FMC Excelsior Focus Equity ETF (FMCX) Performance
FMCX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.7% since Dec 31, 2025
- 1 year
- +2.5% total return
- 3 years
- +17.0% a year
- Since first price
- +9.5% a year since 2022
FMCX trailing returns vs SPY, QQQ, AGG
| Period | FMCX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.5% | +2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.0% | +3.0% | +7.8% | +8.4% | −1.5% |
| YTD | +4.7% | +4.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.5% | +2.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +60.3%+17.0%/yr | +54.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionApr 25, 2022 | +50.3%+9.5%/yr | +43.0% | — | — | — |
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: FMCX vs SPY
From Apr 25, 2022: FMCX grew to $15,032, SPY to $18,837.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FMCX returns by calendar year
3 of 3 full years positive. Best 2023 (+21.9%), worst 2025 (+11.3%). 2026 is year to date.
FMCX annual returns table
| Year | FMCX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.7% | −12.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.3% | −17.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.1% | −6.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.9% | −11.7% | +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.
FMCX largest drawdowns
Now 4.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2025 | −17.7% | Apr 8, 2025 | Jun 26, 2025 | 2 months | 5 months |
| Aug 16, 2022 | −17.3% | Oct 12, 2022 | Jun 15, 2023 | 57 days | 10 months |
| Apr 25, 2022 | −15.1% | Jun 16, 2022 | Aug 15, 2022 | 52 days | 4 months |
| Jan 12, 2026 | −12.6% | Mar 30, 2026 | Apr 30, 2026 | 3 months | 4 months |
| Jul 25, 2023 | −11.7% | Oct 27, 2023 | Nov 30, 2023 | 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.
FMCX risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +16.2% | +11.0% |
| Volatility (annualized) | 13.7% | 15.3% |
| Sharpe ratio | 0.85 | 0.49 |
| Sortino ratio | 1.70 | 0.81 |
| Best month | +11.9% | +11.9% |
| Worst month | −5.1% | −8.9% |
| Best 12 months | +33.7% | +33.7% |
| Worst 12 months | +3.2% | −0.5% |
| Positive months | 58% | 58% |
| Beta vs S&P 500 | 1.03 | — |
| Correlation with S&P 500 | 0.94 | — |
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.
FMCX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 43 | −0.5% | +14.8% | +33.7% | 95% |
| 3-year (a year) | 19 | +9.0% | +15.4% | +20.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
FMCX performance overview
FMC Excelsior Focus Equity ETF (FMCX) returned +2.5% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +9.5% a year, turning $10,000 into about $15,032. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.7%, from Jan 23, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. FMCX finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+21.9%) and the worst 2025 (+11.3%). Volatility has been 15.3% a year.
Related: FMCX chart, FMCX holdings, FMCX dividends, FMCX valuation. See the FMCX overview for the latest quote and fund facts.
FMCX performance FAQ
What is the FMCX return over the past year?
FMCX returned +2.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.2%.
How much would $10,000 invested in FMCX be worth?
$10,000 invested in FMCX at its first recorded close on April 25, 2022 would be worth about $15,032 on October 23, 2026 with distributions reinvested.
What was the worst year for FMCX?
The worst calendar year was 2025, with a total return of +11.3%. The best was 2023 at +21.9%.
What is the biggest drawdown of FMCX?
The largest peak-to-trough decline was −17.7% between January 23, 2025 and April 8, 2025. It recovered to the old high on June 26, 2025, 3 months after the bottom.
How volatile is FMCX?
Over the past 3 years FMCX had an annualized volatility of 13.7% and a Sharpe ratio of 0.85 (excess return over 1–3 month T-bills per unit of risk).