LeaderShares AlphaFactor Tactical Focused ETF (LSAT) Performance
LSAT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.3% since Dec 31, 2025
- 1 year
- +18.1% total return
- 5 years
- +7.7% a year
- Since first price
- +13.4% a year since 2020
LSAT trailing returns vs SPY, QQQ, AGG
| Period | LSAT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.5% | +5.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.4% | +5.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.3% | +11.3% | +7.8% | +8.4% | −1.5% |
| YTD | +22.3% | +22.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.1% | +15.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +54.3%+15.5%/yr | +46.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +44.9%+7.7%/yr | +32.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 27, 2020 | +112.1%+13.4%/yr | +93.5% | — | — | — |
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: LSAT vs SPY
From Oct 27, 2020: LSAT grew to $21,213, SPY to $24,363.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LSAT returns by calendar year
3 of 5 full years positive. Best 2021 (+25.1%), worst 2022 (−13.0%). 2026 is year to date.
LSAT annual returns table
| Year | LSAT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.3% | −7.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −1.5% | −15.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.2% | −7.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.6% | −11.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.0% | −20.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.1% | −6.2% | +28.7% | +27.4% | −1.8% |
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.
LSAT largest drawdowns
Now 0.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 11, 2022 | −20.5% | Jul 14, 2022 | Feb 27, 2024 | 6 months | 2.1 years |
| Nov 25, 2024 | −18.2% | Apr 8, 2025 | Apr 17, 2026 | 4 months | 1.4 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LSAT risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +11.3% | +7.0% | +12.5% |
| Volatility (annualized) | 13.0% | 14.7% | 15.5% |
| Sharpe ratio | 0.56 | 0.29 | 0.64 |
| Sortino ratio | 0.88 | 0.44 | 1.08 |
| Best month | +7.9% | +9.0% | +15.7% |
| Worst month | −6.4% | −11.7% | −11.7% |
| Best 12 months | +34.3% | +34.3% | +46.7% |
| Worst 12 months | −5.9% | −13.0% | −13.0% |
| Positive months | 64% | 58% | 61% |
| Beta vs S&P 500 | 0.65 | 0.62 | — |
| Correlation with S&P 500 | 0.62 | 0.66 | — |
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.
LSAT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 61 | −13.0% | +6.3% | +46.7% | 69% |
| 3-year (a year) | 37 | +4.5% | +8.0% | +15.5% | 100% |
| 5-year (a year) | 13 | +5.7% | +7.2% | +12.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
LSAT performance overview
LeaderShares AlphaFactor Tactical Focused ETF (LSAT) returned +18.1% over the past year and +7.7% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +13.4% a year, turning $10,000 into about $21,213. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.5%, from Jan 11, 2022 to Jul 14, 2022, and it took 1.6 years to get back to the old high. LSAT finished 3 of its 5 full calendar years with a gain; the best year was 2021 (+25.1%) and the worst 2022 (−13.0%). Volatility has been 15.5% a year.
Related: LSAT chart, LSAT holdings, LSAT dividends, LSAT valuation. See the LSAT overview for the latest quote and fund facts.
LSAT performance FAQ
What is the LSAT return over the past year?
LSAT returned +18.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.9%.
What is the average annual return of LSAT?
LSAT has returned +7.7% a year over 5 years, +13.4% a year since October 27, 2020 (total return, distributions reinvested).
How much would $10,000 invested in LSAT be worth?
$10,000 invested in LSAT at its first recorded close on October 27, 2020 would be worth about $21,213 on October 23, 2026 with distributions reinvested.
What was the worst year for LSAT?
The worst calendar year was 2022, with a total return of −13.0%. The best was 2021 at +25.1%.
What is the biggest drawdown of LSAT?
The largest peak-to-trough decline was −20.5% between January 11, 2022 and July 14, 2022. It recovered to the old high on February 27, 2024, 1.6 years after the bottom.
How volatile is LSAT?
Over the past 3 years LSAT had an annualized volatility of 13.0% and a Sharpe ratio of 0.56 (excess return over 1–3 month T-bills per unit of risk).