TrueShares Structured Outcome (May) ETF (MAYZ) Performance
MAYZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.6% since Dec 31, 2025
- 1 year
- +10.2% total return
- 5 years
- +8.5% a year
- Since first price
- +8.9% a year since 2021
MAYZ trailing returns vs SPY, QQQ, AGG
| Period | MAYZ 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 | +2.1% | +2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.0% | +6.0% | +7.8% | +8.4% | −1.5% |
| YTD | +7.6% | +7.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.2% | +7.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +59.7%+16.9%/yr | +49.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +50.5%+8.5%/yr | +37.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 3, 2021 | +59.9%+8.9%/yr | +45.7% | — | — | — |
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: MAYZ vs SPY
From May 3, 2021: MAYZ grew to $15,985, SPY to $19,556.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MAYZ returns by calendar year
3 of 4 full years positive. Best 2024 (+17.7%), worst 2022 (−14.0%). 2026 is year to date.
MAYZ annual returns table
| Year | MAYZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.6% | −8.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.1% | −13.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.7% | −6.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.9% | −7.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.0% | −19.2% | −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.
MAYZ largest drawdowns
Now 2.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 29, 2021 | −19.2% | Oct 12, 2022 | Jan 19, 2024 | 9 months | 2.1 years |
| Feb 19, 2025 | −13.9% | Apr 8, 2025 | Jun 26, 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.
MAYZ risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +16.7% | +9.5% | +9.2% |
| Volatility (annualized) | 10.2% | 11.8% | 11.6% |
| Sharpe ratio | 1.14 | 0.53 | 0.53 |
| Sortino ratio | 2.23 | 0.83 | 0.84 |
| Best month | +9.8% | +9.8% | +9.8% |
| Worst month | −4.8% | −6.8% | −6.8% |
| Best 12 months | +26.6% | +26.6% | +26.6% |
| Worst 12 months | +4.6% | −14.0% | −14.0% |
| Positive months | 61% | 55% | 56% |
| Beta vs S&P 500 | 0.81 | 0.74 | — |
| Correlation with S&P 500 | 0.99 | 0.99 | — |
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.
MAYZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 54 | −14.0% | +12.1% | +26.6% | 80% |
| 3-year (a year) | 30 | +5.5% | +12.9% | +17.4% | 100% |
| 5-year (a year) | 6 | +8.3% | +9.0% | +9.7% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
MAYZ performance overview
TrueShares Structured Outcome (May) ETF (MAYZ) returned +10.2% over the past year and +8.5% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +8.9% a year, turning $10,000 into about $15,985. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.2%, from Dec 29, 2021 to Oct 12, 2022, and it took 1.3 years to get back to the old high. MAYZ finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+17.7%) and the worst 2022 (−14.0%). Volatility has been 11.6% a year.
Related: MAYZ chart, MAYZ dividends. See the MAYZ overview for the latest quote and fund facts.
MAYZ performance FAQ
What is the MAYZ return over the past year?
MAYZ returned +10.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.9%.
What is the average annual return of MAYZ?
MAYZ has returned +8.5% a year over 5 years, +8.9% a year since May 3, 2021 (total return, distributions reinvested).
How much would $10,000 invested in MAYZ be worth?
$10,000 invested in MAYZ at its first recorded close on May 3, 2021 would be worth about $15,985 on October 23, 2026 with distributions reinvested.
What was the worst year for MAYZ?
The worst calendar year was 2022, with a total return of −14.0%. The best was 2024 at +17.7%.
What is the biggest drawdown of MAYZ?
The largest peak-to-trough decline was −19.2% between December 29, 2021 and October 12, 2022. It recovered to the old high on January 19, 2024, 1.3 years after the bottom.
How volatile is MAYZ?
Over the past 3 years MAYZ had an annualized volatility of 10.2% and a Sharpe ratio of 1.14 (excess return over 1–3 month T-bills per unit of risk).