Pinnacle Focused Opportunities ETF (FCUS) Performance
FCUS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.0% since Dec 31, 2025
- 1 year
- +22.6% total return
- 3 years
- +28.4% a year
- Since first price
- +22.4% a year since 2022
FCUS trailing returns vs SPY, QQQ, AGG
| Period | FCUS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.4% | −10.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.2% | −3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.9% | −5.9% | +7.8% | +8.4% | −1.5% |
| YTD | +20.0% | +20.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +22.6% | +17.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +111.4%+28.4%/yr | +83.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 28, 2022 | +116.4%+22.4%/yr | +88.2% | — | — | — |
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: FCUS vs SPY
From Dec 28, 2022: FCUS grew to $21,643, SPY to $21,154.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FCUS returns by calendar year
3 of 3 full years positive. Best 2024 (+30.6%), worst 2025 (+13.7%). 2026 is year to date.
FCUS annual returns table
| Year | FCUS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.0% | −31.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.7% | −39.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +30.6% | −15.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.1% | −13.0% | +26.2% | +54.9% | +5.7% |
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.
FCUS largest drawdowns
Now 20.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2025 | −39.9% | Apr 8, 2025 | Oct 28, 2025 | 49 days | 8 months |
| Jun 3, 2026 | −31.3% | Jul 29, 2026 | not yet | 56 days | 5 months so far |
| Nov 3, 2025 | −17.7% | Nov 20, 2025 | Jan 6, 2026 | 17 days | 2 months |
| May 28, 2024 | −15.5% | Aug 5, 2024 | Sep 23, 2024 | 2 months | 4 months |
| Feb 25, 2026 | −15.0% | Mar 6, 2026 | Apr 22, 2026 | 9 days | 56 days |
| Dec 6, 2024 | −13.4% | Jan 13, 2025 | Feb 4, 2025 | 38 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FCUS risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +31.2% | +26.6% |
| Volatility (annualized) | 32.3% | 29.7% |
| Sharpe ratio | 0.88 | 0.80 |
| Sortino ratio | 1.40 | 1.29 |
| Best month | +17.4% | +17.4% |
| Worst month | −19.7% | −19.7% |
| Best 12 months | +90.2% | +90.2% |
| Worst 12 months | −10.9% | −10.9% |
| Positive months | 64% | 60% |
| Beta vs S&P 500 | 1.83 | — |
| Correlation with S&P 500 | 0.70 | — |
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.
FCUS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 35 | −10.9% | +26.9% | +90.2% | 91% |
| 3-year (a year) | 11 | +21.6% | +28.4% | +36.6% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
FCUS performance overview
Pinnacle Focused Opportunities ETF (FCUS) returned +22.6% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +22.4% a year, turning $10,000 into about $21,643. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.9%, from Feb 18, 2025 to Apr 8, 2025, and it took 7 months to get back to the old high. FCUS finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+30.6%) and the worst 2025 (+13.7%). Volatility has been 29.7% a year.
Related: FCUS chart, FCUS holdings, FCUS dividends, FCUS valuation. See the FCUS overview for the latest quote and fund facts.
FCUS performance FAQ
What is the FCUS return over the past year?
FCUS returned +22.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.6%.
How much would $10,000 invested in FCUS be worth?
$10,000 invested in FCUS at its first recorded close on December 28, 2022 would be worth about $21,643 on October 23, 2026 with distributions reinvested.
What was the worst year for FCUS?
The worst calendar year was 2025, with a total return of +13.7%. The best was 2024 at +30.6%.
What is the biggest drawdown of FCUS?
The largest peak-to-trough decline was −39.9% between February 18, 2025 and April 8, 2025. It recovered to the old high on October 28, 2025, 7 months after the bottom.
How volatile is FCUS?
Over the past 3 years FCUS had an annualized volatility of 32.3% and a Sharpe ratio of 0.88 (excess return over 1–3 month T-bills per unit of risk).