Spinnaker ETF Series (LGHT) Performance
LGHT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.4% since Dec 31, 2025
- 1 year
- +4.5% total return
- Since first price
- +9.4% since 2024
LGHT trailing returns vs SPY, QQQ, AGG
| Period | LGHT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.3% | +8.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +36.3% | +36.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +28.9% | +28.9% | +7.8% | +8.4% | −1.5% |
| YTD | +11.4% | +11.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.5% | +4.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 10, 2024 | +9.4% | +9.4% | — | — | — |
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: LGHT vs SPY
From Jan 10, 2024: LGHT grew to $10,935, SPY to $16,469.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LGHT returns by calendar year
0 of 1 full years positive. Best 2025 (−1.7%), worst 2025 (−1.7%). 2026 is year to date.
LGHT annual returns table
| Year | LGHT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.4% | −24.4% | +12.3% | +15.1% | −1.0% |
| 2025 | −1.7% | −21.4% | +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.
LGHT largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 30, 2025 | −28.6% | May 15, 2026 | Oct 15, 2026 | 1.3 years | 1.7 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LGHT risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +1.9% |
| Volatility (annualized) | 17.8% |
| Sharpe ratio | -0.05 |
| Sortino ratio | -0.08 |
| Best month | +18.0% |
| Worst month | −10.6% |
| Best 12 months | +9.9% |
| Worst 12 months | −19.9% |
| Positive months | 50% |
| 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.
LGHT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 22 | −19.9% | −3.3% | +9.9% | 27% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
LGHT performance overview
Spinnaker ETF Series (LGHT) returned +4.5% over the past year, with distributions reinvested. Since its first recorded price on Jan 10, 2024 it has returned +9.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.6%, from Jan 30, 2025 to May 15, 2026, and it took 5 months to get back to the old high. Volatility has been 17.8% a year.
Related: LGHT chart, LGHT holdings, LGHT valuation. See the LGHT overview for the latest quote and fund facts.
LGHT performance FAQ
What is the LGHT return over the past year?
LGHT returned +4.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.5%.
How much would $10,000 invested in LGHT be worth?
$10,000 invested in LGHT at its first recorded close on January 10, 2024 would be worth about $10,935 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of LGHT?
The largest peak-to-trough decline was −28.6% between January 30, 2025 and May 15, 2026. It recovered to the old high on October 15, 2026, 5 months after the bottom.
How volatile is LGHT?
Over the past history LGHT had an annualized volatility of 17.8% and a Sharpe ratio of -0.05 (excess return over 1–3 month T-bills per unit of risk).