Changing Parameters Fund (CPMPX)

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Changing Parameters Fund (CPMPX) is up 1.0% since the beginning of the year. CPMPX is currently trading at $11 per share. Investors who bought $1,000 worth of CPMPX shares 5 years ago would now be looking at an investment worth $1,125.

Changing Parameters Fund (CPMPX) has returned 0.95% so far this year and 5.31% over the past 12 months. Over the last ten years, CPMPX has returned 4.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 2010, CPMPX'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, 66% of months were positive and 34% were negative. The best month was Mar 2016 with a return of +4.1%, while the worst month was Dec 2024 at -7.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 8 months.

On a daily basis, CPMPX closed higher 35% of trading days. The best single day was Jun 8, 2020 with a return of +1.1%, while the worst single day was Dec 30, 2024 at -7.1%.

Changing Parameters Fund has an annualized alpha of 2.74%, beta of 0.06, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since January 04, 2010.

• This fund participated in 19.12% of S&P 500 Index downside but only 18.64% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.06 may look defensive, but with R2 of 0.09 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 0.09 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.

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

CPMPX ranks 85 for risk / return — in the top 85% 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.

Changing Parameters Fund provided a 3.79% dividend yield over the last twelve months, with an annual payout of $0.40 per share.

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.

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.

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 1.00%.

The chart below shows the rolling one-month volatility.