IROC (IROC) Performance
IROC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.2% since Dec 31, 2025
- 1 year
- +0.9% total return
- 3 years
- +5.4% a year
- Since first price
- +3.7% a year since 2022
IROC trailing returns vs AGG, TLT, SPY
| Period | IROC total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.1% | −3.3% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.6% | −4.1% | −1.5% | −3.8% | +7.8% |
| YTD | +0.2% | −3.9% | −1.0% | −3.4% | +12.3% |
| 1 year | +0.9% | −4.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +17.0%+5.4%/yr | +1.9% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionDec 9, 2022 | +15.2%+3.7%/yr | −3.0% | — | — | — |
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: IROC vs AGG
From Dec 9, 2022: IROC grew to $11,518, AGG to $11,181.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IROC returns by calendar year
3 of 3 full years positive. Best 2023 (+6.3%), worst 2025 (+4.1%). 2026 is year to date.
IROC annual returns table
| Year | IROC | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.2% | −6.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.1% | −3.5% | +7.2% | +4.3% | +17.7% |
| 2024 | +4.7% | −1.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.3% | −4.8% | +5.7% | +2.8% | +26.2% |
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.
IROC largest drawdowns
Now 3.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 6, 2026 | −6.2% | Oct 7, 2026 | not yet | 3 months | 4 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IROC risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +4.3% | +3.5% |
| Volatility (annualized) | 5.0% | 5.0% |
| Sharpe ratio | -0.01 | -0.17 |
| Sortino ratio | -0.02 | -0.23 |
| Best month | +4.9% | +4.9% |
| Worst month | −4.0% | −4.0% |
| Best 12 months | +12.2% | +12.2% |
| Worst 12 months | −0.5% | −0.5% |
| Positive months | 67% | 64% |
| Beta vs S&P 500 | 0.23 | — |
| Correlation with S&P 500 | 0.57 | — |
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.
IROC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 35 | −0.5% | +4.9% | +12.2% | 97% |
| 3-year (a year) | 11 | +4.3% | +4.9% | +5.6% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
IROC performance overview
IROC (IROC) returned +0.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +3.7% a year, turning $10,000 into about $11,518. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −6.2%, from Jul 6, 2026 to Oct 7, 2026; the fund has not yet regained that high. IROC finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+6.3%) and the worst 2025 (+4.1%). Volatility has been 5.0% a year.
Related: IROC chart, IROC dividends, IROC bond profile. See the IROC overview for the latest quote and fund facts.
IROC performance FAQ
What is the IROC return over the past year?
IROC returned +0.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.1%.
How much would $10,000 invested in IROC be worth?
$10,000 invested in IROC at its first recorded close on December 9, 2022 would be worth about $11,518 on October 23, 2026 with distributions reinvested.
What was the worst year for IROC?
The worst calendar year was 2025, with a total return of +4.1%. The best was 2023 at +6.3%.
What is the biggest drawdown of IROC?
The largest peak-to-trough decline was −6.2% between July 6, 2026 and October 7, 2026. It has not yet recovered to that high; it is 3.6% below its peak.
How volatile is IROC?
Over the past 3 years IROC had an annualized volatility of 5.0% and a Sharpe ratio of -0.01 (excess return over 1–3 month T-bills per unit of risk).