- ISIN
- US3176096754
- CUSIP
- 317609675
- Issuer
- ALPS
- Inception Date
- Jun 28, 2010
- Category
- Commodities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $16M
Share Price Chart
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Performance
JCRAX Performance Chart
ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) is up 24.9% since the beginning of the year. JCRAX is currently trading at $10 per share. Investors who bought $1,000 worth of JCRAX shares 5 years ago would now be looking at an investment worth $1,756.
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Returns By Period
ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) has returned 24.94% so far this year and 45.59% over the past 12 months. Over the last ten years, JCRAX has returned 8.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund
- 1D
- 0.90%
- 1M
- -0.78%
- YTD
- 24.94%
- 6M
- 26.10%
- 1Y
- 45.59%
- 3Y*
- 17.82%
- 5Y*
- 11.92%
- 10Y*
- 8.53%
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%
JCRAX Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2010, JCRAX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Oct 2011 with a return of +11.1%, while the worst month was Mar 2020 at -18.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 7 months.
On a daily basis, JCRAX closed higher 50% of trading days. The best single day was Dec 9, 2021 with a return of +22.7%, while the worst single day was Dec 10, 2021 at -19.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.62% | 3.46% | 5.29% | 4.00% | -1.97% | 1.71% | 24.94% | ||||||
| 2025 | 3.41% | 0.41% | 3.69% | -4.22% | 1.79% | 3.11% | 0.13% | 4.46% | 3.39% | 2.67% | 2.60% | 1.63% | 25.30% |
| 2024 | -1.54% | -0.85% | 5.02% | 1.50% | 2.29% | -2.63% | -1.76% | -0.96% | 3.33% | -2.02% | 0.82% | -1.58% | 1.32% |
| 2023 | 0.88% | -4.98% | -0.92% | -1.06% | -6.81% | 4.15% | 6.88% | -1.42% | -1.17% | -0.79% | -1.07% | -0.64% | -7.37% |
| 2022 | 6.61% | 6.44% | 10.59% | 0.95% | 2.40% | -12.02% | 4.75% | -0.00% | -9.28% | 3.17% | 4.49% | -3.49% | 12.82% |
| 2021 | 2.50% | 7.46% | -0.25% | 5.70% | 3.95% | 0.81% | 0.80% | 0.23% | 3.28% | 4.05% | -6.00% | 4.03% | 29.21% |
Benchmark Metrics
ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund has an annualized alpha of -1.18%, beta of 0.46, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since July 02, 2010.
- This fund participated in 83.37% of S&P 500 Index downside but only 51.72% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.46 may look defensive, but with R2 of 0.21 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 0.21 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
- -1.18%
- Beta
- 0.46
- R²
- 0.21
- Upside Capture
- 51.72%
- Downside Capture
- 83.37%
Expense Ratio
JCRAX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
JCRAX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) and compare them to S&P 500 Index.
| JCRAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.41 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 7.71 | 2.93 | +4.78 |
| Martin ratioReturn relative to average drawdown | 27.87 | 13.52 | +14.35 |
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
ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund provided a 7.05% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.71 | $0.20 | $0.24 | $0.56 | $1.70 | $0.02 | $0.06 | $0.21 | $0.19 | $0.00 |
Dividend yield | 7.05% | 8.80% | 2.80% | 3.29% | 7.08% | 22.43% | 0.29% | 0.90% | 3.26% | 2.44% | 0.05% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $1.70 |
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 ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy 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 ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund was 62.03%, occurring on Mar 18, 2020. Recovery took 522 trading sessions.
The current ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund drawdown is 2.50%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -62.03%Mar 2020 | 8y 10mo | 2y 25d | 10y 11moMay 2011 - Apr 2022 |
2023 bear market2023 | -26.60%May 2023 | 11mo 27d | 2y 7mo | 3y 6moJun 2022 - Dec 2025 |
Bear market2022 | -10.03%May 2022 | 21d | 28d | 1mo 19dApr 2022 - Jun 2022 |
2010 pullback2010 | -7.18%Nov 2010 | 7d | 1mo 3d | 1mo 10dNov 2010 - Dec 2010 |
2011 pullback2011 | -6.35%Mar 2011 | 9d | 20d | 29dMar 2011 - Apr 2011 |
Drawdown Indicators
| JCRAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -56.78% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -9.10% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.86% | -18.90% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | -25.43% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | -33.92% | -9.22% |
Current DrawdownCurrent decline from peak | -2.50% | -0.74% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -26.39% | -10.72% | -15.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.97% | -0.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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