Sarmaya Thematic ETF (LENS) Performance
LENS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.8% since Dec 31, 2025
- 1 year
- +26.6% total return
- Since first price
- +74.6% since 2025
LENS trailing returns vs SPY, QQQ, AGG
| Period | LENS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.6% | −3.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.2% | +6.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.6% | −4.6% | +7.8% | +8.4% | −1.5% |
| YTD | +11.8% | +11.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +26.6% | +24.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 29, 2025 | +74.6% | +71.9% | — | — | — |
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: LENS vs SPY
From Jan 29, 2025: LENS grew to $17,458, SPY to $12,876.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LENS returns by calendar year
2026 is year to date.
LENS annual returns table
| Year | LENS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.8% | −24.6% | +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.
LENS largest drawdowns
Now 14.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 27, 2026 | −24.6% | Jun 24, 2026 | not yet | 4 months | 8 months so far |
| Jan 28, 2026 | −11.7% | Feb 5, 2026 | Feb 26, 2026 | 8 days | 29 days |
| Apr 1, 2025 | −11.6% | Apr 8, 2025 | Jun 2, 2025 | 7 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LENS risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +38.5% |
| Volatility (annualized) | 28.0% |
| Sharpe ratio | 1.17 |
| Sortino ratio | 2.28 |
| Best month | +15.6% |
| Worst month | −12.0% |
| Best 12 months | +105.0% |
| Worst 12 months | +29.3% |
| Positive months | 60% |
| 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.
LENS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | +28.4% | +62.4% | +105.0% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
LENS performance overview
Sarmaya Thematic ETF (LENS) returned +26.6% over the past year, with distributions reinvested. Since its first recorded price on Jan 29, 2025 it has returned +74.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.6%, from Feb 27, 2026 to Jun 24, 2026; the fund has not yet regained that high. Volatility has been 28.0% a year.
Related: LENS chart, LENS holdings, LENS dividends. See the LENS overview for the latest quote and fund facts.
LENS performance FAQ
What is the LENS return over the past year?
LENS returned +26.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 24.7%.
How much would $10,000 invested in LENS be worth?
$10,000 invested in LENS at its first recorded close on January 29, 2025 would be worth about $17,458 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of LENS?
The largest peak-to-trough decline was −24.6% between February 27, 2026 and June 24, 2026. It has not yet recovered to that high; it is 14.8% below its peak.
How volatile is LENS?
Over the past history LENS had an annualized volatility of 28.0% and a Sharpe ratio of 1.17 (excess return over 1–3 month T-bills per unit of risk).