Elm Market Navigator ETF (ELM) Performance
ELM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.8% since Dec 31, 2025
- 1 year
- +8.3% total return
- Since first price
- +19.5% since 2025
ELM trailing returns vs AGG, TLT, SPY
| Period | ELM total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.2% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.5% | +0.5% | −0.4% | −1.0% | +3.2% |
| 6 months | +2.6% | +2.6% | −1.5% | −3.8% | +7.8% |
| YTD | +6.8% | +6.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +8.3% | +5.5% | −1.1% | −6.9% | +14.4% |
| Since inceptionFeb 11, 2025 | +19.5% | +16.3% | — | — | — |
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: ELM vs AGG
From Feb 11, 2025: ELM grew to $11,945, AGG to $10,540.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ELM returns by calendar year
2026 is year to date.
ELM annual returns table
| Year | ELM | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +6.8% | −7.5% | −1.0% | −3.4% | +12.3% |
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.
ELM largest drawdowns
Now 2.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2025 | −9.0% | Apr 8, 2025 | Jun 4, 2025 | 49 days | 3 months |
| Feb 25, 2026 | −7.5% | Mar 30, 2026 | May 6, 2026 | 33 days | 2 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
ELM risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +12.6% |
| Volatility (annualized) | 7.9% |
| Sharpe ratio | 1.07 |
| Sortino ratio | 1.75 |
| Best month | +5.3% |
| Worst month | −5.2% |
| Best 12 months | +20.1% |
| Worst 12 months | +9.8% |
| Positive months | 74% |
| 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.
ELM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | +7.9% | +15.7% | +20.1% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
ELM performance overview
Elm Market Navigator ETF (ELM) returned +8.3% over the past year, with distributions reinvested. Since its first recorded price on Feb 11, 2025 it has returned +19.5%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −9.0%, from Feb 18, 2025 to Apr 8, 2025, and it took 57 days to get back to the old high. Volatility has been 7.9% a year.
Related: ELM chart, ELM holdings, ELM dividends, ELM bond profile. See the ELM overview for the latest quote and fund facts.
ELM performance FAQ
What is the ELM return over the past year?
ELM returned +8.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.5%.
How much would $10,000 invested in ELM be worth?
$10,000 invested in ELM at its first recorded close on February 11, 2025 would be worth about $11,945 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of ELM?
The largest peak-to-trough decline was −9.0% between February 18, 2025 and April 8, 2025. It recovered to the old high on June 4, 2025, 57 days after the bottom.
How volatile is ELM?
Over the past history ELM had an annualized volatility of 7.9% and a Sharpe ratio of 1.07 (excess return over 1–3 month T-bills per unit of risk).