National Security Emerging Markets ETF (NSI) Performance
NSI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.2% since Dec 31, 2025
- 1 year
- +11.1% total return
- Since first price
- +52.1% since 2023
NSI trailing returns vs SPY, QQQ, AGG
| Period | NSI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.9% | −5.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.5% | −3.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.3% | −3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +8.2% | +8.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.1% | +9.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 7, 2023 | +52.1% | +43.9% | — | — | — |
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: NSI vs SPY
From Dec 7, 2023: NSI grew to $15,210, SPY to $17,197.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NSI returns by calendar year
1 of 2 full years positive. Best 2025 (+35.9%), worst 2024 (−1.2%). 2026 is year to date.
NSI annual returns table
| Year | NSI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.2% | −13.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.9% | −14.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.2% | −11.5% | +24.9% | +25.6% | +1.3% |
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.
NSI largest drawdowns
Now 9.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 4, 2024 | −18.8% | Apr 8, 2025 | Jun 4, 2025 | 6 months | 8 months |
| Feb 25, 2026 | −13.7% | Mar 30, 2026 | May 6, 2026 | 33 days | 2 months |
| Jul 12, 2024 | −10.9% | Aug 5, 2024 | Sep 26, 2024 | 24 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NSI risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +16.8% |
| Volatility (annualized) | 13.1% |
| Sharpe ratio | 0.93 |
| Sortino ratio | 1.64 |
| Best month | +8.3% |
| Worst month | −8.3% |
| Best 12 months | +51.6% |
| Worst 12 months | −1.2% |
| Positive months | 67% |
| 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.
NSI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | −1.2% | +19.6% | +51.6% | 96% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NSI performance overview
National Security Emerging Markets ETF (NSI) returned +11.1% over the past year, with distributions reinvested. Since its first recorded price on Dec 7, 2023 it has returned +52.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.8%, from Oct 4, 2024 to Apr 8, 2025, and it took 57 days to get back to the old high. Volatility has been 13.1% a year.
Related: NSI chart, NSI holdings, NSI dividends, NSI valuation. See the NSI overview for the latest quote and fund facts.
NSI performance FAQ
What is the NSI return over the past year?
NSI returned +11.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.6%.
How much would $10,000 invested in NSI be worth?
$10,000 invested in NSI at its first recorded close on December 7, 2023 would be worth about $15,210 on October 23, 2026 with distributions reinvested.
What was the worst year for NSI?
The worst calendar year was 2024, with a total return of −1.2%. The best was 2025 at +35.9%.
What is the biggest drawdown of NSI?
The largest peak-to-trough decline was −18.8% between October 4, 2024 and April 8, 2025. It recovered to the old high on June 4, 2025, 57 days after the bottom.
How volatile is NSI?
Over the past history NSI had an annualized volatility of 13.1% and a Sharpe ratio of 0.93 (excess return over 1–3 month T-bills per unit of risk).