iShares Breakthrough Environmental Solutions ETF (ETEC) Performance
ETEC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.4% since Dec 31, 2025
- 1 year
- −10.0% total return
- 3 years
- +5.4% a year
- Since first price
- −2.5% a year since 2023
ETEC trailing returns vs SPY, QQQ, AGG
| Period | ETEC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.7% | −8.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −16.4% | −16.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −21.5% | −21.8% | +7.8% | +8.4% | −1.5% |
| YTD | −9.4% | −9.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −10.0% | −10.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +17.0%+5.4%/yr | +10.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 30, 2023 | −8.5%−2.5%/yr | −13.8% | — | — | — |
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: ETEC vs SPY
From Mar 30, 2023: ETEC grew to $9,148, SPY to $19,662.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ETEC returns by calendar year
1 of 2 full years positive. Best 2025 (+31.9%), worst 2024 (−18.2%). 2026 is year to date.
ETEC annual returns table
| Year | ETEC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.4% | −29.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +31.9% | −22.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −18.2% | −17.1% | +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.
ETEC largest drawdowns
Now 29.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 28, 2023 | −39.7% | Apr 8, 2025 | Jan 12, 2026 | 1.7 years | 2.5 years |
| Jun 3, 2026 | −29.7% | Oct 23, 2026 | not yet | 5 months | 5 months so far |
| Feb 11, 2026 | −10.5% | Mar 6, 2026 | Apr 30, 2026 | 23 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ETEC risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +4.6% | −0.7% |
| Volatility (annualized) | 24.2% | 24.3% |
| Sharpe ratio | 0.12 | -0.09 |
| Sortino ratio | 0.17 | -0.12 |
| Best month | +11.8% | +11.8% |
| Worst month | −14.7% | −14.7% |
| Best 12 months | +62.8% | +62.8% |
| Worst 12 months | −18.2% | −19.8% |
| Positive months | 53% | 50% |
| Beta vs S&P 500 | 1.09 | — |
| Correlation with S&P 500 | 0.56 | — |
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.
ETEC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 32 | −19.8% | +2.1% | +62.8% | 56% |
| 3-year (a year) | 8 | +0.7% | +5.2% | +11.5% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
ETEC performance overview
iShares Breakthrough Environmental Solutions ETF (ETEC) returned −10.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned −2.5% a year, turning $10,000 into about $9,148. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.7%, from Jul 28, 2023 to Apr 8, 2025, and it took 9 months to get back to the old high. Volatility has been 24.3% a year.
Related: ETEC chart, ETEC holdings, ETEC dividends. See the ETEC overview for the latest quote and fund facts.
ETEC performance FAQ
What is the ETEC return over the past year?
ETEC returned −10.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 10.4%.
How much would $10,000 invested in ETEC be worth?
$10,000 invested in ETEC at its first recorded close on March 30, 2023 would be worth about $9,148 on October 23, 2026 with distributions reinvested.
What was the worst year for ETEC?
The worst calendar year was 2024, with a total return of −18.2%. The best was 2025 at +31.9%.
What is the biggest drawdown of ETEC?
The largest peak-to-trough decline was −39.7% between July 28, 2023 and April 8, 2025. It recovered to the old high on January 12, 2026, 9 months after the bottom.
How volatile is ETEC?
Over the past 3 years ETEC had an annualized volatility of 24.2% and a Sharpe ratio of 0.12 (excess return over 1–3 month T-bills per unit of risk).