- ISIN
- US66538A7946
- CUSIP
- 66538A794
- Issuer
- Innealta Capital
- Inception Date
- Dec 29, 2011
- Category
- Tactical Allocation
- Min. Investment
- $20,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ICSIX Performance Chart
Dynamic U.S. Opportunity Fund (ICSIX) is up 6.6% since the beginning of the year. ICSIX is currently trading at $15 per share. Investors who bought $1,000 worth of ICSIX shares 5 years ago would now be looking at an investment worth $1,515.
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Returns By Period
Dynamic U.S. Opportunity Fund (ICSIX) has returned 6.61% so far this year and 19.09% over the past 12 months. Over the last ten years, ICSIX has returned 11.06% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Dynamic U.S. Opportunity Fund
- 1D
- 0.07%
- 1M
- 3.49%
- YTD
- 6.61%
- 6M
- 7.44%
- 1Y
- 19.09%
- 3Y*
- 13.37%
- 5Y*
- 8.66%
- 10Y*
- 11.06%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
ICSIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 2011, ICSIX's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +10.0%, while the worst month was Dec 2018 at -10.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ICSIX closed higher 48% of trading days. The best single day was Dec 18, 2024 with a return of +18.2%, while the worst single day was Dec 19, 2024 at -17.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.44% | 1.06% | -4.77% | 5.96% | 2.99% | 0.07% | 6.61% | ||||||
| 2025 | 2.81% | 0.41% | -3.54% | -0.70% | 4.40% | 4.96% | 0.97% | 1.54% | 3.10% | 0.67% | 0.18% | 0.78% | 16.41% |
| 2024 | -0.06% | 2.62% | 2.74% | -4.25% | 3.11% | 1.29% | 2.13% | 1.84% | 0.64% | -1.80% | 4.78% | -4.71% | 8.16% |
| 2023 | 5.07% | -2.10% | 1.72% | 0.98% | -0.97% | 5.34% | 2.80% | -1.95% | -4.37% | -2.77% | 7.19% | 4.80% | 16.05% |
| 2022 | -3.58% | -1.72% | 1.75% | -4.75% | 3.90% | -5.21% | 5.79% | -2.49% | -5.33% | 4.58% | 5.17% | -4.81% | -7.52% |
| 2021 | -0.88% | 2.28% | 2.30% | 4.08% | 1.82% | 0.86% | 0.53% | 1.83% | -3.28% | 4.25% | -1.27% | 2.79% | 16.14% |
Benchmark Metrics
Dynamic U.S. Opportunity Fund has an annualized alpha of 0.86%, beta of 0.59, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since January 03, 2012.
- This fund participated in 63.53% of S&P 500 Index downside but only 57.30% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.59 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
- 0.86%
- Beta
- 0.59
- R²
- 0.55
- Upside Capture
- 57.30%
- Downside Capture
- 63.53%
Expense Ratio
ICSIX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ICSIX ranks 52 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 Dynamic U.S. Opportunity Fund (ICSIX) and compare them to S&P 500 Index.
| ICSIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 2.39 | -0.41 |
Sortino ratioReturn per unit of downside risk | 2.75 | 3.25 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.02 | 3.11 | -0.09 |
Martin ratioReturn relative to average drawdown | 12.58 | 14.38 | -1.80 |
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
Dynamic U.S. Opportunity Fund provided a 17.95% dividend yield over the last twelve months, with an annual payout of $2.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.66 | $2.66 | $2.72 | $0.15 | $0.35 | $0.83 | $0.79 | $0.06 | $1.22 | $0.31 | $0.52 | $0.21 |
Dividend yield | 17.95% | 19.13% | 19.10% | 0.97% | 2.55% | 5.47% | 5.78% | 0.49% | 12.55% | 2.50% | 4.76% | 2.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Dynamic U.S. Opportunity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.66 | $2.66 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.72 | $2.72 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
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 Dynamic U.S. Opportunity 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 Dynamic U.S. Opportunity Fund was 25.63%, occurring on Mar 23, 2020. Recovery took 50 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.63%Mar 2020 | 1mo 2d | 2mo 12d | 3mo 14dFeb 2020 - Jun 2020 |
2025 selloff2025 | -24.90%Apr 2025 | 3mo 20d | 1y 28d | 1y 4moDec 2024 - May 2026 |
Rate-hike selloffLate 2018 | -22.31%Dec 2018 | 3mo 26d | 10mo 3d | 1y 1moAug 2018 - Oct 2019 |
Bear market2022 | -12.48%Jun 2022 | 5mo 12d | 12mo 2d | 1y 5moJan 2022 - Jun 2023 |
2023 pullback2023 | -9.93%Oct 2023 | 2mo 27d | 1mo 17d | 4mo 14dAug 2023 - Dec 2023 |
Drawdown Indicators
| ICSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.63% | -56.78% | +31.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.73% | -9.10% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -24.90% | -18.90% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -25.43% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -25.63% | -33.92% | +8.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -10.72% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.97% | -0.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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