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Launched · SEC filings

MRP SynthEquity ETF

SNTHNYSE ArcaSynthEquityD

$29.03−0.09 (−0.31%)

At close: Nov 2, 2026, 4:00 PM ET

D37/ 100

Rank 17 of 24 in Other Floor Protected

D37/100Rank 17 of 24inOther Floor Protected
Intraday session: down, 79 prints from 29.12 to 29.03. Range 29.02 to 29.33. Use the arrow keys to read each point.29.2029.2529.3010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$252M
1Y total return
+3.9%
Yield · Last 12 months
No data
Holdings
11
Avg volume · 30D
80.7K sh
52W range
low $25.75high $34.95
Launched
Filings
SEC EDGAR

The ETF.net SNTH Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Other Floor Protected⁠
Rank
17 of 24
Six-pillar profile for SNTH. Scores out of 100: Cost 13, Risk 46, Mission 81, Tradability 70, Holdings not scored, Durability 64. Strongest: Mission (81). Weakest: Cost (13). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F13 out of 100
    Rank 21 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A81 out of 100
    Rank 3 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 11 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 4 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 7 of 24

Our read on SNTH

ETF.net Research

In short

DMost funds in this corner hand you a fixed buffer and a reset date. SNTH skips the calendar: an actively managed mix of S&P 500 index options and Treasuries aiming for equity-like exposure while mitigating losses, at 0.96%.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed combination of options on the S&P 500 Index and U.S. Treasuries. The strategy is designed to provide synthetic equity exposure while mitigating losses.

Why people hold it

  • Equity-like exposure assembled from S&P 500 index options sitting on a Treasury base, run actively, with no fixed outcome period or reset date to time your entry around.
  • The portfolio does what the filings describe: US focus, S&P 500 options plus Treasuries, active management. No style drift to decode.
  • Has gathered hundreds of millions since its 2025 launch, trades at moderate volume, and pays a distribution quarterly.

Worth knowing

  • At 0.96% with no waiver, it prices above the category median. The Calamos structured protection funds (CPRY, CPRO, CPRJ) run 0.69%, and ISWN runs 0.49%.
  • Loss mitigation here is the manager's call, not a stated buffer percentage, so how much cushion is in place shifts with the options book.
  • Launched March 2025, so the risk record is still short, and an options-plus-Treasuries build can diverge from the S&P 500 in either direction.

SNTH Performance

Launched Mar 10, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SNTH$10,387
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. SNTH $10,387. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SNTH. Periods over one year show the average yearly return.
PeriodSNTH
Year to date+6.4%
1 month−2.3%
3 months−0.6%
1 year+3.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SNTH
YearReturn barSNTH
2026 YTD+6.4%
2025+23.4%

Since listing, Mar 10, 2025

SNTH in the news

SNTH Dividends

Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 23, 2025 $3.20; Mar 30, 2026 $0.12; Jun 29, 2026 $0.13; Sep 29, 2026 $0.17. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.17
Jun 29, 2026Jun 30, 2026$0.13
Mar 30, 2026Mar 31, 2026$0.12
Dec 23, 2025Dec 24, 2025$3.20

$10,000 in SNTH 1 year ago paid $1,143 in dividends.

SNTH Risk

Risk pillarC46 out of 100Rank 11 of 24 in Other Floor Protected
How much the fund’s monthly returns vary, scaled to a year.
12.8%
Annualised · 19 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.22
vs 3-month T-bills · 19 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−9.8%
19 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SNTH Cost

Compare SNTH and ISWN

Overpaying vs ISWN, cheapest in Other Floor Protected

$8,242

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SNTH 0.96%

    $18,034

  • ISWN 0.49% Cheapest

    $9,792

$10,000
30 years

Cost over time

  • SNTH 0.96%
  • ISWN 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SNTH $18,034ISWN $9,792

Year by year

YearSNTHISWNOverpaying
10$1,695$883$812
20$6,383$3,394$2,989
30$18,034$9,792$8,242

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