RULE vs. HNDL

Last updated Apr 1, 2026

Compare and contrast key facts about Adaptive Core ETF (RULE) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL).

RULE and HNDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RULE is an actively managed fund by Mohr Funds. It was launched on Nov 2, 2021. HNDL is a passively managed fund by Rational Capital LLC that tracks the performance of the NASDAQ 7 HANDL™ Index. It was launched on Jan 17, 2018.

Performance

RULE vs. HNDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptive Core ETF (RULE) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL). The values are adjusted to include any dividend payments, if applicable.

RULE vs. HNDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RULE Adaptive Core ETF	3.00%	4.60%	7.59%	6.29%	-22.87%	1.03%
HNDL Strategy Shares Nasdaq 7HANDL Index ETF	0.94%	10.76%	10.66%	13.28%	-19.12%	1.02%

Returns By Period

In the year-to-date period, RULE achieves a 3.00% return, which is significantly higher than HNDL's 0.94% return.

RULE

• 1D: 3.70%
• 1M: -8.05%
• YTD: 3.00%
• 6M: 3.43%
• 1Y: 14.51%
• 3Y*: 7.40%
• 5Y*: —
• 10Y*: —

HNDL

• 1D: 1.16%
• 1M: -3.65%
• YTD: 0.94%
• 6M: 1.53%
• 1Y: 11.10%
• 3Y*: 10.05%
• 5Y*: 4.47%
• 10Y*: —

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

RULE vs. HNDL - Expense Ratio Comparison

RULE has a 1.10% expense ratio, which is higher than HNDL's 0.97% expense ratio.

RULE

Adaptive Core ETF

HNDL

Strategy Shares Nasdaq 7HANDL Index ETF

Return for Risk

RULE vs. HNDL — Risk / Return Rank

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

RULE

RULE Risk / Return Rank: 42
RULE Sharpe Ratio Rank: 40
RULE Sortino Ratio Rank: 39
RULE Omega Ratio Rank: 37
RULE Calmar Ratio Rank: 44
RULE Martin Ratio Rank: 47

HNDL

HNDL Risk / Return Rank: 59
HNDL Sharpe Ratio Rank: 53
HNDL Sortino Ratio Rank: 55
HNDL Omega Ratio Rank: 61
HNDL Calmar Ratio Rank: 54
HNDL Martin Ratio Rank: 70

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.

RULE vs. HNDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptive Core ETF (RULE) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL). 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.

	RULE	HNDL	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.93	-0.17
Sortino ratio Return per unit of downside risk	1.14	1.39	-0.25
Omega ratio Gain probability vs. loss probability	1.15	1.22	-0.07
Calmar ratio Return relative to maximum drawdown	1.17	1.29	-0.12
Martin ratio Return relative to average drawdown	4.61	6.86	-2.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RULE vs. HNDL - Sharpe Ratio Comparison

The current RULE Sharpe Ratio is 0.76, which is comparable to the HNDL Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of RULE and HNDL, 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

	RULE	HNDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.93	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.48	-0.54

Correlation

The correlation between RULE and HNDL is 0.63, 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

RULE vs. HNDL - Dividend Comparison

RULE has not paid dividends to shareholders, while HNDL's dividend yield for the trailing twelve months is around 7.01%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
RULE Adaptive Core ETF	0.00%	0.00%	0.00%	2.01%	0.01%	0.00%	0.00%	0.00%	0.00%
HNDL Strategy Shares Nasdaq 7HANDL Index ETF	7.01%	6.86%	7.02%	6.78%	7.87%	6.86%	6.21%	5.27%	6.42%

Drawdowns

RULE vs. HNDL - Drawdown Comparison

The maximum RULE drawdown since its inception was -30.48%, which is greater than HNDL's maximum drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for RULE and HNDL.

Drawdown Indicators

	RULE	HNDL	Difference
Max Drawdown Largest peak-to-trough decline	-30.48%	-23.72%	-6.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.65%	-9.00%	-3.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.72%	—
Current Drawdown Current decline from peak	-9.41%	-3.75%	-5.66%
Average Drawdown Average peak-to-trough decline	-15.51%	-4.96%	-10.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	1.69%	+1.52%

Volatility

RULE vs. HNDL - Volatility Comparison

Adaptive Core ETF (RULE) has a higher volatility of 8.35% compared to Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) at 3.55%. This indicates that RULE's price experiences larger fluctuations and is considered to be riskier than HNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RULE	HNDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.35%	3.55%	+4.80%
Volatility (6M) Calculated over the trailing 6-month period	15.07%	5.58%	+9.49%
Volatility (1Y) Calculated over the trailing 1-year period	19.24%	12.02%	+7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	11.49%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	10.80%	+3.09%