https://acr-invest.com/commentary/seeing-through-the-ai-haze/
2Q 2026 Commentary
EQR (Equity Quality Return) Performance
EQR Performance by Decade¹
| Gross of Fees² | Net of 3% Fees³ | Net of 1% Fees | S&P 500* | |
|---|---|---|---|---|
| Since Inception: 2000(4/1) – 2026 (6/30) | 12.6% | 9.3% | 11.5% | 8.3% |
| First Decade: 2000 (4/1) – 2009 (12/31) | 12.0% | 8.7% | 10.9% | -1.2% |
| Second Decade: 2010 (1/1) – 2019 (12/31) | 11.1% | 7.8% | 10.0% | 13.6% |
| Third Decade: 2020 (1/1) – 2026 (6/30) | 16.1% | 12.7% | 14.9% | 15.6% |
EQR Annual Performance¹
| Gross of Fees² | Net of 3% Fees³ | Net of 1% Fees | S&P 500* | |
|---|---|---|---|---|
| 2000 (April 3) | 42.2% | 39.2% | 41.2% | -11.1% |
| 2001 | 25.8% | 22.1% | 24.6% | -11.9% |
| 2002 | -4.5% | -7.4% | -5.5% | -22.1% |
| 2003 | 18.6% | 15.1% | 17.4% | 28.7% |
| 2004 | 9.3% | 6.1% | 8.3% | 10.9% |
| 2005 | -0.2% | -3.1% | -1.2% | 4.9% |
| 2006 | 17.9% | 14.4% | 16.7% | 15.8% |
| 2007 | 4.3% | 1.2% | 3.3% | 5.5% |
| 2008 | -13.9% | -16.5% | -14.7% | -37.0% |
| 2009 | 29.1% | 25.3% | 27.8% | 26.5% |
| 2010 | 20.0% | 16.5% | 18.8% | 15.1% |
| 2011 | 5.1% | 2.0% | 4.0% | 2.1% |
| 2012 | 12.3% | 9.0% | 11.2% | 16.0% |
| 2013 | 25.0% | 21.4% | 23.8% | 32.4% |
| 2014 | 12.7% | 9.4% | 11.6% | 13.7% |
| 2015 | 0.9% | -2.1% | -0.1% | 1.4% |
| 2016 | 9.6% | 6.4% | 8.5% | 12.0% |
| 2017 | 16.6% | 13.2% | 15.5% | 21.8% |
| 2018 | -3.3% | -6.2% | -4.3% | -4.4% |
| 2019 | 15.1% | 11.7% | 13.9% | 31.5% |
| 2020 | 17.3% | 13.9% | 16.2% | 18.4% |
| 2021 | 26.3% | 22.7% | 25.1% | 28.7% |
| 2022 | -10.9% | -13.6% | -11.8% | -18.1% |
| 2023 | 24.0% | 20.4% | 22.8% | 26.3% |
| 2024 | 13.6% | 10.3% | 12.5% | 25.0% |
| 2025 | 30.5% | 26.7% | 29.3% | 17.9% |
| 2026 (6/30) | 8.6% | 7.0% | 8.1% | 10.2% |
| Since Inception | 12.6% | 9.3% | 11.4% | 7.8% |
EQR Trailing Period Returns¹
| Since Inception | 10-Year | 5-Year | 1-Year | |
|---|---|---|---|---|
| Gross of Fees² | 12.6% | 13.3% | 12.7% | 28.0% |
| Net of 3% Fees³ | 9.3% | 10.3% | 9.4% | 24.3% |
| Net of 1% Fee | 11.5% | 12.5% | 11.6% | 26.8% |
| S&P 500* | 8.3% | 15.5% | 13.4% | 22.3% |
Benchmark
As of June 30, 2026
Inception date: April 3, 2000
1Total return performance includes unrealized gains, realized gains, dividends, interest, and the reinvestment of all income.
2Pure gross returns are gross of all fees and do not reflect the deduction of transaction costs in wrap portfolios. Pure gross returns are supplemental information.
3Net returns are the EQR Total Accounts composite pure gross returns reduced by the highest wrap fee as required under GIPS; 3% is the highest tier fee under graduated fee schedules for smaller asset levels at some partner firms. Most ACR partners charge significantly less than 3%.
Download the EQR Total Accounts Composite performance disclosures and description.
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