Sound Enhanced Fixed Income ETF (FXED) Performance
FXED total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.1% since Dec 31, 2025
- 1 year
- −2.8% total return
- 5 years
- +1.3% a year
- Since first price
- +2.6% a year since 2020
FXED trailing returns vs SPY, QQQ, AGG
| Period | FXED total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.1% | −4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.3% | −6.0% | +7.8% | +8.4% | −1.5% |
| YTD | −3.1% | −7.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.8% | −9.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +22.3%+7.0%/yr | +0.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +6.8%+1.3%/yr | −21.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 31, 2020 | +15.9%+2.6%/yr | −17.3% | — | — | — |
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: FXED vs SPY
From Dec 31, 2020: FXED grew to $11,589, SPY to $21,945.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FXED returns by calendar year
4 of 5 full years positive. Best 2023 (+15.1%), worst 2022 (−14.9%). 2026 is year to date.
FXED annual returns table
| Year | FXED | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.1% | −6.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.8% | −8.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.2% | −4.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.1% | −7.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.9% | −19.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +9.8% | −2.9% | +28.7% | +27.4% | −1.8% |
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.
FXED largest drawdowns
Now 4.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 31, 2021 | −19.7% | Oct 13, 2022 | Mar 28, 2024 | 9 months | 2.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FXED risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +5.2% | +1.5% | +2.5% |
| Volatility (annualized) | 7.9% | 10.3% | 9.7% |
| Sharpe ratio | 0.13 | -0.16 | -0.02 |
| Sortino ratio | 0.20 | -0.23 | -0.03 |
| Best month | +7.7% | +7.7% | +7.7% |
| Worst month | −3.5% | −7.7% | −7.7% |
| Best 12 months | +19.9% | +19.9% | +19.9% |
| Worst 12 months | −4.0% | −17.2% | −17.2% |
| Positive months | 61% | 53% | 57% |
| Beta vs S&P 500 | 0.47 | 0.55 | — |
| Correlation with S&P 500 | 0.74 | 0.84 | — |
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.
FXED rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −17.2% | +4.3% | +19.9% | 73% |
| 3-year (a year) | 35 | +1.0% | +5.1% | +10.6% | 100% |
| 5-year (a year) | 11 | +1.3% | +2.7% | +4.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
FXED performance overview
Sound Enhanced Fixed Income ETF (FXED) returned −2.8% over the past year and +1.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +2.6% a year, turning $10,000 into about $11,589. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.7%, from Dec 31, 2021 to Oct 13, 2022, and it took 1.5 years to get back to the old high. FXED finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+15.1%) and the worst 2022 (−14.9%). Volatility has been 9.7% a year.
Related: FXED chart, FXED dividends. See the FXED overview for the latest quote and fund facts.
FXED performance FAQ
What is the FXED return over the past year?
FXED returned −2.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 9.5%.
What is the average annual return of FXED?
FXED has returned +1.3% a year over 5 years, +2.6% a year since December 31, 2020 (total return, distributions reinvested).
How much would $10,000 invested in FXED be worth?
$10,000 invested in FXED at its first recorded close on December 31, 2020 would be worth about $11,589 on October 23, 2026 with distributions reinvested.
What was the worst year for FXED?
The worst calendar year was 2022, with a total return of −14.9%. The best was 2023 at +15.1%.
What is the biggest drawdown of FXED?
The largest peak-to-trough decline was −19.7% between December 31, 2021 and October 13, 2022. It recovered to the old high on March 28, 2024, 1.5 years after the bottom.
How volatile is FXED?
Over the past 3 years FXED had an annualized volatility of 7.9% and a Sharpe ratio of 0.13 (excess return over 1–3 month T-bills per unit of risk).