SAPH vs. STRN
SAPH (ADRhedged SAP ETF) and STRN (SMART Trend ETF) are both Actively Managed funds. Both are actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. SAPH charges 0.19%/yr vs 0.59%/yr for STRN.
Performance
SAPH vs. STRN - Performance Comparison
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Returns By Period
In the year-to-date period, SAPH achieves a -19.27% return, which is significantly lower than STRN's 12.18% return.
SAPH
- 1D
- 3.32%
- 1M
- 19.22%
- 6M
- -15.81%
- YTD
- -19.27%
- 1Y
- -32.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.71%
STRN
- 1D
- -3.25%
- 1M
- -12.14%
- 6M
- 5.42%
- YTD
- 12.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.61K | $28.06K | $22.54K | |
STRN SMART Trend ETF | $226.09K | $345.87K | $328.83K |
SAPH vs. STRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SAPH ADRhedged SAP ETF | -19.27% | -11.49% |
STRN SMART Trend ETF | 12.18% | 10.48% |
Correlation
The correlation between SAPH and STRN is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | -0.04 |
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Return for Risk
SAPH vs. STRN — Risk / Return Rank
SAPH
STRN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAPH vs. STRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ADRhedged SAP ETF (SAPH) and SMART Trend ETF (STRN). 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.
| SAPH | STRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | — | — |
| Martin ratioReturn relative to average drawdown | -1.11 | — | — |
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Drawdowns
SAPH vs. STRN - Drawdown Comparison
The maximum SAPH drawdown since its inception was -51.72%, which is greater than STRN's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for SAPH and STRN.
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Drawdown Indicators
| SAPH | STRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.72% | -15.43% | -36.29% |
Max Drawdown (1Y)Largest decline over 1 year | -47.17% | — | — |
Current DrawdownCurrent decline from peak | -39.47% | -14.33% | -25.14% |
Average DrawdownAverage peak-to-trough decline | -23.11% | -3.24% | -19.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.05% | — | — |
Volatility
SAPH vs. STRN - Volatility Comparison
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Volatility by Period
| SAPH | STRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.36% | 26.95% | +10.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.48% | 26.95% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.48% | 26.95% | +8.53% |
SAPH vs. STRN - Expense Ratio Comparison
SAPH has a 0.19% expense ratio, which is lower than STRN's 0.59% expense ratio.
Dividends
SAPH vs. STRN - Dividend Comparison
SAPH's dividend yield for the trailing twelve months is around 3.46%, more than STRN's 0.16% yield.
| Position | TTM | 2025 |
|---|---|---|
SAPH ADRhedged SAP ETF | 3.46% | 0.00% |
STRN SMART Trend ETF | 0.16% | 0.18% |
Frequently Asked Questions
SAPH and STRN have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAPH is cheaper with a 0.19% expense ratio, compared with 0.59% for STRN.
SAPH has the higher dividend yield at 3.46%, compared with 0.16% for STRN.
They also come from different issuers: ADRhedged and SmartWay. Their fees differ too: 0.19% for SAPH and 0.59% for STRN.
Find the right allocation for SAPH and STRN
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