MicroSectors Solactive FANG & Innovation -3X… (BERZ) Performance
BERZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −62.7% since Dec 31, 2025
- 1 year
- −65.9% total return
- 5 years
- −65.3% a year
- Since first price
- −65.3% a year since 2021
BERZ trailing returns vs SPY, QQQ, AGG
| Period | BERZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +31.9% | +31.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −21.3% | −21.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −45.6% | −45.6% | +7.8% | +8.4% | −1.5% |
| YTD | −62.7% | −62.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −65.9% | −65.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −98.6%−75.7%/yr | −98.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −99.5%−65.3%/yr | −99.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 18, 2021 | −99.6%−65.3%/yr | −99.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BERZ vs SPY
From Aug 18, 2021: BERZ grew to $41, SPY to $18,561.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BERZ returns by calendar year
1 of 4 full years positive. Best 2022 (+102.9%), worst 2023 (−89.1%). 2026 is year to date.
BERZ annual returns table
| Year | BERZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −62.7% | −80.6% | +12.3% | +15.1% | −1.0% |
| 2025 | −78.8% | −89.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −66.0% | −75.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −89.1% | −89.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +102.9% | −56.4% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BERZ largest drawdowns
Now 99.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 14, 2022 | −99.8% | Sep 22, 2026 | not yet | 3.9 years | 4.0 years so far |
| Jun 16, 2022 | −56.4% | Aug 15, 2022 | Oct 11, 2022 | 2 months | 4 months |
| Mar 14, 2022 | −49.8% | Mar 29, 2022 | Apr 26, 2022 | 15 days | 43 days |
| Oct 4, 2021 | −38.3% | Nov 19, 2021 | Jan 21, 2022 | 46 days | 4 months |
| May 11, 2022 | −36.0% | Jun 2, 2022 | Jun 13, 2022 | 22 days | 33 days |
| Jan 27, 2022 | −26.4% | Feb 1, 2022 | Feb 22, 2022 | 5 days | 26 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BERZ risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | −77.6% | −67.9% | −66.5% |
| Volatility (annualized) | 63.6% | 82.8% | 82.6% |
| Sharpe ratio | -1.92 | -0.94 | -0.89 |
| Sortino ratio | -1.81 | -1.16 | -1.11 |
| Best month | +21.2% | +73.7% | +73.7% |
| Worst month | −50.1% | −50.1% | −50.1% |
| Best 12 months | −38.1% | +102.9% | +102.9% |
| Worst 12 months | −87.5% | −89.1% | −89.1% |
| Positive months | 31% | 37% | 38% |
| Beta vs S&P 500 | -4.06 | -4.49 | — |
| Correlation with S&P 500 | -0.79 | -0.85 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BERZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 51 | −89.1% | −75.6% | +102.9% | 10% |
| 3-year (a year) | 27 | −80.8% | −74.7% | −54.4% | 0% |
| 5-year (a year) | 3 | −67.9% | −65.8% | −64.5% | 0% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
BERZ performance overview
MicroSectors Solactive FANG & Innovation -3X… (BERZ) returned −65.9% over the past year and −65.3% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −65.3% a year, turning $10,000 into about $41. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.8%, from Oct 14, 2022 to Sep 22, 2026; the fund has not yet regained that high. BERZ finished 1 of its 4 full calendar years with a gain; the best year was 2022 (+102.9%) and the worst 2023 (−89.1%). Volatility has been 82.6% a year.
Related: BERZ chart, BERZ holdings, BERZ valuation. See the BERZ overview for the latest quote and fund facts.
BERZ performance FAQ
What is the BERZ return over the past year?
BERZ returned −65.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 65.9%.
What is the average annual return of BERZ?
BERZ has returned −65.3% a year over 5 years, −65.3% a year since August 18, 2021 (total return, distributions reinvested).
How much would $10,000 invested in BERZ be worth?
$10,000 invested in BERZ at its first recorded close on August 18, 2021 would be worth about $41 on October 23, 2026 with distributions reinvested.
What was the worst year for BERZ?
The worst calendar year was 2023, with a total return of −89.1%. The best was 2022 at +102.9%.
What is the biggest drawdown of BERZ?
The largest peak-to-trough decline was −99.8% between October 14, 2022 and September 22, 2026. It has not yet recovered to that high; it is 99.8% below its peak.
How volatile is BERZ?
Over the past 3 years BERZ had an annualized volatility of 63.6% and a Sharpe ratio of -1.92 (excess return over 1–3 month T-bills per unit of risk).