TCW Transform 500 ETF (VOTE) Performance
VOTE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.4% since Dec 31, 2025
- 1 year
- +14.3% total return
- 5 years
- +12.1% a year
- Since first price
- +12.9% a year since 2021
VOTE trailing returns vs SPY, QQQ, AGG
| Period | VOTE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.0% | +7.4% | +7.8% | +8.4% | −1.5% |
| YTD | +12.4% | +11.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.3% | +13.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +89.1%+23.7%/yr | +82.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +77.4%+12.1%/yr | +66.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 23, 2021 | +90.6%+12.9%/yr | +78.4% | — | — | — |
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: VOTE vs SPY
From Jun 23, 2021: VOTE grew to $19,060, SPY to $19,289.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VOTE returns by calendar year
3 of 4 full years positive. Best 2023 (+27.6%), worst 2022 (−19.7%). 2026 is year to date.
VOTE annual returns table
| Year | VOTE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.4% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.0% | −19.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.2% | −8.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +27.6% | −9.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.7% | −25.6% | −18.2% | −32.6% | −13.0% |
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.
VOTE largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 29, 2021 | −25.7% | Oct 14, 2022 | Dec 13, 2023 | 9 months | 2.0 years |
| Feb 19, 2025 | −19.1% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VOTE risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +23.2% | +13.5% | +12.9% |
| Volatility (annualized) | 12.8% | 15.8% | 15.7% |
| Sharpe ratio | 1.37 | 0.66 | 0.64 |
| Sortino ratio | 2.85 | 1.05 | 1.01 |
| Best month | +10.8% | +10.8% | +10.8% |
| Worst month | −6.1% | −9.1% | −9.1% |
| Best 12 months | +38.6% | +38.6% | +38.6% |
| Worst 12 months | +8.1% | −19.7% | −19.7% |
| Positive months | 64% | 58% | 59% |
| Beta vs S&P 500 | 1.03 | 1.01 | — |
| Correlation with S&P 500 | 1.00 | 1.00 | — |
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.
VOTE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 53 | −19.7% | +17.1% | +38.6% | 81% |
| 3-year (a year) | 29 | +8.4% | +19.6% | +25.3% | 100% |
| 5-year (a year) | 5 | +11.9% | +12.4% | +13.5% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
VOTE performance overview
TCW Transform 500 ETF (VOTE) returned +14.3% over the past year and +12.1% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +12.9% a year, turning $10,000 into about $19,060. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.7%, from Dec 29, 2021 to Oct 14, 2022, and it took 1.2 years to get back to the old high. VOTE finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+27.6%) and the worst 2022 (−19.7%). Volatility has been 15.7% a year.
Related: VOTE chart, VOTE holdings, VOTE dividends, VOTE valuation. See the VOTE overview for the latest quote and fund facts.
VOTE performance FAQ
What is the VOTE return over the past year?
VOTE returned +14.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.2%.
What is the average annual return of VOTE?
VOTE has returned +12.1% a year over 5 years, +12.9% a year since June 23, 2021 (total return, distributions reinvested).
How much would $10,000 invested in VOTE be worth?
$10,000 invested in VOTE at its first recorded close on June 23, 2021 would be worth about $19,060 on October 23, 2026 with distributions reinvested.
What was the worst year for VOTE?
The worst calendar year was 2022, with a total return of −19.7%. The best was 2023 at +27.6%.
What is the biggest drawdown of VOTE?
The largest peak-to-trough decline was −25.7% between December 29, 2021 and October 14, 2022. It recovered to the old high on December 13, 2023, 1.2 years after the bottom.
How volatile is VOTE?
Over the past 3 years VOTE had an annualized volatility of 12.8% and a Sharpe ratio of 1.37 (excess return over 1–3 month T-bills per unit of risk).