Bank of Montreal (JETD) Performance
JETD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −16.8% since Dec 31, 2025
- 1 year
- −40.0% total return
- 3 years
- −54.6% a year
- Since first price
- −42.1% a year since 2023
JETD trailing returns vs SPY, QQQ, AGG
| Period | JETD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +20.9% | +20.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +52.9% | +52.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.7% | −4.7% | +7.8% | +8.4% | −1.5% |
| YTD | −16.8% | −16.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −40.0% | −40.0% | +14.4% | +15.9% | −1.1% |
| 3 years | −90.7%−54.6%/yr | −90.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 20, 2023 | −83.9%−42.1%/yr | −83.9% | — | — | — |
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: JETD vs SPY
From Jun 20, 2023: JETD grew to $1,608, SPY to $18,089.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JETD returns by calendar year
0 of 2 full years positive. Best 2024 (−51.7%), worst 2025 (−59.9%). 2026 is year to date.
JETD annual returns table
| Year | JETD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −16.8% | −64.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −59.9% | −82.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −51.7% | −62.7% | +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.
JETD largest drawdowns
Now 91.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 27, 2023 | −95.6% | Aug 5, 2026 | not yet | 2.8 years | 3.0 years so far |
| Jun 23, 2023 | −21.8% | Jul 11, 2023 | Aug 17, 2023 | 18 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.
JETD risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | −53.8% | −43.1% |
| Volatility (annualized) | 60.1% | 63.1% |
| Sharpe ratio | -1.03 | -0.64 |
| Sortino ratio | -1.27 | -0.87 |
| Best month | +39.4% | +39.4% |
| Worst month | −31.5% | −31.5% |
| Best 12 months | −19.9% | −4.1% |
| Worst 12 months | −75.0% | −75.0% |
| Positive months | 31% | 36% |
| Beta vs S&P 500 | -2.93 | — |
| Correlation with S&P 500 | -0.61 | — |
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.
JETD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 29 | −75.0% | −57.0% | −4.1% | 0% |
| 3-year (a year) | 5 | −54.7% | −53.1% | −51.2% | 0% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
JETD performance overview
Bank of Montreal (JETD) returned −40.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned −42.1% a year, turning $10,000 into about $1,608. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −95.6%, from Oct 27, 2023 to Aug 5, 2026; the fund has not yet regained that high. Volatility has been 63.1% a year.
Related: JETD chart, JETD holdings, JETD valuation. See the JETD overview for the latest quote and fund facts.
JETD performance FAQ
What is the JETD return over the past year?
JETD returned −40.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 40.0%.
How much would $10,000 invested in JETD be worth?
$10,000 invested in JETD at its first recorded close on June 20, 2023 would be worth about $1,608 on October 23, 2026 with distributions reinvested.
What was the worst year for JETD?
The worst calendar year was 2025, with a total return of −59.9%. The best was 2024 at −51.7%.
What is the biggest drawdown of JETD?
The largest peak-to-trough decline was −95.6% between October 27, 2023 and August 5, 2026. It has not yet recovered to that high; it is 91.3% below its peak.
How volatile is JETD?
Over the past 3 years JETD had an annualized volatility of 60.1% and a Sharpe ratio of -1.03 (excess return over 1–3 month T-bills per unit of risk).