LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) Performance
LSAF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +25.7% since Dec 31, 2025
- 1 year
- +27.9% total return
- 5 years
- +12.2% a year
- Since first price
- +11.8% a year since 2018
LSAF trailing returns vs SPY, QQQ, AGG
| Period | LSAF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.8% | +4.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +8.2% | +8.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +15.5% | +15.5% | +7.8% | +8.4% | −1.5% |
| YTD | +25.7% | +25.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +27.9% | +27.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.6%+23.6%/yr | +85.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +77.4%+12.2%/yr | +66.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 2, 2018 | +146.1%+11.8%/yr | +126.0% | — | — | — |
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: LSAF vs SPY
From Oct 2, 2018: LSAF grew to $24,609, SPY to $29,380.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LSAF returns by calendar year
6 of 7 full years positive. Best 2019 (+28.4%), worst 2022 (−13.1%). 2026 is year to date.
LSAF annual returns table
| Year | LSAF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +25.7% | −6.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.0% | −19.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.1% | −8.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.5% | −13.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.1% | −24.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.2% | −6.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.9% | −41.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.4% | −8.3% | +31.2% | +39.0% | +8.5% |
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.
LSAF largest drawdowns
Now 1.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −41.7% | Mar 23, 2020 | Nov 16, 2020 | 40 days | 9 months |
| Jan 4, 2022 | −24.9% | Sep 26, 2022 | Jan 22, 2024 | 9 months | 2.0 years |
| Oct 2, 2018 | −20.7% | Dec 24, 2018 | Jul 1, 2019 | 3 months | 9 months |
| Nov 26, 2024 | −20.3% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LSAF risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +19.7% | +12.1% | +12.3% |
| Volatility (annualized) | 14.2% | 17.7% | 19.4% |
| Sharpe ratio | 1.04 | 0.53 | 0.56 |
| Sortino ratio | 1.73 | 0.85 | 0.85 |
| Best month | +8.2% | +12.4% | +15.3% |
| Worst month | −7.9% | −12.2% | −20.3% |
| Best 12 months | +35.7% | +35.7% | +64.9% |
| Worst 12 months | +1.3% | −13.1% | −19.7% |
| Positive months | 67% | 57% | 60% |
| Beta vs S&P 500 | 0.88 | 0.95 | — |
| Correlation with S&P 500 | 0.77 | 0.84 | — |
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.
LSAF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 85 | −19.7% | +12.3% | +64.9% | 79% |
| 3-year (a year) | 61 | +4.4% | +10.8% | +23.6% | 100% |
| 5-year (a year) | 37 | +7.2% | +11.8% | +17.3% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
LSAF performance overview
LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) returned +27.9% over the past year and +12.2% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +11.8% a year, turning $10,000 into about $24,609. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −41.7%, from Feb 12, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. LSAF finished 6 of its 7 full calendar years with a gain; the best year was 2019 (+28.4%) and the worst 2022 (−13.1%). Volatility has been 19.4% a year.
Related: LSAF chart, LSAF holdings, LSAF dividends, LSAF valuation. See the LSAF overview for the latest quote and fund facts.
LSAF performance FAQ
What is the LSAF return over the past year?
LSAF returned +27.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 27.0%.
What is the average annual return of LSAF?
LSAF has returned +12.2% a year over 5 years, +11.8% a year since October 2, 2018 (total return, distributions reinvested).
How much would $10,000 invested in LSAF be worth?
$10,000 invested in LSAF at its first recorded close on October 2, 2018 would be worth about $24,609 on October 23, 2026 with distributions reinvested.
What was the worst year for LSAF?
The worst calendar year was 2022, with a total return of −13.1%. The best was 2019 at +28.4%.
What is the biggest drawdown of LSAF?
The largest peak-to-trough decline was −41.7% between February 12, 2020 and March 23, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is LSAF?
Over the past 3 years LSAF had an annualized volatility of 14.2% and a Sharpe ratio of 1.04 (excess return over 1–3 month T-bills per unit of risk).