Ballast Small/Mid Cap ETF (MGMT) Performance
MGMT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.4% since Dec 31, 2025
- 1 year
- +11.7% total return
- 5 years
- +6.4% a year
- Since first price
- +12.4% a year since 2020
MGMT trailing returns vs SPY, QQQ, AGG
| Period | MGMT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.2% | −3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.6% | +2.6% | +7.8% | +8.4% | −1.5% |
| YTD | +10.4% | +10.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.7% | +11.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.3%+15.3%/yr | +50.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +36.6%+6.4%/yr | +32.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 3, 2020 | +99.3%+12.4%/yr | +93.1% | — | — | — |
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: MGMT vs SPY
From Dec 3, 2020: MGMT grew to $19,932, SPY to $22,471.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MGMT returns by calendar year
4 of 5 full years positive. Best 2021 (+40.8%), worst 2022 (−14.5%). 2026 is year to date.
MGMT annual returns table
| Year | MGMT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.4% | −12.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.0% | −22.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.9% | −11.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.9% | −13.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.5% | −25.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +40.8% | −7.0% | +28.7% | +27.4% | −1.8% |
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.
MGMT largest drawdowns
Now 6.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −25.0% | Sep 26, 2022 | Dec 26, 2023 | 9 months | 2.0 years |
| Dec 2, 2024 | −23.8% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| Feb 11, 2026 | −12.3% | Mar 20, 2026 | Jun 12, 2026 | 37 days | 4 months |
| Jul 16, 2024 | −11.1% | Aug 7, 2024 | Oct 16, 2024 | 22 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MGMT risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +12.8% | +6.9% | +11.5% |
| Volatility (annualized) | 17.5% | 18.4% | 18.1% |
| Sharpe ratio | 0.53 | 0.26 | 0.52 |
| Sortino ratio | 0.94 | 0.42 | 0.89 |
| Best month | +15.2% | +15.2% | +15.2% |
| Worst month | −6.2% | −10.7% | −10.7% |
| Best 12 months | +31.4% | +31.4% | +40.8% |
| Worst 12 months | −0.6% | −18.7% | −18.7% |
| Positive months | 58% | 52% | 57% |
| Beta vs S&P 500 | 0.90 | 0.89 | — |
| Correlation with S&P 500 | 0.64 | 0.76 | — |
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.
MGMT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −18.7% | +10.6% | +40.8% | 76% |
| 3-year (a year) | 35 | +0.6% | +8.9% | +15.9% | 100% |
| 5-year (a year) | 11 | +6.7% | +7.5% | +11.7% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
MGMT performance overview
Ballast Small/Mid Cap ETF (MGMT) returned +11.7% over the past year and +6.4% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +12.4% a year, turning $10,000 into about $19,932. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.0%, from Jan 4, 2022 to Sep 26, 2022, and it took 1.2 years to get back to the old high. MGMT finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+40.8%) and the worst 2022 (−14.5%). Volatility has been 18.1% a year.
Related: MGMT chart, MGMT holdings, MGMT dividends, MGMT valuation. See the MGMT overview for the latest quote and fund facts.
MGMT performance FAQ
What is the MGMT return over the past year?
MGMT returned +11.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.4%.
What is the average annual return of MGMT?
MGMT has returned +6.4% a year over 5 years, +12.4% a year since December 3, 2020 (total return, distributions reinvested).
How much would $10,000 invested in MGMT be worth?
$10,000 invested in MGMT at its first recorded close on December 3, 2020 would be worth about $19,932 on October 23, 2026 with distributions reinvested.
What was the worst year for MGMT?
The worst calendar year was 2022, with a total return of −14.5%. The best was 2021 at +40.8%.
What is the biggest drawdown of MGMT?
The largest peak-to-trough decline was −25.0% between January 4, 2022 and September 26, 2022. It recovered to the old high on December 26, 2023, 1.2 years after the bottom.
How volatile is MGMT?
Over the past 3 years MGMT had an annualized volatility of 17.5% and a Sharpe ratio of 0.53 (excess return over 1–3 month T-bills per unit of risk).