- ISIN
- US14956P1580
- Issuer
- Cavanal Hill funds
- Inception Date
- Dec 25, 2017
- Category
- Multisector Bonds
- Min. Investment
- $100
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
APENX Performance Chart
Cavanal Hill Strategic Enhanced Yield Fund (APENX) is up 0.6% since the beginning of the year. APENX is currently trading at $9 per share. Investors who bought $1,000 worth of APENX shares 5 years ago would now be looking at an investment worth $1,033.
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Returns By Period
Cavanal Hill Strategic Enhanced Yield Fund (APENX) has returned 0.61% so far this year and 5.55% over the past 12 months.
Cavanal Hill Strategic Enhanced Yield Fund
- 1D
- 0.00%
- 1M
- 1.07%
- YTD
- 0.61%
- 6M
- 1.15%
- 1Y
- 5.55%
- 3Y*
- 5.03%
- 5Y*
- 0.66%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
APENX Monthly Returns History
Based on dividend-adjusted daily data since Dec 26, 2017, APENX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Apr 2022 at -3.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, APENX closed higher 43% of trading days. The best single day was Nov 10, 2022 with a return of +1.3%, while the worst single day was Jun 13, 2022 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | 1.52% | -1.55% | 0.33% | 0.28% | -0.11% | 0.61% | ||||||
| 2025 | 0.59% | 2.17% | -0.08% | 0.13% | -0.44% | 1.61% | 0.01% | 1.38% | 1.11% | 0.66% | 0.64% | -0.13% | 7.88% |
| 2024 | 0.07% | -0.85% | 1.36% | -1.67% | 1.34% | 1.07% | 1.99% | 1.84% | 1.04% | -2.29% | 1.02% | -1.57% | 3.28% |
| 2023 | 2.75% | -2.60% | 2.31% | 0.00% | -0.68% | -0.23% | -0.07% | -0.63% | -1.92% | -1.67% | 4.19% | 3.58% | 4.87% |
| 2022 | -1.94% | -1.46% | -1.49% | -3.14% | -0.38% | -1.85% | 1.61% | -1.39% | -2.63% | -1.02% | -0.26% | 0.34% | -12.87% |
| 2021 | -0.54% | -0.92% | -0.93% | 0.45% | 0.56% | 0.75% | 0.66% | 0.27% | -0.39% | -0.10% | 0.28% | -0.08% | -0.01% |
Benchmark Metrics
Cavanal Hill Strategic Enhanced Yield Fund has an annualized alpha of 2.21%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 26, 2017.
- This fund participated in 12.02% of S&P 500 Index downside but only 10.26% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.21%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 10.26%
- Downside Capture
- 12.02%
Expense Ratio
APENX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APENX ranks 33 for risk / return — below 33% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Cavanal Hill Strategic Enhanced Yield Fund (APENX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APENX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 6.45 | 12.44 | -5.99 |
Dividends
Dividend History
Cavanal Hill Strategic Enhanced Yield Fund provided a 3.94% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.39 | $0.32 | $0.33 | $0.21 | $0.34 | $0.42 | $0.20 |
Dividend yield | 3.94% | 4.03% | 4.51% | 3.66% | 3.72% | 2.00% | 3.20% | 4.02% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Cavanal Hill Strategic Enhanced Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.14 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.00 | $0.04 | $0.04 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Cavanal Hill Strategic Enhanced Yield 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 Cavanal Hill Strategic Enhanced Yield Fund was 16.63%, occurring on Oct 19, 2023. Recovery took 495 trading sessions.
The current Cavanal Hill Strategic Enhanced Yield Fund drawdown is 1.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -16.63%Oct 2023 | 3y 2mo | 1y 11mo | 5y 2moAug 2020 - Oct 2025 |
COVID crash2020 | -4.14%Mar 2020 | 9d | 3mo 22d | 4mo 1dMar 2020 - Jul 2020 |
2026 pullback2026 | -2.65%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2019 pullback2019 | -2.15%Sep 2019 | 8d | 4mo 16d | 4mo 24dSep 2019 - Jan 2020 |
2018 pullback2018 | -1.40%Feb 2018 | 1mo 20d | 21d | 2mo 11dJan 2018 - Mar 2018 |
Drawdown Indicators
| APENX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -56.78% | +40.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -9.10% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -18.90% | +13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -25.43% | +9.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.05% | -1.80% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -10.71% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.03% | -1.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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