- ISIN
- US92046L6011
- CUSIP
- 92046L601
- Issuer
- Long Short Advisors
- Inception Date
- Sep 28, 2010
- Category
- Long-Short
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LSOFX Performance Chart
LS Opportunity Fund - Institutional Class (LSOFX) is up 6.1% since the beginning of the year. LSOFX is currently trading at $15 per share. Investors who bought $1,000 worth of LSOFX shares 5 years ago would now be looking at an investment worth $1,348.
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Returns By Period
LS Opportunity Fund - Institutional Class (LSOFX) has returned 6.08% so far this year and 7.45% over the past 12 months. Over the last ten years, LSOFX has returned 7.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.49% annually.
LS Opportunity Fund - Institutional Class
- 1D
- 0.47%
- 1M
- 3.29%
- 6M
- 5.09%
- YTD
- 6.08%
- 1Y
- 7.45%
- 3Y*
- 7.45%
- 5Y*
- 6.16%
- 10Y*
- 7.15%
- ALL TIME*
- 6.67%
Benchmark (S&P 500 Index)
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
LSOFX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2010, LSOFX'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, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +6.6%, while the worst month was Mar 2020 at -7.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LSOFX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.1%, while the worst single day was Mar 16, 2020 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.55% | -0.82% | -1.27% | 3.46% | -0.86% | 0.35% | 3.17% | 0.47% | 6.08% | ||||
| 2025 | 1.43% | 0.49% | -1.19% | -1.64% | 2.05% | 1.52% | -0.11% | 0.59% | 0.32% | -2.13% | 2.50% | 0.05% | 3.85% |
| 2024 | 2.01% | 2.37% | 2.71% | -1.93% | 0.56% | -0.67% | 2.47% | 2.19% | 1.66% | -1.90% | 2.96% | -4.16% | 8.28% |
| 2023 | 3.60% | -0.88% | -1.98% | 2.08% | -3.00% | 4.60% | 2.26% | 0.98% | -1.95% | -0.62% | 3.68% | 2.05% | 11.00% |
| 2022 | -0.66% | -0.55% | 0.98% | -4.35% | 2.08% | -4.95% | 2.67% | -2.03% | -3.62% | 6.11% | 3.54% | -1.76% | -3.12% |
| 2021 | -1.62% | 4.42% | 2.65% | 3.63% | 1.01% | -1.70% | -0.96% | 0.72% | -1.32% | 3.46% | -2.23% | 4.05% | 12.42% |
Benchmark Metrics
LS Opportunity Fund - Institutional Class has an annualized alpha of 0.24%, beta of 0.50, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since September 30, 2010.
- This fund participated in 53.18% of S&P 500 Index downside but only 46.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.24%
- Beta
- 0.50
- R²
- 0.72
- Upside Capture
- 46.14%
- Downside Capture
- 53.18%
Expense Ratio
LSOFX has a high expense ratio of 1.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LSOFX ranks 26 for risk / return — above 26% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for LS Opportunity Fund - Institutional Class (LSOFX) 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.
| LSOFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.45 | -0.94 |
| Martin ratioReturn relative to average drawdown | 4.40 | 10.40 | -6.00 |
Dividends
Dividend History
LS Opportunity Fund - Institutional Class provided a 31.65% dividend yield over the last twelve months, with an annual payout of $4.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.77 | $0.87 | $0.18 | $0.00 | $0.81 | $0.72 | $0.20 | $0.35 | $0.35 | $0.54 | $0.00 | $0.78 |
Dividend yield | 31.65% | 4.81% | 0.98% | 0.00% | 5.27% | 4.35% | 1.28% | 2.35% | 2.71% | 3.91% | 0.00% | 6.74% |
Monthly Dividends
The table displays the monthly dividend distributions for LS Opportunity Fund - Institutional Class. 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 | $3.90 | $0.00 | $0.00 | $3.90 | ||||
| 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 | $0.18 | $0.18 |
| 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 | $0.81 | $0.81 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
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 LS Opportunity Fund - Institutional Class. 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 LS Opportunity Fund - Institutional Class was 22.05%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.05%Mar 2020 | 1mo 1d | 7mo 28d | 8mo 29dFeb 2020 - Nov 2020 | COVID crash2020 |
-13.00%Sep 2022 | 8mo 16d | 9mo 27d | 1y 6moJan 2022 - Jul 2023 | Bear market2022 |
-12.64%Nov 2011 | 6mo 25d | 1y 2mo | 1y 9moMay 2011 - Feb 2013 | — |
-11.56%Dec 2018 | 3mo 1d | 3mo 19d | 6mo 20dSep 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-11.04%Jan 2016 | 10mo 3d | 9mo 24d | 1y 7moMar 2015 - Nov 2016 | — |
Drawdown Indicators
| LSOFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -56.78% | +34.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.36% | -9.10% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -10.43% | -18.90% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -25.43% | +12.43% |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | -33.92% | +11.87% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -10.70% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.14% | -0.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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