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MSTB vs. EINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MSTB vs. EINC

Last updated Jun 19, 2026

MSTB (LHA Market State Tactical Beta ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - MSTB is a Equity Hedged fund tracking the S&P 500® Index, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past 5 years, MSTB returned 8.63%/yr vs 20.89%/yr for EINC. At a 0.36 correlation, their price movements are largely independent. MSTB charges 1.40%/yr vs 0.45%/yr for EINC.

Performance

MSTB vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Market State Tactical Beta ETF (MSTB) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MSTB achieves a 7.29% return, which is significantly lower than EINC's 22.64% return.

MSTB

1D
0.48%
1M
0.91%
YTD
7.29%
6M
8.51%
1Y
19.39%
3Y*
17.16%
5Y*
8.63%
10Y*
—

EINC

1D
0.31%
1M
-6.03%
YTD
22.64%
6M
25.16%
1Y
25.80%
3Y*
28.04%
5Y*
20.89%
10Y*
11.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MSTB vs. EINC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
MSTB
LHA Market State Tactical Beta ETF		7.29%18.57%18.82%16.94%-22.72%21.89%9.91%
EINC
VanEck Energy Income ETF		22.64%7.11%42.79%15.55%19.18%38.05%20.41%

Correlation

The correlation between MSTB and EINC is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2020

0.36

The correlation between MSTB and EINC shifts across timeframes, from -0.12 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

MSTB vs. EINC - Sectors Allocation Comparison

Sectors
MSTB
EINC

Technology

39.0%

-

Financial Services

11.1%

-

Communication Services

10.6%

-

Consumer Cyclical

9.9%

-

Healthcare

8.3%

-

Industrials

7.8%
2.5%

Consumer Defensive

4.5%

-

Energy

3.1%
99.4%

Utilities

2.1%
0.6%

Real Estate

1.8%

-

Basic Materials

1.7%

-

Technology

MSTB
39.0%
EINC

-

Financial Services

MSTB
11.1%
EINC

-

Communication Services

MSTB
10.6%
EINC

-

Consumer Cyclical

MSTB
9.9%
EINC

-

Healthcare

MSTB
8.3%
EINC

-

Industrials

MSTB
7.8%
EINC
2.5%

Consumer Defensive

MSTB
4.5%
EINC

-

Energy

MSTB
3.1%
EINC
99.4%

Utilities

MSTB
2.1%
EINC
0.6%

Real Estate

MSTB
1.8%
EINC

-

Basic Materials

MSTB
1.7%
EINC

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

LHA Market State Tactical Beta ETF

VanEck Energy Income ETF

Often compared with MSTB:
MSTB vs. JPSTMSTB vs. LGLVMSTB vs. SPYMSTB vs. CGDVMSTB vs. MSTQMSTB vs. SFLRMSTB vs. RMIF
Often compared with EINC:
EINC vs. XLEEINC vs. BIZDEINC vs. EMLPEINC vs. SMHEINC vs. IXCEINC vs. VPUEINC vs. ERY

Return for Risk

MSTB vs. EINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MSTB
MSTB Risk / Return Rank: 5454
Overall Rank
MSTB Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
MSTB Sortino Ratio Rank: 5454
Sortino Ratio Rank
MSTB Omega Ratio Rank: 5757
Omega Ratio Rank
MSTB Calmar Ratio Rank: 5050
Calmar Ratio Rank
MSTB Martin Ratio Rank: 5353
Martin Ratio Rank
EINC
EINC Risk / Return Rank: 5555
Overall Rank
EINC Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
EINC Sortino Ratio Rank: 5050
Sortino Ratio Rank
EINC Omega Ratio Rank: 5050
Omega Ratio Rank
EINC Calmar Ratio Rank: 6969
Calmar Ratio Rank
EINC Martin Ratio Rank: 5151
Martin Ratio Rank
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.

MSTB vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Beta ETF (MSTB) and VanEck Energy Income ETF (EINC). 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.

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.

MSTBEINCDifference
Sharpe ratioReturn per unit of total volatility
1.84
1.73

+0.11

Sortino ratioReturn per unit of downside risk
2.49
2.36

+0.14

Omega ratioGain probability vs. loss probability

1.34

1.31

+0.03

Calmar ratioReturn relative to maximum drawdown

2.34

3.29

-0.94

Martin ratioReturn relative to average drawdown

8.71

8.42

+0.29

MSTB vs. EINC - Sharpe Ratio Comparison

The current MSTB Sharpe Ratio is 1.84, which is comparable to the EINC Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of MSTB and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MSTB vs. EINC - Drawdown Comparison

The maximum MSTB drawdown since its inception was -25.64%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for MSTB and EINC.

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Drawdown Indicators

MSTBEINCDifference

Max Drawdown

Largest peak-to-trough decline

-25.64%

-87.55%

+61.91%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-7.89%

-0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-10.81%

-16.01%

+5.20%

Max Drawdown (5Y)

Largest decline over 5 years

-25.64%

-19.87%

-5.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-68.85%

—

Current Drawdown

Current decline from peak

-1.90%

-7.03%

+5.13%

Average Drawdown

Average peak-to-trough decline

-7.14%

-44.17%

+37.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.23%

3.07%

-0.84%

Volatility

MSTB vs. EINC - Volatility Comparison

The current volatility for LHA Market State Tactical Beta ETF (MSTB) is 3.79%, while VanEck Energy Income ETF (EINC) has a volatility of 6.15%. This indicates that MSTB experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MSTBEINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

6.15%

-2.36%

Volatility (6M)

Calculated over the trailing 6-month period

8.07%

11.83%

-3.76%

Volatility (1Y)

Calculated over the trailing 1-year period

10.60%

15.00%

-4.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.02%

19.55%

-5.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.86%

25.42%

-11.56%

MSTB vs. EINC - Expense Ratio Comparison

MSTB has a 1.40% expense ratio, which is higher than EINC's 0.45% expense ratio.

Dividends

MSTB vs. EINC - Dividend Comparison

MSTB's dividend yield for the trailing twelve months is around 0.38%, less than EINC's 3.61% yield.

PositionTTM20252024202320222021202020192018201720162015
EINC
VanEck Energy Income ETF		3.61%4.51%3.33%3.77%2.89%6.03%6.69%9.66%11.31%8.53%9.71%28.53%
MSTB
LHA Market State Tactical Beta ETF		0.38%0.41%0.95%0.16%1.34%2.20%1.78%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MSTB and EINC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EINC has higher volatility (6.15%) compared to MSTB (3.79%). In terms of maximum drawdown, MSTB dropped -25.64% vs EINC's -87.55%.

On 5-year performance, EINC leads with 20.89% vs 8.63% for MSTB. On fees, EINC is cheaper at 0.45% per year. On volatility, MSTB has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EINC has performed better with a 20.89% return vs 8.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EINC is cheaper with a 0.45% expense ratio, compared with 1.40% for MSTB.

EINC has the higher dividend yield at 3.61%, compared with 0.38% for MSTB.

MSTB is categorized as Equity Hedged, while EINC is Energy Equities. MSTB tracks S&P 500® Index, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Little Harbor Advisors and VanEck. Their fees differ too: 1.40% for MSTB and 0.45% for EINC.

MSTB currently has the higher Sharpe Ratio (1.84 vs 1.73), 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.

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