HCM Tactical Enhanced US ETF (HCMT) Performance
HCMT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.3% since Dec 31, 2025
- 1 year
- +4.9% total return
- 3 years
- +21.5% a year
- Since first price
- +16.1% a year since 2023
HCMT trailing returns vs SPY, QQQ, AGG
| Period | HCMT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.7% | −6.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.4% | +3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.4% | +11.1% | +7.8% | +8.4% | −1.5% |
| YTD | +4.3% | +3.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.9% | +4.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +79.2%+21.5%/yr | +72.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 22, 2023 | +64.6%+16.1%/yr | +57.7% | — | — | — |
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: HCMT vs SPY
From Jun 22, 2023: HCMT grew to $16,461, SPY to $18,116.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HCMT returns by calendar year
2 of 2 full years positive. Best 2024 (+39.1%), worst 2025 (+7.4%). 2026 is year to date.
HCMT annual returns table
| Year | HCMT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.3% | −15.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.4% | −36.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +39.1% | −21.0% | +24.9% | +25.6% | +1.3% |
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.
HCMT largest drawdowns
Now 10.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −36.3% | Apr 21, 2025 | Oct 24, 2025 | 2 months | 8 months |
| Jul 10, 2024 | −21.0% | Aug 5, 2024 | Nov 6, 2024 | 26 days | 4 months |
| Jul 19, 2023 | −16.1% | Nov 13, 2023 | Jan 19, 2024 | 4 months | 6 months |
| Jun 2, 2026 | −15.6% | Jul 29, 2026 | Sep 21, 2026 | 57 days | 4 months |
| Oct 29, 2025 | −15.3% | Mar 20, 2026 | May 26, 2026 | 5 months | 7 months |
| Mar 21, 2024 | −11.9% | Apr 19, 2024 | May 15, 2024 | 29 days | 55 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HCMT risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +23.2% | +18.0% |
| Volatility (annualized) | 24.2% | 24.4% |
| Sharpe ratio | 0.81 | 0.62 |
| Sortino ratio | 1.30 | 0.97 |
| Best month | +14.6% | +14.6% |
| Worst month | −15.1% | −15.1% |
| Best 12 months | +55.0% | +55.0% |
| Worst 12 months | −3.1% | −3.1% |
| Positive months | 61% | 59% |
| Beta vs S&P 500 | 1.59 | — |
| Correlation with S&P 500 | 0.82 | — |
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.
HCMT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 29 | −3.1% | +17.0% | +55.0% | 90% |
| 3-year (a year) | 5 | +14.0% | +19.0% | +23.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
HCMT performance overview
HCM Tactical Enhanced US ETF (HCMT) returned +4.9% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +16.1% a year, turning $10,000 into about $16,461. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −36.3%, from Feb 19, 2025 to Apr 21, 2025, and it took 6 months to get back to the old high. Volatility has been 24.4% a year.
Related: HCMT chart, HCMT dividends. See the HCMT overview for the latest quote and fund facts.
HCMT performance FAQ
What is the HCMT return over the past year?
HCMT returned +4.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.4%.
How much would $10,000 invested in HCMT be worth?
$10,000 invested in HCMT at its first recorded close on June 22, 2023 would be worth about $16,461 on October 23, 2026 with distributions reinvested.
What was the worst year for HCMT?
The worst calendar year was 2025, with a total return of +7.4%. The best was 2024 at +39.1%.
What is the biggest drawdown of HCMT?
The largest peak-to-trough decline was −36.3% between February 19, 2025 and April 21, 2025. It recovered to the old high on October 24, 2025, 6 months after the bottom.
How volatile is HCMT?
Over the past 3 years HCMT had an annualized volatility of 24.2% and a Sharpe ratio of 0.81 (excess return over 1–3 month T-bills per unit of risk).