CoreValues Alpha Greater China Growth ETF (CGRO) Performance
CGRO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −26.7% since Dec 31, 2025
- 1 year
- −32.9% total return
- 3 years
- +2.2% a year
- Since first price
- +1.0% a year since 2023
CGRO trailing returns vs SPY, QQQ, AGG
| Period | CGRO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.5% | −24.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.7% | −27.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.6% | −35.1% | +7.8% | +8.4% | −1.5% |
| YTD | −26.7% | −41.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −32.9% | −48.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +6.9%+2.2%/yr | −19.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 17, 2023 | +3.2%+1.0%/yr | −22.1% | — | — | — |
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: CGRO vs SPY
From Oct 17, 2023: CGRO grew to $10,319, SPY to $18,073.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CGRO returns by calendar year
2 of 2 full years positive. Best 2025 (+20.2%), worst 2024 (+14.7%). 2026 is year to date.
CGRO annual returns table
| Year | CGRO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −26.7% | −32.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.2% | −24.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +14.7% | −21.7% | +24.9% | +25.6% | +1.3% |
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.
CGRO largest drawdowns
Now 37.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 2, 2025 | −38.1% | Oct 22, 2026 | not yet | 1.1 years | 1.1 years so far |
| Mar 17, 2025 | −24.7% | Apr 8, 2025 | Aug 21, 2025 | 22 days | 5 months |
| Oct 7, 2024 | −22.5% | Jan 10, 2025 | Mar 17, 2025 | 3 months | 5 months |
| May 17, 2024 | −17.0% | Aug 5, 2024 | Sep 26, 2024 | 3 months | 4 months |
| Nov 15, 2023 | −14.2% | Feb 2, 2024 | May 2, 2024 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CGRO risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +3.6% |
| Volatility (annualized) | 25.6% |
| Sharpe ratio | 0.09 |
| Sortino ratio | 0.15 |
| Best month | +27.8% |
| Worst month | −11.5% |
| Best 12 months | +59.6% |
| Worst 12 months | −33.4% |
| Positive months | 51% |
| 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.
CGRO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | −33.4% | +20.2% | +59.6% | 64% |
| 3-year (a year) | 1 | +2.1% | +2.1% | +2.1% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
CGRO performance overview
CoreValues Alpha Greater China Growth ETF (CGRO) returned −32.9% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +1.0% a year, turning $10,000 into about $10,319. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.1%, from Oct 2, 2025 to Oct 22, 2026; the fund has not yet regained that high. Volatility has been 25.6% a year.
Related: CGRO chart, CGRO holdings, CGRO dividends. See the CGRO overview for the latest quote and fund facts.
CGRO performance FAQ
What is the CGRO return over the past year?
CGRO returned −32.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 48.0%.
How much would $10,000 invested in CGRO be worth?
$10,000 invested in CGRO at its first recorded close on October 17, 2023 would be worth about $10,319 on October 23, 2026 with distributions reinvested.
What was the worst year for CGRO?
The worst calendar year was 2024, with a total return of +14.7%. The best was 2025 at +20.2%.
What is the biggest drawdown of CGRO?
The largest peak-to-trough decline was −38.1% between October 2, 2025 and October 22, 2026. It has not yet recovered to that high; it is 37.3% below its peak.
How volatile is CGRO?
Over the past history CGRO had an annualized volatility of 25.6% and a Sharpe ratio of 0.09 (excess return over 1–3 month T-bills per unit of risk).