Columbia Research Enhanced Core ETF (RECS) Performance
RECS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.9% since Dec 31, 2025
- 1 year
- +13.6% total return
- 5 years
- +13.2% a year
- Since first price
- +16.4% a year since 2019
RECS trailing returns vs SPY, QQQ, AGG
| Period | RECS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.2% | +3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.4% | +8.4% | +7.8% | +8.4% | −1.5% |
| YTD | +10.9% | +10.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.6% | +12.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.7%+23.6%/yr | +82.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +86.0%+13.2%/yr | +46.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 25, 2019 | +192.6%+16.4%/yr | +127.0% | — | — | — |
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: RECS vs SPY
From Sep 25, 2019: RECS grew to $29,262, SPY to $28,221.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RECS returns by calendar year
5 of 6 full years positive. Best 2021 (+32.7%), worst 2022 (−14.4%). 2026 is year to date.
RECS annual returns table
| Year | RECS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.9% | −8.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.3% | −18.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +26.3% | −8.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.2% | −9.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.4% | −22.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +32.7% | −5.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.4% | −34.3% | +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.
RECS largest drawdowns
Now 1.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −34.3% | Mar 23, 2020 | Aug 12, 2020 | 40 days | 6 months |
| Dec 29, 2021 | −22.1% | Sep 30, 2022 | Jul 28, 2023 | 9 months | 1.6 years |
| Feb 19, 2025 | −18.6% | Apr 8, 2025 | Jun 26, 2025 | 48 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.
RECS risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +22.8% | +14.3% | +16.6% |
| Volatility (annualized) | 11.6% | 14.6% | 16.3% |
| Sharpe ratio | 1.47 | 0.75 | 0.86 |
| Sortino ratio | 2.91 | 1.20 | 1.40 |
| Best month | +8.4% | +9.2% | +14.7% |
| Worst month | −5.5% | −9.6% | −11.9% |
| Best 12 months | +39.5% | +39.5% | +57.7% |
| Worst 12 months | +8.3% | −14.4% | −14.4% |
| Positive months | 69% | 62% | 65% |
| Beta vs S&P 500 | 0.92 | 0.92 | — |
| Correlation with S&P 500 | 0.98 | 0.99 | — |
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.
RECS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 74 | −14.4% | +17.9% | +57.7% | 86% |
| 3-year (a year) | 50 | +9.3% | +13.3% | +25.6% | 100% |
| 5-year (a year) | 26 | +13.0% | +16.1% | +19.7% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
RECS performance overview
Columbia Research Enhanced Core ETF (RECS) returned +13.6% over the past year and +13.2% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +16.4% a year, turning $10,000 into about $29,262. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.3%, from Feb 12, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. RECS finished 5 of its 6 full calendar years with a gain; the best year was 2021 (+32.7%) and the worst 2022 (−14.4%). Volatility has been 16.3% a year.
Related: RECS chart, RECS holdings, RECS dividends, RECS valuation. See the RECS overview for the latest quote and fund facts.
RECS performance FAQ
What is the RECS return over the past year?
RECS returned +13.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.3%.
What is the average annual return of RECS?
RECS has returned +13.2% a year over 5 years, +16.4% a year since September 25, 2019 (total return, distributions reinvested).
How much would $10,000 invested in RECS be worth?
$10,000 invested in RECS at its first recorded close on September 25, 2019 would be worth about $29,262 on October 23, 2026 with distributions reinvested.
What was the worst year for RECS?
The worst calendar year was 2022, with a total return of −14.4%. The best was 2021 at +32.7%.
What is the biggest drawdown of RECS?
The largest peak-to-trough decline was −34.3% between February 12, 2020 and March 23, 2020. It recovered to the old high on August 12, 2020, 5 months after the bottom.
How volatile is RECS?
Over the past 3 years RECS had an annualized volatility of 11.6% and a Sharpe ratio of 1.47 (excess return over 1–3 month T-bills per unit of risk).