- Issuer
- First Manhattan
- Inception Date
- Nov 8, 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
- Blend
- Assets Under Management
- $68M
Share Price Chart
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Performance
FMCE Performance Chart
FM Compounders Equity ETF (FMCE) is up 8.1% since the beginning of the year. FMCE is currently trading at $28 per share.
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Returns By Period
FM Compounders Equity ETF (FMCE) has returned 8.10% so far this year and 14.54% over the past 12 months.
FM Compounders Equity ETF
- 1D
- -0.35%
- 1M
- 1.07%
- YTD
- 8.10%
- 6M
- 7.54%
- 1Y
- 14.54%
- 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%
FMCE Monthly Returns History
Based on dividend-adjusted daily data since Nov 11, 2024, FMCE's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +10.3%, while the worst month was Dec 2024 at -5.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FMCE closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +6.2%, while the worst single day was Apr 4, 2025 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.48% | -1.68% | -5.06% | 10.25% | 2.38% | 1.11% | 8.10% | ||||||
| 2025 | 3.58% | 1.38% | -2.48% | -0.85% | 4.07% | 2.83% | -0.97% | 2.05% | 1.48% | -0.80% | 0.29% | 0.22% | 11.11% |
| 2024 | 2.55% | -5.14% | -2.72% |
Benchmark Metrics
FM Compounders Equity ETF has an annualized alpha of -0.27%, beta of 0.73, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since November 11, 2024.
- This ETF participated in 73.18% of S&P 500 Index downside but only 66.27% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.27%
- Beta
- 0.73
- R²
- 0.74
- Upside Capture
- 66.27%
- Downside Capture
- 73.18%
Expense Ratio
FMCE has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMCE ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FM Compounders Equity ETF (FMCE) 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.
| FMCE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.78 | -1.43 |
| Martin ratioReturn relative to average drawdown | 4.74 | 12.44 | -7.69 |
Dividends
Dividend History
FM Compounders Equity ETF provided a 2.96% dividend yield over the last twelve months, with an annual payout of $0.84 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.84 | $0.84 | $0.05 |
Dividend yield | 2.96% | 3.20% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for FM Compounders Equity 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 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.84 |
| 2024 | $0.05 | $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 FM Compounders Equity 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 FM Compounders Equity ETF was 11.69%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current FM Compounders Equity ETF drawdown is 0.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -11.69%Apr 2025 | 4mo 7d | 1mo 4d | 5mo 11dDec 2024 - May 2025 |
2026 correction2026 | -10.77%Mar 2026 | 2mo 17d | 1mo | 3mo 17dJan 2026 - Apr 2026 |
2025 pullback2025 | -5.89%Nov 2025 | 23d | 21d | 1mo 14dOct 2025 - Dec 2025 |
2025 pullback2025 | -3.30%Aug 2025 | 1mo 1d | 21d | 1mo 22dJul 2025 - Aug 2025 |
2025 pullback2025 | -2.97%Oct 2025 | 3d | 13d | 16dOct 2025 - Oct 2025 |
Drawdown Indicators
| FMCE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -56.78% | +45.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -9.10% | -1.67% |
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 | -0.35% | -1.80% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -10.71% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.03% | +1.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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