Towle Value ETF (TCV) Performance
TCV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +27.0% since Dec 31, 2025
- 1 year
- +25.4% total return
- Since first price
- +32.0% since 2025
TCV trailing returns vs SPY, QQQ, AGG
| Period | TCV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.5% | +2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.0% | +1.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.1% | +8.1% | +7.8% | +8.4% | −1.5% |
| YTD | +27.0% | +27.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +25.4% | +25.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 17, 2025 | +32.0% | +31.6% | — | — | — |
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: TCV vs SPY
From Jul 17, 2025: TCV grew to $13,197, SPY to $12,265.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TCV returns by calendar year
2026 is year to date.
TCV annual returns table
| Year | TCV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +27.0% | −12.1% | +12.3% | +15.1% | −1.0% |
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.
TCV largest drawdowns
Now 3.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 23, 2025 | −12.2% | Aug 11, 2025 | Oct 23, 2025 | 19 days | 3 months |
| Feb 9, 2026 | −12.1% | Mar 20, 2026 | Apr 27, 2026 | 39 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.
TCV risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +28.1% |
| Volatility (annualized) | 17.1% |
| Sharpe ratio | 1.33 |
| Sortino ratio | 3.22 |
| Best month | +11.7% |
| Worst month | −5.4% |
| Best 12 months | +38.9% |
| Worst 12 months | +23.5% |
| Positive months | 79% |
| 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.
TCV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | +23.5% | +29.3% | +38.9% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
TCV performance overview
Towle Value ETF (TCV) returned +25.4% over the past year, with distributions reinvested. Since its first recorded price on Jul 17, 2025 it has returned +32.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −12.2%, from Jul 23, 2025 to Aug 11, 2025, and it took 2 months to get back to the old high. Volatility has been 17.1% a year.
Related: TCV chart, TCV holdings, TCV dividends, TCV valuation. See the TCV overview for the latest quote and fund facts.
TCV performance FAQ
What is the TCV return over the past year?
TCV returned +25.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 25.0%.
How much would $10,000 invested in TCV be worth?
$10,000 invested in TCV at its first recorded close on July 17, 2025 would be worth about $13,197 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of TCV?
The largest peak-to-trough decline was −12.2% between July 23, 2025 and August 11, 2025. It recovered to the old high on October 23, 2025, 2 months after the bottom.
How volatile is TCV?
Over the past history TCV had an annualized volatility of 17.1% and a Sharpe ratio of 1.33 (excess return over 1–3 month T-bills per unit of risk).