- 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
Share Price Chart
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Performance
FCTE Performance Chart
SMI 3Fourteen Full-Cycle Trend ETF (FCTE) is up 13.1% since the beginning of the year. FCTE is currently trading at $28 per share.
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Returns By Period
SMI 3Fourteen Full-Cycle Trend ETF (FCTE) has returned 13.07% so far this year and 9.31% over the past 12 months.
SMI 3Fourteen Full-Cycle Trend ETF
- 1D
- 0.37%
- 1M
- 4.71%
- YTD
- 13.07%
- 6M
- 11.47%
- 1Y
- 9.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 63% of months were positive and 38% 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% | 4.72% | 13.07% | ||||||
| 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 -6.85%, beta of 0.94, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since July 02, 2024.
- This ETF participated in 100.42% 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 -6.85% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.94 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
- -6.85%
- Beta
- 0.94
- R²
- 0.70
- Upside Capture
- 62.50%
- Downside Capture
- 100.42%
Expense Ratio
FCTE has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FCTE ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by 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 | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.78 | -2.06 |
| Martin ratioReturn relative to average drawdown | 2.01 | 12.44 | -10.43 |
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 | ||||||
| 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 0.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -19.68%Apr 2025 | 5mo 25d | 1y 2mo | 1y 8moOct 2024 - Jun 2026 |
2024 pullback2024 | -7.26%Sep 2024 | 11d | 13d | 24dAug 2024 - Sep 2024 |
2024 pullback2024 | -4.92%Aug 2024 | 6d | 8d | 14dAug 2024 - Aug 2024 |
2024 pullback2024 | -3.10%Jul 2024 | 7d | 6d | 13dJul 2024 - Jul 2024 |
2024 pullback2024 | -2.20%Oct 2024 | 10d | 4d | 14dSep 2024 - Oct 2024 |
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 | -0.05% | -1.80% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -10.71% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 2.03% | +2.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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