JPMorgan Fundamental Data Science Mid Core ETF (MCDS) Performance
MCDS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.3% since Dec 31, 2025
- 1 year
- +15.4% total return
- Since first price
- +33.8% since 2024
MCDS trailing returns vs SPY, QQQ, AGG
| Period | MCDS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.8% | +4.2% | +7.8% | +8.4% | −1.5% |
| YTD | +14.3% | +13.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.4% | +14.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 8, 2024 | +33.8% | +30.4% | — | — | — |
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: MCDS vs SPY
From Aug 8, 2024: MCDS grew to $13,375, SPY to $14,697.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MCDS returns by calendar year
1 of 1 full years positive. Best 2025 (+6.5%), worst 2025 (+6.5%). 2026 is year to date.
MCDS annual returns table
| Year | MCDS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.3% | −7.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.5% | −20.5% | +17.7% | +20.8% | +7.2% |
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.
MCDS largest drawdowns
Now 5.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −22.5% | Apr 8, 2025 | Dec 11, 2025 | 4 months | 1.0 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MCDS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +10.3% |
| Volatility (annualized) | 13.1% |
| Sharpe ratio | 0.51 |
| Sortino ratio | 0.80 |
| Best month | +8.3% |
| Worst month | −6.9% |
| Best 12 months | +25.0% |
| Worst 12 months | −1.1% |
| Positive months | 68% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
MCDS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 15 | −1.1% | +13.3% | +25.0% | 93% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MCDS performance overview
JPMorgan Fundamental Data Science Mid Core ETF (MCDS) returned +15.4% over the past year, with distributions reinvested. Since its first recorded price on Aug 8, 2024 it has returned +33.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.5%, from Nov 25, 2024 to Apr 8, 2025, and it took 8 months to get back to the old high. Volatility has been 13.1% a year.
Related: MCDS chart, MCDS holdings, MCDS dividends, MCDS valuation. See the MCDS overview for the latest quote and fund facts.
MCDS performance FAQ
What is the MCDS return over the past year?
MCDS returned +15.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.1%.
How much would $10,000 invested in MCDS be worth?
$10,000 invested in MCDS at its first recorded close on August 8, 2024 would be worth about $13,375 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MCDS?
The largest peak-to-trough decline was −22.5% between November 25, 2024 and April 8, 2025. It recovered to the old high on December 11, 2025, 8 months after the bottom.
How volatile is MCDS?
Over the past history MCDS had an annualized volatility of 13.1% and a Sharpe ratio of 0.51 (excess return over 1–3 month T-bills per unit of risk).