- ISIN
- US2549391686
- CUSIP
- 254939168
- Issuer
- Direxion
- Inception Date
- Sep 16, 2013
- Category
- Tactical Allocation
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HCYIX Performance Chart
Hilton Tactical Income Fund Institutional Class (HCYIX) is up 2.6% since the beginning of the year. HCYIX is currently trading at $18 per share. Investors who bought $1,000 worth of HCYIX shares 5 years ago would now be looking at an investment worth $1,269.
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Returns By Period
Hilton Tactical Income Fund Institutional Class (HCYIX) has returned 2.59% so far this year and 10.08% over the past 12 months. Over the last ten years, HCYIX has returned 5.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hilton Tactical Income Fund Institutional Class
- 1D
- 0.44%
- 1M
- 0.30%
- YTD
- 2.59%
- 6M
- 2.42%
- 1Y
- 10.08%
- 3Y*
- 8.75%
- 5Y*
- 4.88%
- 10Y*
- 5.58%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HCYIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, HCYIX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 67% of months were positive and 33% 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, HCYIX closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +3.7%, while the worst single day was Mar 18, 2020 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.17% | 1.49% | -4.05% | 3.00% | 1.06% | 0.03% | 2.59% | ||||||
| 2025 | 2.17% | 0.05% | -2.57% | 0.11% | 1.19% | 2.07% | 0.85% | 1.29% | 1.44% | 0.56% | 1.26% | -0.04% | 8.62% |
| 2024 | 1.22% | 1.62% | 1.60% | -1.93% | 2.52% | 1.55% | 0.87% | 1.99% | 1.13% | -1.18% | 2.42% | -1.77% | 10.38% |
| 2023 | 1.23% | -2.00% | 2.18% | 1.29% | -1.14% | 0.94% | 1.00% | -0.70% | -1.68% | -0.47% | 3.86% | 2.52% | 7.07% |
| 2022 | -4.25% | -2.17% | 0.81% | -2.49% | -0.34% | -2.17% | 2.89% | -1.99% | -4.01% | 1.76% | 2.35% | -1.32% | -10.69% |
| 2021 | -1.73% | 2.52% | 3.72% | 2.61% | 1.19% | 0.62% | 2.01% | 1.37% | -2.76% | 3.86% | -0.96% | 2.57% | 15.81% |
Benchmark Metrics
Hilton Tactical Income Fund Institutional Class has an annualized alpha of 0.66%, beta of 0.38, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- This fund participated in 48.59% of S&P 500 Index downside but only 39.63% 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
- 0.66%
- Beta
- 0.38
- R²
- 0.71
- Upside Capture
- 39.63%
- Downside Capture
- 48.59%
Expense Ratio
HCYIX has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HCYIX ranks 40 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hilton Tactical Income Fund Institutional Class (HCYIX) 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.
| HCYIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.78 | -0.83 |
| Martin ratioReturn relative to average drawdown | 7.95 | 12.44 | -4.49 |
Dividends
Dividend History
Hilton Tactical Income Fund Institutional Class provided a 6.64% dividend yield over the last twelve months, with an annual payout of $1.23 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 | $1.23 | $1.20 | $0.62 | $0.52 | $0.49 | $0.49 | $0.56 | $0.50 | $0.66 | $0.46 | $0.62 | $0.68 |
Dividend yield | 6.64% | 6.51% | 3.46% | 3.05% | 3.01% | 2.61% | 3.36% | 2.87% | 4.22% | 2.75% | 3.87% | 4.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Hilton Tactical Income Fund Institutional Class. 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 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.39 | ||||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.51 | $1.20 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.62 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.52 |
| 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 | $0.49 |
| 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 | $0.49 |
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 Institutional Class. 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 Institutional Class was 25.70%, occurring on Mar 23, 2020. Recovery took 259 trading sessions.
The current Hilton Tactical Income Fund Institutional Class drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.70%Mar 2020 | 1mo 3d | 1y 9d | 1y 1moFeb 2020 - Apr 2021 |
Bear market2022 | -13.75%Oct 2022 | 9mo 14d | 1y 6mo | 2y 4moJan 2022 - May 2024 |
2025 selloff2025 | -7.73%Apr 2025 | 1mo 17d | 2mo 23d | 4mo 10dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -7.68%Dec 2018 | 3mo 1d | 2mo 19d | 5mo 20dSep 2018 - Mar 2019 |
2016 pullback2016 | -6.13%Feb 2016 | 9mo 20d | 2mo 16d | 1y 1dApr 2015 - Apr 2016 |
Drawdown Indicators
| HCYIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -56.78% | +31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -9.10% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -18.90% | +11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -25.43% | +11.68% |
Max Drawdown (10Y)Largest decline over 10 years | -25.70% | -33.92% | +8.22% |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -10.71% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.03% | -0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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