NANC vs. EPD

Last updated Jun 16, 2026

NANC (Unusual Whales Subversive Democratic Trading ETF) is Large Cap Blend Equities fund actively managed by Subversive, while EPD (Enterprise Products Partners L.P.) is a stock. Over the past 3 years, NANC returned 22.64%/yr vs 19.46%/yr for EPD. At a 0.18 correlation, their price movements are largely independent.

Performance

NANC vs. EPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unusual Whales Subversive Democratic Trading ETF (NANC) and Enterprise Products Partners L.P. (EPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NANC achieves a 10.22% return, which is significantly lower than EPD's 17.38% return.

NANC

• 1D: 2.12%
• 1M: 3.76%
• YTD: 10.22%
• 6M: 10.78%
• 1Y: 26.20%
• 3Y*: 22.64%
• 5Y*: —
• 10Y*: —

EPD

• 1D: -2.01%
• 1M: -6.96%
• YTD: 17.38%
• 6M: 16.47%
• 1Y: 21.58%
• 3Y*: 19.46%
• 5Y*: 15.50%
• 10Y*: 10.34%

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

NANC vs. EPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NANC Unusual Whales Subversive Democratic Trading ETF	10.22%	18.54%	26.83%	22.81%
EPD Enterprise Products Partners L.P.	17.38%	9.45%	28.00%	7.93%

Correlation

The correlation between NANC and EPD is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023	0.18

The correlation between NANC and EPD shifts across timeframes, from -0.10 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NANC vs. EPD — Risk / Return Rank

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

NANC

NANC Risk / Return Rank: 57
NANC Sharpe Ratio Rank: 61
NANC Sortino Ratio Rank: 60
NANC Omega Ratio Rank: 60
NANC Calmar Ratio Rank: 48
NANC Martin Ratio Rank: 55

EPD

EPD Risk / Return Rank: 79
EPD Sharpe Ratio Rank: 80
EPD Sortino Ratio Rank: 76
EPD Omega Ratio Rank: 74
EPD Calmar Ratio Rank: 81
EPD Martin Ratio Rank: 85

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.

NANC vs. EPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Democratic Trading ETF (NANC) and Enterprise Products Partners L.P. (EPD). 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.

	NANC	EPD	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.35	+0.49
Sortino ratio: Return per unit of downside risk	2.53	1.98	+0.54
Omega ratio: Gain probability vs. loss probability	1.33	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	2.16	2.61	-0.46
Martin ratio: Return relative to average drawdown	8.74	8.44	+0.31

NANC vs. EPD - Sharpe Ratio Comparison

The current NANC Sharpe Ratio is 1.84, which is higher than the EPD Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of NANC and EPD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NANC vs. EPD - Drawdown Comparison

The maximum NANC drawdown since its inception was -20.94%, smaller than the maximum EPD drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for NANC and EPD.

Drawdown Indicators

	NANC	EPD	Difference
Max Drawdown Largest peak-to-trough decline	-20.94%	-58.78%	+37.84%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-8.29%	-3.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	-15.40%	-5.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.04%	—
Current Drawdown Current decline from peak	-0.68%	-8.29%	+7.61%
Average Drawdown Average peak-to-trough decline	-2.67%	-10.22%	+7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.63%	+0.37%

Volatility

NANC vs. EPD - Volatility Comparison

Unusual Whales Subversive Democratic Trading ETF (NANC) and Enterprise Products Partners L.P. (EPD) have volatilities of 5.79% and 5.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NANC	EPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	5.65%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	13.45%	-1.99%
Volatility (1Y) Calculated over the trailing 1-year period	14.35%	16.06%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	17.26%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	24.16%	-7.29%

Dividends

NANC vs. EPD - Dividend Comparison

NANC's dividend yield for the trailing twelve months is around 0.19%, less than EPD's 6.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPD Enterprise Products Partners L.P.	6.00%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
NANC Unusual Whales Subversive Democratic Trading ETF	0.19%	0.21%	0.20%	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NANC and EPD in my portfolio?

NANC and EPD 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 is riskier, NANC or EPD?

NANC has higher volatility (5.79%) compared to EPD (5.65%). In terms of maximum drawdown, NANC dropped -20.94% vs EPD's -58.78%.

Which has better risk-adjusted returns?

NANC currently has the higher Sharpe Ratio (1.84 vs 1.35), 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.