Infrastructure Capital Small Cap Income ETF (SCAP) Performance
SCAP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.4% since Dec 31, 2025
- 1 year
- +8.1% total return
- Since first price
- +41.6% since 2023
SCAP trailing returns vs SPY, QQQ, AGG
| Period | SCAP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.5% | −6.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.2% | −9.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.9% | −6.7% | +7.8% | +8.4% | −1.5% |
| YTD | +2.4% | −3.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.1% | +0.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 12, 2023 | +41.6% | +15.7% | — | — | — |
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: SCAP vs SPY
From Dec 12, 2023: SCAP grew to $14,156, SPY to $16,980.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SCAP returns by calendar year
2 of 2 full years positive. Best 2024 (+16.4%), worst 2025 (+11.9%). 2026 is year to date.
SCAP annual returns table
| Year | SCAP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.4% | −12.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.9% | −22.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.4% | −9.4% | +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.
SCAP largest drawdowns
Now 11.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −24.1% | Apr 8, 2025 | Sep 11, 2025 | 4 months | 10 months |
| Aug 14, 2026 | −12.3% | Oct 16, 2026 | not yet | 2 months | 2 months so far |
| Feb 10, 2026 | −11.5% | Mar 20, 2026 | May 5, 2026 | 38 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SCAP risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +12.0% |
| Volatility (annualized) | 15.8% |
| Sharpe ratio | 0.53 |
| Sortino ratio | 0.84 |
| Best month | +9.6% |
| Worst month | −7.5% |
| Best 12 months | +31.3% |
| Worst 12 months | +1.0% |
| Positive months | 61% |
| 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.
SCAP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | +1.0% | +11.4% | +31.3% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
SCAP performance overview
Infrastructure Capital Small Cap Income ETF (SCAP) returned +8.1% over the past year, with distributions reinvested. Since its first recorded price on Dec 12, 2023 it has returned +41.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.1%, from Nov 25, 2024 to Apr 8, 2025, and it took 5 months to get back to the old high. Volatility has been 15.8% a year.
Related: SCAP chart, SCAP holdings, SCAP dividends, SCAP valuation. See the SCAP overview for the latest quote and fund facts.
SCAP performance FAQ
What is the SCAP return over the past year?
SCAP returned +8.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.0%.
How much would $10,000 invested in SCAP be worth?
$10,000 invested in SCAP at its first recorded close on December 12, 2023 would be worth about $14,156 on October 23, 2026 with distributions reinvested.
What was the worst year for SCAP?
The worst calendar year was 2025, with a total return of +11.9%. The best was 2024 at +16.4%.
What is the biggest drawdown of SCAP?
The largest peak-to-trough decline was −24.1% between November 25, 2024 and April 8, 2025. It recovered to the old high on September 11, 2025, 5 months after the bottom.
How volatile is SCAP?
Over the past history SCAP had an annualized volatility of 15.8% and a Sharpe ratio of 0.53 (excess return over 1–3 month T-bills per unit of risk).