IQ

MRSK · Toews Agility Shares Managed Risk ETF

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$39.59
+1.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

MRSK is actively managed and returned +9.9% over the past year.

Why did MRSK return +86.6% from Jul 2020 to Oct 2026, against VOO’s +164.7%?Is a 0.98% fee low for a fund like MRSK?What does MRSK cost to hold and to trade?
Equity fund · Actively managedExpense ratio 0.98%Fund assets $314m net assets, latest filing (Jul 31, 2026)First traded Jun 25, 2020Benchmark S&P 500 Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

MRSK returned +9.9% over the year to Nov 4, 2026, charges 0.98% a year and holds $314m in net assets on Jul 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about MRSKAdd to portfolioAlerts

MRSK risk and return scorecard

vs VOO · Jul 2020 to Oct 2026 · 330 weekly returns · dividend-adjusted

6.3 years
MRSK +86.6%, VOO +164.7%, Jul 2020 to Oct 2026, distributions reinvested.
Return
MeasureMRSKVOOEdge
Total return+86.6%+164.7%VOO
Annualized+10.3%+16.6%VOO
Price return+52.5%+142.3%VOO
Risk
MeasureMRSKVOOEdge
Volatility10.1%15.8%MRSK
Max drawdown−13.7%−23.9%MRSK
Upside capture49.6%100.0%VOO
Downside capture68.8%100.0%MRSK
Risk-adjusted
MeasureMRSKVOOEdge
Sharpe ratio0.710.85VOO
Sortino ratio1.051.31VOO
Alpha vs VOO
MeasureMRSKVOOEdge
Alpha, a year−0.4%Not significant
Alpha t-stat−0.22
Beta to VOO0.571.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

MRSK −1.1%, VOO −1.1%: total return over one month to Nov 4, 2026.
MRSK−1.1%
VOO−1.1%
MRSK −0.4%, VOO −0.1%: total return over three months to Nov 4, 2026.
MRSK−0.4%
VOO−0.1%
MRSK +4.3%, VOO +5.0%: total return over six months to Nov 4, 2026.
MRSK+4.3%
VOO+5.0%
MRSK +7.6%, VOO +13.4%: total return over the year to Nov 4, 2026.
MRSK+7.6%
VOO+13.4%
MRSK +9.9%, VOO +14.8%: total return over one year to Nov 4, 2026.
MRSK+9.9%
VOO+14.8%
MRSK +47.5%, VOO +83.3%: total return over three years to Nov 4, 2026.
MRSK+47.5%
VOO+83.3%
MRSK +39.0%, VOO +75.5%: total return over five years to Nov 4, 2026.
MRSK+39.0%
VOO+75.5%
MRSK +93.2%, VOO +172.7%: total return since launch to Nov 4, 2026.
MRSK+93.2%
VOO+172.7%
askIQ: why did MRSK return +9.9% over one year, against VOO’s +14.8%? ↗

How concentrated, and what does it cost?

No index, actively managed
+9.9%
Total return, 1 year
Report
0.98%
Expense ratio
Report
1
Holdings
Report
−1.7%
Below its high
Report
0.4%
12-month yield, capital gains included, on its starting price
Report
$0.0429
Last payment (paid annually), ex-date Dec 30, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.98% fee low for a fund like MRSK? ↗

More on MRSK

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Price, 1 year

$39.59+1.1%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +9.9%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

MRSK returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−1.1%−1.1%0.0 pts
3M Aug 5 – Nov 4, 2026−0.4%−0.1%−0.3 pts
6M May 6 – Nov 4, 2026+4.3%+5.0%−0.7 pts
YTD Dec 31, 2025 – Nov 4, 2026+7.6%+13.4%−5.8 pts
1Y Nov 4, 2025 – Nov 4, 2026+9.9%+14.8%−4.9 pts
3Y Nov 3, 2023 – Nov 4, 2026+47.5%+83.3%−35.8 pts
5Y Nov 5, 2021 – Nov 4, 2026+39.0%+75.5%−36.5 pts
Since launch Jun 25, 2020 – Nov 4, 2026+93.2%+172.7%−79.5 pts
Since launch, annualised Jun 25, 2020 – Nov 4, 2026+10.9%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

MRSK key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$40.28 on Oct 6, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$34.68 on Mar 30, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$39.59, 88% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)0.75, against VOO
R-squared, the same days (ETFIQ)0.76
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Holdings1
Top ten weight86.6%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · MRSKas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

MRSK for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
MRSK interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

MRSK is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About MRSK

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Expense ratio (485BPOS XBRL, Aug 28, 2026)0.98%
Price$39.59
First tradedJun 25, 2020
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$314mReport
Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same index
Benchmark named inits prospectus, 485BPOS, Feb 4, 2026
MRSK, 1 year to Nov 4, 2026+9.9%
VOO, the same days+14.8%
Against its benchmark, 1 year (ETFIQ)−4.9 pts
Below its high (ETFIQ)−1.7%
Holdings1
Top ten weight86.6%
Cash, not in the top ten13.4%
Holdings as of (SEC N-PORT)Jul 31, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on MRSK

12 seats on MRSK, as of Nov 4, 2026: 2 Supports, 1 Mixed, 4 Challenges, 4 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationSupports
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put MRSK to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about MRSK

How has MRSK performed?
Over the year to Nov 4, 2026, MRSK returned +9.9% with distributions reinvested, against +14.8% for the S&P 500. Over three years the number is +47.5%.
What does MRSK cost?
The prospectus expense ratio is 0.98% a year.
What does MRSK hold?
1 position as filed for Jul 31, 2026, with the top ten at 86.6% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is MRSK below its high?
1.7% below its high of Oct 6, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, MRSK and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 0.98%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $314mSEC filing, whole fund · Jul 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerToews website ↗
All fund filingsFund filings on SEC EDGAR ↗
Toews’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, MRSK, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/mrsk

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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MRSK: MRSK over 1 year: total return +9.9%, its benchmark S&P 500 Index through VOO +14.8%, −4.9 pts. Data to Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/core/mrsk/" title="MRSK: MRSK over 1 year: total return +9.9%, its benchmark S&amp;P 500 Index through VOO +14.8%, −4.9 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">MRSK: MRSK over 1 year: total return +9.9%, its benchmark S&amp;P 500 Index through VOO +14.8%, −4.9 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/mrsk">ETFIQ</a></figcaption>
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