Ironclad Managed Risk Fund (IRONX)

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Ironclad Managed Risk Fund (IRONX) is up 4.2% since the beginning of the year. IRONX is currently trading at $14 per share. Investors who bought $1,000 worth of IRONX shares 5 years ago would now be looking at an investment worth $1,586.

Ironclad Managed Risk Fund (IRONX) has returned 4.23% so far this year and 13.48% over the past 12 months. Looking at the last ten years, IRONX has achieved an annualized return of 26.68%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.

Based on dividend-adjusted daily data since Oct 14, 2010, IRONX's average daily return is +0.08%, while the average monthly return is +1.73%. At this rate, an investment would double in approximately 3.4 years.

Historically, 67% of months were positive and 33% were negative. The best month was Feb 2019 with a return of +73.0%, while the worst month was Aug 2015 at -6.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, IRONX closed higher 43% of trading days. The best single day was Feb 7, 2019 with a return of +72.9%, while the worst single day was Aug 8, 2011 at -5.9%.

Ironclad Managed Risk Fund has an annualized alpha of 17.16%, beta of 0.38, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since October 14, 2010.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (82.57%) than losses (38.41%) - typical of diversified or defensive assets.
• Beta of 0.38 may look defensive, but with R2 of 0.04 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 0.04 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.

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

IRONX ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Ironclad Managed Risk Fund provided a 0.06% dividend yield over the last twelve months, with an annual payout of $0.01 per share.

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.

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 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 106 trading sessions.

The current Ironclad Managed Risk Fund drawdown is 1.20%.

The chart below shows the rolling one-month volatility.