(MSTB) ETF Series Solutions - LHA - Overview
Etf: Equity, Volatility, S&P500, VIX, Beta
Dividends
| Dividend Yield | 0.41% |
| Yield on Cost 5y | 0.60% |
| Yield CAGR 5y | -30.65% |
| Payout Consistency | 65.3% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 11.8% |
| Relative Tail Risk | 2.45% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.93 |
| Alpha | 6.61 |
| Character TTM | |
|---|---|
| Beta | 0.507 |
| Beta Downside | 0.362 |
| Drawdowns 3y | |
|---|---|
| Max DD | 10.81% |
| CAGR/Max DD | 1.51 |
Description: MSTB ETF Series Solutions - LHA December 29, 2025
The LHA Market State Tactical Beta ETF (BATS:MSTB) is an actively managed, non-diversified fund that targets the S&P 500’s performance and volatility. Its baseline exposure is roughly 100% of the index, which portfolio managers tilt up or down each day using a statistical model that interprets VIX movements to forecast the S&P 500’s direction.
As of the latest filing, MSTB carries an expense ratio of about 0.45% and trades an average of ~200,000 shares per day, providing modest liquidity for an active strategy. The fund’s 30-day beta to the S&P 500 has hovered near 1.0, while its correlation with the VIX is approximately –0.35, indicating a partial hedge during spikes in market volatility. Key macro drivers that can shift the model’s signals include U.S. inflation readings (CPI) and Federal Reserve policy decisions, while the ETF’s sector tilt often mirrors the S&P 500’s heavy weighting in information technology.
For a deeper quantitative breakdown, you might explore the fund’s analytics on ValueRay.
What is the price of MSTB shares?
Over the past week, the price has changed by +0.31%, over one month by -0.53%, over three months by +1.28% and over the past year by +16.18%.
Is MSTB a buy, sell or hold?
What are the forecasts/targets for the MSTB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 45.1 | 11.9% |
MSTB Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 180.3m USD (180.3m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 180.3m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 180.3m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.78% (E(180.3m)/V(180.3m) * Re(7.78%) + (debt-free company))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)