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Colorado Bond Shares A Tax Exempt Fund (HICOX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US1963321005

Inception Date

Jun 3, 1987

Min. Investment

$500

Asset Class

Bond

Expense Ratio

HICOX has an expense ratio of 0.55%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

Colorado Bond Shares A Tax Exempt Fund (HICOX) returned 0.77% year-to-date (YTD) and 6.25% over the past 12 months. Over the past 10 years, HICOX returned 4.48% annually, underperforming the S&P 500 benchmark at 10.88%.


HICOX

YTD

0.77%

1M

1.43%

6M

0.52%

1Y

6.25%

3Y*

5.08%

5Y*

4.54%

10Y*

4.48%

^GSPC (Benchmark)

YTD

0.68%

1M

7.17%

6M

-1.66%

1Y

11.63%

3Y*

12.51%

5Y*

14.34%

10Y*

10.88%

*Annualized

Monthly Returns

The table below presents the monthly returns of HICOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.31%1.16%-0.64%-0.93%0.89%0.77%
20240.75%0.83%0.44%-0.78%0.52%1.83%1.03%0.73%1.54%-0.44%1.53%-0.54%7.67%
20232.94%-1.63%1.06%0.53%-0.11%0.95%0.43%-0.51%-1.80%-0.97%4.47%2.28%7.73%
2022-0.90%-0.33%-1.71%-2.26%1.83%-1.96%3.11%-1.01%-3.46%-1.04%3.02%0.34%-4.51%
20211.00%0.17%0.57%0.56%0.52%0.44%0.44%0.18%-0.11%0.09%0.65%0.23%4.83%
20200.82%0.86%-4.83%0.07%1.90%2.14%1.13%0.42%0.51%0.22%1.09%0.92%5.21%
20190.49%0.44%1.26%0.38%0.94%0.46%0.47%0.86%0.07%0.26%0.32%0.34%6.45%
20180.12%0.53%0.62%0.11%0.79%0.45%0.31%1.20%-0.11%-0.20%0.25%0.51%4.68%
20170.56%0.59%0.42%0.59%0.80%1.07%0.43%0.55%0.23%0.22%0.39%0.63%6.68%
20160.49%0.30%0.48%-0.37%0.58%0.85%0.27%1.02%0.50%-0.11%-1.52%0.39%2.89%
20150.84%0.05%0.31%0.16%0.21%0.29%0.77%0.43%0.37%0.32%0.41%0.31%4.55%
20140.87%0.50%0.39%0.56%0.93%0.31%0.27%0.61%0.35%0.65%0.26%0.43%6.29%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 89, HICOX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of HICOX is 8989
Overall Rank
The Sharpe Ratio Rank of HICOX is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of HICOX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of HICOX is 9090
Omega Ratio Rank
The Calmar Ratio Rank of HICOX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of HICOX is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Colorado Bond Shares A Tax Exempt Fund Sharpe ratios as of May 28, 2025 (values are recalculated daily):

  • 1-Year: 1.55
  • 5-Year: 1.46
  • 10-Year: 1.59
  • All Time: 2.09

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Colorado Bond Shares A Tax Exempt Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Colorado Bond Shares A Tax Exempt Fund provided a 5.57% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 3 consecutive years.


4.00%4.50%5.00%5.50%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.49$0.49$0.44$0.40$0.37$0.39$0.38$0.41$0.43$0.49$0.38$0.44

Dividend yield

5.57%5.44%4.99%4.64%3.93%4.15%4.12%4.55%4.74%5.53%4.14%4.85%

Monthly Dividends

The table displays the monthly dividend distributions for Colorado Bond Shares A Tax Exempt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.03$0.03$0.04$0.19
2024$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.49
2023$0.04$0.03$0.03$0.04$0.03$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.44
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.40
2021$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.37
2020$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.39
2019$0.03$0.03$0.03$0.04$0.04$0.04$0.03$0.03$0.03$0.03$0.03$0.04$0.38
2018$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.09$0.41
2017$0.04$0.03$0.03$0.04$0.03$0.05$0.04$0.03$0.03$0.03$0.03$0.05$0.43
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.07$0.04$0.03$0.10$0.49
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.38
2014$0.03$0.03$0.04$0.04$0.04$0.03$0.04$0.03$0.03$0.07$0.03$0.04$0.44

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 Colorado Bond Shares A Tax Exempt 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 Colorado Bond Shares A Tax Exempt Fund was 8.07%, occurring on Oct 25, 2022. Recovery took 275 trading sessions.

The current Colorado Bond Shares A Tax Exempt Fund drawdown is 0.96%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-8.07%Dec 16, 2021216Oct 25, 2022275Nov 29, 2023491
-7.31%Mar 2, 202015Mar 20, 202088Jul 27, 2020103
-4.02%Jul 24, 199029Aug 31, 1990120Feb 15, 1991149
-3.67%Apr 7, 20253Apr 9, 2025
-3.12%Sep 16, 200864Dec 15, 2008140Jul 8, 2009204
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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