Astoria Real Asset ETF (PPI) Performance
PPI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.1% since Dec 31, 2025
- 1 year
- +6.5% total return
- 3 years
- +18.0% a year
- Since first price
- +12.1% a year since 2021
PPI trailing returns vs SPY, QQQ, AGG
| Period | PPI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.3% | −3.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.5% | −7.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −8.8% | −9.6% | +7.8% | +8.4% | −1.5% |
| YTD | +7.1% | +5.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +6.5% | +5.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +64.5%+18.0%/yr | +57.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 30, 2021 | +73.4%+12.1%/yr | +57.9% | — | — | — |
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: PPI vs SPY
From Dec 30, 2021: PPI grew to $17,343, SPY to $17,005.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PPI returns by calendar year
4 of 4 full years positive. Best 2025 (+30.0%), worst 2022 (+4.0%). 2026 is year to date.
PPI annual returns table
| Year | PPI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.1% | −11.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.0% | −18.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.3% | −11.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.3% | −13.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +4.0% | −24.5% | −18.2% | −32.6% | −13.0% |
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.
PPI largest drawdowns
Now 11.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 20, 2022 | −24.5% | Jul 14, 2022 | Feb 12, 2024 | 3 months | 1.8 years |
| Apr 8, 2024 | −20.1% | Apr 8, 2025 | Jun 12, 2025 | 1.0 years | 1.2 years |
| May 6, 2026 | −11.1% | Oct 23, 2026 | not yet | 6 months | 6 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.
PPI risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +17.6% | +12.6% |
| Volatility (annualized) | 15.0% | 19.1% |
| Sharpe ratio | 0.87 | 0.52 |
| Sortino ratio | 1.62 | 0.79 |
| Best month | +10.6% | +11.7% |
| Worst month | −7.7% | −17.6% |
| Best 12 months | +55.1% | +55.1% |
| Worst 12 months | −7.7% | −13.7% |
| Positive months | 58% | 54% |
| Beta vs S&P 500 | 0.72 | — |
| Correlation with S&P 500 | 0.60 | — |
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.
PPI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 47 | −13.7% | +13.5% | +55.1% | 89% |
| 3-year (a year) | 23 | +3.0% | +15.8% | +24.2% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
PPI performance overview
Astoria Real Asset ETF (PPI) returned +6.5% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned +12.1% a year, turning $10,000 into about $17,343. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.5%, from Apr 20, 2022 to Jul 14, 2022, and it took 1.6 years to get back to the old high. PPI finished 4 of its 4 full calendar years with a gain; the best year was 2025 (+30.0%) and the worst 2022 (+4.0%). Volatility has been 19.1% a year.
Related: PPI chart, PPI holdings, PPI dividends, PPI valuation. See the PPI overview for the latest quote and fund facts.
PPI performance FAQ
What is the PPI return over the past year?
PPI returned +6.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.0%.
How much would $10,000 invested in PPI be worth?
$10,000 invested in PPI at its first recorded close on December 30, 2021 would be worth about $17,343 on October 23, 2026 with distributions reinvested.
What was the worst year for PPI?
The worst calendar year was 2022, with a total return of +4.0%. The best was 2025 at +30.0%.
What is the biggest drawdown of PPI?
The largest peak-to-trough decline was −24.5% between April 20, 2022 and July 14, 2022. It recovered to the old high on February 12, 2024, 1.6 years after the bottom.
How volatile is PPI?
Over the past 3 years PPI had an annualized volatility of 15.0% and a Sharpe ratio of 0.87 (excess return over 1–3 month T-bills per unit of risk).