Formidable ETF (FORH) Performance
FORH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.1% since Dec 31, 2025
- 1 year
- −14.3% total return
- 5 years
- +0.7% a year
- Since first price
- +0.4% a year since 2021
FORH trailing returns vs SPY, QQQ, AGG
| Period | FORH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.4% | −4.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.9% | −2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −7.6% | −7.6% | +7.8% | +8.4% | −1.5% |
| YTD | −4.1% | −4.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −14.3% | −15.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +12.9%+4.1%/yr | +6.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +3.7%+0.7%/yr | −6.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 29, 2021 | +2.1%+0.4%/yr | −7.6% | — | — | — |
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: FORH vs SPY
From Apr 29, 2021: FORH grew to $10,209, SPY to $19,469.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FORH returns by calendar year
1 of 4 full years positive. Best 2025 (+16.3%), worst 2024 (−5.6%). 2026 is year to date.
FORH annual returns table
| Year | FORH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.1% | −10.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.3% | −12.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −5.6% | −13.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −0.7% | −14.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −1.6% | −14.5% | −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.
FORH largest drawdowns
Now 14.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 20, 2022 | −20.7% | Apr 8, 2025 | Sep 22, 2025 | 3.0 years | 3.4 years |
| Oct 23, 2025 | −14.3% | Oct 23, 2026 | not yet | 1.0 years | 1.0 years so far |
| Jun 8, 2021 | −10.5% | Dec 1, 2021 | Apr 1, 2022 | 6 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FORH risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +4.5% | +1.8% | +1.0% |
| Volatility (annualized) | 13.4% | 13.5% | 13.3% |
| Sharpe ratio | 0.07 | -0.07 | -0.11 |
| Sortino ratio | 0.11 | -0.10 | -0.15 |
| Best month | +9.7% | +9.7% | +9.7% |
| Worst month | −7.3% | −7.3% | −7.3% |
| Best 12 months | +24.5% | +24.5% | +24.5% |
| Worst 12 months | −9.9% | −9.9% | −9.9% |
| Positive months | 56% | 53% | 52% |
| Beta vs S&P 500 | 0.55 | 0.55 | — |
| Correlation with S&P 500 | 0.51 | 0.64 | — |
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.
FORH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −9.9% | +0.3% | +24.5% | 53% |
| 3-year (a year) | 31 | −4.3% | +1.3% | +6.3% | 68% |
| 5-year (a year) | 7 | +0.6% | +1.8% | +2.4% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FORH performance overview
Formidable ETF (FORH) returned −14.3% over the past year and +0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +0.4% a year, turning $10,000 into about $10,209. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.7%, from Apr 20, 2022 to Apr 8, 2025, and it took 5 months to get back to the old high. FORH finished 1 of its 4 full calendar years with a gain; the best year was 2025 (+16.3%) and the worst 2024 (−5.6%). Volatility has been 13.3% a year.
Related: FORH chart, FORH holdings, FORH dividends, FORH valuation. See the FORH overview for the latest quote and fund facts.
FORH performance FAQ
What is the FORH return over the past year?
FORH returned −14.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 15.8%.
What is the average annual return of FORH?
FORH has returned +0.7% a year over 5 years, +0.4% a year since April 29, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FORH be worth?
$10,000 invested in FORH at its first recorded close on April 29, 2021 would be worth about $10,209 on October 23, 2026 with distributions reinvested.
What was the worst year for FORH?
The worst calendar year was 2024, with a total return of −5.6%. The best was 2025 at +16.3%.
What is the biggest drawdown of FORH?
The largest peak-to-trough decline was −20.7% between April 20, 2022 and April 8, 2025. It recovered to the old high on September 22, 2025, 5 months after the bottom.
How volatile is FORH?
Over the past 3 years FORH had an annualized volatility of 13.4% and a Sharpe ratio of 0.07 (excess return over 1–3 month T-bills per unit of risk).