- ISIN
- US02110B8019
- Issuer
- ALPS
- Inception Date
- Oct 23, 2014
- Category
- Global Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
AVPEX Performance Chart
ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) is down 6.5% since the beginning of the year. AVPEX is currently trading at $12 per share. Investors who bought $1,000 worth of AVPEX shares 5 years ago would now be looking at an investment worth $1,080.
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Returns By Period
ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) has returned -6.46% so far this year and -7.13% over the past 12 months. Over the last ten years, AVPEX has returned 8.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
ALPS/Red Rocks Global Opportunity Portfolio
- 1D
- 1.49%
- 1M
- 3.02%
- 6M
- -5.24%
- YTD
- -6.46%
- 1Y
- -7.13%
- 3Y*
- 7.54%
- 5Y*
- 1.55%
- 10Y*
- 8.65%
- ALL TIME*
- 7.84%
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%
AVPEX Monthly Returns History
Based on dividend-adjusted daily data since Oct 27, 2014, AVPEX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +13.9%, while the worst month was Mar 2020 at -24.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AVPEX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -14.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.29% | -9.00% | -6.03% | 7.18% | 2.32% | -3.32% | 4.51% | -6.46% | |||||
| 2025 | 5.57% | -3.21% | -5.75% | 1.56% | 2.31% | 3.16% | 0.44% | 0.87% | -1.87% | -3.52% | -0.46% | 2.93% | 1.46% |
| 2024 | 0.90% | 3.17% | 2.28% | -2.00% | 5.02% | -1.27% | 6.06% | 0.50% | 2.13% | -2.23% | 7.11% | -4.28% | 18.06% |
| 2023 | 8.97% | -2.13% | -2.27% | 2.63% | 0.20% | 4.23% | 3.87% | -1.27% | -1.29% | -4.85% | 11.96% | 6.92% | 28.80% |
| 2022 | -7.13% | -4.08% | 0.06% | -10.57% | -0.14% | -11.34% | 10.34% | -6.72% | -11.87% | 7.45% | 8.86% | -5.13% | -28.96% |
| 2021 | -2.46% | 3.71% | 2.16% | 6.87% | 1.11% | 1.34% | 4.04% | 2.20% | -4.25% | 6.99% | -3.38% | 4.12% | 24.03% |
Benchmark Metrics
ALPS/Red Rocks Global Opportunity Portfolio has an annualized alpha of -1.74%, beta of 0.85, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since October 27, 2014.
- This fund participated in 108.36% of S&P 500 Index downside but only 90.18% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.85 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.74%
- Beta
- 0.85
- R²
- 0.68
- Upside Capture
- 90.18%
- Downside Capture
- 108.36%
Expense Ratio
AVPEX has a high expense ratio of 1.45%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AVPEX ranks 1 for risk / return — above 1% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) 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.
| AVPEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.25 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.00 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.89 | 8.49 | -9.38 |
Dividends
Dividend History
ALPS/Red Rocks Global Opportunity Portfolio provided a 9.09% dividend yield over the last twelve months, with an annual payout of $1.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.05 | $1.05 | $1.17 | $0.00 | $2.94 | $0.74 | $1.98 | $0.46 | $0.75 | $0.32 | $0.08 | $0.01 |
Dividend yield | 9.09% | 8.50% | 8.83% | 0.00% | 31.03% | 4.24% | 13.52% | 3.02% | 6.79% | 2.33% | 0.75% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/Red Rocks Global Opportunity Portfolio. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.94 | $2.94 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.74 |
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 ALPS/Red Rocks Global Opportunity Portfolio. 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 ALPS/Red Rocks Global Opportunity Portfolio was 46.42%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current ALPS/Red Rocks Global Opportunity Portfolio drawdown is 11.12%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-46.42%Mar 2020 | 1mo 4d | 8mo 16d | 9mo 20dFeb 2020 - Dec 2020 | COVID crash2020 |
-37.50%Oct 2022 | 11mo 6d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-22.41%Mar 2026 | 8mo 2d | — | 1y 5dJul 2025 - now | — |
-21.73%Dec 2018 | 10mo 29d | 6mo 6d | 1y 5moJan 2018 - Jun 2019 | Rate-hike selloffLate 2018 |
-21.13%Feb 2016 | 8mo 25d | 11mo 18d | 1y 8moMay 2015 - Jan 2017 | — |
Drawdown Indicators
| AVPEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -56.78% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -21.97% | -9.10% | -12.87% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -18.90% | -3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | -25.43% | -12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -46.42% | -33.92% | -12.50% |
Current DrawdownCurrent decline from peak | -11.12% | -1.58% | -9.54% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -10.70% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 2.14% | +8.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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