- ISIN
- US86280R8604
- Issuer
- Day Hagan
- Inception Date
- Sep 28, 2021
- Region
- Global (Broad)
- Category
- Nontraditional Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $36M
Share Price Chart
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Performance
SSFI Performance Chart
Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) is up 0.5% since the beginning of the year. SSFI is currently trading at $21 per share.
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Returns By Period
Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) has returned 0.49% so far this year and 4.04% over the past 12 months.
Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF
- 1D
- -0.30%
- 1M
- 0.85%
- YTD
- 0.49%
- 6M
- 0.60%
- 1Y
- 4.04%
- 3Y*
- 3.17%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SSFI Monthly Returns History
Based on dividend-adjusted daily data since Sep 29, 2021, SSFI's average daily return is 0.00%, while the average monthly return is 0.00%.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +3.6%, while the worst month was Sep 2022 at -3.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SSFI closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +2.0%, while the worst single day was Apr 7, 2025 at -1.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.26% | 1.21% | -1.56% | 0.12% | 0.37% | 0.12% | 0.49% | ||||||
| 2025 | 0.58% | 2.53% | -0.32% | 0.70% | -0.98% | 1.48% | -0.54% | 1.27% | 0.93% | 0.62% | 0.57% | -0.36% | 6.62% |
| 2024 | -0.28% | -0.82% | 0.88% | -2.24% | 1.63% | 0.94% | 2.03% | 1.49% | 1.18% | -2.52% | 1.24% | -2.27% | 1.10% |
| 2023 | 3.57% | -2.40% | 1.85% | 0.36% | -0.99% | 0.62% | -0.06% | -0.74% | -3.03% | -1.55% | 3.57% | 3.26% | 4.26% |
| 2022 | -2.13% | -0.70% | -1.75% | -3.52% | -0.01% | -1.77% | 2.22% | -3.21% | -3.65% | -0.96% | 3.50% | -1.40% | -12.82% |
| 2021 | -0.30% | 0.52% | -0.07% | 0.37% | 0.51% |
Benchmark Metrics
Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF has an annualized alpha of -1.27%, beta of 0.09, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since September 29, 2021.
- This ETF participated in 40.47% of S&P 500 Index downside but only 17.05% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 may look defensive, but with R2 of 0.08 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 0.08 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
- -1.27%
- Beta
- 0.09
- R²
- 0.08
- Upside Capture
- 17.05%
- Downside Capture
- 40.47%
Expense Ratio
SSFI has an expense ratio of 0.81%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SSFI ranks 30 for risk / return — below 30% 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 Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) 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.
| SSFI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.78 | -1.25 |
| Martin ratioReturn relative to average drawdown | 4.71 | 12.44 | -7.73 |
Dividends
Dividend History
Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF provided a 3.36% dividend yield over the last twelve months, with an annual payout of $0.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.72 | $0.75 | $0.76 | $0.85 | $0.40 | $0.18 |
Dividend yield | 3.36% | 3.51% | 3.64% | 3.97% | 1.87% | 0.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Day Hagan/Ned Davis Research Smart Sector Fixed Income 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 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.29 | $0.75 |
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.28 | $0.76 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.45 | $0.85 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.25 | $0.40 |
| 2021 | $0.18 | $0.18 |
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 Day Hagan/Ned Davis Research Smart Sector Fixed Income 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 Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF was 16.07%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -16.07%Oct 2023 | 1y 11mo | — | 4y 7moNov 2021 - now |
2021 pullback2021 | -1.07%Oct 2021 | 7d | 3d | 10dOct 2021 - Oct 2021 |
2021 pullback2021 | -0.85%Oct 2021 | 6d | 6d | 12dOct 2021 - Oct 2021 |
2021 pullback2021 | -0.46%Nov 2021 | 6d | 2d | 8dOct 2021 - Nov 2021 |
2021 pullback2021 | -0.30%Sep 2021 | 1d | 1d | 2dSep 2021 - Oct 2021 |
Drawdown Indicators
| SSFI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.07% | -56.78% | +40.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -9.10% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.72% | -18.90% | +12.18% |
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 | -1.98% | -1.80% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -10.71% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.03% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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