- Issuer
- MRP
- Inception Date
- Mar 10, 2025
- Category
- Equity Hedged
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $148M
Share Price Chart
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Performance
SNTH Performance Chart
MRP SynthEquity ETF (SNTH) is up 7.1% since the beginning of the year. SNTH is currently trading at $30 per share.
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Returns By Period
MRP SynthEquity ETF (SNTH) has returned 7.12% so far this year and 24.31% over the past 12 months.
MRP SynthEquity ETF
- 1D
- -2.85%
- 1M
- -1.69%
- YTD
- 7.12%
- 6M
- 6.05%
- 1Y
- 24.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SNTH Monthly Returns History
Based on dividend-adjusted daily data since Mar 11, 2025, SNTH's average daily return is +0.09%, while the average monthly return is +1.88%. At this rate, an investment would double in approximately 3.1 years.
Historically, 63% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +10.2%, while the worst month was Mar 2026 at -4.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SNTH closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +5.9%, while the worst single day was Apr 3, 2025 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.98% | -1.11% | -4.66% | 10.21% | 5.26% | -3.01% | 7.12% | ||||||
| 2025 | -1.43% | 0.48% | 6.30% | 5.69% | 2.60% | 1.68% | 5.23% | 4.10% | -0.92% | -1.37% | 24.27% |
Benchmark Metrics
MRP SynthEquity ETF has an annualized alpha of 4.81%, beta of 0.83, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since March 11, 2025.
- This ETF participated in 113.13% of S&P 500 Index downside but only 109.92% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 4.81% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.81%
- Beta
- 0.83
- R²
- 0.86
- Upside Capture
- 109.92%
- Downside Capture
- 113.13%
Expense Ratio
SNTH has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SNTH ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MRP SynthEquity ETF (SNTH) 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.
| SNTH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.46 | +0.26 |
| Martin ratioReturn relative to average drawdown | 9.20 | 10.92 | -1.71 |
Dividends
Dividend History
MRP SynthEquity ETF provided a 11.24% dividend yield over the last twelve months, with an annual payout of $3.32 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $3.32 | $3.20 |
Dividend yield | 11.24% | 11.55% |
Monthly Dividends
The table displays the monthly dividend distributions for MRP SynthEquity 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 | $0.12 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $3.20 | $3.20 |
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 MRP SynthEquity 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 MRP SynthEquity ETF was 9.79%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current MRP SynthEquity ETF drawdown is 3.55%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -9.79%Apr 2025 | 14d | 1mo 4d | 1mo 18dMar 2025 - May 2025 |
2026 pullback2026 | -8.99%Mar 2026 | 5mo 2d | 18d | 5mo 20dOct 2025 - Apr 2026 |
2026 pullback2026 | -4.21%Jun 2026 | 7d | — | 21d 3hJun 2026 - now |
2025 pullback2025 | -3.08%Oct 2025 | 1d | 14d | 15dOct 2025 - Oct 2025 |
2025 selloff2025 | -2.87%May 2025 | 3d | 14d | 17dMay 2025 - Jun 2025 |
Drawdown Indicators
| SNTH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.79% | -56.78% | +46.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -9.10% | +0.11% |
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 | -3.55% | -3.21% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -10.71% | +8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.04% | +0.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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