Even Herd Long Short ETF (EHLS) Performance
EHLS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.2% since Dec 31, 2025
- 1 year
- +4.3% total return
- Since first price
- +24.1% since 2024
EHLS trailing returns vs SPY, QQQ, AGG
| Period | EHLS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.3% | −4.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.8% | −6.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.5% | −6.5% | +7.8% | +8.4% | −1.5% |
| YTD | +4.2% | +4.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.3% | +4.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 2, 2024 | +24.1% | +22.9% | — | — | — |
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: EHLS vs SPY
From Apr 2, 2024: EHLS grew to $12,407, SPY to $15,080.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EHLS returns by calendar year
1 of 1 full years positive. Best 2025 (+6.7%), worst 2025 (+6.7%). 2026 is year to date.
EHLS annual returns table
| Year | EHLS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.2% | −11.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.7% | −19.0% | +17.7% | +20.8% | +7.2% |
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.
EHLS largest drawdowns
Now 11.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 10, 2025 | −19.0% | Apr 4, 2025 | Sep 22, 2025 | 53 days | 7 months |
| May 28, 2024 | −12.8% | Aug 5, 2024 | Oct 14, 2024 | 2 months | 5 months |
| May 26, 2026 | −11.7% | Oct 22, 2026 | not yet | 5 months | 5 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EHLS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +12.2% |
| Volatility (annualized) | 14.6% |
| Sharpe ratio | 0.58 |
| Sortino ratio | 0.96 |
| Best month | +9.8% |
| Worst month | −6.8% |
| Best 12 months | +26.4% |
| Worst 12 months | +2.0% |
| Positive months | 55% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
EHLS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 19 | +2.0% | +13.2% | +26.4% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
EHLS performance overview
Even Herd Long Short ETF (EHLS) returned +4.3% over the past year, with distributions reinvested. Since its first recorded price on Apr 2, 2024 it has returned +24.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.0%, from Feb 10, 2025 to Apr 4, 2025, and it took 6 months to get back to the old high. Volatility has been 14.6% a year.
Related: EHLS chart. See the EHLS overview for the latest quote and fund facts.
EHLS performance FAQ
What is the EHLS return over the past year?
EHLS returned +4.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.3%.
How much would $10,000 invested in EHLS be worth?
$10,000 invested in EHLS at its first recorded close on April 2, 2024 would be worth about $12,407 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of EHLS?
The largest peak-to-trough decline was −19.0% between February 10, 2025 and April 4, 2025. It recovered to the old high on September 22, 2025, 6 months after the bottom.
How volatile is EHLS?
Over the past history EHLS had an annualized volatility of 14.6% and a Sharpe ratio of 0.58 (excess return over 1–3 month T-bills per unit of risk).