- Issuer
- Cutler
- Inception Date
- Oct 27, 2020
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DIVHX Performance Chart
Cutler Equity Fund (DIVHX) is up 11.6% since the beginning of the year. DIVHX is currently trading at $32 per share. Investors who bought $1,000 worth of DIVHX shares 5 years ago would now be looking at an investment worth $1,576.
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Compare this symbol against anything
Returns By Period
Cutler Equity Fund (DIVHX) has returned 11.60% so far this year and 17.36% over the past 12 months.
Cutler Equity Fund
- 1D
- 0.38%
- 1M
- 0.51%
- 6M
- 5.12%
- YTD
- 11.60%
- 1Y
- 17.36%
- 3Y*
- 13.39%
- 5Y*
- 9.53%
- 10Y*
- —
- ALL TIME*
- 13.77%
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%
DIVHX Monthly Returns History
Based on dividend-adjusted daily data since Oct 28, 2020, DIVHX's average daily return is +0.06%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Oct 2022 with a return of +10.5%, while the worst month was Jun 2022 at -7.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DIVHX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +6.5%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.16% | 3.79% | -4.51% | 3.27% | -0.74% | 2.20% | 1.25% | 11.60% | |||||
| 2025 | 4.71% | 0.36% | -2.58% | -2.60% | 4.08% | 3.84% | 1.59% | 1.81% | 1.22% | -0.27% | 1.90% | -0.43% | 14.17% |
| 2024 | 0.73% | 2.81% | 4.94% | -3.99% | 2.06% | -0.65% | 3.19% | 3.32% | 3.22% | -2.24% | 5.74% | -6.53% | 12.48% |
| 2023 | 1.69% | -3.13% | 0.01% | 1.27% | -4.74% | 6.92% | 3.64% | -2.97% | -4.01% | -2.79% | 6.33% | 5.68% | 7.14% |
| 2022 | -1.65% | -2.50% | 4.49% | -5.80% | 1.43% | -7.70% | 5.46% | -2.44% | -7.07% | 10.50% | 6.77% | -3.14% | -3.45% |
| 2021 | -0.00% | 3.89% | 6.82% | 2.80% | 2.37% | -0.60% | 0.92% | 2.50% | -3.94% | 5.45% | -2.13% | 4.64% | 24.57% |
Benchmark Metrics
Cutler Equity Fund has an annualized alpha of 3.57%, beta of 0.69, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since October 28, 2020.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.92%) than losses (74.99%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.57% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.69 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.57%
- Beta
- 0.69
- R²
- 0.71
- Upside Capture
- 77.92%
- Downside Capture
- 74.99%
Expense Ratio
DIVHX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DIVHX ranks 61 for risk / return — above 61% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Cutler Equity Fund (DIVHX) 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.
| DIVHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.00 | +0.36 |
| Martin ratioReturn relative to average drawdown | 7.22 | 8.49 | -1.28 |
Dividends
Dividend History
Cutler Equity Fund provided a 5.03% dividend yield over the last twelve months, with an annual payout of $1.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.59 | $1.53 | $1.53 | $1.80 | $0.35 | $2.09 | $1.05 |
Dividend yield | 5.03% | 5.37% | 5.81% | 7.26% | 1.40% | 8.01% | 4.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Cutler Equity 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 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.18 | |||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.31 | $1.53 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.24 | $1.53 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.51 | $1.80 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.86 | $2.09 |
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 Cutler Equity 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 Cutler Equity Fund was 17.60%, occurring on Sep 30, 2022. Recovery took 303 trading sessions.
The current Cutler Equity Fund drawdown is 1.03%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.60%Sep 2022 | 8mo 20d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 | Bear market2022 |
-14.22%Apr 2025 | 4mo 7d | 2mo 20d | 6mo 27dDec 2024 - Jun 2025 | 2025 selloff2025 |
-6.81%Mar 2026 | 1mo 16d | 3mo 8d | 4mo 24dFeb 2026 - Jul 2026 | — |
-4.93%Sep 2021 | 18d | 29d | 1mo 17dSep 2021 - Oct 2021 | — |
-4.68%Jan 2021 | 14d | 20d | 1mo 4dJan 2021 - Feb 2021 | — |
Drawdown Indicators
| DIVHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.60% | -56.78% | +39.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -9.10% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.22% | -18.90% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | -25.43% | +7.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.58% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -10.70% | +7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.14% | +0.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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