MFAM Small-Cap Growth ETF (TMFS) Performance
TMFS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.6% since Dec 31, 2025
- 1 year
- −2.3% total return
- 5 years
- −2.7% a year
- Since first price
- +7.8% a year since 2018
TMFS trailing returns vs SPY, QQQ, AGG
| Period | TMFS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.5% | +3.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.8% | −2.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.8% | −2.8% | +7.8% | +8.4% | −1.5% |
| YTD | −2.6% | −2.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.3% | −2.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +29.5%+9.0%/yr | +29.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −12.7%−2.7%/yr | −15.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 30, 2018 | +82.3%+7.8%/yr | +65.7% | — | — | — |
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: TMFS vs SPY
From Oct 30, 2018: TMFS grew to $18,232, SPY to $31,991.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TMFS returns by calendar year
4 of 7 full years positive. Best 2020 (+58.5%), worst 2022 (−33.1%). 2026 is year to date.
TMFS annual returns table
| Year | TMFS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.6% | −15.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −1.6% | −25.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.4% | −9.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +25.4% | −15.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −33.1% | −39.4% | −18.2% | −32.6% | −13.0% |
| 2021 | −2.4% | −20.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +58.5% | −35.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +38.3% | −13.0% | +31.2% | +39.0% | +8.5% |
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.
TMFS largest drawdowns
Now 21.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2021 | −48.8% | Jun 16, 2022 | not yet | 1.3 years | 5.7 years so far |
| Feb 19, 2020 | −35.1% | Mar 16, 2020 | Jun 2, 2020 | 26 days | 3 months |
| Nov 7, 2018 | −20.3% | Dec 24, 2018 | Feb 6, 2019 | 47 days | 3 months |
| Jul 24, 2019 | −13.0% | Oct 2, 2019 | Nov 15, 2019 | 2 months | 4 months |
| Sep 2, 2020 | −10.9% | Sep 24, 2020 | Oct 9, 2020 | 22 days | 37 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TMFS risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +5.4% | −3.0% | +7.2% |
| Volatility (annualized) | 21.1% | 21.3% | 24.0% |
| Sharpe ratio | 0.15 | -0.21 | 0.30 |
| Sortino ratio | 0.22 | -0.28 | 0.45 |
| Best month | +13.7% | +13.7% | +17.8% |
| Worst month | −9.8% | −13.3% | −18.8% |
| Best 12 months | +42.6% | +42.6% | +90.0% |
| Worst 12 months | −10.8% | −39.1% | −40.2% |
| Positive months | 58% | 55% | 58% |
| Beta vs S&P 500 | 1.16 | 1.01 | — |
| Correlation with S&P 500 | 0.68 | 0.74 | — |
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.
TMFS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 85 | −40.2% | +9.8% | +90.0% | 68% |
| 3-year (a year) | 61 | −8.6% | +4.9% | +28.9% | 74% |
| 5-year (a year) | 37 | −3.0% | +6.3% | +12.4% | 70% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
TMFS performance overview
MFAM Small-Cap Growth ETF (TMFS) returned −2.3% over the past year and −2.7% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +7.8% a year, turning $10,000 into about $18,232. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −48.8%, from Feb 12, 2021 to Jun 16, 2022; the fund has not yet regained that high. TMFS finished 4 of its 7 full calendar years with a gain; the best year was 2020 (+58.5%) and the worst 2022 (−33.1%). Volatility has been 24.0% a year.
Related: TMFS chart, TMFS holdings, TMFS valuation. See the TMFS overview for the latest quote and fund facts.
TMFS performance FAQ
What is the TMFS return over the past year?
TMFS returned −2.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.3%.
What is the average annual return of TMFS?
TMFS has returned −2.7% a year over 5 years, +7.8% a year since October 30, 2018 (total return, distributions reinvested).
How much would $10,000 invested in TMFS be worth?
$10,000 invested in TMFS at its first recorded close on October 30, 2018 would be worth about $18,232 on October 23, 2026 with distributions reinvested.
What was the worst year for TMFS?
The worst calendar year was 2022, with a total return of −33.1%. The best was 2020 at +58.5%.
What is the biggest drawdown of TMFS?
The largest peak-to-trough decline was −48.8% between February 12, 2021 and June 16, 2022. It has not yet recovered to that high; it is 21.1% below its peak.
How volatile is TMFS?
Over the past 3 years TMFS had an annualized volatility of 21.1% and a Sharpe ratio of 0.15 (excess return over 1–3 month T-bills per unit of risk).