First Trust S&P 500 Diversified Free Cash… (FCFY) Performance
FCFY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.6% since Dec 31, 2025
- 1 year
- +16.8% total return
- 3 years
- +20.0% a year
- Since first price
- +16.9% a year since 2023
FCFY trailing returns vs SPY, QQQ, AGG
| Period | FCFY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.7% | +5.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +14.0% | +13.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +18.3% | +17.6% | +7.8% | +8.4% | −1.5% |
| YTD | +13.6% | +12.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.8% | +15.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.7%+20.0%/yr | +64.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 24, 2023 | +63.9%+16.9%/yr | +55.8% | — | — | — |
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: FCFY vs SPY
From Aug 24, 2023: FCFY grew to $16,393, SPY to $18,101.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FCFY returns by calendar year
2 of 2 full years positive. Best 2025 (+16.8%), worst 2024 (+11.3%). 2026 is year to date.
FCFY annual returns table
| Year | FCFY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.6% | −11.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.8% | −21.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +11.3% | −7.5% | +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.
FCFY largest drawdowns
Now 1.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −21.4% | Apr 8, 2025 | Jul 2, 2025 | 48 days | 4 months |
| Jan 6, 2026 | −11.9% | Mar 27, 2026 | May 29, 2026 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FCFY risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +15.7% | +13.8% |
| Volatility (annualized) | 15.4% | 15.5% |
| Sharpe ratio | 0.74 | 0.63 |
| Sortino ratio | 1.26 | 1.05 |
| Best month | +8.7% | +8.7% |
| Worst month | −6.5% | −6.5% |
| Best 12 months | +28.2% | +28.2% |
| Worst 12 months | +0.6% | +0.6% |
| Positive months | 61% | 59% |
| Beta vs S&P 500 | 1.00 | — |
| Correlation with S&P 500 | 0.80 | — |
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.
FCFY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 27 | +0.6% | +12.0% | +28.2% | 100% |
| 3-year (a year) | 3 | +15.7% | +16.1% | +19.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
FCFY performance overview
First Trust S&P 500 Diversified Free Cash… (FCFY) returned +16.8% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +16.9% a year, turning $10,000 into about $16,393. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −21.4%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 15.5% a year.
Related: FCFY chart, FCFY holdings, FCFY dividends, FCFY valuation. See the FCFY overview for the latest quote and fund facts.
FCFY performance FAQ
What is the FCFY return over the past year?
FCFY returned +16.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.2%.
How much would $10,000 invested in FCFY be worth?
$10,000 invested in FCFY at its first recorded close on August 24, 2023 would be worth about $16,393 on October 23, 2026 with distributions reinvested.
What was the worst year for FCFY?
The worst calendar year was 2024, with a total return of +11.3%. The best was 2025 at +16.8%.
What is the biggest drawdown of FCFY?
The largest peak-to-trough decline was −21.4% between February 19, 2025 and April 8, 2025. It recovered to the old high on July 2, 2025, 3 months after the bottom.
How volatile is FCFY?
Over the past 3 years FCFY had an annualized volatility of 15.4% and a Sharpe ratio of 0.74 (excess return over 1–3 month T-bills per unit of risk).