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 +17.21% over the past year and +15.57% YTD, with dividends reinvested. Since Dec. 2, 2020, KMLM is up +17.06% in real purchasing-power return, or +2.75%/yr, and is currently −21.35% below its real total-return high on Oct. 14, 2022.

Data ending Thu Sep. 24, 2026

Growth of $10,000

Wed 2020-12-02💬 to Thu 2026-09-24 Overall
Return 		Exponential
Trendline
KMLM × 		+17.06%
+2.75%/yr 		−2.30%/yr
R2=0.176
KFA Mount Lucas Index Strategy ETF Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2020-12-02💬 to Thu 2026-09-24 Start
Value 		End
Value
KMLM × 		$10,000.00
2020-12-02 		$11,705.82
2026-09-24

This Year’s Performance

through 2026-09-24

  YTD YoY
KMLM × 		+15.57% +17.21%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
KMLM × 		−21.35%
on 2026-09-24
from 2022-10-14 peak 		−36.33%
on 2025-06-20
from 2022-10-14 peak

Rolling Returns

Period ending Thu 2026-09-24 1 yr 2 yr 3 yr 5 yr 10 yr
KMLM × 		+17.21% +5.53%
+2.73%/yr 		−6.62%
−2.26%/yr 		+9.00%
+1.74%/yr 		—

Annual Returns

Year KMLM
2026 (YTD) +15.57%
2025 −5.51%
2024 −4.45%
2023 −8.72%
2022 +16.70%
2021 +0.00%
2020 +5.31%