- ISIN
- US2549391769
- CUSIP
- 254939176
- Issuer
- Direxion
- Inception Date
- Sep 15, 2013
- Category
- Tactical Allocation
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HCYAX Performance Chart
Hilton Tactical Income Fund (HCYAX) is up 3.2% since the beginning of the year. HCYAX is currently trading at $19 per share. Investors who bought $1,000 worth of HCYAX shares 5 years ago would now be looking at an investment worth $1,218.
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Returns By Period
Hilton Tactical Income Fund (HCYAX) has returned 3.20% so far this year and 8.11% over the past 12 months. Over the last ten years, HCYAX has returned 5.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Hilton Tactical Income Fund
- 1D
- 0.71%
- 1M
- 0.38%
- 6M
- 2.02%
- YTD
- 3.20%
- 1Y
- 8.11%
- 3Y*
- 8.39%
- 5Y*
- 4.02%
- 10Y*
- 5.19%
- ALL TIME*
- 5.06%
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%
HCYAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2014, HCYAX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 68% of months were positive and 32% were negative. The best month was Jan 2019 with a return of +4.2%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HCYAX closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +3.8%, while the worst single day was Mar 18, 2020 at -9.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.15% | 1.42% | -4.02% | 2.92% | 1.05% | 0.28% | 0.50% | 3.20% | |||||
| 2025 | 2.15% | 0.03% | -2.54% | 0.09% | 1.11% | 2.05% | 0.83% | 1.32% | 1.37% | 0.54% | 1.24% | -0.01% | 8.41% |
| 2024 | 1.14% | 1.60% | 1.58% | -1.90% | 2.45% | 1.59% | 0.80% | 1.98% | 1.11% | -1.15% | 2.46% | -1.85% | 10.12% |
| 2023 | 1.22% | -2.02% | 2.17% | 1.27% | -1.16% | 0.92% | 0.98% | -0.78% | -1.65% | -0.50% | 3.85% | 2.50% | 6.81% |
| 2022 | -4.23% | -2.25% | 0.84% | -2.52% | -0.36% | -2.25% | 2.94% | -2.07% | -3.98% | 1.74% | 2.27% | -1.29% | -10.88% |
| 2021 | -1.76% | 2.50% | 3.70% | 2.59% | 1.17% | 0.60% | 2.00% | 1.36% | -2.78% | 3.79% | -0.98% | 2.55% | 15.51% |
Benchmark Metrics
Hilton Tactical Income Fund has an annualized alpha of 0.47%, beta of 0.38, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since January 03, 2014.
- This fund participated in 48.44% of S&P 500 Index downside but only 38.95% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.38 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
- 0.47%
- Beta
- 0.38
- R²
- 0.71
- Upside Capture
- 38.95%
- Downside Capture
- 48.44%
Expense Ratio
HCYAX has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HCYAX ranks 42 for risk / return — above 42% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Hilton Tactical Income Fund (HCYAX) 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.
| HCYAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.00 | -0.48 |
| Martin ratioReturn relative to average drawdown | 6.18 | 8.49 | -2.31 |
Dividends
Dividend History
Hilton Tactical Income Fund provided a 6.05% dividend yield over the last twelve months, with an annual payout of $1.12 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.12 | $1.15 | $0.58 | $0.48 | $0.45 | $0.45 | $0.54 | $0.46 | $0.62 | $0.43 | $0.58 | $0.64 |
Dividend yield | 6.05% | 6.26% | 3.22% | 2.81% | 2.77% | 2.40% | 3.26% | 2.64% | 3.98% | 2.54% | 3.63% | 4.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Hilton Tactical Income 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 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.43 | |||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.51 | $1.15 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
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 Hilton Tactical Income 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 Hilton Tactical Income Fund was 25.70%, occurring on Mar 23, 2020. Recovery took 259 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.70%Mar 2020 | 1mo 3d | 1y 9d | 1y 1moFeb 2020 - Apr 2021 | COVID crash2020 |
-13.90%Oct 2022 | 9mo 14d | 1y 7mo | 2y 4moJan 2022 - May 2024 | Bear market2022 |
-7.81%Dec 2018 | 3mo 26d | 2mo 19d | 6mo 15dAug 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-7.73%Apr 2025 | 1mo 17d | 2mo 24d | 4mo 11dFeb 2025 - Jul 2025 | 2025 selloff2025 |
-6.52%Feb 2016 | 1y 5mo | 2mo 29d | 1y 8moSep 2014 - May 2016 | — |
Drawdown Indicators
| HCYAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -56.78% | +31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -9.10% | +3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -18.90% | +11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -13.90% | -25.43% | +11.53% |
Max Drawdown (10Y)Largest decline over 10 years | -25.70% | -33.92% | +8.22% |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -10.70% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 2.14% | -0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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