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ISIN
US6122637647
CUSIP
612263764
Inception Date
Sep 17, 2013
Min. Investment
$50,000
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Mid-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

BIGTX Performance Chart

The Texas Fund (BIGTX) is up 22.1% since the beginning of the year. BIGTX is currently trading at $18 per share. Investors who bought $1,000 worth of BIGTX shares 5 years ago would now be looking at an investment worth $1,565.


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S&P 500 Index

Returns By Period

The Texas Fund (BIGTX) has returned 22.14% so far this year and 29.97% over the past 12 months. Over the last ten years, BIGTX has returned 10.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


The Texas Fund

1D
0.45%
1M
0.67%
YTD
22.14%
6M
20.05%
1Y
29.97%
3Y*
19.12%
5Y*
9.37%
10Y*
10.42%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BIGTX Monthly Returns History

Based on dividend-adjusted daily data since Jan 2, 2014, BIGTX's average daily return is +0.10%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.

Historically, 54% of months were positive and 46% were negative. The best month was Nov 2020 with a return of +16.7%, while the worst month was Mar 2020 at -19.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, BIGTX closed higher 51% of trading days. The best single day was Jan 29, 2025 with a return of +270.1%, while the worst single day was Jan 30, 2025 at -72.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20267.31%4.54%-2.53%7.31%5.54%-1.37%22.14%
20253.14%-5.19%-4.17%-1.28%4.12%4.86%2.45%3.62%3.12%0.30%-3.02%-1.47%5.98%
2024-1.57%4.94%5.55%-4.60%4.39%-1.45%5.88%-1.65%2.57%0.13%11.06%-8.93%15.76%
20236.02%-2.99%-4.06%-2.23%-2.78%7.29%7.28%-2.94%-3.03%-6.16%7.76%8.35%11.32%
2022-3.23%3.19%3.75%-5.10%3.14%-7.89%5.11%-4.19%-7.83%13.15%0.60%-5.68%-6.93%
20217.43%8.13%3.42%2.16%1.34%1.39%-5.00%-0.36%-1.01%6.07%-4.41%3.43%23.90%

Benchmark Metrics

The Texas Fund has an annualized alpha of 14.88%, beta of 0.79, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.

  • This fund participated in 103.24% of S&P 500 Index downside but only 81.28% of its upside - more exposed to losses than it benefited from rallies.
  • R2 of 0.03 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
14.88%
Beta
0.79
0.03
Upside Capture
81.28%
Downside Capture
103.24%

Expense Ratio

BIGTX has a high expense ratio of 1.67%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

BIGTX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


BIGTX Risk / Return Rank: 6262
Overall Rank
BIGTX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
BIGTX Sortino Ratio Rank: 5252
Sortino Ratio Rank
BIGTX Omega Ratio Rank: 4747
Omega Ratio Rank
BIGTX Calmar Ratio Rank: 8484
Calmar Ratio Rank
BIGTX Martin Ratio Rank: 7272
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for The Texas Fund (BIGTX) 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.


BIGTXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.03

Sortino ratioReturn per unit of downside risk

+0.02

Omega ratioGain probability vs. loss probability

1.35

1.37

-0.02

Calmar ratioReturn relative to maximum drawdown

3.68

2.78

+0.90

Martin ratioReturn relative to average drawdown

12.87

12.44

+0.43

Dividends

Dividend History

The Texas Fund provided a 6.04% dividend yield over the last twelve months, with an annual payout of $1.09 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%2.00%4.00%6.00%8.00%$0.00$0.20$0.40$0.60$0.80$1.0020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$1.09$1.09$0.53$0.34$0.38$0.72$0.01$0.01$0.21

Dividend yield

6.04%7.38%3.52%2.51%3.06%5.27%0.07%0.08%2.27%

Monthly Dividends

The table displays the monthly dividend distributions for The Texas Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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$1.09$1.09
2024$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.52$0.53
2023$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.33$0.34
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02$0.00$0.00$0.36$0.38
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.72$0.72

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 The Texas 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 The Texas Fund was 77.89%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current The Texas Fund drawdown is 66.05%.


Related event

Drawdown

Fall

Recovery

Underwater

2025 selloff2025
-77.89%Apr 2025
2mo 8d
1y 4moJan 2025 - now
COVID crash2020
-43.36%Mar 2020
1y 6mo9mo 23d
2y 4moAug 2018 - Jan 2021
2016 bear market2016
-31.90%Jan 2016
1y 6mo1y 11mo
3y 5moJul 2014 - Dec 2017
Bear market2022
-18.98%Sep 2022
6mo1y 4mo
1y 10moMar 2022 - Feb 2024
2021 correction2021
-13.33%Aug 2021
2mo 11d2mo 21d
5mo 2dJun 2021 - Nov 2021

Drawdown Indicators


BIGTXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-77.89%

-56.78%

-21.11%

Max Drawdown (1Y)

Largest decline over 1 year

-8.07%

-9.10%

+1.03%

Max Drawdown (3Y)

Largest decline over 3 years

-77.89%

-18.90%

-58.99%

Max Drawdown (5Y)

Largest decline over 5 years

-77.89%

-25.43%

-52.46%

Max Drawdown (10Y)

Largest decline over 10 years

-77.89%

-33.92%

-43.97%

Current Drawdown

Current decline from peak

-66.05%

-1.80%

-64.25%

Average Drawdown

Average peak-to-trough decline

-17.34%

-10.71%

-6.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

2.03%

+0.28%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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