 9.29% |
| 2024 | 1.38% | 5.03% | 2.86% | -3.81% | 4.48% | 3.04% | 1.03% | 1.77% | 2.16% | -1.29% | 4.98% | -2.27% | 20.68% |
| 2023 | 3.67% | -2.72% | 2.48% | 1.89% | -3.56% | 4.45% | 2.82% | -2.10% | -4.25% | -1.07% | 5.12% | 4.45% | 11.05% |
| 2022 | -5.51% | -2.01% | -1.29% | -5.57% | -0.34% | -1.31% | 1.15% | -3.07% | -2.55% | -0.64% | 1.64% | -0.97% | -18.88% |
| 2021 | 0.09% | 2.30% | 2.28% | 4.02% | 0.80% | 0.92% | 1.66% | 2.99% | -4.29% | 5.86% | -1.22% | 4.57% | 21.41% |
Benchmark Metrics
Strategy Shares Newfound/ReSolve Robust Momentum ETF has an annualized alpha of -1.59%, beta of 0.59, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since November 04, 2019.
- This ETF participated in 74.24% of S&P 500 Index downside but only 54.52% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.59 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.59%
- Beta
- 0.59
- R²
- 0.69
- Upside Capture
- 54.52%
- Downside Capture
- 74.24%
Expense Ratio
ROMO has an expense ratio of 0.82%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ROMO ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) 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.
| ROMO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.28 | -0.94 |
| Martin ratioReturn relative to average drawdown | 4.69 | 9.88 | -5.20 |
Dividends
Dividend History
Strategy Shares Newfound/ReSolve Robust Momentum ETF provided a 8.29% dividend yield over the last twelve months, with an annual payout of $2.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $2.82 | $2.82 | $0.24 | $0.64 | $0.19 | $0.17 | $0.24 | $0.15 |
Dividend yield | 8.29% | 8.87% | 0.76% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Strategy Shares Newfound/ReSolve Robust Momentum 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 | $2.82 | $2.82 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
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 Strategy Shares Newfound/ReSolve Robust Momentum 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 Strategy Shares Newfound/ReSolve Robust Momentum ETF was 28.66%, occurring on Mar 23, 2020. Recovery took 268 trading sessions.
The current Strategy Shares Newfound/ReSolve Robust Momentum ETF drawdown is 0.94%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.66%Mar 2020 | 1mo 2d | 1y 23d | 1y 1moFeb 2020 - Apr 2021 |
Bear market2022 | -20.26%Nov 2022 | 10mo 12d | 1y 7mo | 2y 5moDec 2021 - Jun 2024 |
2025 selloff2025 | -14.09%Apr 2025 | 1mo 17d | 4mo 8d | 5mo 25dFeb 2025 - Aug 2025 |
2026 correction2026 | -11.16%Mar 2026 | 22d | — | 4mo 15dFeb 2026 - now |
2024 pullback2024 | -8.67%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
Drawdown Indicators
| ROMO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.66% | -56.78% | +28.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -9.10% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -18.90% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.26% | -25.43% | +5.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.45% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -10.71% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.09% | +1.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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