First Trust New Constructs Core Earnings… (FTCE) Performance
FTCE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.9% since Dec 31, 2025
- 1 year
- +12.8% total return
- Since first price
- +39.9% since 2024
FTCE trailing returns vs SPY, QQQ, AGG
| Period | FTCE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.0% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.5% | +10.0% | +7.8% | +8.4% | −1.5% |
| YTD | +10.9% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.8% | +12.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 3, 2024 | +39.9% | +37.1% | — | — | — |
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: FTCE vs SPY
From Oct 3, 2024: FTCE grew to $13,985, SPY to $13,693.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FTCE returns by calendar year
1 of 1 full years positive. Best 2025 (+26.1%), worst 2025 (+26.1%). 2026 is year to date.
FTCE annual returns table
| Year | FTCE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.9% | −10.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.1% | −18.1% | +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.
FTCE largest drawdowns
Now 3.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −18.1% | Apr 8, 2025 | Jun 11, 2025 | 48 days | 4 months |
| Jan 29, 2026 | −10.2% | Mar 27, 2026 | May 1, 2026 | 57 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FTCE risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +18.5% |
| Volatility (annualized) | 15.1% |
| Sharpe ratio | 0.95 |
| Sortino ratio | 1.90 |
| Best month | +10.9% |
| Worst month | −4.9% |
| Best 12 months | +37.5% |
| Worst 12 months | +10.4% |
| Positive months | 65% |
| 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.
FTCE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | +10.4% | +22.6% | +37.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
FTCE performance overview
First Trust New Constructs Core Earnings… (FTCE) returned +12.8% over the past year, with distributions reinvested. Since its first recorded price on Oct 3, 2024 it has returned +39.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.1%, from Feb 19, 2025 to Apr 8, 2025, and it took 2 months to get back to the old high. Volatility has been 15.1% a year.
Related: FTCE chart, FTCE holdings, FTCE dividends, FTCE valuation. See the FTCE overview for the latest quote and fund facts.
FTCE performance FAQ
What is the FTCE return over the past year?
FTCE returned +12.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.0%.
How much would $10,000 invested in FTCE be worth?
$10,000 invested in FTCE at its first recorded close on October 3, 2024 would be worth about $13,985 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FTCE?
The largest peak-to-trough decline was −18.1% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 11, 2025, 2 months after the bottom.
How volatile is FTCE?
Over the past history FTCE had an annualized volatility of 15.1% and a Sharpe ratio of 0.95 (excess return over 1–3 month T-bills per unit of risk).