Altegris Futures Evolution Strategy Fund (EVOIX)

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Altegris Futures Evolution Strategy Fund (EVOIX) is up 6.7% since the beginning of the year. EVOIX is currently trading at $7 per share. Investors who bought $1,000 worth of EVOIX shares 5 years ago would now be looking at an investment worth $1,454.

Altegris Futures Evolution Strategy Fund (EVOIX) has returned 6.74% so far this year and 23.11% over the past 12 months. Over the last ten years, EVOIX has returned 3.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 31, 2011, EVOIX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.

Historically, 54% of months were positive and 46% were negative. The best month was Mar 2022 with a return of +9.4%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EVOIX closed higher 49% of trading days. The best single day was Jun 24, 2016 with a return of +4.0%, while the worst single day was Dec 3, 2015 at -4.7%.

Altegris Futures Evolution Strategy Fund has an annualized alpha of 4.21%, beta of 0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 31, 2011.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.49%) than losses (15.75%) - typical of diversified or defensive assets.
• Beta of 0.03 may look defensive, but with R2 of 0.00 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 0.00 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.

EVOIX has a high expense ratio of 1.34%, indicating above-average management fees.

EVOIX ranks 75 for risk / return — better than 75% 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.

Altegris Futures Evolution Strategy Fund provided a 9.34% dividend yield over the last twelve months, with an annual payout of $0.62 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Altegris Futures Evolution Strategy 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 Altegris Futures Evolution Strategy 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 Altegris Futures Evolution Strategy Fund was 29.57%, occurring on Sep 24, 2020. Recovery took 365 trading sessions.

The current Altegris Futures Evolution Strategy Fund drawdown is 3.34%.

The chart below shows the rolling one-month volatility.