TSEP (TSEP) Performance
TSEP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.4% since Dec 31, 2025
- 1 year
- +8.7% total return
- Since first price
- +27.5% since 2024
TSEP trailing returns vs SPY, QQQ, AGG
| Period | TSEP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.5% | −5.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.4% | −1.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.1% | +1.1% | +7.8% | +8.4% | −1.5% |
| YTD | +7.4% | +7.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.7% | +8.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 23, 2024 | +27.5% | +27.5% | — | — | — |
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: TSEP vs SPY
From Sep 23, 2024: TSEP grew to $12,745, SPY to $13,648.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TSEP returns by calendar year
1 of 1 full years positive. Best 2025 (+20.9%), worst 2025 (+20.9%). 2026 is year to date.
TSEP annual returns table
| Year | TSEP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.4% | −7.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.9% | −9.8% | +17.7% | +20.8% | +7.2% |
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.
TSEP risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +14.6% |
| Volatility (annualized) | 7.8% |
| Sharpe ratio | 1.28 |
| Sortino ratio | 2.48 |
| Best month | +6.2% |
| Worst month | −4.5% |
| Best 12 months | +25.8% |
| Worst 12 months | +13.5% |
| Positive months | 75% |
| 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.
TSEP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | +8.4% | +18.6% | +25.8% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
TSEP performance overview
TSEP (TSEP) returned +8.7% over the past year, with distributions reinvested. Since its first recorded price on Sep 23, 2024 it has returned +27.5%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: TSEP chart. See the TSEP overview for the latest quote and fund facts.
TSEP performance FAQ
What is the TSEP return over the past year?
TSEP returned +8.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.7%.
How much would $10,000 invested in TSEP be worth?
$10,000 invested in TSEP at its first recorded close on September 23, 2024 would be worth about $12,745 on October 23, 2026 with distributions reinvested.
How volatile is TSEP?
Over the past history TSEP had an annualized volatility of 7.8% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).