TCI Fund

The chart shows the growth of an initial investment of $10,000 in TCI Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

Based on dividend-adjusted daily data since Jun 19, 2023, TCI Fund's average daily return is +0.08%, while the average monthly return is +1.66%. At this rate, an investment would double in approximately 3.5 years.

Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +12.9%, while the worst month was Mar 2026 at -9.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, TCI Fund closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +4.0%, while the worst single day was Apr 4, 2025 at -6.2%.

TCI Fund has an annualized alpha of 7.19%, beta of 0.68, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since June 19, 2023.

• This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (92.23%) than losses (77.17%) - typical of diversified or defensive assets.
• This portfolio generated an annualized alpha of 7.19% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.68 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

TCI Fund has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

TCI Fund ranks 13 for risk / return — in the bottom 13% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below presents risk-adjusted performance metrics for TCI Fund and compares them with S&P 500 Index.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

TCI Fund Sharpe ratios as of Jun 7, 2026 (values are recalculated daily):

• 1-Year: 0.96
• All Time: 1.55

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of TCI Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

TCI Fund provided a 1.33% dividend yield over the last twelve months.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the TCI Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the TCI Fund was 12.93%, occurring on Apr 7, 2025. Recovery took 18 trading sessions.

The current TCI Fund drawdown is 1.55%.

The chart below shows the rolling one-month volatility.