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ISIN
US4611952080
CUSIP
461195208
Inception Date
Jan 2, 2005
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.21%3.10%-5.04%3.63%1.33%0.14%4.18%
20252.05%-1.01%-1.74%-0.48%3.08%3.14%1.30%2.72%1.66%-1.38%2.65%0.86%13.45%
20241.15%1.83%3.11%-3.21%3.41%-0.07%2.64%1.16%0.83%-0.33%7.07%-2.76%15.40%
20235.69%-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
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.


ICMBX Risk / Return Rank: 3737
Overall Rank
ICMBX Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
ICMBX Sortino Ratio Rank: 3838
Sortino Ratio Rank
ICMBX Omega Ratio Rank: 3535
Omega Ratio Rank
ICMBX Calmar Ratio Rank: 3535
Calmar Ratio Rank
ICMBX Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


ICMBXBenchmarkDifference
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.


2.00%3.00%4.00%5.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 1mo9mo 20d
2y 11moJan 2018 - Jan 2021
Financial crisis2007–2009
-29.41%Nov 2008
11mo 15d9mo 24d
1y 9moDec 2007 - Sep 2009
Bear market2022
-17.76%Sep 2022
10mo 26d1y 3mo
2y 2moNov 2021 - Jan 2024
2016 correction2016
-16.94%Jan 2016
8mo 20d7mo 6d
1y 3moMay 2015 - Aug 2016
2011 correction2011
-11.99%Oct 2011
4mo 25d3mo 24d
8mo 19dMay 2011 - Jan 2012

Drawdown Indicators


ICMBXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.82%

-1.80%

+0.98%

Average Drawdown

Average peak-to-trough decline

-4.53%

-10.71%

+6.18%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with ICMBX

Add Intrepid Capital Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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