Horizon Kinetics Energy and Remediation ETF (NVIR) Performance
NVIR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +23.6% since Dec 31, 2025
- 1 year
- +25.2% total return
- 3 years
- +16.5% a year
- Since first price
- +15.7% a year since 2023
NVIR trailing returns vs SPY, QQQ, AGG
| Period | NVIR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.2% | +4.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.5% | +1.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.7% | +1.7% | +7.8% | +8.4% | −1.5% |
| YTD | +23.6% | +23.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +25.2% | +24.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +57.9%+16.5%/yr | +52.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 22, 2023 | +70.6%+15.7%/yr | +64.4% | — | — | — |
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: NVIR vs SPY
From Feb 22, 2023: NVIR grew to $17,064, SPY to $19,992.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVIR returns by calendar year
2 of 2 full years positive. Best 2024 (+17.5%), worst 2025 (+9.8%). 2026 is year to date.
NVIR annual returns table
| Year | NVIR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +23.6% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.8% | −20.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.5% | −11.3% | +24.9% | +25.6% | +1.3% |
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.
NVIR largest drawdowns
Now 1.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 22, 2024 | −22.5% | Apr 8, 2025 | Nov 10, 2025 | 5 months | 12 months |
| Mar 3, 2023 | −13.1% | Mar 17, 2023 | Jul 11, 2023 | 14 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.
NVIR risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +13.1% | +13.3% |
| Volatility (annualized) | 14.8% | 15.1% |
| Sharpe ratio | 0.61 | 0.61 |
| Sortino ratio | 1.02 | 1.05 |
| Best month | +10.9% | +10.9% |
| Worst month | −7.4% | −7.4% |
| Best 12 months | +46.1% | +46.1% |
| Worst 12 months | +2.4% | +2.4% |
| Positive months | 61% | 60% |
| Beta vs S&P 500 | 0.32 | — |
| Correlation with S&P 500 | 0.27 | — |
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.
NVIR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 33 | +2.4% | +16.4% | +46.1% | 100% |
| 3-year (a year) | 9 | +13.1% | +17.2% | +20.6% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NVIR performance overview
Horizon Kinetics Energy and Remediation ETF (NVIR) returned +25.2% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +15.7% a year, turning $10,000 into about $17,064. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.5%, from Nov 22, 2024 to Apr 8, 2025, and it took 7 months to get back to the old high. Volatility has been 15.1% a year.
Related: NVIR chart, NVIR holdings, NVIR dividends, NVIR valuation. See the NVIR overview for the latest quote and fund facts.
NVIR performance FAQ
What is the NVIR return over the past year?
NVIR returned +25.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 24.1%.
How much would $10,000 invested in NVIR be worth?
$10,000 invested in NVIR at its first recorded close on February 22, 2023 would be worth about $17,064 on October 23, 2026 with distributions reinvested.
What was the worst year for NVIR?
The worst calendar year was 2025, with a total return of +9.8%. The best was 2024 at +17.5%.
What is the biggest drawdown of NVIR?
The largest peak-to-trough decline was −22.5% between November 22, 2024 and April 8, 2025. It recovered to the old high on November 10, 2025, 7 months after the bottom.
How volatile is NVIR?
Over the past 3 years NVIR had an annualized volatility of 14.8% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).