- ISIN
- US14064D5501
- Issuer
- Fairlead
- Inception Date
- Mar 22, 2022
- Region
- North America (U.S.)
- Category
- Tactical Allocation
- 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
- $274M
Highlights
- Avg. Volume (1M)
- 27K
- Avg. Volume Value (1M)
- $853.39K
Share Price Chart
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Performance
TACK Performance Chart
Fairlead Tactical Sector Fund (TACK) is up 7.0% since the beginning of the year. TACK is currently trading at $32 per share.
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Returns By Period
Fairlead Tactical Sector Fund (TACK) has returned 6.97% so far this year and 13.84% over the past 12 months.
Fairlead Tactical Sector Fund
- 1D
- -0.29%
- 1M
- 0.21%
- 6M
- 4.39%
- YTD
- 6.97%
- 1Y
- 13.84%
- 3Y*
- 11.31%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.00%
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%
TACK Monthly Returns History
Based on dividend-adjusted daily data since Mar 23, 2022, TACK's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +6.5%, while the worst month was Sep 2022 at -5.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TACK closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +6.3%, while the worst single day was Apr 4, 2025 at -4.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.47% | 3.58% | -4.15% | 2.14% | 0.61% | 1.67% | 0.64% | 6.97% | |||||
| 2025 | 3.14% | -0.04% | -3.34% | -0.33% | 3.14% | 1.34% | 0.92% | 1.45% | 4.20% | 0.27% | -0.04% | -0.08% | 10.93% |
| 2024 | 0.30% | 3.64% | 3.00% | -5.15% | 3.04% | 0.48% | 2.93% | 3.52% | 2.28% | -1.20% | 4.62% | -5.64% | 11.76% |
| 2023 | 4.70% | -4.41% | 3.80% | 0.70% | -2.69% | 0.53% | 1.32% | -1.24% | -4.40% | -1.02% | 6.51% | 4.08% | 7.43% |
| 2022 | 1.08% | -3.36% | 0.78% | -3.75% | 2.07% | -1.66% | -5.73% | 0.94% | 4.44% | -0.28% | -5.75% |
Benchmark Metrics
Fairlead Tactical Sector Fund has an annualized alpha of 1.22%, beta of 0.47, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since March 23, 2022.
- This ETF participated in 61.32% of S&P 500 Index downside but only 51.33% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.47 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.22%
- Beta
- 0.47
- R²
- 0.52
- Upside Capture
- 51.33%
- Downside Capture
- 61.32%
Expense Ratio
TACK has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TACK ranks 57 for risk / return — above 57% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fairlead Tactical Sector Fund (TACK) 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.
| TACK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.00 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.15 | 8.49 | -1.34 |
Dividends
Dividend History
Fairlead Tactical Sector Fund provided a 1.30% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.41 | $0.36 | $0.34 | $0.32 | $0.21 |
Dividend yield | 1.30% | 1.18% | 1.26% | 1.29% | 0.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Fairlead Tactical Sector Fund. 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 | $0.13 | $0.00 | $0.22 | |||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.36 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.09 | $0.34 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.32 |
| 2022 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.21 |
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 Fairlead Tactical Sector Fund. 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 Fairlead Tactical Sector Fund was 14.49%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.
The current Fairlead Tactical Sector Fund drawdown is 1.18%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.49%Apr 2025 | 4mo 7d | 3mo 16d | 7mo 23dDec 2024 - Jul 2025 | 2025 selloff2025 |
-13.43%Sep 2022 | 5mo 9d | 1y 4mo | 1y 9moApr 2022 - Feb 2024 | Bear market2022 |
-5.87%Apr 2024 | 18d | 2mo 23d | 3mo 11dApr 2024 - Jul 2024 | — |
-5.85%Mar 2026 | 28d | 2mo 17d | 3mo 15dMar 2026 - Jun 2026 | — |
-4.94%Nov 2025 | 23d | 1mo 17d | 2mo 10dOct 2025 - Jan 2026 | — |
Drawdown Indicators
| TACK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.49% | -56.78% | +42.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.85% | -9.10% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -18.90% | +4.41% |
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 | -1.18% | -1.58% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -10.70% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.14% | -0.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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