- Issuer
- REX Shares
- Inception Date
- Jan 20, 2026
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $7M
Share Price Chart
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Performance
TLDR Performance Chart
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Returns By Period
The Laddered T-Bill ETF
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 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%
TLDR Monthly Returns History
Based on dividend-adjusted daily data since Jan 21, 2026, TLDR's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 100% of months were positive and 0% were negative. The best month was Apr 2026 with a return of +0.3%, while the worst month was Jan 2026 at 0.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 0 months.
On a daily basis, TLDR closed higher 49% of trading days. The best single day was Feb 18, 2026 with a return of +0.1%, while the worst single day was Mar 31, 2026 at -0.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.06% | 0.28% | 0.24% | 0.33% | 0.27% | 0.20% | 1.39% |
Benchmark Metrics
The Laddered T-Bill ETF has an annualized alpha of 3.49%, beta of -0.01, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 21, 2026.
- This ETF captured 2.75% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -11.20%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.04 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 0.04 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
- 3.49%
- Beta
- -0.01
- R²
- 0.04
- Upside Capture
- 2.75%
- Downside Capture
- -11.20%
Expense Ratio
TLDR has an expense ratio of 0.20%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) 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.
| TLDR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
The Laddered T-Bill ETF provided a 1.36% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM |
|---|---|
| Dividend | $0.34 |
Dividend yield | 1.36% |
Monthly Dividends
The table displays the monthly dividend distributions for The Laddered T-Bill 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 | $0.07 | $0.08 | $0.07 | $0.07 | $0.05 | $0.34 |
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 The Laddered T-Bill 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 The Laddered T-Bill ETF was 0.05%, occurring on Mar 31, 2026. Recovery took 1 trading session.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -0.05%Mar 2026 | 0s | 1d | 1dMar 2026 - Apr 2026 |
2026 pullback2026 | -0.04%Apr 2026 | 3d | 1d | 4dApr 2026 - Apr 2026 |
2026 pullback2026 | -0.04%Feb 2026 | 0s | 8d | 8dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.04%Feb 2026 | 0s | 2d | 2dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.03%Apr 2026 | 0s | 2d | 2dApr 2026 - Apr 2026 |
Drawdown Indicators
| TLDR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.05% | -56.78% | +56.73% |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -10.71% | +10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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