Soundwatch Hedged Equity ETF (SHDG) Performance
SHDG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.4% since Dec 31, 2025
- 1 year
- +5.2% total return
- 3 years
- +14.4% a year
- Since first price
- +13.6% a year since 2022
SHDG trailing returns vs SPY, QQQ, AGG
| Period | SHDG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.8% | +2.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.5% | +4.5% | +7.8% | +8.4% | −1.5% |
| YTD | +3.4% | +3.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.2% | +4.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.6%+14.4%/yr | +46.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 24, 2022 | +66.7%+13.6%/yr | +61.4% | — | — | — |
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: SHDG vs SPY
From Oct 24, 2022: SHDG grew to $16,666, SPY to $21,127.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SHDG returns by calendar year
3 of 3 full years positive. Best 2024 (+19.7%), worst 2025 (+11.5%). 2026 is year to date.
SHDG annual returns table
| Year | SHDG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.4% | −6.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.5% | −15.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.7% | −6.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.8% | −8.7% | +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.
SHDG largest drawdowns
Now 1.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −15.8% | Apr 8, 2025 | Jul 22, 2025 | 48 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.
SHDG risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +14.0% | +13.5% |
| Volatility (annualized) | 9.2% | 9.6% |
| Sharpe ratio | 1.00 | 0.92 |
| Sortino ratio | 1.61 | 1.46 |
| Best month | +7.0% | +7.0% |
| Worst month | −5.7% | −5.7% |
| Best 12 months | +27.7% | +27.7% |
| Worst 12 months | +6.1% | +6.1% |
| Positive months | 72% | 70% |
| Beta vs S&P 500 | 0.70 | — |
| Correlation with S&P 500 | 0.94 | — |
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.
SHDG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 37 | +4.3% | +12.6% | +27.7% | 100% |
| 3-year (a year) | 13 | +10.9% | +14.0% | +16.3% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
SHDG performance overview
Soundwatch Hedged Equity ETF (SHDG) returned +5.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +13.6% a year, turning $10,000 into about $16,666. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.8%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. SHDG finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+19.7%) and the worst 2025 (+11.5%). Volatility has been 9.6% a year.
Related: SHDG chart, SHDG dividends. See the SHDG overview for the latest quote and fund facts.
SHDG performance FAQ
What is the SHDG return over the past year?
SHDG returned +5.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.7%.
How much would $10,000 invested in SHDG be worth?
$10,000 invested in SHDG at its first recorded close on October 24, 2022 would be worth about $16,666 on October 23, 2026 with distributions reinvested.
What was the worst year for SHDG?
The worst calendar year was 2025, with a total return of +11.5%. The best was 2024 at +19.7%.
What is the biggest drawdown of SHDG?
The largest peak-to-trough decline was −15.8% between February 19, 2025 and April 8, 2025. It recovered to the old high on July 22, 2025, 3 months after the bottom.
How volatile is SHDG?
Over the past 3 years SHDG had an annualized volatility of 9.2% and a Sharpe ratio of 1.00 (excess return over 1–3 month T-bills per unit of risk).