AdvisorShares ETF (HVAC) Performance
HVAC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.4% since Dec 31, 2025
- 1 year
- −6.1% total return
- Since first price
- +19.9% since 2025
HVAC trailing returns vs SPY, QQQ, AGG
| Period | HVAC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.4% | −12.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −20.2% | −20.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −25.3% | −25.3% | +7.8% | +8.4% | −1.5% |
| YTD | −3.4% | −3.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −6.1% | −6.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 4, 2025 | +19.9% | +19.6% | — | — | — |
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: HVAC vs SPY
From Feb 4, 2025: HVAC grew to $11,987, SPY to $12,877.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HVAC returns by calendar year
2026 is year to date.
HVAC annual returns table
| Year | HVAC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.4% | −30.7% | +12.3% | +15.1% | −1.0% |
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.
HVAC largest drawdowns
Now 30.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 22, 2026 | −30.7% | Oct 23, 2026 | not yet | 4 months | 4 months so far |
| Feb 5, 2025 | −21.2% | Apr 8, 2025 | May 12, 2025 | 2 months | 3 months |
| Feb 25, 2026 | −14.8% | Mar 30, 2026 | Apr 13, 2026 | 33 days | 47 days |
| May 6, 2026 | −11.5% | Jun 10, 2026 | Jun 22, 2026 | 35 days | 47 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HVAC risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +26.9% |
| Volatility (annualized) | 28.6% |
| Sharpe ratio | 0.84 |
| Sortino ratio | 1.40 |
| Best month | +16.7% |
| Worst month | −17.0% |
| Best 12 months | +73.2% |
| Worst 12 months | +9.5% |
| Positive months | 63% |
| 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.
HVAC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | −9.5% | +52.4% | +73.2% | 89% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
HVAC performance overview
AdvisorShares ETF (HVAC) returned −6.1% over the past year, with distributions reinvested. Since its first recorded price on Feb 4, 2025 it has returned +19.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −30.7%, from Jun 22, 2026 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 28.6% a year.
Related: HVAC chart, HVAC holdings, HVAC dividends, HVAC valuation. See the HVAC overview for the latest quote and fund facts.
HVAC performance FAQ
What is the HVAC return over the past year?
HVAC returned −6.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.3%.
How much would $10,000 invested in HVAC be worth?
$10,000 invested in HVAC at its first recorded close on February 4, 2025 would be worth about $11,987 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of HVAC?
The largest peak-to-trough decline was −30.7% between June 22, 2026 and October 23, 2026. It has not yet recovered to that high; it is 30.7% below its peak.
How volatile is HVAC?
Over the past history HVAC had an annualized volatility of 28.6% and a Sharpe ratio of 0.84 (excess return over 1–3 month T-bills per unit of risk).