TrueShares Structured Outcome (December) ETF (DECZ) Performance
DECZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.4% since Dec 31, 2025
- 1 year
- +9.8% total return
- 5 years
- +10.0% a year
- Since first price
- +11.6% a year since 2020
DECZ trailing returns vs SPY, QQQ, AGG
| Period | DECZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.1% | +2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.4% | +5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +8.4% | +8.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.8% | +6.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.5%+16.6%/yr | +47.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +61.3%+10.0%/yr | +47.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 1, 2020 | +90.4%+11.6%/yr | +74.4% | — | — | — |
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: DECZ vs SPY
From Dec 1, 2020: DECZ grew to $19,044, SPY to $22,512.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DECZ returns by calendar year
4 of 5 full years positive. Best 2021 (+20.1%), worst 2022 (−8.9%). 2026 is year to date.
DECZ annual returns table
| Year | DECZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.4% | −7.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.3% | −14.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.9% | −6.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.3% | −7.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.9% | −16.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +20.1% | −4.2% | +28.7% | +27.4% | −1.8% |
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.
DECZ largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −16.6% | Oct 12, 2022 | Jun 13, 2023 | 9 months | 1.4 years |
| Feb 19, 2025 | −14.2% | Apr 8, 2025 | Jun 27, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DECZ risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +16.3% | +11.1% | +11.6% |
| Volatility (annualized) | 9.2% | 11.6% | 11.1% |
| Sharpe ratio | 1.23 | 0.66 | 0.77 |
| Sortino ratio | 2.48 | 1.08 | 1.27 |
| Best month | +7.9% | +7.9% | +7.9% |
| Worst month | −3.9% | −6.6% | −6.6% |
| Best 12 months | +27.1% | +27.1% | +27.1% |
| Worst 12 months | +6.9% | −9.5% | −9.5% |
| Positive months | 64% | 60% | 62% |
| Beta vs S&P 500 | 0.74 | 0.73 | — |
| Correlation with S&P 500 | 1.00 | 0.99 | — |
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.
DECZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −9.5% | +11.9% | +27.1% | 80% |
| 3-year (a year) | 35 | +7.4% | +12.2% | +18.9% | 100% |
| 5-year (a year) | 11 | +9.7% | +10.8% | +11.9% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
DECZ performance overview
TrueShares Structured Outcome (December) ETF (DECZ) returned +9.8% over the past year and +10.0% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +11.6% a year, turning $10,000 into about $19,044. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.6%, from Jan 4, 2022 to Oct 12, 2022, and it took 8 months to get back to the old high. DECZ finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+20.1%) and the worst 2022 (−8.9%). Volatility has been 11.1% a year.
Related: DECZ chart, DECZ dividends. See the DECZ overview for the latest quote and fund facts.
DECZ performance FAQ
What is the DECZ return over the past year?
DECZ returned +9.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.3%.
What is the average annual return of DECZ?
DECZ has returned +10.0% a year over 5 years, +11.6% a year since December 1, 2020 (total return, distributions reinvested).
How much would $10,000 invested in DECZ be worth?
$10,000 invested in DECZ at its first recorded close on December 1, 2020 would be worth about $19,044 on October 23, 2026 with distributions reinvested.
What was the worst year for DECZ?
The worst calendar year was 2022, with a total return of −8.9%. The best was 2021 at +20.1%.
What is the biggest drawdown of DECZ?
The largest peak-to-trough decline was −16.6% between January 4, 2022 and October 12, 2022. It recovered to the old high on June 13, 2023, 8 months after the bottom.
How volatile is DECZ?
Over the past 3 years DECZ had an annualized volatility of 9.2% and a Sharpe ratio of 1.23 (excess return over 1–3 month T-bills per unit of risk).