SMI 3Fourteen Full-Cycle Trend ETF (FCTE) Performance
FCTE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +18.6% since Dec 31, 2025
- 1 year
- +14.7% total return
- Since first price
- +20.3% since 2024
FCTE trailing returns vs SPY, QQQ, AGG
| Period | FCTE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.9% | +1.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.5% | +2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.8% | +7.8% | +7.8% | +8.4% | −1.5% |
| YTD | +18.6% | +18.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.7% | +14.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 2, 2024 | +20.3% | +19.9% | — | — | — |
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: FCTE vs SPY
From Jul 2, 2024: FCTE grew to $12,033, SPY to $14,205.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FCTE returns by calendar year
0 of 1 full years positive. Best 2025 (−3.8%), worst 2025 (−3.8%). 2026 is year to date.
FCTE annual returns table
| Year | FCTE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +18.6% | −12.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −3.8% | −18.6% | +17.7% | +20.8% | +7.2% |
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.
FCTE largest drawdowns
Now 3.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 14, 2024 | −19.7% | Apr 8, 2025 | Jun 15, 2026 | 6 months | 1.7 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FCTE risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +4.1% |
| Volatility (annualized) | 15.1% |
| Sharpe ratio | 0.07 |
| Sortino ratio | 0.10 |
| Best month | +10.0% |
| Worst month | −8.2% |
| Best 12 months | +12.5% |
| Worst 12 months | −7.8% |
| Positive months | 54% |
| 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.
FCTE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 16 | −7.8% | +0.1% | +19.6% | 50% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
FCTE performance overview
SMI 3Fourteen Full-Cycle Trend ETF (FCTE) returned +14.7% over the past year, with distributions reinvested. Since its first recorded price on Jul 2, 2024 it has returned +20.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.7%, from Oct 14, 2024 to Apr 8, 2025, and it took 1.2 years to get back to the old high. Volatility has been 15.1% a year.
Related: FCTE chart, FCTE holdings, FCTE dividends, FCTE valuation. See the FCTE overview for the latest quote and fund facts.
FCTE performance FAQ
What is the FCTE return over the past year?
FCTE returned +14.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.6%.
How much would $10,000 invested in FCTE be worth?
$10,000 invested in FCTE at its first recorded close on July 2, 2024 would be worth about $12,033 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FCTE?
The largest peak-to-trough decline was −19.7% between October 14, 2024 and April 8, 2025. It recovered to the old high on June 15, 2026, 1.2 years after the bottom.
How volatile is FCTE?
Over the past history FCTE had an annualized volatility of 15.1% and a Sharpe ratio of 0.07 (excess return over 1–3 month T-bills per unit of risk).