- Issuer
- M.D. Sass
- Inception Date
- Mar 4, 2026
- Region
- North America (United States)
- Category
- Actively Managed, Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
SASS Performance Chart
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Returns By Period
M.D. Sass Concentrated Value ETF
- 1D
- 1.28%
- 1M
- 1.08%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.81%
- 1M
- 2.13%
- 6M
- 8.99%
- YTD
- 10.20%
- 1Y
- 20.44%
- 3Y*
- 19.60%
- 5Y*
- 11.54%
- 10Y*
- 13.44%
SASS Monthly Returns History
Based on dividend-adjusted daily data since Mar 4, 2026, SASS's average daily return is -0.01%, while the average monthly return is -0.21%.
Historically, 40% of months were positive and 60% were negative. The best month was Apr 2026 with a return of +5.9%, while the worst month was Mar 2026 at -7.4%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 1 months.
On a daily basis, SASS closed higher 52% of trading days. The best single day was Apr 8, 2026 with a return of +3.3%, while the worst single day was Mar 20, 2026 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.39% | 5.86% | -0.34% | 3.32% | -2.51% | -1.59% |
Benchmark Metrics
M.D. Sass Concentrated Value ETF has an annualized alpha of -26.35%, beta of 0.91, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since March 04, 2026.
- This ETF participated in 84.25% of S&P 500 Index downside but only 13.86% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -26.35% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.91 and R2 of 0.60, 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
- -26.35%
- Beta
- 0.91
- R²
- 0.60
- Upside Capture
- 13.86%
- Downside Capture
- 84.25%
Expense Ratio
SASS has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for M.D. Sass Concentrated Value ETF (SASS) 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.
| SASS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.26 | — |
| Martin ratioReturn relative to average drawdown | — | 9.80 | — |
Dividends
Dividend History
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 M.D. Sass Concentrated Value 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 M.D. Sass Concentrated Value ETF was 9.61%, occurring on Mar 27, 2026. Recovery took 61 trading sessions.
The current M.D. Sass Concentrated Value ETF drawdown is 2.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -9.61%Mar 2026 | 22d | 3mo | 3mo 22dMar 2026 - Jun 2026 |
2026 pullback2026 | -3.86%Jul 2026 | 12d | — | 14d 18hJun 2026 - now |
Drawdown Indicators
| SASS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -56.78% | +47.17% |
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 | -2.63% | -0.87% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -10.71% | +7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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