October 2026 brought a mixed scoreboard, with Commodities, U.S. Real Estate, Bonds, and Cash posting gains while equities and several other categories declined.
Managed Futures fell -1.24% for the month, ending its run of positive months. The decline trimmed its year-to-date return to +14.14%, keeping it in second place on the board.
Commodities continued to lead, adding +4.08% in October and extending their year-to-date return to +60.55%, holding the top spot by a wide margin.
U.S. Real Estate posted the largest monthly gain among the categories, rising +4.86% after September’s decline. That move lifted its year-to-date return to +7.76%. Bonds also turned higher with a +2.37% gain for the month, though they remained in negative territory for the year at -0.43%.
Equities declined for a second straight month. World Stocks fell -2.92% and U.S. Stocks slipped -0.91% in October. Those moves brought World Stocks to +10.59% year-to-date and U.S. Stocks to +11.69%.
Hedge Funds declined -1.55% in October, bringing their year-to-date figure to +5.88%, while Cash held steady with a +0.34% gain for a +3.22% return on the year.
As October comes to a close, Commodities remain firmly in front, Managed Futures holds second place despite its monthly decline, and Bonds remain the lone asset class in negative territory for the year.

Past performance is not indicative of future results.

Past performance is not indicative of future results.
Sources: Managed Futures = SocGen CTA Index,
Cash = US T-Bill 13 week coupon equivalent annual rate/12, with YTD the sum of each month’s value,
Bonds = Vanguard Total Bond Market ETF (NYSEARCA:BND),
Hedge Funds = IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)
Commodities = iShares S&P GSCI Commodity-Indexed Trust ETF (NYSEARCA:GSG);
Real Estate = iShares U.S. Real Estate ETF (NYSEARCA:IYR);
World Stocks = iShares MSCI ACWI ex-U.S. ETF (NASDAQ:ACWX);
US Stocks = SPDR S&P 500 ETF (NYSEARCA:SPY)
All ETF performance data from Y Charts



