Leuthold Core ETF (LCR) Performance
LCR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.9% since Dec 31, 2025
- 1 year
- +7.7% total return
- 5 years
- +6.6% a year
- Since first price
- +8.2% a year since 2020
LCR trailing returns vs AGG, TLT, SPY
| Period | LCR total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.1% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +2.4% | +2.4% | −0.4% | −1.0% | +3.2% |
| 6 months | +4.5% | +4.5% | −1.5% | −3.8% | +7.8% |
| YTD | +5.9% | +5.9% | −1.0% | −3.4% | +12.3% |
| 1 year | +7.7% | +6.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +40.7%+12.1%/yr | +34.2% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +37.5%+6.6%/yr | +29.9% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionJan 6, 2020 | +71.3%+8.2%/yr | +60.8% | — | — | — |
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: LCR vs AGG
From Jan 6, 2020: LCR grew to $17,128, AGG to $10,384.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LCR returns by calendar year
4 of 5 full years positive. Best 2023 (+12.8%), worst 2022 (−7.6%). 2026 is year to date.
LCR annual returns table
| Year | LCR | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +5.9% | −6.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +12.4% | −8.5% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.7% | −4.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.8% | −6.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −7.6% | −13.4% | −13.0% | −31.2% | −18.2% |
| 2021 | +12.1% | −3.7% | −1.8% | −4.6% | +28.7% |
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.
LCR largest drawdowns
Now 1.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −17.4% | Mar 20, 2020 | Jul 15, 2020 | 30 days | 5 months |
| Jan 4, 2022 | −13.4% | Sep 27, 2022 | Jul 18, 2023 | 9 months | 1.5 years |
| Nov 29, 2024 | −8.6% | Apr 8, 2025 | Jun 24, 2025 | 4 months | 7 months |
| Jul 19, 2023 | −6.2% | Oct 27, 2023 | Dec 1, 2023 | 3 months | 4 months |
| Feb 26, 2026 | −6.0% | Mar 30, 2026 | May 6, 2026 | 32 days | 2 months |
| Sep 2, 2020 | −5.2% | Sep 23, 2020 | Nov 16, 2020 | 21 days | 2 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
LCR risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +11.5% | +7.1% | +8.4% |
| Volatility (annualized) | 7.8% | 9.0% | 9.4% |
| Sharpe ratio | 0.89 | 0.41 | 0.61 |
| Sortino ratio | 1.43 | 0.61 | 0.94 |
| Best month | +5.1% | +5.1% | +7.6% |
| Worst month | −4.3% | −5.4% | −6.0% |
| Best 12 months | +18.8% | +18.8% | +29.2% |
| Worst 12 months | +3.4% | −8.4% | −8.4% |
| Positive months | 72% | 63% | 65% |
| Beta vs S&P 500 | 0.55 | 0.54 | — |
| Correlation with S&P 500 | 0.87 | 0.93 | — |
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.
LCR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 70 | −8.4% | +10.3% | +29.2% | 83% |
| 3-year (a year) | 46 | +3.7% | +6.9% | +12.9% | 100% |
| 5-year (a year) | 22 | +6.3% | +7.5% | +9.7% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
LCR performance overview
Leuthold Core ETF (LCR) returned +7.7% over the past year and +6.6% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +8.2% a year, turning $10,000 into about $17,128. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −17.4%, from Feb 19, 2020 to Mar 20, 2020, and it took 4 months to get back to the old high. LCR finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+12.8%) and the worst 2022 (−7.6%). Volatility has been 9.4% a year.
Related: LCR chart, LCR holdings, LCR dividends, LCR bond profile. See the LCR overview for the latest quote and fund facts.
LCR performance FAQ
What is the LCR return over the past year?
LCR returned +7.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.2%.
What is the average annual return of LCR?
LCR has returned +6.6% a year over 5 years, +8.2% a year since January 6, 2020 (total return, distributions reinvested).
How much would $10,000 invested in LCR be worth?
$10,000 invested in LCR at its first recorded close on January 6, 2020 would be worth about $17,128 on October 23, 2026 with distributions reinvested.
What was the worst year for LCR?
The worst calendar year was 2022, with a total return of −7.6%. The best was 2023 at +12.8%.
What is the biggest drawdown of LCR?
The largest peak-to-trough decline was −17.4% between February 19, 2020 and March 20, 2020. It recovered to the old high on July 15, 2020, 4 months after the bottom.
How volatile is LCR?
Over the past 3 years LCR had an annualized volatility of 7.8% and a Sharpe ratio of 0.89 (excess return over 1–3 month T-bills per unit of risk).