- Issuer
- SRH
- Inception Date
- Nov 1, 2023
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $48M
Highlights
- Avg. Volume (1M)
- 214
- Avg. Volume Value (1M)
- $13.02K
Share Price Chart
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Performance
SRHR Performance Chart
SRH REIT Covered Call ETF (SRHR) is up 18.1% since the beginning of the year. SRHR is currently trading at $60 per share.
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Returns By Period
SRH REIT Covered Call ETF (SRHR) has returned 18.07% so far this year and 20.98% over the past 12 months.
SRH REIT Covered Call ETF
- 1D
- -0.71%
- 1M
- 0.49%
- 6M
- 14.77%
- YTD
- 18.07%
- 1Y
- 20.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.35%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SRHR Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 2023, SRHR's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +8.6%, while the worst month was Apr 2024 at -7.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SRHR closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +6.7%, while the worst single day was Apr 4, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.87% | 4.21% | -5.90% | 7.44% | 3.24% | 3.44% | 2.01% | 18.07% | |||||
| 2025 | -0.45% | 3.49% | -2.49% | -3.50% | 1.00% | 0.56% | -1.17% | 4.73% | -0.20% | -3.01% | 2.32% | -1.84% | -0.91% |
| 2024 | -2.63% | 2.28% | 1.60% | -7.52% | 3.23% | 1.52% | 6.82% | 4.18% | 1.32% | -3.30% | 2.80% | -5.44% | 3.94% |
| 2023 | 8.64% | 6.75% | 15.98% |
Benchmark Metrics
SRH REIT Covered Call ETF has an annualized alpha of 0.88%, beta of 0.59, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since November 02, 2023.
- This ETF participated in 79.03% of S&P 500 Index downside but only 60.09% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.59 may look defensive, but with R2 of 0.33 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 0.33 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
- 0.88%
- Beta
- 0.59
- R²
- 0.33
- Upside Capture
- 60.09%
- Downside Capture
- 79.03%
Expense Ratio
SRHR has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SRHR ranks 64 for risk / return — above 64% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SRH REIT Covered Call ETF (SRHR) 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.
| SRHR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.00 | +0.43 |
| Martin ratioReturn relative to average drawdown | 7.56 | 8.49 | -0.93 |
Dividends
Dividend History
SRH REIT Covered Call ETF provided a 6.07% dividend yield over the last twelve months, with an annual payout of $3.66 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $3.66 | $3.75 | $3.95 | $0.56 |
Dividend yield | 6.07% | 7.07% | 6.90% | 0.95% |
Monthly Dividends
The table displays the monthly dividend distributions for SRH REIT Covered Call 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 | $0.29 | $0.27 | $0.30 | $0.27 | $0.34 | $0.30 | $0.29 | $2.07 | |||||
| 2025 | $0.31 | $0.33 | $0.33 | $0.28 | $0.31 | $0.30 | $0.29 | $0.32 | $0.32 | $0.32 | $0.33 | $0.31 | $3.75 |
| 2024 | $0.35 | $0.36 | $0.35 | $0.35 | $0.40 | $0.36 | $0.30 | $0.31 | $0.28 | $0.27 | $0.31 | $0.30 | $3.95 |
| 2023 | $0.56 | $0.56 |
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 SRH REIT Covered Call 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 SRH REIT Covered Call ETF was 18.68%, occurring on Apr 8, 2025. Recovery took 270 trading sessions.
The current SRH REIT Covered Call ETF drawdown is 2.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.68%Apr 2025 | 6mo 15d | 1y 28d | 1y 7moSep 2024 - May 2026 | 2025 selloff2025 |
-8.79%Apr 2024 | 1mo 8d | 2mo 25d | 4mo 3dMar 2024 - Jul 2024 | — |
-4.96%Feb 2024 | 1mo 16d | 22d | 2mo 8dDec 2023 - Mar 2024 | — |
-4.12%Aug 2024 | 5d | 9d | 14dJul 2024 - Aug 2024 | — |
-3.21%Nov 2023 | 3d | 5d | 8dNov 2023 - Nov 2023 | — |
Drawdown Indicators
| SRHR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -56.78% | +38.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -9.10% | +0.76% |
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 | -2.06% | -1.58% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -10.70% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.14% | +0.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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