MSTB vs. RMIF

Last updated Apr 1, 2026

Compare and contrast key facts about LHA Market State Tactical Beta ETF (MSTB) and LHA Risk-Managed Income ETF (RMIF).

MSTB and RMIF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTB is a passively managed fund by Little Harbor Advisors that tracks the performance of the S&P 500® Index. It was launched on Sep 29, 2020. RMIF is an actively managed fund by Little Harbor Advisors. It was launched on Jun 8, 2023.

Performance

MSTB vs. RMIF - Performance Comparison

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

MSTB vs. RMIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSTB LHA Market State Tactical Beta ETF	-4.06%	18.57%	18.82%	8.02%
RMIF LHA Risk-Managed Income ETF	-1.49%	4.36%	7.00%	4.16%

Returns By Period

In the year-to-date period, MSTB achieves a -4.06% return, which is significantly lower than RMIF's -1.49% return.

MSTB

• 1D: 2.06%
• 1M: -4.32%
• YTD: -4.06%
• 6M: -3.31%
• 1Y: 19.00%
• 3Y*: 14.50%
• 5Y*: 6.74%
• 10Y*: —

RMIF

• 1D: 0.41%
• 1M: -1.27%
• YTD: -1.49%
• 6M: -0.40%
• 1Y: 2.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTB vs. RMIF - Expense Ratio Comparison

MSTB has a 1.40% expense ratio, which is higher than RMIF's 1.38% expense ratio.

MSTB

LHA Market State Tactical Beta ETF

RMIF

LHA Risk-Managed Income ETF

Return for Risk

MSTB vs. RMIF — Risk / Return Rank

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

MSTB

MSTB Risk / Return Rank: 82
MSTB Sharpe Ratio Rank: 81
MSTB Sortino Ratio Rank: 84
MSTB Omega Ratio Rank: 79
MSTB Calmar Ratio Rank: 82
MSTB Martin Ratio Rank: 83

RMIF

RMIF Risk / Return Rank: 42
RMIF Sharpe Ratio Rank: 46
RMIF Sortino Ratio Rank: 38
RMIF Omega Ratio Rank: 44
RMIF Calmar Ratio Rank: 42
RMIF Martin Ratio Rank: 40

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. RMIF - Risk-Adjusted Trends Comparison

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

	MSTB	RMIF	Difference
Sharpe ratio Return per unit of total volatility	1.57	0.85	+0.72
Sortino ratio Return per unit of downside risk	2.22	1.11	+1.10
Omega ratio Gain probability vs. loss probability	1.30	1.18	+0.13
Calmar ratio Return relative to maximum drawdown	2.36	1.10	+1.26
Martin ratio Return relative to average drawdown	9.27	3.82	+5.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTB vs. RMIF - Sharpe Ratio Comparison

The current MSTB Sharpe Ratio is 1.57, which is higher than the RMIF Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of MSTB and RMIF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSTB	RMIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	0.85	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.91	-1.24

Correlation

The correlation between MSTB and RMIF is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSTB vs. RMIF - Dividend Comparison

MSTB's dividend yield for the trailing twelve months is around 0.43%, less than RMIF's 5.63% yield.

	TTM	2025	2024	2023	2022	2021	2020
MSTB LHA Market State Tactical Beta ETF	0.43%	0.41%	0.95%	0.16%	1.34%	2.20%	1.78%
RMIF LHA Risk-Managed Income ETF	5.63%	5.70%	6.61%	3.70%	0.00%	0.00%	0.00%

Drawdowns

MSTB vs. RMIF - Drawdown Comparison

The maximum MSTB drawdown since its inception was -25.64%, which is greater than RMIF's maximum drawdown of -3.01%. Use the drawdown chart below to compare losses from any high point for MSTB and RMIF.

Drawdown Indicators

	MSTB	RMIF	Difference
Max Drawdown Largest peak-to-trough decline	-25.64%	-3.01%	-22.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-2.37%	-5.94%
Max Drawdown (5Y) Largest decline over 5 years	-25.64%	—	—
Current Drawdown Current decline from peak	-6.43%	-1.95%	-4.48%
Average Drawdown Average peak-to-trough decline	-7.38%	-0.31%	-7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	0.68%	+1.44%

Volatility

MSTB vs. RMIF - Volatility Comparison

LHA Market State Tactical Beta ETF (MSTB) has a higher volatility of 3.58% compared to LHA Risk-Managed Income ETF (RMIF) at 1.56%. This indicates that MSTB's price experiences larger fluctuations and is considered to be riskier than RMIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTB	RMIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	1.56%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	8.00%	2.19%	+5.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	3.15%	+9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	2.62%	+11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	2.62%	+11.32%