TrueShares Structured Outcome (March) ETF (MARZ) Performance
MARZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.0% since Dec 31, 2025
- 1 year
- +9.1% total return
- 5 years
- +9.4% a year
- Since first price
- +10.6% a year since 2021
MARZ trailing returns vs SPY, QQQ, AGG
| Period | MARZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.9% | +1.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.3% | +5.3% | +7.8% | +8.4% | −1.5% |
| YTD | +8.0% | +8.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.1% | +5.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.1%+16.5%/yr | +36.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +56.7%+9.4%/yr | +31.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 1, 2021 | +76.9%+10.6%/yr | +48.0% | — | — | — |
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: MARZ vs SPY
From Mar 1, 2021: MARZ grew to $17,688, SPY to $21,061.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MARZ returns by calendar year
3 of 4 full years positive. Best 2023 (+20.4%), worst 2022 (−12.7%). 2026 is year to date.
MARZ annual returns table
| Year | MARZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.0% | −7.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.9% | −14.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.9% | −6.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.4% | −7.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.7% | −18.9% | −18.2% | −32.6% | −13.0% |
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.
MARZ largest drawdowns
Now 2.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 29, 2021 | −18.9% | Oct 12, 2022 | Jul 18, 2023 | 9 months | 1.5 years |
| Feb 19, 2025 | −14.8% | Apr 8, 2025 | Jun 27, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MARZ risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +16.3% | +10.4% | +10.6% |
| Volatility (annualized) | 9.4% | 11.2% | 10.9% |
| Sharpe ratio | 1.20 | 0.63 | 0.69 |
| Sortino ratio | 2.39 | 1.00 | 1.10 |
| Best month | +8.0% | +8.0% | +8.0% |
| Worst month | −4.3% | −6.5% | −6.5% |
| Best 12 months | +27.3% | +27.3% | +27.3% |
| Worst 12 months | +5.4% | −12.7% | −12.7% |
| Positive months | 64% | 62% | 64% |
| Beta vs S&P 500 | 0.75 | 0.70 | — |
| Correlation with S&P 500 | 1.00 | 0.98 | — |
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.
MARZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 56 | −12.7% | +12.4% | +27.3% | 79% |
| 3-year (a year) | 32 | +6.9% | +13.4% | +19.0% | 100% |
| 5-year (a year) | 8 | +9.1% | +9.9% | +10.8% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
MARZ performance overview
TrueShares Structured Outcome (March) ETF (MARZ) returned +9.1% over the past year and +9.4% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +10.6% a year, turning $10,000 into about $17,688. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.9%, from Dec 29, 2021 to Oct 12, 2022, and it took 9 months to get back to the old high. MARZ finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+20.4%) and the worst 2022 (−12.7%). Volatility has been 10.9% a year.
Related: MARZ chart, MARZ dividends. See the MARZ overview for the latest quote and fund facts.
MARZ performance FAQ
What is the MARZ return over the past year?
MARZ returned +9.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.7%.
What is the average annual return of MARZ?
MARZ has returned +9.4% a year over 5 years, +10.6% a year since March 1, 2021 (total return, distributions reinvested).
How much would $10,000 invested in MARZ be worth?
$10,000 invested in MARZ at its first recorded close on March 1, 2021 would be worth about $17,688 on October 23, 2026 with distributions reinvested.
What was the worst year for MARZ?
The worst calendar year was 2022, with a total return of −12.7%. The best was 2023 at +20.4%.
What is the biggest drawdown of MARZ?
The largest peak-to-trough decline was −18.9% between December 29, 2021 and October 12, 2022. It recovered to the old high on July 18, 2023, 9 months after the bottom.
How volatile is MARZ?
Over the past 3 years MARZ had an annualized volatility of 9.4% and a Sharpe ratio of 1.20 (excess return over 1–3 month T-bills per unit of risk).