Ironclad Managed Risk Fund (IRONX)
Fund Info
| ISIN | US4614186421 |
|---|---|
| CUSIP | 461418642 |
| Issuer | Blackrock |
| Inception Date | Oct 14, 2010 |
| Category | Options Trading |
| 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 higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Ironclad Managed Risk Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Ironclad Managed Risk Fund had a return of 5.74% year-to-date (YTD) and 13.92% in the last 12 months. Over the past 10 years, Ironclad Managed Risk Fund had an annualized return of 24.28%, outperforming the S&P 500 benchmark which had an annualized return of 10.66%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.74% | 9.31% |
| 1 month | -0.62% | 0.08% |
| 6 months | 11.14% | 19.94% |
| 1 year | 13.92% | 26.02% |
| 5 years (annualized) | 8.17% | 12.62% |
| 10 years (annualized) | 24.28% | 10.66% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.13% | 3.44% | 2.25% | -2.99% | ||||||||
| 2023 | -1.22% | 3.71% | 2.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IRONX is 71, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
IRONX (Ironclad Managed Risk Fund)
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.
Dividends
Dividend History
Ironclad Managed Risk Fund granted a 4.90% dividend yield in the last twelve months. The annual payout for that period amounted to $0.55 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.30 | $1.44 | $0.44 | $12.56 | $0.85 | $1.01 | $0.15 | $0.23 | $0.78 | $0.59 |
Dividend yield | 4.90% | 5.18% | 2.97% | 13.84% | 4.16% | 121.75% | 8.85% | 9.93% | 1.42% | 2.13% | 7.20% | 5.33% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 |
| 2019 | $0.00 | $4.16 | $4.15 | $4.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 |
| 2013 | $0.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 13.71%, occurring on Mar 23, 2020. Recovery took 103 trading sessions.
The current Ironclad Managed Risk Fund drawdown is 1.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.71% | Feb 20, 2020 | 23 | Mar 23, 2020 | 103 | Aug 18, 2020 | 126 |
| -12.87% | Jun 1, 2011 | 48 | Aug 8, 2011 | 94 | Dec 20, 2011 | 142 |
| -9.29% | Aug 18, 2015 | 5 | Aug 24, 2015 | 414 | Apr 17, 2017 | 419 |
| -9.27% | Dec 28, 2021 | 120 | Jun 17, 2022 | 92 | Oct 28, 2022 | 212 |
| -9.09% | Sep 3, 2020 | 14 | Sep 23, 2020 | 131 | Apr 1, 2021 | 145 |
Volatility
Volatility Chart
The current Ironclad Managed Risk Fund volatility is 2.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.