Fundamental Income Net Lease Real Estate ETF (NETL) Performance
NETL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.3% since Dec 31, 2025
- 1 year
- +1.2% total return
- 5 years
- −0.7% a year
- Since first price
- +4.0% a year since 2019
NETL trailing returns vs SPY, QQQ, AGG
| Period | NETL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.9% | −2.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −12.5% | −13.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −7.6% | −9.8% | +7.8% | +8.4% | −1.5% |
| YTD | +4.3% | +0.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.2% | −3.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +35.2%+10.6%/yr | +16.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −3.6%−0.7%/yr | −24.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 22, 2019 | +34.8%+4.0%/yr | −4.0% | — | — | — |
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: NETL vs SPY
From Mar 22, 2019: NETL grew to $13,480, SPY to $30,364.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NETL returns by calendar year
3 of 6 full years positive. Best 2021 (+27.4%), worst 2022 (−16.2%). 2026 is year to date.
NETL annual returns table
| Year | NETL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.3% | −16.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.1% | −13.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.1% | −13.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.7% | −23.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.2% | −25.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.4% | −9.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −0.7% | −51.5% | +18.3% | +48.6% | +7.5% |
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.
NETL largest drawdowns
Now 14.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 21, 2020 | −51.5% | Mar 18, 2020 | Apr 15, 2021 | 26 days | 1.1 years |
| Sep 3, 2021 | −30.7% | Oct 27, 2023 | Feb 17, 2026 | 2.1 years | 4.5 years |
| Jul 17, 2026 | −16.7% | Oct 21, 2026 | not yet | 3 months | 3 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NETL risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +8.7% | +0.7% | +3.9% |
| Volatility (annualized) | 17.7% | 18.7% | 21.3% |
| Sharpe ratio | 0.31 | -0.07 | 0.16 |
| Sortino ratio | 0.49 | -0.09 | 0.23 |
| Best month | +10.7% | +10.7% | +14.9% |
| Worst month | −8.4% | −10.0% | −27.9% |
| Best 12 months | +32.3% | +32.3% | +52.0% |
| Worst 12 months | −4.8% | −17.3% | −22.8% |
| Positive months | 58% | 50% | 56% |
| Beta vs S&P 500 | 0.65 | 0.82 | — |
| Correlation with S&P 500 | 0.46 | 0.69 | — |
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.
NETL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 80 | −22.8% | −0.6% | +52.0% | 49% |
| 3-year (a year) | 56 | −5.2% | +2.6% | +15.0% | 75% |
| 5-year (a year) | 32 | −0.7% | +3.0% | +10.9% | 97% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
NETL performance overview
Fundamental Income Net Lease Real Estate ETF (NETL) returned +1.2% over the past year and −0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +4.0% a year, turning $10,000 into about $13,480. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −51.5%, from Feb 21, 2020 to Mar 18, 2020, and it took 1.1 years to get back to the old high. NETL finished 3 of its 6 full calendar years with a gain; the best year was 2021 (+27.4%) and the worst 2022 (−16.2%). Volatility has been 21.3% a year.
Related: NETL chart, NETL holdings, NETL dividends, NETL valuation. See the NETL overview for the latest quote and fund facts.
NETL performance FAQ
What is the NETL return over the past year?
NETL returned +1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.7%.
What is the average annual return of NETL?
NETL has returned −0.7% a year over 5 years, +4.0% a year since March 22, 2019 (total return, distributions reinvested).
How much would $10,000 invested in NETL be worth?
$10,000 invested in NETL at its first recorded close on March 22, 2019 would be worth about $13,480 on October 23, 2026 with distributions reinvested.
What was the worst year for NETL?
The worst calendar year was 2022, with a total return of −16.2%. The best was 2021 at +27.4%.
What is the biggest drawdown of NETL?
The largest peak-to-trough decline was −51.5% between February 21, 2020 and March 18, 2020. It recovered to the old high on April 15, 2021, 1.1 years after the bottom.
How volatile is NETL?
Over the past 3 years NETL had an annualized volatility of 17.7% and a Sharpe ratio of 0.31 (excess return over 1–3 month T-bills per unit of risk).