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Ironclad Managed Risk Fund (IRONX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US4614186421

CUSIP

461418642

Issuer

Blackrock

Inception Date

Oct 14, 2010

Min. Investment

$2,500

Asset Class

Alternatives

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

IRONX has a high expense ratio of 1.25%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Ironclad Managed Risk Fund (IRONX) returned -2.38% year-to-date (YTD) and 6.07% over the past 12 months. Over the past 10 years, IRONX returned 0.75% annually, underperforming the S&P 500 benchmark at 10.45%.


IRONX

YTD

-2.38%

1M

1.28%

6M

-4.24%

1Y

6.07%

5Y*

3.42%

10Y*

0.75%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of IRONX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.56%-1.21%-1.64%-1.66%0.59%-2.38%
20241.13%3.44%2.25%-2.99%2.72%2.56%1.12%1.28%1.43%-0.99%4.60%-2.30%14.89%
20232.37%-1.83%1.87%0.58%0.10%3.54%2.04%-2.09%-1.39%-1.22%3.71%-2.57%4.94%
2022-3.94%-0.50%1.91%-2.76%1.83%-3.69%5.07%-2.27%-2.22%7.42%2.88%-5.50%-2.60%
2021-0.38%0.57%1.71%3.83%-0.00%0.36%1.44%1.15%-2.45%3.68%-0.26%-9.80%-0.86%
20200.00%-3.09%-1.30%2.42%0.10%-0.79%3.18%5.68%-4.92%-0.86%3.67%-2.24%1.35%
20192.92%0.10%0.10%0.10%-1.41%2.56%-0.00%-0.20%0.20%0.50%1.79%2.12%9.04%
20181.47%0.19%-0.48%3.39%1.69%0.18%0.83%0.09%0.00%-0.73%1.01%-12.74%-5.89%
20170.74%0.64%-0.00%0.73%0.54%0.36%0.18%0.27%-0.18%-0.09%0.36%-9.26%-6.00%
2016-3.34%0.67%0.76%0.19%0.66%0.75%0.47%0.18%0.28%-0.37%1.48%-1.18%0.46%
2015-0.55%1.85%-0.18%0.82%1.53%-0.53%1.79%-6.23%1.59%1.38%-0.36%-1.55%-0.74%
2014-0.99%2.82%0.79%0.18%0.53%0.61%-0.61%0.52%-0.09%0.00%0.52%-6.29%-2.25%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of IRONX is 61, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of IRONX is 6161
Overall Rank
The Sharpe Ratio Rank of IRONX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of IRONX is 5858
Sortino Ratio Rank
The Omega Ratio Rank of IRONX is 5959
Omega Ratio Rank
The Calmar Ratio Rank of IRONX is 6969
Calmar Ratio Rank
The Martin Ratio Rank of IRONX is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Ironclad Managed Risk Fund (IRONX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Ironclad Managed Risk Fund Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 0.51
  • 5-Year: 0.30
  • 10-Year: 0.07
  • All Time: 0.13

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Ironclad Managed Risk Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Ironclad Managed Risk Fund provided a 0.19% dividend yield over the last twelve months, with an annual payout of $0.02 per share.


0.00%0.20%0.40%0.60%0.80%1.00%$0.00$0.02$0.04$0.06$0.08$0.10201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019
Dividend$0.02$0.02$0.00$0.00$0.00$0.00$0.10

Dividend yield

0.19%0.19%0.00%0.00%0.00%0.00%1.00%

Monthly Dividends

The table displays the monthly dividend distributions for Ironclad Managed Risk Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02$0.02
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.10$0.10

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 Ironclad Managed Risk 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 Ironclad Managed Risk Fund was 20.55%, occurring on Dec 24, 2018. Recovery took 719 trading sessions.

The current Ironclad Managed Risk Fund drawdown is 5.48%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-20.55%Oct 18, 20121555Dec 24, 2018719Nov 1, 20212274
-19.23%Nov 26, 2021141Jun 17, 2022512Jul 3, 2024653
-12.86%Jun 1, 201148Aug 8, 201187Dec 9, 2011135
-11.68%Dec 12, 202479Apr 8, 2025
-4.75%Jul 17, 202414Aug 5, 202432Sep 19, 202446

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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