- ISIN
- US6282553097
- CUSIP
- 628255309
- Issuer
- Rational Funds
- Inception Date
- Feb 28, 2001
- Category
- Large Cap Value Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HDCTX Performance Chart
Rational Equity Armor Fund (HDCTX) is up 10.9% since the beginning of the year. HDCTX is currently trading at $12 per share. Investors who bought $1,000 worth of HDCTX shares 5 years ago would now be looking at an investment worth $1,399.
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Returns By Period
Rational Equity Armor Fund (HDCTX) has returned 10.89% so far this year and 21.11% over the past 12 months. Over the last ten years, HDCTX has returned 5.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.65% annually.
Rational Equity Armor Fund
- 1D
- -0.33%
- 1M
- 3.47%
- YTD
- 10.89%
- 6M
- 8.18%
- 1Y
- 21.11%
- 3Y*
- 15.89%
- 5Y*
- 6.94%
- 10Y*
- 5.62%
Benchmark (S&P 500 Index)
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
HDCTX Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2001, HDCTX's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2009 with a return of +13.1%, while the worst month was Feb 2009 at -16.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HDCTX closed higher 49% of trading days. The best single day was Oct 14, 2008 with a return of +17.7%, while the worst single day was Sep 29, 2008 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.48% | 0.37% | -3.16% | 7.80% | 3.67% | 0.59% | 10.89% | ||||||
| 2025 | 4.49% | -1.70% | -4.48% | 0.43% | 4.35% | 2.74% | 1.19% | 0.49% | 4.86% | 4.27% | -1.42% | -2.71% | 12.64% |
| 2024 | 0.98% | 4.35% | 1.16% | -3.89% | 3.58% | 2.99% | 0.11% | 3.46% | 1.40% | -0.64% | 4.60% | -2.05% | 16.85% |
| 2023 | -1.88% | -1.59% | 1.12% | -3.20% | 0.55% | 3.84% | 1.40% | -1.63% | -3.19% | -0.79% | 5.19% | 3.54% | 2.95% |
| 2022 | -1.00% | -0.37% | 2.38% | -5.74% | -2.22% | -4.50% | 2.07% | -2.20% | -1.49% | 6.44% | 0.57% | -4.55% | -10.68% |
| 2021 | 0.44% | 2.10% | 2.93% | 1.81% | 2.03% | -1.15% | 1.50% | 1.40% | -3.32% | 4.70% | -2.49% | 4.01% | 14.52% |
Benchmark Metrics
Rational Equity Armor Fund has an annualized alpha of 1.07%, beta of 0.64, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since March 01, 2001.
- This fund participated in 69.15% of S&P 500 Index downside but only 64.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.64 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
- 1.07%
- Beta
- 0.64
- R²
- 0.68
- Upside Capture
- 64.65%
- Downside Capture
- 69.15%
Expense Ratio
HDCTX has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HDCTX ranks 57 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 Rational Equity Armor Fund (HDCTX) and compare them to S&P 500 Index.
| HDCTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.98 | +0.03 |
| Martin ratioReturn relative to average drawdown | 8.00 | 13.78 | -5.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Rational Equity Armor Fund provided a 0.18% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.02 | $0.00 | $0.00 | $0.01 | $0.06 | $0.11 | $0.09 | $0.37 | $0.52 | $0.45 | $0.28 | $1.29 |
Dividend yield | 0.18% | 0.00% | 0.00% | 0.17% | 0.78% | 1.21% | 1.10% | 5.37% | 7.86% | 5.60% | 3.28% | 15.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Rational Equity Armor 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 | $0.01 | $0.01 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.06 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
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 Rational Equity Armor 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 Rational Equity Armor Fund was 59.05%, occurring on Mar 9, 2009. Recovery took 734 trading sessions.
The current Rational Equity Armor Fund drawdown is 1.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.05%Mar 2009 | 1y 10mo | 2y 11mo | 4y 9moMay 2007 - Feb 2012 |
Rate-hike selloffLate 2018 | -19.43%Dec 2018 | 2y 5mo | 1y 1mo | 3y 6moJul 2016 - Feb 2020 |
2023 correction2023 | -18.22%Oct 2023 | 1y 9mo | 8mo 13d | 2y 6moJan 2022 - Jul 2024 |
Dot-com crash2000–2002 | -15.80%Oct 2002 | 5mo 27d | 7mo 27d | 1y 1moApr 2002 - Jun 2003 |
COVID crash2020 | -15.60%Mar 2020 | 29d | 2mo 14d | 3mo 13dFeb 2020 - Jun 2020 |
Drawdown Indicators
| HDCTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -56.78% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -9.10% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -11.74% | -18.90% | +7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -25.43% | +7.21% |
Max Drawdown (10Y)Largest decline over 10 years | -19.43% | -33.92% | +14.49% |
Current DrawdownCurrent decline from peak | -1.16% | -0.33% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -10.72% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.97% | +0.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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