SAPH vs. TOT

Last updated Jul 30, 2026

SAPH (ADRhedged SAP ETF) and TOT (LionShares U.S. Equity Total Return ETF) are both Actively Managed funds. Both are actively managed. Their 0.03 correlation means their historical movements had little consistent relationship. SAPH charges 0.19%/yr vs 0.07%/yr for TOT.

Performance

SAPH vs. TOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ADRhedged SAP ETF (SAPH) and LionShares U.S. Equity Total Return ETF (TOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SAPH

• 1D: 3.32%
• 1M: 19.22%
• 6M: -15.81%
• YTD: -19.27%
• 1Y: -32.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -20.71%

TOT

• 1D: -1.55%
• 1M: -1.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SAPH ADRhedged SAP ETF	$30.61K	$28.06K	$22.54K
TOT LionShares U.S. Equity Total Return ETF	$11.96K	$10.63K	$29.27K

SAPH vs. TOT - Yearly Performance Comparison

	2026 (YTD)
SAPH ADRhedged SAP ETF	7.39%
TOT LionShares U.S. Equity Total Return ETF	-2.08%

Correlation

The correlation between SAPH and TOT is 0.03, 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 May 26, 2026	0.03

Return for Risk

SAPH vs. TOT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SAPH

SAPH Risk / Return Rank: 3
SAPH Sharpe Ratio Rank: 2
SAPH Sortino Ratio Rank: 3
SAPH Omega Ratio Rank: 2
SAPH Calmar Ratio Rank: 4
SAPH Martin Ratio Rank: 4

TOT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SAPH vs. TOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ADRhedged SAP ETF (SAPH) and LionShares U.S. Equity Total Return ETF (TOT). 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	TOT	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	—	—
Sortino ratio: Return per unit of downside risk	-1.15	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.69	—	—
Martin ratio: Return relative to average drawdown	-1.11	—	—

Drawdowns

SAPH vs. TOT - Drawdown Comparison

The maximum SAPH drawdown since its inception was -51.72%, which is greater than TOT's maximum drawdown of -4.26%. Use the drawdown chart below to compare losses from any high point for SAPH and TOT.

Drawdown Indicators

	SAPH	TOT	Difference
Max Drawdown Largest peak-to-trough decline	-51.72%	-4.26%	-47.46%
Max Drawdown (1Y) Largest decline over 1 year	-47.17%	—	—
Current Drawdown Current decline from peak	-39.47%	-3.52%	-35.95%
Average Drawdown Average peak-to-trough decline	-23.11%	-1.48%	-21.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.05%	—	—

Volatility

Volatility by Period

	SAPH	TOT	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%	13.32%	+24.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.48%	13.32%	+22.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.48%	13.32%	+22.16%

SAPH vs. TOT - Expense Ratio Comparison

SAPH has a 0.19% expense ratio, which is higher than TOT's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SAPH vs. TOT - Dividend Comparison

SAPH's dividend yield for the trailing twelve months is around 3.46%, while TOT has not paid dividends to shareholders.

Position	TTM
SAPH ADRhedged SAP ETF	3.46%
TOT LionShares U.S. Equity Total Return ETF	0.00%

Frequently Asked Questions

Can I hold both SAPH and TOT in my portfolio?

SAPH and TOT have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SAPH or TOT?

On fees, TOT is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SAPH or TOT?

TOT is cheaper with a 0.07% expense ratio, compared with 0.19% for SAPH.

Which ETF pays a higher dividend yield, SAPH or TOT?

SAPH has the higher dividend yield at 3.46%, compared with 0.00% for TOT.

What is the main difference between SAPH and TOT?

They also come from different issuers: ADRhedged and LionShares. Their fees differ too: 0.19% for SAPH and 0.07% for TOT.