BEEX vs MSTB

Comparison between THE BEEHIVE ETF (BEEX, ETF) and LHA MARKET STATE TACTICAL BETA ETF (MSTB, ETF).

BEEX vs MSTB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BEEX(ETF)	MSTB(ETF)
Net Assets	$191M	$189M
Expense Ratio	0.84%	1.38%
Max Drawdown	15.13%	26.34%
Sharpe Ratio	1.07	1.28
5Y Beta	0.77	0.58
P/E Ratio	26.52	N/A
Forward P/E	20.77	N/A
PEG Ratio	0.67	N/A
5Y Dividends CAGR	N/A	0.26%
5Y EPS CAGR	19.05%	N/A
Debt to Equity	48.26%	N/A
P/S Ratio	3.22	N/A
P/B Ratio	4.19	N/A

Net Assets

Winner

BEEX

$191M

MSTB

$189M

Expense Ratio

Winner

BEEX

0.84%

MSTB

1.38%

Max Drawdown

Winner

BEEX

15.13%

MSTB

26.34%

Sharpe Ratio

BEEX

1.07

Winner

MSTB

1.28

5Y Beta

BEEX

0.77

Winner

MSTB

0.58

P/E Ratio

BEEX

26.52

MSTB

N/A

Forward P/E

BEEX

20.77

MSTB

N/A

PEG Ratio

BEEX

0.67

MSTB

N/A

5Y Dividends CAGR

BEEX

N/A

MSTB

0.26%

5Y EPS CAGR

BEEX

19.05%

MSTB

N/A

Debt to Equity

BEEX

48.26%

MSTB

N/A

P/S Ratio

BEEX

3.22

MSTB

N/A

P/B Ratio

BEEX

4.19

MSTB

N/A

BEEX vs MSTB - Holdings Comparison

BEEX and MSTB have 1 common holdings. Overlap is 3.43%

BEEX's top 25 holdings weight is 88.77%. MSTB's top 25 holdings weight is 89.60%.

Rank	BEEX	MSTB
#1	ALPHABET INC CLASS A (GOOGL) - 7.86%	STATE STREET® SPDR® S&P 500® ETF (SPY) - 82.74%
#2	AMAZON.COM INC (AMZN) - 6.56%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.43%
#3	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.97%	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 3.43%
#4	MICROSOFT CORP (MSFT) - 5.53%	N/A
#5	APPLE INC (AAPL) - 4.40%	N/A
#6	TEXAS INSTRUMENTS INC (TXN) - 4.06%	N/A
#7	ANALOG DEVICES INC (ADI) - 3.70%	N/A
#8	ELEVANCE HEALTH INC (ELV) - 3.53%	N/A
#9	FRANCO-NEVADA CORP (n/a) - 3.31%	N/A
#10	NVIDIA CORP (NVDA) - 3.27%	N/A
#11	ILLUMINA INC (ILMN) - 3.25%	N/A
#12	NVENT ELECTRIC PLC (NVT) - 3.18%	N/A
#13	AIRBUS SE ADR (EADSY) - 3.09%	N/A
#14	LINDE PLC (LIN) - 3.06%	N/A
#15	CHEVRON CORP (CVX) - 2.90%	N/A
#16	ORACLE CORP (ORCL) - 2.88%	N/A
#17	RESTAURANT BRANDS INTERNATIONAL INC (QSR) - 2.81%	N/A
#18	CHUBB LTD (CB) - 2.76%	N/A
#19	AON PLC CLASS A (AON) - 2.74%	N/A
#20	INTERCONTINENTAL EXCHANGE INC (ICE) - 2.60%	N/A
#21	AMCOR PLC ORDINARY SHARES (AMCR) - 2.58%	N/A
#22	PROLOGIS INC (PLD) - 2.45%	N/A
#23	DANAHER CORP (DHR) - 2.13%	N/A
#24	CANADIAN PACIFIC KANSAS CITY LTD (CP) - 2.12%	N/A
#25	MONDELEZ INTERNATIONAL INC CLASS A (MDLZ) - 2.03%	N/A
Total Holdings	36	3

BEEX vs MSTB - Historical Returns

Returns include dividend reinvestment.

Period	BEEX	MSTB
1 month	+0.46%	+1.11%
3 months	+6.58%	+6.81%
6 months	+3.79%	+6.29%
1 year	+16.45%	+18.56%
5 years(CAGR)	N/A	+8.12%
Max(CAGR)	+10.50%	+11.01%

BEEX

+0.46%

Winner

MSTB

+1.11%

BEEX

+6.58%

Winner

MSTB

+6.81%

BEEX

+3.79%

Winner

MSTB

+6.29%

BEEX

+16.45%

Winner

MSTB

+18.56%

5Y(CAGR)

BEEX

N/A

MSTB

+8.12%

Max(CAGR)

BEEX

+10.50%

Winner

MSTB

+11.01%

BEEX vs MSTB - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	BEEX	MSTB
2026	+4.02%	+6.60%
2025	+14.81%	+18.86%
2024	-2.67%	+19.29%
2023	N/A	+16.84%
2022	N/A	-23.20%
2021	N/A	+22.88%
2020	N/A	+9.44%

BEEX vs MSTB Drawdown Comparison

The maximum drawdown for BEEX was -15.13%, occurring on Apr 8, 2025. Recovery took 92 trading sessions.

The maximum drawdown for MSTB was -25.64%, occurring on Sep 30, 2022. Recovery took 613 trading sessions.

The current BEEX drawdown is -2.02%. The current MSTB drawdown is -2.57%.

Rank	BEEX	MSTB
#1	-15.13% Jan 28, 2025 - Jun 10, 2025	-25.64% Jan 3, 2022 - Jun 12, 2024
#2	-11.24% Jan 12, 2026 - May 5, 2026	-10.81% Jan 23, 2025 - May 12, 2025
#3	-4.50% Dec 16, 2024 - Jan 22, 2025	-8.31% Oct 29, 2025 - Apr 16, 2026
#4	-4.10% Oct 28, 2025 - Nov 28, 2025	-6.18% Aug 30, 2021 - Nov 3, 2021
#5	-3.02% Jul 25, 2025 - Aug 13, 2025	-5.83% Nov 18, 2021 - Dec 23, 2021
#6	-2.75% Oct 6, 2025 - Oct 27, 2025	-5.60% Jul 16, 2024 - Sep 19, 2024
#7	-2.44% Dec 11, 2025 - Dec 23, 2025	-5.16% Oct 12, 2020 - Nov 9, 2020
#8	-2.07% Sep 22, 2025 - Oct 3, 2025	-5.03% Feb 12, 2021 - Apr 1, 2021
#9	-2.02% May 29, 2026 - Jun 5, 2026	-4.26% Dec 6, 2024 - Jan 23, 2025
#10	-1.44% Nov 28, 2025 - Dec 10, 2025	-3.39% Jul 12, 2021 - Jul 23, 2021
#11	-1.30% May 14, 2026 - May 28, 2026	-3.20% May 7, 2021 - Jun 30, 2021
#12	-1.15% Aug 13, 2025 - Aug 22, 2025	-2.88% Oct 18, 2024 - Nov 7, 2024
#13	-1.14% Jun 12, 2025 - Jun 24, 2025	-2.80% Oct 8, 2025 - Oct 21, 2025
#14	-0.93% Jul 3, 2025 - Jul 23, 2025	-2.62% May 19, 2025 - Jun 3, 2025
#15	-0.92% Dec 26, 2025 - Jan 5, 2026	-2.57% Jun 2, 2026 - Jun 5, 2026