abrdn Focused U.S. Small Cap Active ETF (AFSC) Performance
AFSC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +18.6% since Dec 31, 2025
- 1 year
- +18.9% total return
- Since first price
- +20.4% since 2025
AFSC trailing returns vs SPY, QQQ, AGG
| Period | AFSC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.8% | −1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.2% | −4.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.9% | +5.9% | +7.8% | +8.4% | −1.5% |
| YTD | +18.6% | +18.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.9% | +18.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 14, 2025 | +20.4% | +20.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AFSC vs SPY
From Feb 14, 2025: AFSC grew to $12,044, SPY to $12,710.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AFSC returns by calendar year
2026 is year to date.
AFSC annual returns table
| Year | AFSC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +18.6% | −10.3% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AFSC largest drawdowns
Now 9.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2025 | −22.5% | Apr 8, 2025 | Aug 22, 2025 | 53 days | 6 months |
| Mar 2, 2026 | −10.3% | Mar 30, 2026 | Apr 14, 2026 | 28 days | 43 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AFSC risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +18.8% |
| Volatility (annualized) | 18.6% |
| Sharpe ratio | 0.81 |
| Sortino ratio | 1.65 |
| Best month | +14.2% |
| Worst month | −7.3% |
| Best 12 months | +38.2% |
| Worst 12 months | +17.1% |
| Positive months | 58% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AFSC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | +17.1% | +25.8% | +38.2% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
AFSC performance overview
abrdn Focused U.S. Small Cap Active ETF (AFSC) returned +18.9% over the past year, with distributions reinvested. Since its first recorded price on Feb 14, 2025 it has returned +20.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.5%, from Feb 14, 2025 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 18.6% a year.
Related: AFSC chart, AFSC holdings, AFSC dividends, AFSC valuation. See the AFSC overview for the latest quote and fund facts.
AFSC performance FAQ
What is the AFSC return over the past year?
AFSC returned +18.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.8%.
How much would $10,000 invested in AFSC be worth?
$10,000 invested in AFSC at its first recorded close on February 14, 2025 would be worth about $12,044 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of AFSC?
The largest peak-to-trough decline was −22.5% between February 14, 2025 and April 8, 2025. It recovered to the old high on August 22, 2025, 4 months after the bottom.
How volatile is AFSC?
Over the past history AFSC had an annualized volatility of 18.6% and a Sharpe ratio of 0.81 (excess return over 1–3 month T-bills per unit of risk).