- Inception Date
- Jun 9, 2025
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $21M
Share Price Chart
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Performance
FMKT Performance Chart
The Free Markets ETF (FMKT) is up 2.7% since the beginning of the year. FMKT is currently trading at $22 per share.
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Returns By Period
The Free Markets ETF
- 1D
- -2.40%
- 1M
- -0.64%
- YTD
- 2.65%
- 6M
- 0.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FMKT Monthly Returns History
Based on dividend-adjusted daily data since Jun 10, 2025, FMKT's average daily return is +0.06%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 54% of months were positive and 46% were negative. The best month was Sep 2025 with a return of +7.6%, while the worst month was Mar 2026 at -6.0%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FMKT closed higher 53% of trading days. The best single day was Apr 8, 2026 with a return of +7.6%, while the worst single day was Apr 7, 2026 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.46% | 0.13% | -6.02% | 6.99% | 3.24% | -2.67% | 2.65% | ||||||
| 2025 | 5.37% | 4.56% | -0.59% | 7.63% | -0.09% | -3.68% | -2.22% | 10.93% |
Benchmark Metrics
The Free Markets ETF has an annualized alpha of -11.60%, beta of 1.16, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since June 11, 2025.
- This ETF participated in 158.96% of S&P 500 Index downside but only 80.32% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -11.60% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -11.60%
- Beta
- 1.16
- R²
- 0.51
- Upside Capture
- 80.32%
- Downside Capture
- 158.96%
Expense Ratio
FMKT has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for The Free Markets ETF (FMKT) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
The Free Markets ETF provided a 2.10% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.46 | $0.46 |
Dividend yield | 2.10% | 2.15% |
Monthly Dividends
The table displays the monthly dividend distributions for The Free Markets 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 | $0.46 | $0.46 |
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 The Free Markets 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 The Free Markets ETF was 17.79%, occurring on Apr 7, 2026. The portfolio has not yet recovered.
The current The Free Markets ETF drawdown is 6.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -17.79%Apr 2026 | 6mo | — | 7mo 28dOct 2025 - now |
2025 pullback2025 | -3.58%Aug 2025 | 8d | 20d | 28dAug 2025 - Sep 2025 |
2025 pullback2025 | -1.97%Aug 2025 | 4d | 3d | 7dJul 2025 - Aug 2025 |
2025 pullback2025 | -1.82%Jul 2025 | 1d | 3d | 4dJul 2025 - Jul 2025 |
2025 pullback2025 | -1.37%Sep 2025 | 1d | 4d | 5dSep 2025 - Sep 2025 |
Drawdown Indicators
| FMKT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -56.78% | +38.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -6.86% | -0.74% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -10.72% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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