- ISIN
- US4611952080
- CUSIP
- 461195208
- Issuer
- Intrepid Funds
- Inception Date
- Jan 2, 2005
- Category
- Diversified Portfolio
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ICMBX Performance Chart
Intrepid Capital Fund (ICMBX) is up 4.2% since the beginning of the year. ICMBX is currently trading at $15 per share. Investors who bought $1,000 worth of ICMBX shares 5 years ago would now be looking at an investment worth $1,415.
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Returns By Period
Intrepid Capital Fund (ICMBX) has returned 4.18% so far this year and 14.27% over the past 12 months. Over the last ten years, ICMBX has returned 5.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Intrepid Capital Fund
- 1D
- 0.42%
- 1M
- 0.49%
- YTD
- 4.18%
- 6M
- 3.52%
- 1Y
- 14.27%
- 3Y*
- 13.86%
- 5Y*
- 7.19%
- 10Y*
- 5.83%
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%
ICMBX Monthly Returns History
Based on dividend-adjusted daily data since Jan 5, 2005, ICMBX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +9.5%, while the worst month was Oct 2008 at -13.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ICMBX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +5.4%, 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 | 1.21% | 3.10% | -5.04% | 3.63% | 1.33% | 0.14% | 4.18% | ||||||
| 2025 | 2.05% | -1.01% | -1.74% | -0.48% | 3.08% | 3.14% | 1.30% | 2.72% | 1.66% | -1.38% | 2.65% | 0.86% | 13.45% |
| 2024 | 1.15% | 1.83% | 3.11% | -3.21% | 3.41% | -0.07% | 2.64% | 1.16% | 0.83% | -0.33% | 7.07% | -2.76% | 15.40% |
| 2023 | 5.69% | -2.46% | 0.73% | -0.76% | -0.48% | 3.73% | 2.44% | -0.37% | -1.11% | -2.44% | 4.52% | 4.29% | 14.18% |
| 2022 | -3.90% | -0.95% | 0.71% | -4.25% | 0.82% | -7.22% | 4.78% | -2.05% | -5.33% | 6.07% | 3.53% | -4.42% | -12.44% |
| 2021 | -2.29% | 6.37% | 1.32% | 4.04% | -0.17% | 2.34% | 1.41% | -0.98% | -3.29% | 3.17% | -2.99% | 3.73% | 12.85% |
Benchmark Metrics
Intrepid Capital Fund has an annualized alpha of 1.19%, beta of 0.54, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since January 05, 2005.
- This fund participated in 62.66% of S&P 500 Index downside but only 57.70% of its upside - more exposed to losses than it benefited from rallies.
- 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
- 1.19%
- Beta
- 0.54
- R²
- 0.81
- Upside Capture
- 57.70%
- Downside Capture
- 62.66%
Expense Ratio
ICMBX has a high expense ratio of 1.40%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ICMBX ranks 37 for risk / return — below 37% 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 Intrepid Capital Fund (ICMBX) 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.
| ICMBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.78 | -0.68 |
| Martin ratioReturn relative to average drawdown | 8.34 | 12.44 | -4.10 |
Dividends
Dividend History
Intrepid Capital Fund provided a 1.75% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.30 | $0.38 | $0.47 | $0.19 | $0.25 | $0.18 | $0.56 | $0.35 | $0.36 | $0.42 | $0.23 |
Dividend yield | 1.75% | 2.15% | 2.96% | 4.14% | 1.82% | 2.10% | 1.68% | 5.47% | 3.48% | 2.96% | 3.64% | 2.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Intrepid Capital 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 | $0.12 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2024 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.01 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.25 |
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 Intrepid Capital 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 Intrepid Capital Fund was 33.71%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.
The current Intrepid Capital Fund drawdown is 0.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.71%Mar 2020 | 2y 1mo | 9mo 20d | 2y 11moJan 2018 - Jan 2021 |
Financial crisis2007–2009 | -29.41%Nov 2008 | 11mo 15d | 9mo 24d | 1y 9moDec 2007 - Sep 2009 |
Bear market2022 | -17.76%Sep 2022 | 10mo 26d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 |
2016 correction2016 | -16.94%Jan 2016 | 8mo 20d | 7mo 6d | 1y 3moMay 2015 - Aug 2016 |
2011 correction2011 | -11.99%Oct 2011 | 4mo 25d | 3mo 24d | 8mo 19dMay 2011 - Jan 2012 |
Drawdown Indicators
| ICMBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -56.78% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -9.10% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | -18.90% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -17.76% | -25.43% | +7.67% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -33.92% | +0.21% |
Current DrawdownCurrent decline from peak | -0.82% | -1.80% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -10.71% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.03% | -0.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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