Aptus Large Cap Upside ETF (UPSD) Performance
UPSD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.7% since Dec 31, 2025
- 1 year
- +15.4% total return
- Since first price
- +22.7% since 2024
UPSD trailing returns vs SPY, QQQ, AGG
| Period | UPSD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.6% | +1.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +7.5% | +7.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +14.1% | +13.9% | +7.8% | +8.4% | −1.5% |
| YTD | +14.7% | +14.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.4% | +14.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 21, 2024 | +22.7% | +21.2% | — | — | — |
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: UPSD vs SPY
From Nov 21, 2024: UPSD grew to $12,274, SPY to $13,097.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UPSD returns by calendar year
1 of 1 full years positive. Best 2025 (+12.8%), worst 2025 (+12.8%). 2026 is year to date.
UPSD annual returns table
| Year | UPSD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.7% | −11.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.8% | −23.7% | +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.
UPSD largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 4, 2024 | −23.9% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
| Mar 2, 2026 | −11.9% | Mar 27, 2026 | May 13, 2026 | 25 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UPSD risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +9.6% |
| Volatility (annualized) | 14.1% |
| Sharpe ratio | 0.45 |
| Sortino ratio | 0.62 |
| Best month | +6.2% |
| Worst month | −9.0% |
| Best 12 months | +21.5% |
| Worst 12 months | +6.2% |
| Positive months | 68% |
| 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.
UPSD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +6.2% | +14.4% | +21.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
UPSD performance overview
Aptus Large Cap Upside ETF (UPSD) returned +15.4% over the past year, with distributions reinvested. Since its first recorded price on Nov 21, 2024 it has returned +22.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.9%, from Dec 4, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 14.1% a year.
Related: UPSD chart, UPSD holdings, UPSD dividends, UPSD valuation. See the UPSD overview for the latest quote and fund facts.
UPSD performance FAQ
What is the UPSD return over the past year?
UPSD returned +15.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.7%.
How much would $10,000 invested in UPSD be worth?
$10,000 invested in UPSD at its first recorded close on November 21, 2024 would be worth about $12,274 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of UPSD?
The largest peak-to-trough decline was −23.9% between December 4, 2024 and April 8, 2025. It recovered to the old high on August 13, 2025, 4 months after the bottom.
How volatile is UPSD?
Over the past history UPSD had an annualized volatility of 14.1% and a Sharpe ratio of 0.45 (excess return over 1–3 month T-bills per unit of risk).