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LHA Market State Tactical Beta ETF (MSTB)
About this ETF
The fund is an actively-managed ETF and seeks to achieve its objective principally by investing in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500 Index based on quantitative analyses that seek to estimate the direction of the S&P 500. Under normal market conditions, the fund’s baseline exposure each day to the S&P 500 is approximately 100%, which the fund’s portfolio managers then adjust based on a quantitative method of analysis evaluating the movement of the VIX Index. The fund is non-diversified.
Price
Top 10 holdings
| State Street SPDR S&P 500 ETF Trust SPY | 67.17% |
| S&P500 EMINI FUT Sep26 | 18.51% |
| United States Treasury Bill 01/21/2027 | 5.05% |
| First American Government Obligations Fund 12/01/2 | 2.73% |
| First American Treasury Obligations Fund 01/01/204 | 2.73% |
| United States Treasury Bill 10/29/2026 | 2.49% |
| Cash & Other | 1.32% |
Sector mix
Price chart
Returns
| 1 month | +2.67% |
| 3 months | +8.26% |
| 6 months | +6.70% |
| Year to date | +7.72% |
| 1 year | +14.03% |
| 3 years (ann.) | +16.66% |
| 5 years (ann.) | +6.72% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 10.76% |
| Sharpe (1y) | 1.27 |
| Sharpe (3y) | 1.35 |
| Sortino (1y) | 1.77 |
| Max drawdown (1y) | -8.69% |
| Max drawdown (5y) | -26.34% |
| Max drawdown (full) | -26.34% |
| Beta vs S&P 500 (1y) | 0.81 |
| Correlation vs S&P 500 (1y) | 0.95 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-30 | 2025-12-31 | USD 0.1638 |
| 2024-12-31 | 2025-01-02 | USD 0.3226 |
| 2023-12-14 | 2023-12-18 | USD 0.0468 |
| 2022-12-15 | 2022-12-19 | USD 0.3295 |
| 2021-12-15 | 2021-12-17 | USD 0.7094 |
| 2020-12-30 | 2021-01-04 | USD 0.4802 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 0.0% |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 0.0% |
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 0.0% |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 0.0% |
