Longboard Fund (LONGX)

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Longboard Fund (LONGX) is up 13.3% since the beginning of the year. LONGX is currently trading at $17 per share. Investors who bought $1,000 worth of LONGX shares 5 years ago would now be looking at an investment worth $1,268.

Longboard Fund (LONGX) has returned 13.28% so far this year and 17.85% over the past 12 months. Looking at the last ten years, LONGX has achieved an annualized return of 24.49%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.

Based on dividend-adjusted daily data since Mar 20, 2015, LONGX's average daily return is +0.22%, while the average monthly return is +2.72%. At this rate, an investment would double in approximately 2.2 years.

Historically, 60% of months were positive and 40% were negative. The best month was Feb 2018 with a return of +274.3%, while the worst month was Feb 2020 at -14.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, LONGX closed higher 52% of trading days. The best single day was Feb 23, 2018 with a return of +303.4%, while the worst single day was Dec 11, 2017 at -75.4%.

Longboard Fund has an annualized alpha of 59.07%, beta of 0.66, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 20, 2015.

• This fund captured 55.01% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -31.34%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.66 may look defensive, but with R2 of 0.01 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 0.01 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.

LONGX has a high expense ratio of 1.99%, indicating above-average management fees.

LONGX ranks 59 for risk / return — above 59% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.

Longboard Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Longboard 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 Longboard 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 Longboard Fund was 77.16%, occurring on Feb 8, 2018. Recovery took 78 trading sessions.

The current Longboard Fund drawdown is 1.39%.

The chart below shows the rolling one-month volatility.