Hilton Small-MidCap Opportunity ETF (SMCO) Performance
SMCO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.1% since Dec 31, 2025
- 1 year
- +3.0% total return
- Since first price
- +40.7% since 2023
SMCO trailing returns vs SPY, QQQ, AGG
| Period | SMCO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.0% | +0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.2% | −6.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.6% | −5.6% | +7.8% | +8.4% | −1.5% |
| YTD | +4.1% | +4.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.0% | +2.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 29, 2023 | +40.7% | +38.7% | — | — | — |
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: SMCO vs SPY
From Nov 29, 2023: SMCO grew to $14,075, SPY to $17,334.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SMCO returns by calendar year
2 of 2 full years positive. Best 2024 (+17.8%), worst 2025 (+6.5%). 2026 is year to date.
SMCO annual returns table
| Year | SMCO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.1% | −11.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.5% | −22.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.8% | −8.8% | +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.
SMCO largest drawdowns
Now 10.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 21, 2025 | −22.7% | Apr 8, 2025 | Oct 6, 2025 | 3 months | 8 months |
| Jun 30, 2026 | −11.5% | Sep 30, 2026 | not yet | 3 months | 4 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.
SMCO risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +11.9% |
| Volatility (annualized) | 16.3% |
| Sharpe ratio | 0.51 |
| Sortino ratio | 0.82 |
| Best month | +9.7% |
| Worst month | −7.2% |
| Best 12 months | +34.6% |
| Worst 12 months | −1.7% |
| Positive months | 59% |
| 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.
SMCO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 24 | −1.7% | +8.8% | +34.6% | 92% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
SMCO performance overview
Hilton Small-MidCap Opportunity ETF (SMCO) returned +3.0% over the past year, with distributions reinvested. Since its first recorded price on Nov 29, 2023 it has returned +40.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.7%, from Jan 21, 2025 to Apr 8, 2025, and it took 6 months to get back to the old high. Volatility has been 16.3% a year.
Related: SMCO chart, SMCO holdings, SMCO dividends, SMCO valuation. See the SMCO overview for the latest quote and fund facts.
SMCO performance FAQ
What is the SMCO return over the past year?
SMCO returned +3.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.0%.
How much would $10,000 invested in SMCO be worth?
$10,000 invested in SMCO at its first recorded close on November 29, 2023 would be worth about $14,075 on October 23, 2026 with distributions reinvested.
What was the worst year for SMCO?
The worst calendar year was 2025, with a total return of +6.5%. The best was 2024 at +17.8%.
What is the biggest drawdown of SMCO?
The largest peak-to-trough decline was −22.7% between January 21, 2025 and April 8, 2025. It recovered to the old high on October 6, 2025, 6 months after the bottom.
How volatile is SMCO?
Over the past history SMCO had an annualized volatility of 16.3% and a Sharpe ratio of 0.51 (excess return over 1–3 month T-bills per unit of risk).