Northern Lights Fund Trust III (PRAE) Performance
PRAE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.3% since Dec 31, 2025
- 1 year
- +15.1% total return
- Since first price
- +40.7% since 2023
PRAE trailing returns vs SPY, QQQ, AGG
| Period | PRAE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.4% | +3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.9% | +5.7% | +7.8% | +8.4% | −1.5% |
| YTD | +13.3% | +12.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.1% | +14.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 19, 2023 | +40.7% | +38.3% | — | — | — |
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: PRAE vs SPY
From Dec 19, 2023: PRAE grew to $14,069, SPY to $16,528.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PRAE returns by calendar year
2 of 2 full years positive. Best 2025 (+13.7%), worst 2024 (+8.5%). 2026 is year to date.
PRAE annual returns table
| Year | PRAE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.3% | −9.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.7% | −17.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.5% | −11.4% | +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.
PRAE largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 4, 2024 | −17.7% | Apr 7, 2025 | Sep 15, 2025 | 4 months | 9 months |
| Jul 16, 2024 | −11.4% | Aug 7, 2024 | Nov 11, 2024 | 22 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PRAE risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +13.0% |
| Volatility (annualized) | 13.5% |
| Sharpe ratio | 0.66 |
| Sortino ratio | 1.00 |
| Best month | +7.1% |
| Worst month | −8.1% |
| Best 12 months | +33.8% |
| Worst 12 months | −6.7% |
| Positive months | 70% |
| 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.
PRAE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | −6.7% | +12.6% | +33.8% | 78% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
PRAE performance overview
Northern Lights Fund Trust III (PRAE) returned +15.1% over the past year, with distributions reinvested. Since its first recorded price on Dec 19, 2023 it has returned +40.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.7%, from Dec 4, 2024 to Apr 7, 2025, and it took 5 months to get back to the old high. Volatility has been 13.5% a year.
Related: PRAE chart, PRAE dividends. See the PRAE overview for the latest quote and fund facts.
PRAE performance FAQ
What is the PRAE return over the past year?
PRAE returned +15.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.6%.
How much would $10,000 invested in PRAE be worth?
$10,000 invested in PRAE at its first recorded close on December 19, 2023 would be worth about $14,069 on October 23, 2026 with distributions reinvested.
What was the worst year for PRAE?
The worst calendar year was 2024, with a total return of +8.5%. The best was 2025 at +13.7%.
What is the biggest drawdown of PRAE?
The largest peak-to-trough decline was −17.7% between December 4, 2024 and April 7, 2025. It recovered to the old high on September 15, 2025, 5 months after the bottom.
How volatile is PRAE?
Over the past history PRAE had an annualized volatility of 13.5% and a Sharpe ratio of 0.66 (excess return over 1–3 month T-bills per unit of risk).