Northern Lights Fund Trust IV (FMCE) Performance
FMCE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.4% since Dec 31, 2025
- 1 year
- +8.3% total return
- Since first price
- +18.3% since 2024
FMCE trailing returns vs SPY, QQQ, AGG
| Period | FMCE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.9% | +3.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.9% | +7.8% | +7.8% | +8.4% | −1.5% |
| YTD | +9.4% | +9.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.3% | +5.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 11, 2024 | +18.3% | +14.2% | — | — | — |
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: FMCE vs SPY
From Nov 11, 2024: FMCE grew to $11,827, SPY to $12,985.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FMCE returns by calendar year
1 of 1 full years positive. Best 2025 (+11.1%), worst 2025 (+11.1%). 2026 is year to date.
FMCE annual returns table
| Year | FMCE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.4% | −10.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.1% | −11.3% | +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.
FMCE largest drawdowns
Now 2.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 29, 2024 | −11.7% | Apr 8, 2025 | May 12, 2025 | 4 months | 5 months |
| Jan 9, 2026 | −10.8% | Mar 30, 2026 | Apr 29, 2026 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FMCE risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +7.5% |
| Volatility (annualized) | 11.5% |
| Sharpe ratio | 0.35 |
| Sortino ratio | 0.59 |
| Best month | +10.3% |
| Worst month | −5.1% |
| Best 12 months | +14.3% |
| Worst 12 months | +2.8% |
| Positive months | 59% |
| 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.
FMCE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +2.8% | +10.5% | +14.3% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
FMCE performance overview
Northern Lights Fund Trust IV (FMCE) returned +8.3% over the past year, with distributions reinvested. Since its first recorded price on Nov 11, 2024 it has returned +18.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −11.7%, from Nov 29, 2024 to Apr 8, 2025, and it took 34 days to get back to the old high. Volatility has been 11.5% a year.
Related: FMCE chart, FMCE holdings, FMCE dividends, FMCE valuation. See the FMCE overview for the latest quote and fund facts.
FMCE performance FAQ
What is the FMCE return over the past year?
FMCE returned +8.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.1%.
How much would $10,000 invested in FMCE be worth?
$10,000 invested in FMCE at its first recorded close on November 11, 2024 would be worth about $11,827 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FMCE?
The largest peak-to-trough decline was −11.7% between November 29, 2024 and April 8, 2025. It recovered to the old high on May 12, 2025, 34 days after the bottom.
How volatile is FMCE?
Over the past history FMCE had an annualized volatility of 11.5% and a Sharpe ratio of 0.35 (excess return over 1–3 month T-bills per unit of risk).