MRSK vs. ^SP500TR

Last updated Jun 3, 2026

MRSK (Agility Shares Managed Risk ETF) is Hedge Fund fund actively managed by Toews Corp., while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, MRSK returned 8.40%/yr vs 14.29%/yr for ^SP500TR. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

MRSK vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Managed Risk ETF (MRSK) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRSK achieves a 5.48% return, which is significantly lower than ^SP500TR's 11.72% return.

MRSK

• 1D: 0.14%
• 1M: 4.29%
• YTD: 5.48%
• 6M: 6.16%
• 1Y: 19.76%
• 3Y*: 11.50%
• 5Y*: 8.40%
• 10Y*: —

^SP500TR

• 1D: 0.13%
• 1M: 5.38%
• YTD: 11.72%
• 6M: 12.09%
• 1Y: 29.76%
• 3Y*: 22.77%
• 5Y*: 14.29%
• 10Y*: 15.68%

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

MRSK vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MRSK Agility Shares Managed Risk ETF	5.48%	11.93%	14.62%	13.29%	-11.86%	20.74%	16.42%
^SP500TR S&P 500 Total Return	11.72%	17.88%	25.02%	26.29%	-18.11%	28.71%	22.84%

Correlation

The correlation between MRSK and ^SP500TR is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.84

The correlation between MRSK and ^SP500TR has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

MRSK vs. ^SP500TR — Risk / Return Rank

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

MRSK

MRSK Risk / Return Rank: 55
MRSK Sharpe Ratio Rank: 55
MRSK Sortino Ratio Rank: 53
MRSK Omega Ratio Rank: 57
MRSK Calmar Ratio Rank: 51
MRSK Martin Ratio Rank: 58

^SP500TR

^SP500TR Risk / Return Rank: 84
^SP500TR Sharpe Ratio Rank: 82
^SP500TR Sortino Ratio Rank: 84
^SP500TR Omega Ratio Rank: 83
^SP500TR Calmar Ratio Rank: 81
^SP500TR Martin Ratio Rank: 90

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.

MRSK vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Managed Risk ETF (MRSK) and S&P 500 Total Return (^SP500TR). 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.

	MRSK	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	1.90	2.52	-0.63
Sortino ratio Return per unit of downside risk	2.60	3.43	-0.83
Omega ratio Gain probability vs. loss probability	1.35	1.46	-0.11
Calmar ratio Return relative to maximum drawdown	2.56	3.41	-0.84
Martin ratio Return relative to average drawdown	10.35	15.97	-5.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRSK vs. ^SP500TR - Sharpe Ratio Comparison

The current MRSK Sharpe Ratio is 1.90, which is comparable to the ^SP500TR Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of MRSK and ^SP500TR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MRSK	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.52	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.85	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.65	+0.32

Drawdowns

MRSK vs. ^SP500TR - Drawdown Comparison

The maximum MRSK drawdown since its inception was -14.70%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for MRSK and ^SP500TR.

Drawdown Indicators

	MRSK	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-14.70%	-55.25%	+40.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-8.89%	+1.07%
Max Drawdown (3Y) Largest decline over 3 years	-12.22%	-18.75%	+6.53%
Max Drawdown (5Y) Largest decline over 5 years	-14.70%	-24.49%	+9.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.59%	-8.17%	+4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.90%	+0.04%

Volatility

MRSK vs. ^SP500TR - Volatility Comparison

The current volatility for Agility Shares Managed Risk ETF (MRSK) is 2.44%, while S&P 500 Total Return (^SP500TR) has a volatility of 2.83%. This indicates that MRSK experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRSK	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.83%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	8.98%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	11.86%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.67%	16.90%	-5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.85%	18.07%	-6.22%

Frequently Asked Questions

Can I hold both MRSK and ^SP500TR in my portfolio?

MRSK and ^SP500TR have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRSK or ^SP500TR?

^SP500TR has higher volatility (2.83%) compared to MRSK (2.44%). In terms of maximum drawdown, MRSK dropped -14.70% vs ^SP500TR's -55.25%.

Which has better risk-adjusted returns?

^SP500TR currently has the higher Sharpe Ratio (2.52 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.