- Issuer
- ADRhedged
- Inception Date
- Jan 6, 2025
- Region
- Europe (Germany)
- Category
- Actively Managed, Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $324K
Highlights
- Avg. Volume (1M)
- 911
- Avg. Volume Value (1M)
- $28.06K
Share Price Chart
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Performance
SAPH Performance Chart
ADRhedged SAP ETF (SAPH) is down 19.3% since the beginning of the year. SAPH is currently trading at $34 per share.
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Returns By Period
ADRhedged SAP ETF (SAPH) has returned -19.27% so far this year and -32.30% over the past 12 months.
ADRhedged SAP ETF
- 1D
- 3.32%
- 1M
- 19.22%
- 6M
- -15.81%
- YTD
- -19.27%
- 1Y
- -32.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.71%
Benchmark (S&P 500 Index)
- 1D
- -1.52%
- 1M
- -1.67%
- 6M
- 4.85%
- YTD
- 6.88%
- 1Y
- 14.84%
- 3Y*
- 16.88%
- 5Y*
- 10.73%
- 10Y*
- 12.90%
- ALL TIME*
- 8.04%
SAPH Monthly Returns History
Based on dividend-adjusted daily data since Jan 7, 2025, SAPH's average daily return is -0.07%, while the average monthly return is -1.53%.
Historically, 32% of months were positive and 68% were negative. The best month was Jul 2026 with a return of +19.7%, while the worst month was Jan 2026 at -17.2%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 8 months.
On a daily basis, SAPH closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Jan 29, 2026 at -15.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -17.19% | 0.03% | -12.64% | -2.45% | 9.70% | -12.94% | 19.74% | -19.27% | |||||
| 2025 | 9.00% | -0.26% | -6.23% | 3.62% | 4.40% | -3.06% | -2.89% | -7.11% | -1.91% | -0.77% | -7.28% | -0.80% | -13.65% |
Benchmark Metrics
ADRhedged SAP ETF has an annualized alpha of -24.90%, beta of 0.80, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since January 07, 2025.
- This ETF participated in 76.94% of S&P 500 Index downside but only -42.81% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.15 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
- -24.90%
- Beta
- 0.80
- R²
- 0.15
- Upside Capture
- -42.81%
- Downside Capture
- 76.94%
Expense Ratio
SAPH has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
SAPH ranks 3 for risk / return — above 3% 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 ADRhedged SAP ETF (SAPH) 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.
| SAPH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 1.64 | -2.32 |
| Martin ratioReturn relative to average drawdown | -1.11 | 6.95 | -8.06 |
Dividends
Dividend History
ADRhedged SAP ETF provided a 3.46% dividend yield over the last twelve months, with an annual payout of $1.19 per share.
| Period | TTM |
|---|---|
| Dividend | $1.19 |
Dividend yield | 3.46% |
Monthly Dividends
The table displays the monthly dividend distributions for ADRhedged SAP 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 | $0.24 | $0.00 | $0.00 | $0.96 | $0.00 | $1.19 |
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 ADRhedged SAP 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 ADRhedged SAP ETF was 51.72%, occurring on Jul 23, 2026. The portfolio has not yet recovered.
The current ADRhedged SAP ETF drawdown is 39.47%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-51.72%Jul 2026 | 1y 5mo | — | 1y 5moFeb 2025 - now | — |
-1.58%Feb 2025 | 3d | 2d | 5dJan 2025 - Feb 2025 | 2025 selloff2025 |
-0.96%Jan 2025 | 0s | 1d | 1dJan 2025 - Jan 2025 | — |
-0.90%Jan 2025 | 3d | 2d | 5dJan 2025 - Jan 2025 | — |
-0.81%Jan 2025 | 0s | 1d | 1dJan 2025 - Jan 2025 | — |
Drawdown Indicators
| SAPH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.72% | -56.78% | +5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -47.17% | -9.10% | -38.07% |
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 | -39.47% | -3.86% | -35.61% |
Average DrawdownAverage peak-to-trough decline | -23.11% | -10.70% | -12.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.05% | 2.14% | +26.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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