- ISIN
- US3176098164
- CUSIP
- 317609816
- Issuer
- ALPS
- Inception Date
- Dec 30, 2007
- Category
- Global Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $9M
Share Price Chart
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Performance
LPEFX Performance Chart
ALPS/Red Rocks Global Opportunity Fund (LPEFX) is down 7.0% since the beginning of the year. LPEFX is currently trading at $5 per share. Investors who bought $1,000 worth of LPEFX shares 5 years ago would now be looking at an investment worth $1,136.
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Returns By Period
ALPS/Red Rocks Global Opportunity Fund (LPEFX) has returned -7.03% so far this year and -3.95% over the past 12 months. Over the last ten years, LPEFX has returned 9.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ALPS/Red Rocks Global Opportunity Fund
- 1D
- 0.00%
- 1M
- 1.34%
- YTD
- -7.03%
- 6M
- -7.68%
- 1Y
- -3.95%
- 3Y*
- 8.37%
- 5Y*
- 2.59%
- 10Y*
- 9.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LPEFX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2007, LPEFX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +27.1%, while the worst month was Oct 2008 at -33.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LPEFX closed higher 50% of trading days. The best single day was Dec 9, 2021 with a return of +27.4%, while the worst single day was Dec 10, 2021 at -22.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.23% | -8.72% | -6.04% | 7.47% | 3.28% | -1.12% | -7.03% | ||||||
| 2025 | 5.54% | -3.21% | -5.87% | 1.60% | 2.20% | 2.93% | 0.30% | 1.04% | -1.92% | -3.31% | -0.62% | 3.15% | 1.25% |
| 2024 | 0.78% | 3.12% | 2.42% | -2.06% | 4.97% | -1.29% | 5.96% | 0.55% | 2.05% | -2.14% | 7.10% | -4.30% | 17.78% |
| 2023 | 8.94% | -2.27% | -2.14% | 2.55% | 0.18% | 4.26% | 3.75% | -1.31% | -1.33% | -4.89% | 11.88% | 6.96% | 28.31% |
| 2022 | -7.04% | -4.08% | 0.15% | -10.61% | -0.34% | -11.22% | 10.15% | -6.61% | -11.92% | 7.61% | 8.84% | -5.05% | -28.82% |
| 2021 | -2.50% | 3.77% | 2.21% | 6.86% | 1.07% | 1.41% | 3.94% | 2.23% | -4.26% | 7.07% | -3.51% | 3.91% | 23.70% |
Benchmark Metrics
ALPS/Red Rocks Global Opportunity Fund has an annualized alpha of -1.86%, beta of 0.78, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since December 31, 2007.
- This fund participated in 122.89% of S&P 500 Index downside but only 103.53% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.50 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.86%
- Beta
- 0.78
- R²
- 0.50
- Upside Capture
- 103.53%
- Downside Capture
- 122.89%
Expense Ratio
LPEFX has a high expense ratio of 1.46%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LPEFX ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LPEFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.78 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.44 | 12.44 | -12.88 |
Dividends
Dividend History
ALPS/Red Rocks Global Opportunity Fund provided a 16.54% dividend yield over the last twelve months, with an annual payout of $0.87 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.87 | $0.87 | $1.04 | $0.35 | $0.00 | $1.98 | $0.30 | $1.59 | $0.27 | $0.95 | $0.10 | $0.50 |
Dividend yield | 16.54% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/Red Rocks Global Opportunity 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 | $0.87 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | $1.98 |
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/Red Rocks Global Opportunity 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/Red Rocks Global Opportunity Fund was 77.00%, occurring on Mar 9, 2009. Recovery took 2000 trading sessions.
The current ALPS/Red Rocks Global Opportunity Fund drawdown is 18.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -77.00%Mar 2009 | 1y 2mo | 7y 11mo | 9y 1moJan 2008 - Feb 2017 |
Bear market2022 | -49.19%Oct 2022 | 10mo 6d | — | 4y 6moDec 2021 - now |
COVID crash2020 | -46.42%Mar 2020 | 1mo 2d | 8mo 16d | 9mo 18dFeb 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -21.62%Dec 2018 | 10mo 29d | 6mo 20d | 1y 5moJan 2018 - Jul 2019 |
2019 pullback2019 | -7.38%Dec 2019 | 0s | 2mo 6d | 2mo 6dDec 2019 - Feb 2020 |
Drawdown Indicators
| LPEFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -56.78% | -20.22% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -9.10% | -12.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -18.90% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -49.19% | -25.43% | -23.76% |
Max Drawdown (10Y)Largest decline over 10 years | -49.19% | -33.92% | -15.27% |
Current DrawdownCurrent decline from peak | -18.75% | -1.80% | -16.95% |
Average DrawdownAverage peak-to-trough decline | -22.75% | -10.71% | -12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.62% | 2.03% | +7.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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