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 +11.84% over the past year and +7.92% YTD, with dividends reinvested. Since Dec. 2, 2020, KMLM is up +9.31% in real purchasing-power return, or +1.51%/yr, and is currently −26.55% below its real total-return high on Oct. 14, 2022.

Data ending Wed Nov. 4, 2026

Growth of $10,000

Wed 2020-12-02💬 to Wed 2026-11-04 Overall
Return 		Exponential
Trendline
KMLM × 		+9.31%
+1.51%/yr 		−2.12%/yr
R2=0.158
KFA Mount Lucas Index Strategy ETF Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2020-12-02💬 to Wed 2026-11-04 Start
Value 		End
Value
KMLM × 		$10,000.00
2020-12-02 		$10,930.80
2026-11-04

This Year’s Performance

through 2026-11-04

  YTD YoY
KMLM × 		+7.92% +11.84%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
KMLM × 		−26.55%
on 2026-11-04
from 2022-10-14 peak 		−36.33%
on 2025-06-20
from 2022-10-14 peak

Rolling Returns

Period ending Wed 2026-11-04 1 yr 2 yr 3 yr 5 yr 10 yr
KMLM × 		+11.84% +3.23%
+1.60%/yr 		−9.60%
−3.31%/yr 		−1.14%
−0.23%/yr 		—

Annual Returns

Year KMLM
2026 (YTD) +7.92%
2025 −5.51%
2024 −4.45%
2023 −8.72%
2022 +16.70%
2021 +0.00%
2020 +5.31%