- ISIN
- US05465G1013
- CUSIP
- 05465G101
- Issuer
- Axonic
- Inception Date
- Dec 29, 2019
- Category
- Multisector Bonds
- Min. Investment
- $25,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AXSIX Performance Chart
Axonic Strategic Income Fund (AXSIX) is up 1.7% since the beginning of the year. AXSIX is currently trading at $9 per share. Investors who bought $1,000 worth of AXSIX shares 5 years ago would now be looking at an investment worth $1,199.
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Returns By Period
Axonic Strategic Income Fund (AXSIX) has returned 1.72% so far this year and 5.42% over the past 12 months.
Axonic Strategic Income Fund
- 1D
- -0.22%
- 1M
- 0.53%
- YTD
- 1.72%
- 6M
- 1.72%
- 1Y
- 5.42%
- 3Y*
- 7.21%
- 5Y*
- 3.70%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
AXSIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2020, AXSIX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 74% of months were positive and 26% were negative. The best month was Jun 2020 with a return of +2.6%, while the worst month was Mar 2020 at -9.1%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 6 months.
On a daily basis, AXSIX closed higher 26% of trading days. The best single day was Mar 26, 2020 with a return of +3.2%, while the worst single day was Mar 18, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.01% | 0.80% | -0.60% | 0.42% | 0.30% | -0.22% | 1.72% | ||||||
| 2025 | 0.55% | 1.06% | 0.33% | 0.54% | 0.33% | 0.99% | -0.33% | 1.01% | 0.55% | 0.43% | 1.04% | 0.03% | 6.71% |
| 2024 | 1.00% | 0.75% | 0.45% | 0.31% | 1.12% | 0.95% | 1.12% | 1.00% | 0.76% | -0.22% | 0.76% | 0.01% | 8.30% |
| 2023 | 1.57% | 0.79% | -0.39% | 0.23% | 0.38% | 0.61% | 0.74% | 0.74% | 0.00% | -0.34% | 1.33% | 1.66% | 7.54% |
| 2022 | -0.05% | -0.40% | -1.21% | -0.29% | -0.81% | -1.40% | 0.00% | 0.21% | -1.64% | -0.80% | -0.27% | -0.35% | -6.81% |
| 2021 | 1.87% | 0.62% | 0.04% | 0.58% | 0.77% | 0.47% | 0.57% | 0.33% | 0.21% | 0.00% | 0.11% | 0.20% | 5.91% |
Benchmark Metrics
Axonic Strategic Income Fund has an annualized alpha of 2.95%, beta of 0.04, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.33%) than losses (7.00%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.04 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 0.04 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
- 2.95%
- Beta
- 0.04
- R²
- 0.04
- Upside Capture
- 11.33%
- Downside Capture
- 7.00%
Expense Ratio
AXSIX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AXSIX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) 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.
| AXSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.32 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 2.46 | +2.11 |
| Martin ratioReturn relative to average drawdown | 16.65 | 10.92 | +5.73 |
Dividends
Dividend History
Axonic Strategic Income Fund provided a 6.22% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.57 | $0.58 | $0.55 | $0.34 | $0.65 | $0.20 |
Dividend yield | 6.22% | 6.39% | 6.52% | 6.24% | 3.89% | 6.70% | 2.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Axonic Strategic 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 | $0.08 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.22 | ||||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.08 | $0.05 | $0.57 |
| 2024 | $0.05 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.58 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.00 | $0.04 | $0.04 | $0.05 | $0.05 | $0.00 | $0.00 | $0.05 | $0.21 | $0.55 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.06 | $0.34 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.28 | $0.65 |
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 Axonic Strategic 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 Axonic Strategic Income Fund was 12.55%, occurring on Mar 24, 2020. Recovery took 213 trading sessions.
The current Axonic Strategic Income Fund drawdown is 0.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -12.55%Mar 2020 | 29d | 10mo 9d | 11mo 8dFeb 2020 - Jan 2021 |
Bear market2022 | -6.87%Nov 2022 | 10mo 29d | 1y 1mo | 1y 11moJan 2022 - Dec 2023 |
2026 pullback2026 | -1.22%Mar 2026 | 25d | 2mo 3d | 2mo 28dMar 2026 - May 2026 |
2024 pullback2024 | -0.88%Oct 2024 | 26d | 1mo 2d | 1mo 28dOct 2024 - Nov 2024 |
2025 selloff2025 | -0.78%Apr 2025 | 4d | 19d | 23dApr 2025 - Apr 2025 |
Drawdown Indicators
| AXSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -56.78% | +44.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -9.10% | +7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -1.22% | -18.90% | +17.68% |
Max Drawdown (5Y)Largest decline over 5 years | -6.87% | -25.43% | +18.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.34% | -3.21% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -10.71% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.04% | -1.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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