IPS Strategic Capital Absolute Return Fund (IPSAX)

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The chart shows the growth of an initial investment of $10,000 in IPS Strategic Capital Absolute Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

IPS Strategic Capital Absolute Return Fund (IPSAX) has returned -9.12% so far this year and 1.57% over the past 12 months.

Based on dividend-adjusted daily data since Apr 18, 2016, IPSAX's average daily return is +4.63%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2023 with a return of +6.8%, while the worst month was Mar 2026 at -8.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, IPSAX closed higher 48% of trading days. The best single day was Jan 22, 2025 with a return of +7,601.6%, while the worst single day was Jan 23, 2025 at -98.7%.

IPS Strategic Capital Absolute Return Fund has an annualized alpha of 6396890.99%, beta of 2.79, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 19, 2016.

• This fund participated in 67.55% of S&P 500 Index downside but only 51.54% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.00 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.

IPSAX has a high expense ratio of 1.50%, indicating above-average management fees.

IPSAX ranks 7 for risk / return — in the bottom 7% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for IPS Strategic Capital Absolute Return Fund (IPSAX) and compare them to a chosen benchmark (S&P 500 Index).

IPS Strategic Capital Absolute Return Fund provided a 16.29% dividend yield over the last twelve months, with an annual payout of $1.49 per share.

The table displays the monthly dividend distributions for IPS Strategic Capital Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the IPS Strategic Capital Absolute Return 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 IPS Strategic Capital Absolute Return Fund was 98.83%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current IPS Strategic Capital Absolute Return Fund drawdown is 98.73%.

The chart below shows the rolling one-month volatility.