Freedom 100 Emerging Markets ETF (FRDM) Performance
FRDM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +25.7% since Dec 31, 2025
- 1 year
- +38.7% total return
- 5 years
- +17.0% a year
- Since first price
- +16.1% a year since 2019
FRDM trailing returns vs SPY, QQQ, AGG
| Period | FRDM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.9% | −11.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.7% | −4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.8% | +2.9% | +7.8% | +8.4% | −1.5% |
| YTD | +25.7% | +24.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +38.7% | +36.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +143.7%+34.6%/yr | +126.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +119.3%+17.0%/yr | +91.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 23, 2019 | +201.9%+16.1%/yr | +155.8% | — | — | — |
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: FRDM vs SPY
From May 23, 2019: FRDM grew to $30,189, SPY to $30,053.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FRDM returns by calendar year
5 of 6 full years positive. Best 2025 (+61.3%), worst 2022 (−14.4%). 2026 is year to date.
FRDM annual returns table
| Year | FRDM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +25.7% | −19.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +61.3% | −14.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.7% | −13.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.8% | −15.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.4% | −29.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.1% | −8.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +16.9% | −40.5% | +18.3% | +48.6% | +7.5% |
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.
FRDM largest drawdowns
Now 15.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 13, 2020 | −40.5% | Mar 23, 2020 | Nov 11, 2020 | 2 months | 10 months |
| Jan 12, 2022 | −29.2% | Oct 14, 2022 | Dec 27, 2023 | 9 months | 2.0 years |
| Jun 22, 2026 | −19.2% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 25, 2026 | −16.9% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
| Sep 26, 2024 | −15.4% | Apr 8, 2025 | May 2, 2025 | 6 months | 7 months |
| Jul 12, 2024 | −13.7% | Aug 5, 2024 | Sep 26, 2024 | 24 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.
FRDM risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +38.5% | +19.5% | +17.6% |
| Volatility (annualized) | 21.5% | 22.6% | 23.0% |
| Sharpe ratio | 1.43 | 0.75 | 0.71 |
| Sortino ratio | 2.74 | 1.18 | 1.11 |
| Best month | +15.3% | +15.3% | +17.6% |
| Worst month | −12.6% | −14.7% | −19.9% |
| Best 12 months | +96.5% | +96.5% | +96.5% |
| Worst 12 months | +1.7% | −22.8% | −22.8% |
| Positive months | 69% | 65% | 65% |
| Beta vs S&P 500 | 1.01 | 1.03 | — |
| Correlation with S&P 500 | 0.58 | 0.71 | — |
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.
FRDM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 78 | −22.8% | +15.2% | +96.5% | 78% |
| 3-year (a year) | 54 | +0.7% | +7.8% | +38.5% | 100% |
| 5-year (a year) | 30 | +5.8% | +13.5% | +19.5% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
FRDM performance overview
Freedom 100 Emerging Markets ETF (FRDM) returned +38.7% over the past year and +17.0% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +16.1% a year, turning $10,000 into about $30,189. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.5%, from Jan 13, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. FRDM finished 5 of its 6 full calendar years with a gain; the best year was 2025 (+61.3%) and the worst 2022 (−14.4%). Volatility has been 23.0% a year.
Related: FRDM chart, FRDM holdings, FRDM dividends. See the FRDM overview for the latest quote and fund facts.
FRDM performance FAQ
What is the FRDM return over the past year?
FRDM returned +38.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 36.0%.
What is the average annual return of FRDM?
FRDM has returned +17.0% a year over 5 years, +16.1% a year since May 23, 2019 (total return, distributions reinvested).
How much would $10,000 invested in FRDM be worth?
$10,000 invested in FRDM at its first recorded close on May 23, 2019 would be worth about $30,189 on October 23, 2026 with distributions reinvested.
What was the worst year for FRDM?
The worst calendar year was 2022, with a total return of −14.4%. The best was 2025 at +61.3%.
What is the biggest drawdown of FRDM?
The largest peak-to-trough decline was −40.5% between January 13, 2020 and March 23, 2020. It recovered to the old high on November 11, 2020, 8 months after the bottom.
How volatile is FRDM?
Over the past 3 years FRDM had an annualized volatility of 21.5% and a Sharpe ratio of 1.43 (excess return over 1–3 month T-bills per unit of risk).