LHA Market State Tactical Q ETF (MSTQ) Performance
MSTQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.3% since Dec 31, 2025
- 1 year
- +9.0% total return
- 3 years
- +21.7% a year
- Since first price
- +13.4% a year since 2022
MSTQ trailing returns vs SPY, QQQ, AGG
| Period | MSTQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.2% | −5.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.9% | +1.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.4% | +5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +10.3% | +10.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.0% | −4.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +80.2%+21.7%/yr | +51.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 15, 2022 | +78.2%+13.4%/yr | +49.9% | — | — | — |
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: MSTQ vs SPY
From Mar 15, 2022: MSTQ grew to $17,821, SPY to $18,999.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSTQ returns by calendar year
3 of 3 full years positive. Best 2023 (+43.1%), worst 2024 (+19.6%). 2026 is year to date.
MSTQ annual returns table
| Year | MSTQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.3% | −12.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.6% | −14.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.6% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +43.1% | −10.8% | +26.2% | +54.9% | +5.7% |
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.
MSTQ largest drawdowns
Now 7.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 29, 2022 | −31.0% | Dec 28, 2022 | Dec 18, 2023 | 9 months | 1.7 years |
| Dec 16, 2024 | −15.2% | Apr 7, 2025 | May 14, 2025 | 4 months | 5 months |
| Oct 29, 2025 | −12.4% | Mar 30, 2026 | Apr 22, 2026 | 5 months | 6 months |
| Jun 2, 2026 | −12.2% | Jul 29, 2026 | Oct 5, 2026 | 57 days | 4 months |
| Jul 10, 2024 | −10.1% | Aug 2, 2024 | Dec 3, 2024 | 23 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSTQ risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +23.5% | +12.7% |
| Volatility (annualized) | 16.5% | 19.5% |
| Sharpe ratio | 1.11 | 0.51 |
| Sortino ratio | 2.13 | 0.79 |
| Best month | +13.5% | +13.5% |
| Worst month | −7.9% | −13.0% |
| Best 12 months | +33.7% | +43.1% |
| Worst 12 months | +1.3% | −16.0% |
| Positive months | 67% | 59% |
| Beta vs S&P 500 | 1.13 | — |
| Correlation with S&P 500 | 0.85 | — |
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.
MSTQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 44 | −16.0% | +20.1% | +43.1% | 95% |
| 3-year (a year) | 20 | +3.9% | +22.2% | +27.3% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
MSTQ performance overview
LHA Market State Tactical Q ETF (MSTQ) returned +9.0% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +13.4% a year, turning $10,000 into about $17,821. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.0%, from Mar 29, 2022 to Dec 28, 2022, and it took 12 months to get back to the old high. MSTQ finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+43.1%) and the worst 2024 (+19.6%). Volatility has been 19.5% a year.
Related: MSTQ chart, MSTQ dividends. See the MSTQ overview for the latest quote and fund facts.
MSTQ performance FAQ
What is the MSTQ return over the past year?
MSTQ returned +9.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.2%.
How much would $10,000 invested in MSTQ be worth?
$10,000 invested in MSTQ at its first recorded close on March 15, 2022 would be worth about $17,821 on October 23, 2026 with distributions reinvested.
What was the worst year for MSTQ?
The worst calendar year was 2024, with a total return of +19.6%. The best was 2023 at +43.1%.
What is the biggest drawdown of MSTQ?
The largest peak-to-trough decline was −31.0% between March 29, 2022 and December 28, 2022. It recovered to the old high on December 18, 2023, 12 months after the bottom.
How volatile is MSTQ?
Over the past 3 years MSTQ had an annualized volatility of 16.5% and a Sharpe ratio of 1.11 (excess return over 1–3 month T-bills per unit of risk).