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Changing Parameters Fund (CPMPX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS66537T8514
IssuerChanging Parameters
Inception DateOct 2, 2006
CategoryHigh Yield Bonds
Min. Investment$2,500
Asset ClassBond

Expense Ratio

CPMPX has a high expense ratio of 2.90%, indicating higher-than-average management fees.


Expense ratio chart for CPMPX: current value at 2.90% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.90%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Changing Parameters Fund

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Changing Parameters Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


100.00%150.00%200.00%250.00%300.00%2024FebruaryMarchAprilMayJune
85.28%
302.14%
CPMPX (Changing Parameters Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Changing Parameters Fund had a return of 1.13% year-to-date (YTD) and 7.36% in the last 12 months. Over the past 10 years, Changing Parameters Fund had an annualized return of 4.14%, while the S&P 500 had an annualized return of 10.77%, indicating that Changing Parameters Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date1.13%13.87%
1 month0.37%2.54%
6 months2.09%15.10%
1 year7.36%23.18%
5 years (annualized)5.71%13.48%
10 years (annualized)4.14%10.77%

Monthly Returns

The table below presents the monthly returns of CPMPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.00%0.47%1.03%-1.29%0.09%1.13%
20232.72%-1.14%0.00%0.19%-0.57%0.96%1.05%-0.09%-0.38%0.28%1.70%3.20%8.12%
2022-0.09%-0.46%0.00%-0.37%0.00%-1.59%1.23%-0.56%0.00%0.09%1.51%0.06%-0.22%
20211.01%0.37%-0.09%0.82%0.63%1.08%0.35%0.44%-0.00%-0.00%-0.70%-0.10%3.86%
20200.49%-1.07%-0.69%0.59%2.85%1.91%2.63%1.37%-0.36%-0.27%2.99%2.34%13.43%
20190.91%1.31%0.60%1.08%-0.59%1.28%0.39%0.10%-0.00%-0.10%0.19%1.47%6.82%
20180.10%-0.89%-0.00%-0.40%-0.10%0.10%0.70%-0.10%0.30%-0.89%-0.10%0.09%-1.19%
20171.20%1.79%-0.68%0.39%0.78%0.00%0.58%0.29%0.29%0.38%-0.29%0.45%5.29%
20160.00%0.22%4.07%2.78%-0.70%0.51%0.80%1.19%0.39%0.10%-0.88%0.64%9.39%
20150.21%1.04%-0.62%0.62%-0.31%-0.72%-0.10%-0.10%-0.21%0.10%-1.35%-0.31%-1.76%
20140.41%1.54%0.20%0.61%1.21%0.59%-0.49%0.00%-1.29%0.30%-0.30%-0.85%1.91%
20130.72%0.21%0.41%1.43%-0.30%-0.50%-0.20%-0.30%-0.10%1.43%-0.30%0.46%2.96%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of CPMPX is 62, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of CPMPX is 6262
CPMPX (Changing Parameters Fund)
The Sharpe Ratio Rank of CPMPX is 4545Sharpe Ratio Rank
The Sortino Ratio Rank of CPMPX is 4646Sortino Ratio Rank
The Omega Ratio Rank of CPMPX is 9393Omega Ratio Rank
The Calmar Ratio Rank of CPMPX is 8383Calmar Ratio Rank
The Martin Ratio Rank of CPMPX is 4343Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Changing Parameters Fund (CPMPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


CPMPX
Sharpe ratio
The chart of Sharpe ratio for CPMPX, currently valued at 1.15, compared to the broader market-1.000.001.002.003.004.001.15
Sortino ratio
The chart of Sortino ratio for CPMPX, currently valued at 1.72, compared to the broader market0.005.0010.001.72
Omega ratio
The chart of Omega ratio for CPMPX, currently valued at 1.53, compared to the broader market1.002.003.004.001.53
Calmar ratio
The chart of Calmar ratio for CPMPX, currently valued at 1.59, compared to the broader market0.005.0010.0015.001.59
Martin ratio
The chart of Martin ratio for CPMPX, currently valued at 3.20, compared to the broader market0.0020.0040.0060.0080.003.20
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.14, compared to the broader market-1.000.001.002.003.004.002.14
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.04, compared to the broader market0.005.0010.003.04
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.38, compared to the broader market1.002.003.004.001.38
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.71, compared to the broader market0.005.0010.0015.001.71
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.02, compared to the broader market0.0020.0040.0060.0080.008.02

Sharpe Ratio

The current Changing Parameters Fund Sharpe ratio is 1.15. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Changing Parameters Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.002024FebruaryMarchAprilMayJune
1.15
2.14
CPMPX (Changing Parameters Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Changing Parameters Fund granted a 4.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.45 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.45$0.45$0.52$0.46$0.75$0.29$0.17$0.34$0.22$0.14$0.26$0.27

Dividend yield

4.21%4.26%5.03%4.24%6.94%2.85%1.71%3.32%2.25%1.51%2.65%2.74%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.45$0.45
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.52$0.52
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.46$0.46
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.75$0.75
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.29$0.29
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.17
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.34$0.34
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.22$0.22
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.14$0.14
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.26$0.26
2013$0.27$0.27

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%2024FebruaryMarchAprilMayJune
-2.62%
-0.04%
CPMPX (Changing Parameters Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Changing Parameters 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 Changing Parameters Fund was 8.87%, occurring on Jun 30, 2010. Recovery took 464 trading sessions.

The current Changing Parameters Fund drawdown is 2.62%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-8.87%Apr 26, 201047Jun 30, 2010464May 2, 2012511
-4.87%Dec 31, 2007280Feb 10, 2009166Oct 7, 2009446
-4.75%Oct 8, 200984Feb 8, 201052Apr 23, 2010136
-4.7%Dec 26, 20238Jan 5, 2024
-4.62%Jul 7, 2014408Feb 17, 201637Apr 11, 2016445

Volatility

Volatility Chart

The current Changing Parameters Fund volatility is 0.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%2024FebruaryMarchAprilMayJune
0.72%
2.26%
CPMPX (Changing Parameters Fund)
Benchmark (^GSPC)