- ISIN
- US78410K6910
- CUSIP
- 44929K671
- Issuer
- ICON Funds
- Inception Date
- May 5, 2004
- Category
- Multisector Bonds
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
IOBZX Performance Chart
ICON FlexibleBondFund (IOBZX) is up 1.2% since the beginning of the year. IOBZX is currently trading at $9 per share. Investors who bought $1,000 worth of IOBZX shares 5 years ago would now be looking at an investment worth $1,202.
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Returns By Period
ICON FlexibleBondFund (IOBZX) has returned 1.24% so far this year and 5.37% over the past 12 months. Over the last ten years, IOBZX has returned 4.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
ICON FlexibleBondFund
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- 1.24%
- 6M
- 1.55%
- 1Y
- 5.37%
- 3Y*
- 6.50%
- 5Y*
- 3.74%
- 10Y*
- 4.12%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
IOBZX Monthly Returns History
Based on dividend-adjusted daily data since Feb 3, 2004, IOBZX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +5.8%, while the worst month was Mar 2020 at -9.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IOBZX closed higher 39% of trading days. The best single day was Mar 26, 2020 with a return of +3.0%, while the worst single day was Mar 18, 2020 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.93% | -0.21% | -1.24% | 1.29% | 0.48% | 0.00% | 1.24% | ||||||
| 2025 | 0.95% | 0.87% | -0.44% | -0.70% | 0.74% | 1.30% | 0.11% | 0.96% | 0.61% | 0.24% | 0.61% | 0.30% | 5.67% |
| 2024 | 0.85% | 1.07% | 0.71% | -0.75% | 1.27% | 1.09% | 1.06% | 1.06% | 1.27% | -0.38% | 0.83% | -0.01% | 8.33% |
| 2023 | 2.97% | 0.09% | -0.28% | 1.16% | -0.30% | 0.25% | 1.22% | -0.08% | -0.61% | -0.90% | 2.88% | 1.67% | 8.28% |
| 2022 | -0.71% | -1.27% | -1.08% | -1.87% | -0.66% | -2.78% | 2.65% | -0.20% | -1.82% | 0.07% | 2.19% | -0.14% | -5.63% |
| 2021 | 0.58% | 0.21% | 0.66% | 0.64% | 0.59% | 0.66% | 0.14% | 0.53% | 0.00% | 0.17% | -0.34% | 0.26% | 4.17% |
Benchmark Metrics
ICON FlexibleBondFund has an annualized alpha of 3.94%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 04, 2004.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.67%) than losses (7.94%) - typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.94%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 17.67%
- Downside Capture
- 7.94%
Expense Ratio
IOBZX has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IOBZX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ICON FlexibleBondFund (IOBZX) and compare them to S&P 500 Index.
| IOBZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.41 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.93 | -0.26 |
| Martin ratioReturn relative to average drawdown | 12.08 | 13.52 | -1.45 |
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
ICON FlexibleBondFund provided a 6.12% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.58 | $0.58 | $0.48 | $0.44 | $0.46 | $0.38 | $0.44 | $0.38 | $0.38 | $0.34 | $0.37 |
Dividend yield | 6.12% | 6.74% | 6.71% | 5.65% | 5.22% | 4.90% | 4.03% | 4.67% | 4.18% | 4.07% | 3.58% | 4.00% |
Monthly Dividends
The table displays the monthly dividend distributions for ICON FlexibleBondFund. 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.17 | ||||||
| 2025 | $0.03 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.07 | $0.58 |
| 2024 | $0.04 | $0.05 | $0.05 | $0.09 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.58 |
| 2023 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.02 | $0.04 | $0.04 | $0.06 | $0.05 | $0.04 | $0.02 | $0.48 |
| 2022 | $0.02 | $0.02 | $0.05 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.06 | $0.44 |
| 2021 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.46 |
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 FlexibleBondFund. 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 FlexibleBondFund was 15.53%, occurring on Mar 24, 2020. Recovery took 118 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -15.53%Mar 2020 | 29d | 5mo 20d | 6mo 19dFeb 2020 - Sep 2020 |
Financial crisis2007–2009 | -8.56%Oct 2008 | 9mo 8d | 6mo 24d | 1y 3moJan 2008 - May 2009 |
Bear market2022 | -8.48%Jun 2022 | 7mo 21d | 1y 5mo | 2y 20dNov 2021 - Nov 2023 |
2004 pullback2004 | -7.19%May 2004 | 1mo 26d | 7mo 6d | 9mo 2dMar 2004 - Dec 2004 |
2011 pullback2011 | -5.02%Oct 2011 | 2mo 6d | 3mo 23d | 5mo 29dAug 2011 - Jan 2012 |
Drawdown Indicators
| IOBZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.53% | -56.78% | +41.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -9.10% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.97% | -18.90% | +15.93% |
Max Drawdown (5Y)Largest decline over 5 years | -8.48% | -25.43% | +16.95% |
Max Drawdown (10Y)Largest decline over 10 years | -15.53% | -33.92% | +18.39% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -10.72% | +9.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.97% | -1.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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