- ISIN
- US1166501023
- CUSIP
- 116650102
- Issuer
- Bruce
- Inception Date
- Mar 20, 1968
- Category
- Diversified Portfolio
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
BRUFX Performance Chart
Bruce Fund (BRUFX) is up 16.0% since the beginning of the year. BRUFX is currently trading at $626 per share. Investors who bought $1,000 worth of BRUFX shares 5 years ago would now be looking at an investment worth $1,337.
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Compare this symbol against anything
Returns By Period
Bruce Fund (BRUFX) has returned 16.02% so far this year and 29.17% over the past 12 months. Over the last ten years, BRUFX has returned 7.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Bruce Fund
- 1D
- -0.39%
- 1M
- 0.09%
- 6M
- 11.25%
- YTD
- 16.02%
- 1Y
- 29.17%
- 3Y*
- 12.15%
- 5Y*
- 5.98%
- 10Y*
- 7.56%
- ALL TIME*
- 9.51%
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%
BRUFX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1984, BRUFX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Feb 1986 with a return of +14.7%, while the worst month was Aug 1985 at -38.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BRUFX closed higher 54% of trading days. The best single day was Feb 26, 1986 with a return of +10.7%, while the worst single day was Aug 12, 1985 at -41.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.29% | 6.37% | -2.99% | 1.77% | 1.16% | 4.00% | 0.71% | 16.02% | |||||
| 2025 | 1.34% | 2.89% | -0.87% | -0.80% | -0.14% | 1.22% | -0.42% | 4.91% | 2.85% | -0.06% | 4.21% | -0.95% | 14.89% |
| 2024 | -0.28% | 1.03% | 3.21% | -3.15% | 1.45% | -1.60% | 4.44% | 3.13% | 1.06% | -1.95% | 1.05% | -3.66% | 4.45% |
| 2023 | 0.81% | -2.88% | 0.01% | 0.53% | -3.58% | 1.76% | 1.44% | -3.15% | -2.70% | -1.61% | 3.76% | 5.32% | -0.74% |
| 2022 | -4.29% | -1.98% | 3.96% | -6.09% | -0.13% | -2.83% | 0.58% | -1.35% | -4.18% | 3.90% | 5.04% | -1.11% | -8.80% |
| 2021 | 1.84% | 1.89% | 2.73% | 2.80% | 0.22% | -0.23% | 0.99% | 2.98% | -4.58% | 3.95% | -1.58% | 5.50% | 17.35% |
Benchmark Metrics
Bruce Fund has an annualized alpha of 6.73%, beta of 0.34, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since December 31, 1984.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (64.78%) than losses (57.25%) - typical of diversified or defensive assets.
- Beta of 0.34 may look defensive, but with R2 of 0.19 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 0.19 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
- 6.73%
- Beta
- 0.34
- R²
- 0.19
- Upside Capture
- 64.78%
- Downside Capture
- 57.25%
Expense Ratio
BRUFX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BRUFX ranks 94 for risk / return — above 94% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Bruce Fund (BRUFX) 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.
| BRUFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.25 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 2.00 | +1.77 |
| Martin ratioReturn relative to average drawdown | 17.01 | 8.49 | +8.52 |
Dividends
Dividend History
Bruce Fund provided a 5.48% dividend yield over the last twelve months, with an annual payout of $34.27 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $34.27 | $34.27 | $25.04 | $32.45 | $71.74 | $61.97 | $36.41 | $12.02 | $12.27 | $21.60 | $30.41 | $22.97 |
Dividend yield | 5.48% | 6.35% | 5.01% | 6.46% | 13.31% | 9.25% | 5.83% | 2.03% | 2.49% | 4.11% | 6.26% | 4.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Bruce 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 | $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 | $34.27 | $34.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $25.04 | $25.04 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $32.45 | $32.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $71.74 | $71.74 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $61.97 | $61.97 |
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 Bruce 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 Bruce Fund was 44.50%, occurring on Oct 7, 1985. Recovery took 352 trading sessions.
The current Bruce Fund drawdown is 1.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.50%Oct 1985 | 2mo 21d | 1y 4mo | 1y 7moJul 1985 - Feb 1987 | — |
-42.20%Mar 2009 | 1y 8mo | 1y 7mo | 3y 2moJul 2007 - Oct 2010 | Financial crisis2007–2009 |
-38.90%Dec 1987 | 9mo 13d | 5y 6mo | 6y 3moMar 1987 - Jul 1993 | Black Monday1987 |
-26.97%Jan 2000 | 1y 6mo | 11mo 8d | 2y 5moJun 1998 - Dec 2000 | — |
-25.44%Mar 2020 | 1mo 3d | 7mo 17d | 8mo 20dFeb 2020 - Nov 2020 | COVID crash2020 |
Drawdown Indicators
| BRUFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.50% | -56.78% | +12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | -9.10% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -9.66% | -18.90% | +9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -25.43% | +7.52% |
Max Drawdown (10Y)Largest decline over 10 years | -25.44% | -33.92% | +8.48% |
Current DrawdownCurrent decline from peak | -1.71% | -1.58% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -10.70% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.14% | -0.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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