MKAM ETF (MKAM) Performance
MKAM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.4% since Dec 31, 2025
- 1 year
- +7.8% total return
- 3 years
- +10.7% a year
- Since first price
- +9.9% a year since 2023
MKAM trailing returns vs AGG, TLT, SPY
| Period | MKAM total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.8% | +0.9% | +1.5% | −1.0% |
| 3 months | +2.0% | +1.5% | −0.4% | −1.0% | +3.2% |
| 6 months | +4.6% | +3.6% | −1.5% | −3.8% | +7.8% |
| YTD | +6.4% | +4.6% | −1.0% | −3.4% | +12.3% |
| 1 year | +7.8% | +4.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +35.7%+10.7%/yr | +26.2% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionApr 12, 2023 | +39.5%+9.9%/yr | +28.9% | — | — | — |
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: MKAM vs AGG
From Apr 12, 2023: MKAM grew to $13,952, AGG to $10,948.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MKAM returns by calendar year
2 of 2 full years positive. Best 2024 (+12.2%), worst 2025 (+8.1%). 2026 is year to date.
MKAM annual returns table
| Year | MKAM | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +6.4% | −3.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.1% | −5.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +12.2% | −4.6% | +1.3% | −8.1% | +24.9% |
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.
MKAM largest drawdowns
Now 1.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −5.0% | Apr 8, 2025 | Jul 23, 2025 | 48 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
MKAM risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +10.6% | +10.0% |
| Volatility (annualized) | 5.3% | 5.6% |
| Sharpe ratio | 1.10 | 0.95 |
| Sortino ratio | 2.03 | 1.68 |
| Best month | +4.0% | +4.0% |
| Worst month | −2.1% | −2.3% |
| Best 12 months | +17.1% | +17.1% |
| Worst 12 months | +4.8% | +4.8% |
| Positive months | 69% | 68% |
| Beta vs S&P 500 | 0.40 | — |
| Correlation with S&P 500 | 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.
MKAM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 31 | +4.8% | +10.0% | +17.1% | 100% |
| 3-year (a year) | 7 | +9.0% | +10.0% | +10.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MKAM performance overview
MKAM ETF (MKAM) returned +7.8% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +9.9% a year, turning $10,000 into about $13,952. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.0%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 5.6% a year.
Related: MKAM chart, MKAM dividends, MKAM bond profile. See the MKAM overview for the latest quote and fund facts.
MKAM performance FAQ
What is the MKAM return over the past year?
MKAM returned +7.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.9%.
How much would $10,000 invested in MKAM be worth?
$10,000 invested in MKAM at its first recorded close on April 12, 2023 would be worth about $13,952 on October 23, 2026 with distributions reinvested.
What was the worst year for MKAM?
The worst calendar year was 2025, with a total return of +8.1%. The best was 2024 at +12.2%.
What is the biggest drawdown of MKAM?
The largest peak-to-trough decline was −5.0% between February 19, 2025 and April 8, 2025. It recovered to the old high on July 23, 2025, 3 months after the bottom.
How volatile is MKAM?
Over the past 3 years MKAM had an annualized volatility of 5.3% and a Sharpe ratio of 1.10 (excess return over 1–3 month T-bills per unit of risk).