- ISIN
- US66538F3635
- CUSIP
- 66538F363
- Issuer
- Innealta Capital
- Inception Date
- Dec 31, 2018
- Category
- Small Cap Value Equities
- Min. Investment
- $20,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
AXVIX Performance Chart
Acclivity Small Cap Value Fund (AXVIX) is up 13.5% since the beginning of the year. AXVIX is currently trading at $21 per share. Investors who bought $1,000 worth of AXVIX shares 5 years ago would now be looking at an investment worth $1,515.
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Returns By Period
Acclivity Small Cap Value Fund (AXVIX) has returned 13.50% so far this year and 29.98% over the past 12 months.
Acclivity Small Cap Value Fund
- 1D
- 0.96%
- 1M
- 1.44%
- YTD
- 13.50%
- 6M
- 13.32%
- 1Y
- 29.98%
- 3Y*
- 15.76%
- 5Y*
- 8.66%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
AXVIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 8, 2019, AXVIX's average daily return is +0.06%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +18.5%, while the worst month was Mar 2020 at -28.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AXVIX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.27% | 2.81% | -2.73% | 7.31% | -0.62% | 1.10% | 13.50% | ||||||
| 2025 | 2.98% | -5.74% | -5.92% | -5.94% | 5.18% | 4.62% | 0.52% | 8.62% | 0.00% | -2.52% | 3.77% | 0.71% | 5.14% |
| 2024 | -3.11% | 1.88% | 4.95% | -6.42% | 4.54% | -2.91% | 10.15% | -2.92% | -0.15% | -1.79% | 10.41% | -7.23% | 5.67% |
| 2023 | 9.77% | -1.19% | -6.96% | -2.52% | -1.59% | 10.36% | 7.07% | -3.02% | -4.28% | -5.27% | 8.67% | 12.18% | 22.62% |
| 2022 | -2.92% | 1.29% | 0.55% | -5.19% | 3.37% | -10.04% | 10.06% | -2.67% | -10.10% | 14.57% | 5.21% | -5.53% | -4.41% |
| 2021 | 5.08% | 10.60% | 7.36% | 2.39% | 4.86% | -2.05% | -2.15% | 2.58% | -1.65% | 3.36% | -2.05% | 5.69% | 38.61% |
Benchmark Metrics
Acclivity Small Cap Value Fund has an annualized alpha of -2.06%, beta of 1.08, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since January 09, 2019.
- This fund participated in 114.90% of S&P 500 Index downside but only 104.20% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.06% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.08 and R2 of 0.63, 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
- -2.06%
- Beta
- 1.08
- R²
- 0.63
- Upside Capture
- 104.20%
- Downside Capture
- 114.90%
Expense Ratio
AXVIX has a high expense ratio of 3.64%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AXVIX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Acclivity Small Cap Value Fund (AXVIX) and compare them to S&P 500 Index.
| AXVIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.69 | +1.05 |
| Martin ratioReturn relative to average drawdown | 10.97 | 12.34 | -1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Acclivity Small Cap Value Fund provided a 3.79% dividend yield over the last twelve months, with an annual payout of $0.80 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.80 | $1.32 | $0.19 | $0.68 | $0.41 | $0.25 | $0.08 |
Dividend yield | 3.79% | 4.30% | 7.18% | 1.00% | 4.41% | 2.43% | 2.02% | 0.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Acclivity Small Cap Value 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 | $0.00 | $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 | $0.80 | $0.80 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $1.32 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
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 Acclivity Small Cap Value 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 Acclivity Small Cap Value Fund was 48.08%, occurring on Mar 18, 2020. Recovery took 174 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -48.08%Mar 2020 | 1y 26d | 8mo 10d | 1y 9moFeb 2019 - Nov 2020 |
2025 selloff2025 | -30.24%Apr 2025 | 4mo | 10mo 2d | 1y 1moDec 2024 - Feb 2026 |
Bear market2022 | -18.62%Sep 2022 | 8mo 15d | 3mo 28d | 1y 8dJan 2022 - Jan 2023 |
2023 correction2023 | -17.14%May 2023 | 3mo | 2mo 23d | 5mo 23dFeb 2023 - Jul 2023 |
2023 correction2023 | -13.26%Oct 2023 | 2mo 27d | 1mo 17d | 4mo 14dAug 2023 - Dec 2023 |
Drawdown Indicators
| AXVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.08% | -56.78% | +8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -9.10% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -18.90% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -30.24% | -25.43% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -10.72% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.97% | +0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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