- ISIN
- US78410K7413
- CUSIP
- 44929K887
- Issuer
- ICON Funds
- Inception Date
- Feb 18, 1997
- Category
- Technology Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ICTEX Performance Chart
ICON Health and Information Technology Fund (ICTEX) is up 28.3% since the beginning of the year. ICTEX is currently trading at $20 per share. Investors who bought $1,000 worth of ICTEX shares 5 years ago would now be looking at an investment worth $1,685.
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Returns By Period
ICON Health and Information Technology Fund (ICTEX) has returned 28.31% so far this year and 47.29% over the past 12 months. Looking at the last ten years, ICTEX has achieved an annualized return of 16.60%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
ICON Health and Information Technology Fund
- 1D
- 2.01%
- 1M
- -0.30%
- 6M
- 21.23%
- YTD
- 28.31%
- 1Y
- 47.29%
- 3Y*
- 24.65%
- 5Y*
- 11.00%
- 10Y*
- 16.60%
- ALL TIME*
- 9.77%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ICTEX Monthly Returns History
Based on dividend-adjusted daily data since Feb 19, 1997, ICTEX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was Feb 2000 with a return of +21.5%, while the worst month was Sep 2001 at -23.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ICTEX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.0%, while the worst single day was Dec 16, 1999 at -26.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.84% | 0.37% | -6.48% | 18.69% | 8.70% | 3.85% | -3.61% | 28.31% | |||||
| 2025 | 6.57% | -8.29% | -8.79% | 2.34% | 7.13% | 7.30% | -0.36% | 3.26% | 6.32% | 5.01% | -1.97% | -0.45% | 17.55% |
| 2024 | 0.88% | 4.59% | 2.58% | -5.47% | 2.66% | 3.89% | 2.37% | 2.44% | 0.65% | -3.48% | 10.96% | -2.34% | 20.45% |
| 2023 | 3.82% | -2.83% | 1.42% | -0.20% | -0.13% | 3.41% | 1.03% | 0.00% | -3.78% | -2.40% | 7.72% | 5.38% | 13.59% |
| 2022 | -7.30% | -4.53% | 1.57% | -9.25% | 2.89% | -8.09% | 8.02% | -3.88% | -7.04% | 7.44% | 3.53% | -2.66% | -19.38% |
| 2021 | -0.00% | 2.00% | 2.74% | 5.47% | 0.08% | 1.98% | 2.93% | -0.04% | -7.75% | 5.01% | -2.16% | 6.90% | 17.62% |
Benchmark Metrics
ICON Health and Information Technology Fund has an annualized alpha of 2.41%, beta of 1.09, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since February 19, 1997.
- This fund captured 128.32% of S&P 500 Index gains and 116.10% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.41% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.09 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.41%
- Beta
- 1.09
- R²
- 0.68
- Upside Capture
- 128.32%
- Downside Capture
- 116.10%
Expense Ratio
ICTEX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ICTEX ranks 84 for risk / return — above 84% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ICON Health and Information Technology Fund (ICTEX) 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.
| ICTEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.00 | +1.23 |
| Martin ratioReturn relative to average drawdown | 12.41 | 8.49 | +3.92 |
Dividends
Dividend History
ICON Health and Information Technology Fund provided a 16.17% dividend yield over the last twelve months, with an annual payout of $3.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.20 | $3.20 | $1.80 | $1.83 | $2.76 | $3.60 | $0.74 | $0.72 | $2.04 | $3.95 | $3.25 |
Dividend yield | 16.17% | 20.75% | 11.36% | 12.46% | 18.84% | 16.62% | 3.45% | 4.32% | 16.94% | 24.94% | 21.88% |
Monthly Dividends
The table displays the monthly dividend distributions for ICON Health and Information Technology 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 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.20 | $0.00 | $3.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $0.00 | $1.80 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.83 | $0.00 | $1.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.76 | $0.00 | $2.76 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.60 | $3.60 |
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 ICON Health and Information Technology 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 ICON Health and Information Technology Fund was 64.92%, occurring on Mar 9, 2009. Recovery took 1257 trading sessions.
The current ICON Health and Information Technology Fund drawdown is 3.61%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.92%Mar 2009 | 9y 1d | 4y 12mo | 13y 12moMar 2000 - Mar 2014 | Financial crisis2007–2009 |
-43.12%Oct 1998 | 1y 14d | 2mo 14d | 1y 2moSep 1997 - Dec 1998 | — |
-35.08%Mar 2020 | 1mo 2d | 3mo 26d | 4mo 28dFeb 2020 - Jul 2020 | COVID crash2020 |
-26.69%Dec 1999 | 10d | 2mo 17d | 2mo 27dDec 1999 - Mar 2000 | — |
-26.67%Oct 2022 | 9mo 11d | 1y 9mo | 2y 6moJan 2022 - Jul 2024 | Bear market2022 |
Drawdown Indicators
| ICTEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -56.78% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -9.10% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.38% | -18.90% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -25.43% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -35.08% | -33.92% | -1.16% |
Current DrawdownCurrent decline from peak | -3.61% | -1.58% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -17.91% | -10.70% | -7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.14% | +1.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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