Euclidean Fundamental Value ETF (ECML) Performance
ECML total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.6% since Dec 31, 2025
- 1 year
- +23.0% total return
- 3 years
- +16.5% a year
- Since first price
- +15.5% a year since 2023
ECML trailing returns vs SPY, QQQ, AGG
| Period | ECML total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.7% | +5.7% | +7.8% | +8.4% | −1.5% |
| YTD | +20.6% | +20.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +23.0% | +21.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.2%+16.5%/yr | +53.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 18, 2023 | +63.9%+15.5%/yr | +58.9% | — | — | — |
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: ECML vs SPY
From May 18, 2023: ECML grew to $16,393, SPY to $18,933.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ECML returns by calendar year
2 of 2 full years positive. Best 2025 (+6.8%), worst 2024 (+2.4%). 2026 is year to date.
ECML annual returns table
| Year | ECML | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.6% | −7.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.8% | −19.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.4% | −12.4% | +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.
ECML largest drawdowns
Now 5.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −24.7% | Apr 8, 2025 | Jan 8, 2026 | 4 months | 1.1 years |
| Aug 1, 2023 | −11.1% | Oct 27, 2023 | Dec 13, 2023 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ECML risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +13.1% | +16.6% |
| Volatility (annualized) | 18.0% | 18.8% |
| Sharpe ratio | 0.53 | 0.68 |
| Sortino ratio | 0.85 | 1.17 |
| Best month | +11.5% | +14.0% |
| Worst month | −10.8% | −10.8% |
| Best 12 months | +31.8% | +38.1% |
| Worst 12 months | −10.5% | −10.5% |
| Positive months | 58% | 57% |
| Beta vs S&P 500 | 0.78 | — |
| Correlation with S&P 500 | 0.54 | — |
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.
ECML rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 30 | −10.5% | +17.7% | +38.1% | 67% |
| 3-year (a year) | 6 | +12.1% | +13.9% | +16.8% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
ECML performance overview
Euclidean Fundamental Value ETF (ECML) returned +23.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +15.5% a year, turning $10,000 into about $16,393. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.7%, from Nov 25, 2024 to Apr 8, 2025, and it took 9 months to get back to the old high. Volatility has been 18.8% a year.
Related: ECML chart, ECML holdings, ECML dividends, ECML valuation. See the ECML overview for the latest quote and fund facts.
ECML performance FAQ
What is the ECML return over the past year?
ECML returned +23.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 21.3%.
How much would $10,000 invested in ECML be worth?
$10,000 invested in ECML at its first recorded close on May 18, 2023 would be worth about $16,393 on October 23, 2026 with distributions reinvested.
What was the worst year for ECML?
The worst calendar year was 2024, with a total return of +2.4%. The best was 2025 at +6.8%.
What is the biggest drawdown of ECML?
The largest peak-to-trough decline was −24.7% between November 25, 2024 and April 8, 2025. It recovered to the old high on January 8, 2026, 9 months after the bottom.
How volatile is ECML?
Over the past 3 years ECML had an annualized volatility of 18.0% and a Sharpe ratio of 0.53 (excess return over 1–3 month T-bills per unit of risk).