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ETFs

LHA Market State Tactical Beta ETF

MSTB
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 30, 2020
Expense Ratio
1.26%
Type
US Equities
Fund Owner
Little Harbor Advisors
Volume (1m avg. daily)
$520,370
AUM
$121,504,762
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
74.28%
—
UNITED STATES TREAS BILLS 02/01/2024
19.14%
—
UNITED STATES TREAS BILLS 02/15/2024
7.6%
—
SPDR S&P CLL OPT 09/23 437
-0.04%
—
Cash & Other
-1.02%
—
Derivatives offset
-21.16%
Invest with MSTB
Trade MSTB Options

What is MSTB?

The LHA Market State Tactical Beta ETF (Ticker Symbol: MSTB) seeks long-term out-performance relative to the large-capitalization U.S. equity market. The Fund is an actively-managed exchange-traded fund ( ETF ) and seeks to achieve its objective principally by investing long or short in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500 Index based on models and analyses, described below, that seek to estimate the direction of the S&P 500 Index. Such instruments may include index-based and other actively-managed ETFs and exchange-traded notes ( ETNs ) with long or short exposure to the S&P 500 Index, U.S. Treasury securities, or the VIX Index; securities issued by the U.S. government or its agencies or instrumentalities; and options and futures contracts on the S&P 500 Index or VIX Index. The Fund may also invest the remainder of its portfolio directly or indirectly in cash and cash equivalents.

1M
3M
6M
YTD
1Y
3Y
Max
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MSTB
Performance Measures**

for the time period Sep 30, 2020 to Dec 4, 2025

Returns

1M Trailing Return: -0.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -25.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 14.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.80

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.42

The annualized return divided by the max drawdown for the selected time period.

ETFs related toMSTB

ETFs correlated to MSTB include MGC, IWL, VV

MSTB
ETF Series Solutions Trust - LHA Market State Tactical Beta ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MSTB is a US Equities ETF. The LHA Market State Tactical Beta ETF (Ticker Symbol: MSTB) seeks long-term out-performance relative to the large-capitalization U.S. equity market. The Fund is an actively-managed exchange-traded fund ( ETF ) and seeks to achieve its objective principally by investing long or short in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500 Index based on models and analyses, described below, that seek to estimate the direction of the S&P 500 Index. Such instruments may include index-based and other actively-managed ETFs and exchange-traded notes ( ETNs ) with long or short exposure to the S&P 500 Index, U.S. Treasury securities, or the VIX Index; securities issued by the U.S. government or its agencies or instrumentalities; and options and futures contracts on the S&P 500 Index or VIX Index. The Fund may also invest the remainder of its portfolio directly or indirectly in cash and cash equivalents.

Yes, MSTB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MSTB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MSTB is -0.0186%. This is the percent change in the value of MSTB over the most recent 1-month period. The 3-month return on MSTB is -0.0091%. This is the percent change in the value of MSTB over the most recent 3-month period.

The standard deviation of MSTB for the past year is 0.1488%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MSTB include PKW, VIXY, and XYLD.

ETFs correlated to MSTB include MGC, IWL, and VV.

ETFs that are inversely correlated to MSTB include SDS, SPXS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.