SNAV vs. RULE

Last updated Jun 4, 2026

SNAV (Mohr Sector Nav ETF) and RULE (Adaptive Core ETF) are both exchange-traded funds - SNAV is a Large Cap Blend Equities fund actively managed by Mohr Funds, while RULE is a Diversified Portfolio fund actively managed by Mohr Funds. Both are actively managed. Over the past 3 years, SNAV returned 15.57%/yr vs 20.38%/yr for RULE. A 0.78 correlation means they provide meaningful diversification when combined. SNAV charges 1.30%/yr vs 1.10%/yr for RULE.

Performance

SNAV vs. RULE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Sector Nav ETF (SNAV) and Adaptive Core ETF (RULE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAV achieves a 11.57% return, which is significantly lower than RULE's 45.39% return.

SNAV

• 1D: -0.67%
• 1M: 6.93%
• YTD: 11.57%
• 6M: 11.36%
• 1Y: 25.19%
• 3Y*: 15.57%
• 5Y*: —
• 10Y*: —

RULE

• 1D: 0.66%
• 1M: 21.60%
• YTD: 45.39%
• 6M: 45.86%
• 1Y: 52.19%
• 3Y*: 20.38%
• 5Y*: —
• 10Y*: —

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

SNAV vs. RULE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SNAV Mohr Sector Nav ETF	11.57%	15.54%	11.11%	12.25%
RULE Adaptive Core ETF	45.39%	4.60%	7.59%	6.32%

Correlation

The correlation between SNAV and RULE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023	0.78

The correlation between SNAV and RULE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

SNAV vs. RULE - Sectors Allocation Comparison

Sectors	SNAV	RULE
Technology	38.4%	54.4%
Financial Services	16.5%	5.7%
Healthcare	14.5%	6.4%
Industrials	6.6%	13.2%
Consumer Cyclical	6.5%	3.2%
Communication Services	5.8%	5.0%
Consumer Defensive	3.4%	0.8%
Energy	2.4%	2.4%
Utilities	2.2%	0.0%
Real Estate	2.1%	0.0%
Basic Materials	1.6%	9.0%

Return for Risk

SNAV vs. RULE — Risk / Return Rank

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

SNAV

SNAV Risk / Return Rank: 74
SNAV Sharpe Ratio Rank: 74
SNAV Sortino Ratio Rank: 72
SNAV Omega Ratio Rank: 72
SNAV Calmar Ratio Rank: 78
SNAV Martin Ratio Rank: 75

RULE

RULE Risk / Return Rank: 79
RULE Sharpe Ratio Rank: 80
RULE Sortino Ratio Rank: 77
RULE Omega Ratio Rank: 76
RULE Calmar Ratio Rank: 80
RULE Martin Ratio Rank: 83

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.

SNAV vs. RULE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Sector Nav ETF (SNAV) and Adaptive Core ETF (RULE). 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.

	SNAV	RULE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.59	-0.21
Sortino ratio: Return per unit of downside risk	3.21	3.47	-0.26
Omega ratio: Gain probability vs. loss probability	1.42	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	3.92	4.15	-0.22
Martin ratio: Return relative to average drawdown	14.09	16.93	-2.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNAV vs. RULE - Sharpe Ratio Comparison

The current SNAV Sharpe Ratio is 2.37, which is comparable to the RULE Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of SNAV and RULE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNAV	RULE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.59	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.47	+0.64

Drawdowns

SNAV vs. RULE - Drawdown Comparison

The maximum SNAV drawdown since its inception was -16.61%, smaller than the maximum RULE drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for SNAV and RULE.

Drawdown Indicators

	SNAV	RULE	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-30.48%	+13.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-12.65%	+6.20%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	-20.21%	+3.60%
Current Drawdown Current decline from peak	-0.67%	0.00%	-0.67%
Average Drawdown Average peak-to-trough decline	-2.51%	-14.98%	+12.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	3.09%	-1.30%

Volatility

SNAV vs. RULE - Volatility Comparison

The current volatility for Mohr Sector Nav ETF (SNAV) is 3.12%, while Adaptive Core ETF (RULE) has a volatility of 9.59%. This indicates that SNAV experiences smaller price fluctuations and is considered to be less risky than RULE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNAV	RULE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	9.59%	-6.47%
Volatility (6M) Calculated over the trailing 6-month period	7.28%	17.54%	-10.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.68%	20.25%	-9.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.64%	14.83%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.64%	14.83%	-1.19%

SNAV vs. RULE - Expense Ratio Comparison

SNAV has a 1.30% expense ratio, which is higher than RULE's 1.10% expense ratio.

Dividends

SNAV vs. RULE - Dividend Comparison

Neither SNAV nor RULE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
RULE Adaptive Core ETF	0.00%	0.00%	0.00%	2.01%	0.01%
SNAV Mohr Sector Nav ETF	0.00%	0.00%	0.94%	3.29%	0.00%

Frequently Asked Questions

Can I hold both SNAV and RULE in my portfolio?

SNAV and RULE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNAV or RULE?

RULE has higher volatility (9.59%) compared to SNAV (3.12%). In terms of maximum drawdown, SNAV dropped -16.61% vs RULE's -30.48%.

Which ETF is better, SNAV or RULE?

On 3-year performance, RULE leads with 20.38% vs 15.57% for SNAV. On fees, RULE is cheaper at 1.10% per year. On volatility, SNAV has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNAV or RULE?

Over the 3-year period, RULE has performed better with a 20.38% return vs 15.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNAV or RULE?

RULE is cheaper with a 1.10% expense ratio, compared with 1.30% for SNAV.

Which ETF pays a higher dividend yield, SNAV or RULE?

SNAV and RULE have nearly identical dividend yields, around 0.00%.

What is the main difference between SNAV and RULE?

SNAV is categorized as Large Cap Blend Equities, while RULE is Diversified Portfolio. Their fees differ too: 1.30% for SNAV and 1.10% for RULE.

Which has better risk-adjusted returns?

RULE currently has the higher Sharpe Ratio (2.59 vs 2.37), 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.