- Issuer
- Cavanal Hill
- Inception Date
- Dec 27, 2020
- Category
- Options Trading
- Min. Investment
- $100
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
APLIX Performance Chart
Cavanal Hill Hedged Income Fund (APLIX) is up 5.6% since the beginning of the year. APLIX is currently trading at $14 per share. Investors who bought $1,000 worth of APLIX shares 5 years ago would now be looking at an investment worth $1,389.
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Returns By Period
Cavanal Hill Hedged Income Fund (APLIX) has returned 5.63% so far this year and 14.27% over the past 12 months.
Cavanal Hill Hedged Income Fund
- 1D
- 1.23%
- 1M
- 0.21%
- 6M
- 4.30%
- YTD
- 5.63%
- 1Y
- 14.27%
- 3Y*
- 11.11%
- 5Y*
- 6.79%
- 10Y*
- —
- ALL TIME*
- 7.65%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
APLIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 5, 2021, APLIX's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +7.4%, while the worst month was Sep 2022 at -5.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, APLIX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +6.9%, while the worst single day was Apr 3, 2025 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.28% | -0.82% | -4.06% | 7.42% | 2.54% | -1.56% | 1.08% | 5.63% | |||||
| 2025 | 2.53% | -0.85% | -4.42% | -0.72% | 5.63% | 4.56% | 2.55% | 3.05% | 2.29% | 1.90% | 1.20% | -1.60% | 16.87% |
| 2024 | -0.48% | 1.63% | 1.85% | -1.40% | 2.65% | 1.00% | 2.01% | 0.90% | 0.92% | -0.88% | 3.29% | -1.39% | 10.43% |
| 2023 | 0.98% | -2.05% | 1.52% | 1.09% | -3.71% | 3.84% | 2.84% | -1.33% | -1.99% | -0.79% | 2.50% | 2.34% | 5.04% |
| 2022 | 0.09% | -2.55% | 2.18% | -1.43% | 0.87% | -4.78% | 1.72% | -1.29% | -5.46% | 5.57% | 4.06% | -0.32% | -1.92% |
| 2021 | -0.80% | 0.20% | 4.88% | 1.83% | 1.51% | -0.35% | 1.03% | 0.19% | -4.07% | 2.52% | -2.93% | 3.40% | 7.28% |
Benchmark Metrics
Cavanal Hill Hedged Income Fund has an annualized alpha of 0.92%, beta of 0.50, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 05, 2021.
- This fund participated in 57.98% of S&P 500 Index downside but only 49.80% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.92%
- Beta
- 0.50
- R²
- 0.67
- Upside Capture
- 49.80%
- Downside Capture
- 57.98%
Expense Ratio
APLIX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APLIX ranks 35 for risk / return — above 35% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Cavanal Hill Hedged Income Fund (APLIX) 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.
| APLIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.00 | -0.45 |
| Martin ratioReturn relative to average drawdown | 6.14 | 8.49 | -2.35 |
Dividends
Dividend History
Cavanal Hill Hedged Income Fund provided a 0.40% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.06 | $0.05 | $0.10 | $0.22 | $0.21 | $0.16 |
Dividend yield | 0.40% | 0.40% | 0.84% | 2.06% | 2.09% | 1.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Cavanal Hill Hedged Income 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 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.03 | |||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.05 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.10 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.21 |
| 2021 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.16 |
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 Hedged Income 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 Hedged Income Fund was 14.52%, occurring on Apr 8, 2025. Recovery took 43 trading sessions.
The current Cavanal Hill Hedged Income Fund drawdown is 1.41%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.52%Apr 2025 | 2mo 14d | 2mo 3d | 4mo 17dJan 2025 - Jun 2025 | 2025 selloff2025 |
-11.83%Sep 2022 | 1y 1mo | 9mo 24d | 1y 11moAug 2021 - Jul 2023 | Bear market2022 |
-7.93%Mar 2026 | 1mo 18d | 18d | 2mo 6dFeb 2026 - Apr 2026 | — |
-4.83%Oct 2023 | 2mo 5d | 2mo 10d | 4mo 15dAug 2023 - Dec 2023 | — |
-4.28%Aug 2024 | 18d | 18d | 1mo 6dJul 2024 - Aug 2024 | — |
Drawdown Indicators
| APLIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.52% | -56.78% | +42.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -9.10% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -18.90% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.52% | -25.43% | +10.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.58% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -10.70% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.14% | -0.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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