Fairlead Tactical Sector Fund (TACK) Performance
TACK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.3% since Dec 31, 2025
- 1 year
- +13.9% total return
- 3 years
- +25.5% a year
- Since first price
- +18.4% a year since 2022
TACK trailing returns vs AGG, TLT, SPY
| Period | TACK total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.4% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.7% | +0.4% | −0.4% | −1.0% | +3.2% |
| 6 months | +4.8% | +4.0% | −1.5% | −3.8% | +7.8% |
| YTD | +11.3% | +7.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +13.9% | +6.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +97.5%+25.5%/yr | +42.6% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionMar 23, 2022 | +116.7%+18.4%/yr | +28.7% | — | — | — |
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: TACK vs AGG
From Mar 23, 2022: TACK grew to $21,666, AGG to $10,488.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TACK returns by calendar year
3 of 3 full years positive. Best 2024 (+25.5%), worst 2023 (+21.6%). 2026 is year to date.
TACK annual returns table
| Year | TACK | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +11.3% | −5.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +24.1% | −11.8% | +7.2% | +4.3% | +17.7% |
| 2024 | +25.5% | −5.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +21.6% | −6.3% | +5.7% | +2.8% | +26.2% |
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.
TACK largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −11.8% | Apr 8, 2025 | May 20, 2025 | 48 days | 3 months |
| Apr 20, 2022 | −11.5% | Sep 27, 2022 | Jan 4, 2023 | 5 months | 9 months |
| Jul 19, 2023 | −6.3% | Sep 26, 2023 | Nov 14, 2023 | 2 months | 4 months |
| Nov 29, 2024 | −5.9% | Dec 19, 2024 | Jan 21, 2025 | 20 days | 53 days |
| Mar 28, 2024 | −5.9% | Apr 19, 2024 | Jul 11, 2024 | 22 days | 3 months |
| Feb 27, 2026 | −5.7% | Mar 20, 2026 | Apr 8, 2026 | 21 days | 40 days |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
TACK risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +24.2% | +17.8% |
| Volatility (annualized) | 10.6% | 10.9% |
| Sharpe ratio | 1.71 | 1.21 |
| Sortino ratio | 3.89 | 2.40 |
| Best month | +7.9% | +7.9% |
| Worst month | −5.1% | −5.1% |
| Best 12 months | +41.3% | +41.3% |
| Worst 12 months | +11.8% | +7.7% |
| Positive months | 72% | 67% |
| Beta vs S&P 500 | 0.55 | — |
| Correlation with S&P 500 | 0.64 | — |
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.
TACK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 44 | +7.7% | +23.2% | +41.3% | 100% |
| 3-year (a year) | 20 | +16.4% | +23.7% | +26.2% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
TACK performance overview
Fairlead Tactical Sector Fund (TACK) returned +13.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +18.4% a year, turning $10,000 into about $21,666. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −11.8%, from Feb 19, 2025 to Apr 8, 2025, and it took 42 days to get back to the old high. TACK finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+25.5%) and the worst 2023 (+21.6%). Volatility has been 10.9% a year.
Related: TACK chart, TACK dividends, TACK bond profile. See the TACK overview for the latest quote and fund facts.
TACK performance FAQ
What is the TACK return over the past year?
TACK returned +13.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.5%.
How much would $10,000 invested in TACK be worth?
$10,000 invested in TACK at its first recorded close on March 23, 2022 would be worth about $21,666 on October 23, 2026 with distributions reinvested.
What was the worst year for TACK?
The worst calendar year was 2023, with a total return of +21.6%. The best was 2024 at +25.5%.
What is the biggest drawdown of TACK?
The largest peak-to-trough decline was −11.8% between February 19, 2025 and April 8, 2025. It recovered to the old high on May 20, 2025, 42 days after the bottom.
How volatile is TACK?
Over the past 3 years TACK had an annualized volatility of 10.6% and a Sharpe ratio of 1.71 (excess return over 1–3 month T-bills per unit of risk).