All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

KMLM: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

KMLM real return snapshot: after CPI-U inflation, KMLM returned +11.53% over the past year and +8.84% YTD, with dividends reinvested. Since Dec. 2, 2020, KMLM is up +10.24% in real purchasing-power return, or +1.73%/yr, and is currently −25.92% below its real total-return high on Oct. 14, 2022.

Data ending Fri Aug. 14, 2026

Growth of $10,000

Wed 2020-12-02💬 to Fri 2026-08-14 Overall
Return 		Exponential
Trendline
KMLM × 		+10.24%
+1.73%/yr 		−2.46%/yr
R2=0.190
KFA Mount Lucas Index Strategy ETF Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2020-12-02💬 to Fri 2026-08-14 Start
Value 		End
Value
KMLM × 		$10,000.00
2020-12-02 		$11,024.27
2026-08-14

This Year’s Performance

through 2026-08-14

  YTD YoY
KMLM × 		+8.84% +11.53%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
KMLM × 		−25.92%
on 2026-08-14
from 2022-10-14 peak 		−36.33%
on 2025-06-20
from 2022-10-14 peak

Rolling Returns

Period ending Fri 2026-08-14 1 yr 2 yr 3 yr 5 yr 10 yr
KMLM × 		+11.53% −0.62%
−0.31%/yr 		−8.69%
−2.99%/yr 		+0.79%
+0.16%/yr 		—

Annual Returns

Year KMLM
2026 (YTD) +8.84%
2025 −5.51%
2024 −4.45%
2023 −8.72%
2022 +16.70%
2021 +0.00%
2020 +5.31%