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 +13.53% over the past year and +11.74% YTD, with dividends reinvested. Since Dec. 2, 2020, KMLM is up +13.18% in real purchasing-power return, or +2.17%/yr, and is currently −23.95% below its real total-return high on Oct. 14, 2022.

Data ending Fri Sep. 4, 2026

Growth of $10,000

Wed 2020-12-02💬 to Fri 2026-09-04 Overall
Return 		Exponential
Trendline
KMLM × 		+13.18%
+2.17%/yr 		−2.39%/yr
R2=0.186
KFA Mount Lucas Index Strategy ETF Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2020-12-02💬 to Fri 2026-09-04 Start
Value 		End
Value
KMLM × 		$10,000.00
2020-12-02 		$11,317.52
2026-09-04

This Year’s Performance

through 2026-09-04

  YTD YoY
KMLM × 		+11.74% +13.53%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
KMLM × 		−23.95%
on 2026-09-04
from 2022-10-14 peak 		−36.33%
on 2025-06-20
from 2022-10-14 peak

Rolling Returns

Period ending Fri 2026-09-04 1 yr 2 yr 3 yr 5 yr 10 yr
KMLM × 		+13.53% +1.13%
+0.56%/yr 		−7.38%
−2.52%/yr 		+5.79%
+1.13%/yr 		—

Annual Returns

Year KMLM
2026 (YTD) +11.74%
2025 −5.51%
2024 −4.45%
2023 −8.72%
2022 +16.70%
2021 +0.00%
2020 +5.31%