Adaptive Core ETF (RULE) Performance
RULE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +26.8% since Dec 31, 2025
- 1 year
- +26.9% total return
- 3 years
- +17.6% a year
- Since first price
- +3.5% a year since 2021
RULE trailing returns vs AGG, TLT, SPY
| Period | RULE total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −4.6% | −4.6% | +0.9% | +1.5% | −1.0% |
| 3 months | −4.8% | −4.8% | −0.4% | −1.0% | +3.2% |
| 6 months | +9.1% | +9.1% | −1.5% | −3.8% | +7.8% |
| YTD | +26.8% | +26.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +26.9% | +26.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +62.7%+17.6%/yr | +59.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionNov 2, 2021 | +18.7%+3.5%/yr | +16.3% | — | — | — |
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: RULE vs AGG
From Nov 2, 2021: RULE grew to $11,865, AGG to $9,861.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RULE returns by calendar year
3 of 4 full years positive. Best 2024 (+7.6%), worst 2022 (−22.9%). 2026 is year to date.
RULE annual returns table
| Year | RULE | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +26.8% | −19.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.6% | −18.3% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.6% | −8.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.3% | −12.4% | +5.7% | +2.8% | +26.2% |
| 2022 | −22.9% | −23.3% | −13.0% | −31.2% | −18.2% |
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.
RULE largest drawdowns
Now 15.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −30.5% | Oct 27, 2023 | Jan 27, 2026 | 2.0 years | 4.2 years |
| Jun 30, 2026 | −19.5% | Jul 29, 2026 | not yet | 29 days | 4 months so far |
| Feb 25, 2026 | −12.6% | Mar 30, 2026 | Apr 14, 2026 | 33 days | 48 days |
| Jun 3, 2026 | −9.5% | Jun 10, 2026 | Jun 18, 2026 | 7 days | 15 days |
| May 14, 2026 | −6.6% | May 19, 2026 | May 26, 2026 | 5 days | 12 days |
| Jun 22, 2026 | −5.8% | Jun 26, 2026 | Jun 30, 2026 | 4 days | 8 days |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
RULE risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +18.4% | +4.6% |
| Volatility (annualized) | 20.7% | 17.7% |
| Sharpe ratio | 0.71 | 0.13 |
| Sortino ratio | 1.22 | 0.21 |
| Best month | +16.2% | +16.2% |
| Worst month | −14.7% | −14.7% |
| Best 12 months | +52.3% | +52.3% |
| Worst 12 months | −6.3% | −22.9% |
| Positive months | 67% | 59% |
| Beta vs S&P 500 | 1.18 | — |
| Correlation with S&P 500 | 0.71 | — |
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.
RULE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 48 | −22.9% | +6.3% | +52.3% | 69% |
| 3-year (a year) | 24 | −4.1% | +6.2% | +20.8% | 75% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
RULE performance overview
Adaptive Core ETF (RULE) returned +26.9% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned +3.5% a year, turning $10,000 into about $11,865. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −30.5%, from Nov 8, 2021 to Oct 27, 2023, and it took 2.3 years to get back to the old high. RULE finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+7.6%) and the worst 2022 (−22.9%). Volatility has been 17.7% a year.
Related: RULE chart, RULE holdings, RULE bond profile. See the RULE overview for the latest quote and fund facts.
RULE performance FAQ
What is the RULE return over the past year?
RULE returned +26.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 26.9%.
How much would $10,000 invested in RULE be worth?
$10,000 invested in RULE at its first recorded close on November 2, 2021 would be worth about $11,865 on October 23, 2026 with distributions reinvested.
What was the worst year for RULE?
The worst calendar year was 2022, with a total return of −22.9%. The best was 2024 at +7.6%.
What is the biggest drawdown of RULE?
The largest peak-to-trough decline was −30.5% between November 8, 2021 and October 27, 2023. It recovered to the old high on January 27, 2026, 2.3 years after the bottom.
How volatile is RULE?
Over the past 3 years RULE had an annualized volatility of 20.7% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).