FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) Performance
FMQQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −13.4% since Dec 31, 2025
- 1 year
- −18.8% total return
- 5 years
- −13.6% a year
- Since first price
- −13.3% a year since 2021
FMQQ trailing returns vs SPY, QQQ, AGG
| Period | FMQQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.5% | −3.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.9% | +0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.5% | −0.5% | +7.8% | +8.4% | −1.5% |
| YTD | −13.4% | −13.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −18.8% | −19.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +23.1%+7.2%/yr | +21.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −51.9%−13.6%/yr | −52.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 28, 2021 | −51.6%−13.3%/yr | −52.1% | — | — | — |
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: FMQQ vs SPY
From Sep 28, 2021: FMQQ grew to $4,844, SPY to $18,734.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FMQQ returns by calendar year
3 of 4 full years positive. Best 2023 (+15.2%), worst 2022 (−54.0%). 2026 is year to date.
FMQQ annual returns table
| Year | FMQQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −13.4% | −24.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.8% | −14.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.5% | −8.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.2% | −17.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −54.0% | −56.9% | −18.2% | −32.6% | −13.0% |
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.
FMQQ largest drawdowns
Now 53.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 19, 2021 | −64.5% | Oct 14, 2022 | not yet | 12 months | 5.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FMQQ risk statistics
| Statistic | 3 years | 5 years |
|---|---|---|
| Annualized return | +4.9% | −13.8% |
| Volatility (annualized) | 17.1% | 23.0% |
| Sharpe ratio | 0.11 | -0.69 |
| Sortino ratio | 0.16 | -0.82 |
| Best month | +11.1% | +12.5% |
| Worst month | −10.2% | −18.0% |
| Best 12 months | +36.8% | +36.8% |
| Worst 12 months | −21.8% | −60.8% |
| Positive months | 58% | 48% |
| Beta vs S&P 500 | 0.80 | 1.07 |
| Correlation with S&P 500 | 0.58 | 0.73 |
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.
FMQQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 50 | −60.8% | +4.7% | +36.8% | 60% |
| 3-year (a year) | 26 | −18.7% | +5.0% | +15.4% | 73% |
| 5-year (a year) | 2 | −13.8% | −13.6% | −13.3% | 0% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FMQQ performance overview
FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) returned −18.8% over the past year and −13.6% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −13.3% a year, turning $10,000 into about $4,844. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −64.5%, from Oct 19, 2021 to Oct 14, 2022; the fund has not yet regained that high. FMQQ finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+15.2%) and the worst 2022 (−54.0%). Volatility has been 23.0% a year.
Related: FMQQ chart, FMQQ holdings, FMQQ dividends. See the FMQQ overview for the latest quote and fund facts.
FMQQ performance FAQ
What is the FMQQ return over the past year?
FMQQ returned −18.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 19.3%.
What is the average annual return of FMQQ?
FMQQ has returned −13.6% a year over 5 years, −13.3% a year since September 28, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FMQQ be worth?
$10,000 invested in FMQQ at its first recorded close on September 28, 2021 would be worth about $4,844 on October 23, 2026 with distributions reinvested.
What was the worst year for FMQQ?
The worst calendar year was 2022, with a total return of −54.0%. The best was 2023 at +15.2%.
What is the biggest drawdown of FMQQ?
The largest peak-to-trough decline was −64.5% between October 19, 2021 and October 14, 2022. It has not yet recovered to that high; it is 53.2% below its peak.
How volatile is FMQQ?
Over the past 3 years FMQQ had an annualized volatility of 17.1% and a Sharpe ratio of 0.11 (excess return over 1–3 month T-bills per unit of risk).