- ISIN
- US89832P3661
- Issuer
- Miller Value Funds
- Inception Date
- Dec 30, 1999
- Category
- Mid Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LMOPX Performance Chart
Miller Opportunity Trust (LMOPX) is up 5.7% since the beginning of the year. LMOPX is currently trading at $45 per share. Investors who bought $1,000 worth of LMOPX shares 5 years ago would now be looking at an investment worth $1,160.
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Returns By Period
Miller Opportunity Trust (LMOPX) has returned 5.67% so far this year and 39.88% over the past 12 months. Over the last ten years, LMOPX has returned 12.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Miller Opportunity Trust
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 5.67%
- 6M
- 7.46%
- 1Y
- 39.88%
- 3Y*
- 25.89%
- 5Y*
- 3.02%
- 10Y*
- 12.58%
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%
LMOPX Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 1999, LMOPX's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +24.1%, while the worst month was Mar 2020 at -29.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, LMOPX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +14.8%, while the worst single day was Mar 16, 2020 at -15.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.41% | -2.97% | -5.59% | 12.81% | 2.52% | -2.61% | 5.67% | ||||||
| 2025 | 4.74% | -4.07% | -9.99% | -4.91% | 9.40% | 10.83% | 5.48% | 7.43% | 0.85% | 2.73% | 0.48% | 2.77% | 26.41% |
| 2024 | -1.11% | 6.46% | 6.24% | -5.41% | 3.55% | 0.14% | 2.91% | -0.46% | 3.11% | 3.24% | 9.56% | -4.31% | 25.40% |
| 2023 | 20.77% | -4.63% | -4.50% | -2.00% | 2.19% | 13.22% | 7.85% | -8.01% | -5.26% | -8.31% | 13.55% | 13.15% | 38.10% |
| 2022 | -6.11% | -2.74% | 1.59% | -10.86% | -4.18% | -17.59% | 10.58% | 0.36% | -14.03% | 10.40% | 4.98% | -12.30% | -36.67% |
| 2021 | 7.91% | 7.48% | 0.35% | 3.56% | -0.79% | 1.13% | -6.05% | -4.39% | -4.56% | 1.99% | -7.02% | -2.33% | -3.97% |
Benchmark Metrics
Miller Opportunity Trust has an annualized alpha of 1.08%, beta of 1.27, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since December 31, 1999.
- This fund captured 163.38% of S&P 500 Index gains and 140.90% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 1.08%
- Beta
- 1.27
- R²
- 0.73
- Upside Capture
- 163.38%
- Downside Capture
- 140.90%
Expense Ratio
LMOPX has a high expense ratio of 1.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LMOPX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Miller Opportunity Trust (LMOPX) and compare them to S&P 500 Index.
| LMOPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.93 | -0.31 |
| Martin ratioReturn relative to average drawdown | 9.24 | 13.52 | -4.28 |
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
Miller Opportunity Trust provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $2.82 | $0.45 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 14.45% | 1.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Miller Opportunity Trust. 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 | $0.00 | $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 | $0.00 | $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 | $0.00 | $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 | $2.82 | $2.82 |
| 2021 | $0.45 | $0.45 |
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 Miller Opportunity Trust. 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 Miller Opportunity Trust was 81.54%, occurring on Mar 9, 2009. Recovery took 1338 trading sessions.
The current Miller Opportunity Trust drawdown is 2.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -81.54%Mar 2009 | 1y 7mo | 5y 3mo | 6y 11moJul 2007 - Jul 2014 |
Bear market2022 | -53.03%Dec 2022 | 1y 9mo | 2y 8mo | 4y 5moMar 2021 - Sep 2025 |
COVID crash2020 | -50.92%Mar 2020 | 1y 6mo | 4mo 20d | 1y 11moAug 2018 - Aug 2020 |
Dot-com crash2000–2002 | -45.81%Oct 2002 | 1y 4mo | 8mo 13d | 2y 27dMay 2001 - Jun 2003 |
2016 bear market2016 | -37.79%Feb 2016 | 6mo 12d | 1y 3mo | 1y 9moAug 2015 - May 2017 |
Drawdown Indicators
| LMOPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.54% | -56.78% | -24.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.96% | -9.10% | -6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -29.19% | -18.90% | -10.29% |
Max Drawdown (5Y)Largest decline over 5 years | -52.85% | -25.43% | -27.42% |
Max Drawdown (10Y)Largest decline over 10 years | -53.03% | -33.92% | -19.11% |
Current DrawdownCurrent decline from peak | -2.72% | -0.74% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -21.17% | -10.72% | -10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 1.97% | +2.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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