- Issuer
- Pabrai
- Inception Date
- Feb 9, 2026
- Region
- Global (Broad)
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $127M
Share Price Chart
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Performance
WAGN Performance Chart
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Returns By Period
Pabrai Wagons ETF
- 1D
- -0.34%
- 1M
- 0.17%
- 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%
WAGN Monthly Returns History
Based on dividend-adjusted daily data since Feb 9, 2026, WAGN's average daily return is +0.04%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +4.9%, while the worst month was Jun 2026 at -1.8%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 1 months.
On a daily basis, WAGN closed higher 48% of trading days. The best single day was Jun 1, 2026 with a return of +4.1%, while the worst single day was May 21, 2026 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.92% | -0.87% | 4.87% | 0.33% | -1.82% | 3.33% |
Benchmark Metrics
Pabrai Wagons ETF has an annualized alpha of -3.59%, beta of 0.67, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since February 09, 2026.
- This ETF participated in 27.04% of S&P 500 Index downside but only 24.58% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.67 may look defensive, but with R2 of 0.26 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 0.26 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
- -3.59%
- Beta
- 0.67
- R²
- 0.26
- Upside Capture
- 24.58%
- Downside Capture
- 27.04%
Expense Ratio
WAGN has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) 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.
| WAGN | 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
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 Pabrai Wagons 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 Pabrai Wagons ETF was 7.02%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current Pabrai Wagons ETF drawdown is 7.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -7.02%Jun 2026 | 19d | — | 20d 13hJun 2026 - now |
2026 pullback2026 | -5.79%Mar 2026 | 1mo 1d | 19d | 1mo 20dFeb 2026 - Apr 2026 |
2026 pullback2026 | -5.19%May 2026 | 28d | 11d | 1mo 9dApr 2026 - Jun 2026 |
2026 pullback2026 | -0.48%Apr 2026 | 0s | 4d | 4dApr 2026 - Apr 2026 |
2026 pullback2026 | -0.26%Feb 2026 | 0s | 1d | 1dFeb 2026 - Feb 2026 |
Drawdown Indicators
| WAGN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.02% | -56.78% | +49.76% |
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 | -7.02% | -1.80% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -10.71% | +8.07% |
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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