Toews Agility Shares Managed Risk ETF (MRSK) Performance
MRSK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.3% since Dec 31, 2025
- 1 year
- +9.6% total return
- 5 years
- +7.3% a year
- Since first price
- +11.0% a year since 2020
MRSK trailing returns vs SPY, QQQ, AGG
| Period | MRSK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.1% | +2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.0% | +7.0% | +7.8% | +8.4% | −1.5% |
| YTD | +7.3% | +7.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.6% | +9.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +47.0%+13.7%/yr | +44.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +42.3%+7.3%/yr | +21.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 25, 2020 | +93.2%+11.0%/yr | +57.4% | — | — | — |
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: MRSK vs SPY
From Jun 25, 2020: MRSK grew to $19,317, SPY to $26,917.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MRSK returns by calendar year
4 of 5 full years positive. Best 2021 (+20.7%), worst 2022 (−11.9%). 2026 is year to date.
MRSK annual returns table
| Year | MRSK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.3% | −7.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.9% | −11.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +14.6% | −7.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.3% | −12.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.9% | −14.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +20.7% | −5.1% | +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.
MRSK largest drawdowns
Now 2.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 27, 2021 | −14.7% | Jun 16, 2022 | Jul 17, 2023 | 6 months | 1.6 years |
| Sep 7, 2023 | −12.2% | Oct 27, 2023 | Feb 9, 2024 | 50 days | 5 months |
| Dec 6, 2024 | −11.7% | Apr 8, 2025 | Jul 21, 2025 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MRSK risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +12.8% | +8.2% | +11.0% |
| Volatility (annualized) | 9.1% | 10.6% | 10.3% |
| Sharpe ratio | 0.89 | 0.46 | 0.79 |
| Sortino ratio | 1.40 | 0.68 | 1.22 |
| Best month | +6.0% | +6.4% | +6.4% |
| Worst month | −5.0% | −7.8% | −7.8% |
| Best 12 months | +21.6% | +21.6% | +28.7% |
| Worst 12 months | +2.8% | −11.9% | −11.9% |
| Positive months | 69% | 62% | 64% |
| Beta vs S&P 500 | 0.68 | 0.61 | — |
| Correlation with S&P 500 | 0.92 | 0.90 | — |
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.
MRSK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 65 | −11.9% | +10.9% | +28.7% | 85% |
| 3-year (a year) | 41 | +4.4% | +7.6% | +14.6% | 100% |
| 5-year (a year) | 17 | +7.1% | +9.0% | +10.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
MRSK performance overview
Toews Agility Shares Managed Risk ETF (MRSK) returned +9.6% over the past year and +7.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +11.0% a year, turning $10,000 into about $19,317. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.7%, from Dec 27, 2021 to Jun 16, 2022, and it took 1.1 years to get back to the old high. MRSK finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+20.7%) and the worst 2022 (−11.9%). Volatility has been 10.3% a year.
Related: MRSK chart, MRSK dividends. See the MRSK overview for the latest quote and fund facts.
MRSK performance FAQ
What is the MRSK return over the past year?
MRSK returned +9.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.2%.
What is the average annual return of MRSK?
MRSK has returned +7.3% a year over 5 years, +11.0% a year since June 25, 2020 (total return, distributions reinvested).
How much would $10,000 invested in MRSK be worth?
$10,000 invested in MRSK at its first recorded close on June 25, 2020 would be worth about $19,317 on October 23, 2026 with distributions reinvested.
What was the worst year for MRSK?
The worst calendar year was 2022, with a total return of −11.9%. The best was 2021 at +20.7%.
What is the biggest drawdown of MRSK?
The largest peak-to-trough decline was −14.7% between December 27, 2021 and June 16, 2022. It recovered to the old high on July 17, 2023, 1.1 years after the bottom.
How volatile is MRSK?
Over the past 3 years MRSK had an annualized volatility of 9.1% and a Sharpe ratio of 0.89 (excess return over 1–3 month T-bills per unit of risk).