- Issuer
- SMI 3Fourteen
- Inception Date
- Jul 1, 2024
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $279M
Highlights
- Avg. Volume (1M)
- 27K
- Avg. Volume Value (1M)
- $768.22K
Share Price Chart
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Performance
FCTE Performance Chart
SMI 3Fourteen Full-Cycle Trend ETF (FCTE) is up 16.9% since the beginning of the year. FCTE is currently trading at $29 per share.
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Returns By Period
SMI 3Fourteen Full-Cycle Trend ETF (FCTE) has returned 16.87% so far this year and 13.55% over the past 12 months.
SMI 3Fourteen Full-Cycle Trend ETF
- 1D
- 1.22%
- 1M
- 0.54%
- 6M
- 9.25%
- YTD
- 16.87%
- 1Y
- 13.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.91%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FCTE Monthly Returns History
Based on dividend-adjusted daily data since Jul 2, 2024, FCTE's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +10.0%, while the worst month was Mar 2026 at -8.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FCTE closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Apr 3, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.97% | 0.82% | -8.22% | 10.00% | -0.83% | 8.64% | -0.37% | 16.87% | |||||
| 2025 | 4.47% | -2.40% | -4.94% | 0.84% | 3.87% | 1.14% | -2.63% | 0.89% | 1.76% | -7.07% | 1.03% | -0.17% | -3.80% |
| 2024 | 8.79% | 1.62% | 2.54% | -4.77% | 2.84% | -4.35% | 6.19% |
Benchmark Metrics
SMI 3Fourteen Full-Cycle Trend ETF has an annualized alpha of -5.00%, beta of 0.93, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since July 02, 2024.
- This ETF participated in 85.75% of S&P 500 Index downside but only 62.50% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -5.00% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.93 and R2 of 0.70, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -5.00%
- Beta
- 0.93
- R²
- 0.70
- Upside Capture
- 62.50%
- Downside Capture
- 85.75%
Expense Ratio
FCTE has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FCTE ranks 32 for risk / return — above 32% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SMI 3Fourteen Full-Cycle Trend ETF (FCTE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCTE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.00 | -1.03 |
| Martin ratioReturn relative to average drawdown | 2.74 | 8.49 | -5.75 |
Dividends
Dividend History
SMI 3Fourteen Full-Cycle Trend ETF provided a 0.08% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.02 | $0.05 | $0.05 |
Dividend yield | 0.08% | 0.18% | 0.18% |
Monthly Dividends
The table displays the monthly dividend distributions for SMI 3Fourteen Full-Cycle Trend ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.05 |
| 2024 | $0.03 | $0.00 | $0.00 | $0.02 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SMI 3Fourteen Full-Cycle Trend ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SMI 3Fourteen Full-Cycle Trend ETF was 19.68%, occurring on Apr 8, 2025. Recovery took 297 trading sessions.
The current SMI 3Fourteen Full-Cycle Trend ETF drawdown is 0.37%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.68%Apr 2025 | 5mo 25d | 1y 2mo | 1y 8moOct 2024 - Jun 2026 | 2025 selloff2025 |
-7.26%Sep 2024 | 11d | 13d | 24dAug 2024 - Sep 2024 | — |
-4.92%Aug 2024 | 6d | 8d | 14dAug 2024 - Aug 2024 | — |
-3.10%Jul 2024 | 7d | 6d | 13dJul 2024 - Jul 2024 | — |
-2.36%Jul 2026 | 28d | — | 1mo 2dJul 2026 - now | — |
Drawdown Indicators
| FCTE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.68% | -56.78% | +37.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -9.10% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.58% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -10.70% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 2.14% | +2.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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