Cultivar ETF (CVAR) Performance
CVAR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.9% since Dec 31, 2025
- 1 year
- +13.9% total return
- 3 years
- +16.2% a year
- Since first price
- +7.9% a year since 2021
CVAR trailing returns vs SPY, QQQ, AGG
| Period | CVAR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.7% | +5.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +11.5% | +11.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.9% | +11.9% | +7.8% | +8.4% | −1.5% |
| YTD | +13.9% | +13.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.9% | +12.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +56.9%+16.2%/yr | +47.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 23, 2021 | +44.3%+7.9%/yr | +28.2% | — | — | — |
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: CVAR vs SPY
From Dec 23, 2021: CVAR grew to $14,426, SPY to $17,206.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CVAR returns by calendar year
3 of 4 full years positive. Best 2025 (+14.9%), worst 2022 (−5.0%). 2026 is year to date.
CVAR annual returns table
| Year | CVAR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.9% | −8.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.9% | −11.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.1% | −7.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.7% | −18.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.0% | −19.4% | −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.
CVAR largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 20, 2022 | −19.4% | Sep 27, 2022 | Feb 1, 2023 | 5 months | 9 months |
| Feb 2, 2023 | −18.7% | Oct 27, 2023 | Jul 16, 2024 | 9 months | 1.5 years |
| Dec 2, 2024 | −13.5% | Apr 8, 2025 | Jul 1, 2025 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CVAR risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +11.6% | +6.2% |
| Volatility (annualized) | 13.7% | 15.9% |
| Sharpe ratio | 0.55 | 0.22 |
| Sortino ratio | 0.87 | 0.32 |
| Best month | +9.3% | +11.9% |
| Worst month | −7.2% | −8.2% |
| Best 12 months | +24.4% | +24.4% |
| Worst 12 months | +2.0% | −7.2% |
| Positive months | 61% | 58% |
| Beta vs S&P 500 | 0.61 | — |
| Correlation with S&P 500 | 0.56 | — |
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.
CVAR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 47 | −7.2% | +7.5% | +24.4% | 85% |
| 3-year (a year) | 23 | +2.7% | +7.9% | +16.8% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
CVAR performance overview
Cultivar ETF (CVAR) returned +13.9% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned +7.9% a year, turning $10,000 into about $14,426. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.4%, from Apr 20, 2022 to Sep 27, 2022, and it took 4 months to get back to the old high. CVAR finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+14.9%) and the worst 2022 (−5.0%). Volatility has been 15.9% a year.
Related: CVAR chart, CVAR holdings, CVAR dividends, CVAR valuation. See the CVAR overview for the latest quote and fund facts.
CVAR performance FAQ
What is the CVAR return over the past year?
CVAR returned +13.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.2%.
How much would $10,000 invested in CVAR be worth?
$10,000 invested in CVAR at its first recorded close on December 23, 2021 would be worth about $14,426 on October 23, 2026 with distributions reinvested.
What was the worst year for CVAR?
The worst calendar year was 2022, with a total return of −5.0%. The best was 2025 at +14.9%.
What is the biggest drawdown of CVAR?
The largest peak-to-trough decline was −19.4% between April 20, 2022 and September 27, 2022. It recovered to the old high on February 1, 2023, 4 months after the bottom.
How volatile is CVAR?
Over the past 3 years CVAR had an annualized volatility of 13.7% and a Sharpe ratio of 0.55 (excess return over 1–3 month T-bills per unit of risk).