Impact Shares NAACP Minority Empowerment ETF (NACP) Performance
NACP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +21.3% since Dec 31, 2025
- 1 year
- +23.6% total return
- 5 years
- +14.1% a year
- Since first price
- +16.3% a year since 2018
NACP trailing returns vs SPY, QQQ, AGG
| Period | NACP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.2% | −2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.4% | +2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.8% | +11.4% | +7.8% | +8.4% | −1.5% |
| YTD | +21.3% | +20.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +23.6% | +22.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +105.4%+27.1%/yr | +96.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +93.2%+14.1%/yr | +72.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJul 19, 2018 | +249.3%+16.3%/yr | +198.2% | — | — | — |
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: NACP vs SPY
From Jul 19, 2018: NACP grew to $34,932, SPY to $30,732.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NACP returns by calendar year
6 of 7 full years positive. Best 2019 (+30.7%), worst 2022 (−23.0%). 2026 is year to date.
NACP annual returns table
| Year | NACP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +21.3% | −9.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.4% | −19.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.9% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +29.7% | −10.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −23.0% | −27.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.6% | −5.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +26.0% | −31.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.7% | −7.2% | +31.2% | +39.0% | +8.5% |
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.
NACP largest drawdowns
Now 4.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −31.0% | Mar 23, 2020 | Jul 20, 2020 | 32 days | 5 months |
| Jan 3, 2022 | −27.9% | Oct 12, 2022 | Jan 18, 2024 | 9 months | 2.0 years |
| Feb 19, 2025 | −19.7% | Apr 8, 2025 | Jul 2, 2025 | 48 days | 4 months |
| Sep 21, 2018 | −17.5% | Dec 24, 2018 | Mar 21, 2019 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NACP risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +27.3% | +15.9% | +16.8% |
| Volatility (annualized) | 14.7% | 17.2% | 17.6% |
| Sharpe ratio | 1.43 | 0.74 | 0.83 |
| Sortino ratio | 3.07 | 1.21 | 1.34 |
| Best month | +13.0% | +13.0% | +13.7% |
| Worst month | −5.3% | −9.6% | −11.4% |
| Best 12 months | +44.0% | +44.0% | +61.1% |
| Worst 12 months | +6.9% | −23.0% | −23.0% |
| Positive months | 67% | 60% | 65% |
| Beta vs S&P 500 | 1.11 | 1.06 | — |
| Correlation with S&P 500 | 0.93 | 0.97 | — |
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.
NACP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 88 | −23.0% | +21.0% | +61.1% | 84% |
| 3-year (a year) | 64 | +7.3% | +13.6% | +28.1% | 100% |
| 5-year (a year) | 40 | +10.8% | +15.2% | +18.6% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
NACP performance overview
Impact Shares NAACP Minority Empowerment ETF (NACP) returned +23.6% over the past year and +14.1% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +16.3% a year, turning $10,000 into about $34,932. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.0%, from Feb 20, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. NACP finished 6 of its 7 full calendar years with a gain; the best year was 2019 (+30.7%) and the worst 2022 (−23.0%). Volatility has been 17.6% a year.
Related: NACP chart, NACP holdings, NACP dividends, NACP valuation. See the NACP overview for the latest quote and fund facts.
NACP performance FAQ
What is the NACP return over the past year?
NACP returned +23.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 22.8%.
What is the average annual return of NACP?
NACP has returned +14.1% a year over 5 years, +16.3% a year since July 19, 2018 (total return, distributions reinvested).
How much would $10,000 invested in NACP be worth?
$10,000 invested in NACP at its first recorded close on July 19, 2018 would be worth about $34,932 on October 23, 2026 with distributions reinvested.
What was the worst year for NACP?
The worst calendar year was 2022, with a total return of −23.0%. The best was 2019 at +30.7%.
What is the biggest drawdown of NACP?
The largest peak-to-trough decline was −31.0% between February 20, 2020 and March 23, 2020. It recovered to the old high on July 20, 2020, 4 months after the bottom.
How volatile is NACP?
Over the past 3 years NACP had an annualized volatility of 14.7% and a Sharpe ratio of 1.43 (excess return over 1–3 month T-bills per unit of risk).