Tidal ETF (SHRT) Performance
SHRT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.1% since Dec 31, 2025
- 1 year
- −7.8% total return
- Since first price
- −16.4% since 2023
SHRT trailing returns vs SPY, QQQ, AGG
| Period | SHRT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.1% | +3.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.3% | +6.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.9% | +0.9% | +7.8% | +8.4% | −1.5% |
| YTD | −9.1% | −9.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.8% | −7.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 6, 2023 | −16.4% | −17.4% | — | — | — |
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: SHRT vs SPY
From Nov 6, 2023: SHRT grew to $8,358, SPY to $18,087.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SHRT returns by calendar year
0 of 2 full years positive. Best 2025 (−0.9%), worst 2024 (−1.4%). 2026 is year to date.
SHRT annual returns table
| Year | SHRT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.1% | −19.6% | +12.3% | +15.1% | −1.0% |
| 2025 | −0.9% | −13.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.4% | −12.3% | +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.
SHRT largest drawdowns
Now 18.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 5, 2024 | −27.8% | Jun 30, 2026 | not yet | 1.9 years | 2.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SHRT risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | −5.8% |
| Volatility (annualized) | 13.1% |
| Sharpe ratio | -0.72 |
| Sortino ratio | -0.86 |
| Best month | +7.7% |
| Worst month | −10.6% |
| Best 12 months | +3.2% |
| Worst 12 months | −23.5% |
| Positive months | 47% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
SHRT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 24 | −23.5% | −7.1% | +3.2% | 12% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
SHRT performance overview
Tidal ETF (SHRT) returned −7.8% over the past year, with distributions reinvested. Since its first recorded price on Nov 6, 2023 it has returned −16.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −27.8%, from Aug 5, 2024 to Jun 30, 2026; the fund has not yet regained that high. Volatility has been 13.1% a year.
Related: SHRT chart, SHRT holdings, SHRT dividends, SHRT valuation. See the SHRT overview for the latest quote and fund facts.
SHRT performance FAQ
What is the SHRT return over the past year?
SHRT returned −7.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.9%.
How much would $10,000 invested in SHRT be worth?
$10,000 invested in SHRT at its first recorded close on November 6, 2023 would be worth about $8,358 on October 23, 2026 with distributions reinvested.
What was the worst year for SHRT?
The worst calendar year was 2024, with a total return of −1.4%. The best was 2025 at −0.9%.
What is the biggest drawdown of SHRT?
The largest peak-to-trough decline was −27.8% between August 5, 2024 and June 30, 2026. It has not yet recovered to that high; it is 18.5% below its peak.
How volatile is SHRT?
Over the past history SHRT had an annualized volatility of 13.1% and a Sharpe ratio of -0.72 (excess return over 1–3 month T-bills per unit of risk).