- ISIN
- US66538H2114
- Issuer
- First Manhattan
- Inception Date
- Apr 22, 2022
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $117M
Highlights
- Avg. Volume (1M)
- 133
- Avg. Volume Value (1M)
- $4.71K
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FMCX Performance Chart
FMC Excelsior Focus Equity ETF (FMCX) is up 5.3% since the beginning of the year. FMCX is currently trading at $36 per share.
Loading charts...
Compare this symbol against anything
Returns By Period
FMC Excelsior Focus Equity ETF (FMCX) has returned 5.31% so far this year and 8.77% over the past 12 months.
FMC Excelsior Focus Equity ETF
- 1D
- 1.75%
- 1M
- -2.27%
- 6M
- 4.73%
- YTD
- 5.31%
- 1Y
- 8.77%
- 3Y*
- 13.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.19%
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%
FMCX Monthly Returns History
Based on dividend-adjusted daily data since Apr 25, 2022, FMCX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +11.9%, while the worst month was Sep 2022 at -9.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FMCX closed higher 54% of trading days. The best single day was Nov 10, 2022 with a return of +4.9%, while the worst single day was Apr 4, 2025 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.56% | -2.38% | -5.09% | 11.91% | 2.76% | 1.13% | -2.80% | 5.31% | |||||
| 2025 | 4.18% | -3.36% | -4.79% | -0.13% | 5.57% | 4.93% | 2.64% | 0.67% | 3.60% | -0.95% | -0.12% | -0.88% | 11.31% |
| 2024 | 0.72% | 4.78% | 3.07% | -4.58% | 2.01% | 1.88% | 2.80% | 2.84% | 3.24% | -1.90% | 6.31% | -3.01% | 19.10% |
| 2023 | 5.84% | -2.05% | 1.52% | 1.47% | 0.75% | 5.95% | 1.89% | -2.16% | -4.43% | -2.97% | 11.52% | 3.77% | 21.94% |
| 2022 | -4.62% | 0.52% | -7.97% | 9.16% | -4.60% | -8.95% | 6.83% | 5.10% | -5.41% | -11.16% |
Benchmark Metrics
FMC Excelsior Focus Equity ETF has an annualized alpha of -1.52%, beta of 0.86, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since April 25, 2022.
- This ETF participated in 106.69% of S&P 500 Index downside but only 90.90% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.86 and R2 of 0.82, 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
- -1.52%
- Beta
- 0.86
- R²
- 0.82
- Upside Capture
- 90.90%
- Downside Capture
- 106.69%
Expense Ratio
FMCX has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMCX ranks 24 for risk / return — above 24% 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 FMC Excelsior Focus Equity ETF (FMCX) 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.
| FMCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.00 | -1.39 |
| Martin ratioReturn relative to average drawdown | 2.04 | 8.49 | -6.45 |
Dividends
Dividend History
FMC Excelsior Focus Equity ETF provided a 0.29% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.11 | $0.12 | $0.66 | $0.36 | $0.26 |
Dividend yield | 0.29% | 0.35% | 2.12% | 1.34% | 1.19% |
Monthly Dividends
The table displays the monthly dividend distributions for FMC Excelsior Focus 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 | $0.03 | $0.00 | $0.03 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.66 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.36 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.26 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the FMC Excelsior Focus 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 FMC Excelsior Focus Equity ETF was 17.70%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.
The current FMC Excelsior Focus Equity ETF drawdown is 2.80%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.70%Apr 2025 | 2mo 14d | 2mo 19d | 5mo 3dJan 2025 - Jun 2025 | 2025 selloff2025 |
-17.33%Oct 2022 | 1mo 26d | 8mo 6d | 10mo 2dAug 2022 - Jun 2023 | Bear market2022 |
-15.15%Jun 2022 | 1mo 21d | 2mo | 3mo 21dApr 2022 - Aug 2022 | Bear market2022 |
-12.59%Mar 2026 | 2mo 16d | 1mo 1d | 3mo 17dJan 2026 - Apr 2026 | — |
-11.66%Oct 2023 | 3mo 3d | 1mo 4d | 4mo 7dJul 2023 - Nov 2023 | — |
Drawdown Indicators
| FMCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -56.78% | +39.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -9.10% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -18.90% | +1.20% |
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 | -2.80% | -1.58% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -10.70% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.14% | +1.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FMCX
Add FMC Excelsior Focus Equity ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FMCX