ACTV vs. LENS

Last updated Jun 5, 2026

ACTV (LeaderShares Activist Leaders ETF) and LENS (Sarmaya Thematic ETF) are both Global Equities funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. ACTV charges 0.75%/yr vs 0.79%/yr for LENS.

Performance

ACTV vs. LENS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LeaderShares Activist Leaders ETF (ACTV) and Sarmaya Thematic ETF (LENS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACTV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LENS

• 1D: -1.54%
• 1M: -1.68%
• YTD: 13.33%
• 6M: 18.33%
• 1Y: 61.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACTV vs. LENS - Yearly Performance Comparison

	2026 (YTD)	2025
ACTV LeaderShares Activist Leaders ETF	0.00%	2.65%
LENS Sarmaya Thematic ETF	13.33%	56.21%

Correlation

The correlation between ACTV and LENS is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025	0.14

Return for Risk

ACTV vs. LENS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LENS

LENS Risk / Return Rank: 67
LENS Sharpe Ratio Rank: 72
LENS Sortino Ratio Rank: 57
LENS Omega Ratio Rank: 68
LENS Calmar Ratio Rank: 79
LENS Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACTV vs. LENS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LeaderShares Activist Leaders ETF (ACTV) and Sarmaya Thematic ETF (LENS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ACTV	LENS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.09	—

Drawdowns

Drawdown Indicators

	ACTV	LENS	Difference
Max Drawdown Largest peak-to-trough decline	—	-15.47%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.47%	—
Current Drawdown Current decline from peak	—	-13.64%	—
Average Drawdown Average peak-to-trough decline	—	-3.71%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.19%	—

Volatility

Volatility by Period

	ACTV	LENS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.49%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.49%	—

ACTV vs. LENS - Expense Ratio Comparison

ACTV has a 0.75% expense ratio, which is lower than LENS's 0.79% expense ratio.

Dividends

ACTV vs. LENS - Dividend Comparison

ACTV's dividend yield for the trailing twelve months is around 1.28%, less than LENS's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ACTV LeaderShares Activist Leaders ETF	1.28%	1.28%	0.80%	1.18%	0.28%	7.63%	0.11%
LENS Sarmaya Thematic ETF	1.41%	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACTV and LENS in my portfolio?

ACTV and LENS have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACTV or LENS?

On fees, ACTV is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACTV or LENS?

ACTV is cheaper with a 0.75% expense ratio, compared with 0.79% for LENS.

Which ETF pays a higher dividend yield, ACTV or LENS?

LENS has the higher dividend yield at 1.41%, compared with 1.28% for ACTV.

What is the main difference between ACTV and LENS?

They also come from different issuers: Redwood and Sarmaya Partners. Their fees differ too: 0.75% for ACTV and 0.79% for LENS.