- ISIN
- US89609H8372
- CUSIP
- 89609H837
- Issuer
- Tributary Funds
- Inception Date
- Aug 5, 1996
- Category
- Diversified Portfolio
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FOBAX Performance Chart
Tributary Balanced Fund (FOBAX) is up 1.9% since the beginning of the year. FOBAX is currently trading at $20 per share. Investors who bought $1,000 worth of FOBAX shares 5 years ago would now be looking at an investment worth $1,371.
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Returns By Period
Tributary Balanced Fund (FOBAX) has returned 1.92% so far this year and 10.55% over the past 12 months. Over the last ten years, FOBAX has returned 8.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Tributary Balanced Fund
- 1D
- -0.59%
- 1M
- -1.27%
- YTD
- 1.92%
- 6M
- 1.36%
- 1Y
- 10.55%
- 3Y*
- 10.86%
- 5Y*
- 6.51%
- 10Y*
- 8.93%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
FOBAX Monthly Returns History
Based on dividend-adjusted daily data since Aug 6, 1996, FOBAX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Dec 1999 with a return of +9.3%, while the worst month was Sep 2008 at -11.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FOBAX closed higher 52% of trading days. The best single day was Dec 27, 1999 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.05% | 0.15% | -3.68% | 4.83% | 1.32% | -1.56% | 1.92% | ||||||
| 2025 | 1.85% | -0.34% | -3.73% | -0.51% | 3.36% | 3.06% | 1.61% | 1.49% | 2.15% | 1.02% | 0.18% | -0.08% | 10.30% |
| 2024 | 1.25% | 2.79% | 2.27% | -3.13% | 4.44% | 2.42% | 1.14% | 1.52% | 1.13% | -0.67% | 3.19% | -2.66% | 14.28% |
| 2023 | 4.77% | -1.73% | 2.84% | 1.66% | 0.17% | 4.00% | 1.73% | -1.12% | -3.69% | -1.46% | 6.09% | 3.11% | 17.11% |
| 2022 | -4.38% | -2.59% | 1.26% | -5.68% | 0.05% | -4.86% | 5.65% | -3.44% | -6.53% | 3.63% | 4.85% | -3.24% | -15.11% |
| 2021 | -1.25% | 2.12% | 2.03% | 4.02% | 0.29% | 1.74% | 1.30% | 1.80% | -3.29% | 4.14% | -0.42% | 2.95% | 16.27% |
Benchmark Metrics
Tributary Balanced Fund has an annualized alpha of 3.25%, beta of 0.54, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since August 06, 1996.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (63.47%) than losses (59.67%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.25% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.54 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
- 3.25%
- Beta
- 0.54
- R²
- 0.82
- Upside Capture
- 63.47%
- Downside Capture
- 59.67%
Expense Ratio
FOBAX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FOBAX ranks 33 for risk / return — below 33% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tributary Balanced Fund (FOBAX) 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.
| FOBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.46 | -0.58 |
| Martin ratioReturn relative to average drawdown | 8.13 | 10.92 | -2.79 |
Dividends
Dividend History
Tributary Balanced Fund provided a 9.69% dividend yield over the last twelve months, with an annual payout of $1.97 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.97 | $1.97 | $1.06 | $0.98 | $0.93 | $1.66 | $1.11 | $0.80 | $1.17 | $1.41 | $1.09 | $0.04 |
Dividend yield | 9.69% | 9.82% | 5.32% | 5.36% | 5.59% | 8.10% | 5.80% | 4.43% | 7.55% | 8.29% | 6.73% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Tributary Balanced 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 | $0.05 | $0.00 | $0.00 | $0.07 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.78 | $1.97 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.83 | $1.06 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.84 | $0.98 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.84 | $0.93 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.59 | $1.66 |
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 Tributary Balanced 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 Tributary Balanced Fund was 40.00%, occurring on Mar 9, 2009. Recovery took 270 trading sessions.
The current Tributary Balanced Fund drawdown is 1.65%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -40.00%Mar 2009 | 1y 5mo | 1y 27d | 2y 5moOct 2007 - Apr 2010 |
COVID crash2020 | -22.37%Mar 2020 | 1mo 2d | 4mo 14d | 5mo 16dFeb 2020 - Aug 2020 |
Bear market2022 | -19.88%Oct 2022 | 9mo 18d | 1y 3mo | 2y 23dDec 2021 - Jan 2024 |
Dot-com crash2000–2002 | -17.24%Oct 2002 | 6mo 23d | 7mo 23d | 1y 2moMar 2002 - May 2003 |
2016 correction2016 | -13.08%Feb 2016 | 7mo 22d | 1y 3d | 1y 7moJun 2015 - Feb 2017 |
Drawdown Indicators
| FOBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -56.78% | +16.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | -9.10% | +3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.97% | -18.90% | +6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | -25.43% | +5.55% |
Max Drawdown (10Y)Largest decline over 10 years | -22.37% | -33.92% | +11.55% |
Current DrawdownCurrent decline from peak | -1.65% | -3.21% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -10.71% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.04% | -0.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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