- ISIN
- US57681H1086
- CUSIP
- 57681H108
- Issuer
- Matrix
- Inception Date
- Oct 13, 2016
- Category
- Large Cap Value Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
MADFX Performance Chart
Matrix Advisors Dividend Fund (MADFX) is up 13.6% since the beginning of the year. MADFX is currently trading at $39 per share. Investors who bought $1,000 worth of MADFX shares 5 years ago would now be looking at an investment worth $1,699.
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Returns By Period
Matrix Advisors Dividend Fund (MADFX) has returned 13.56% so far this year and 21.86% over the past 12 months.
Matrix Advisors Dividend Fund
- 1D
- 0.59%
- 1M
- 1.03%
- 6M
- 7.34%
- YTD
- 13.56%
- 1Y
- 21.86%
- 3Y*
- 16.23%
- 5Y*
- 11.18%
- 10Y*
- —
- ALL TIME*
- 10.57%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MADFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, MADFX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +11.2%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MADFX closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +9.0%, while the worst single day was Mar 16, 2020 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.79% | 1.19% | -5.38% | 7.91% | 0.71% | -0.18% | 3.35% | 13.56% | |||||
| 2025 | 5.61% | 1.63% | -3.65% | -4.28% | 4.60% | 4.82% | 0.75% | 3.67% | -0.13% | -0.61% | 2.72% | 0.62% | 16.30% |
| 2024 | 0.52% | 0.79% | 4.22% | -4.79% | 4.51% | -0.40% | 6.19% | 3.54% | 1.52% | 0.84% | 3.80% | -6.52% | 14.30% |
| 2023 | 5.63% | -3.22% | -3.66% | 1.05% | -5.65% | 4.75% | 6.05% | -3.69% | -3.54% | -2.61% | 7.21% | 7.24% | 8.49% |
| 2022 | 0.29% | -1.45% | -0.59% | -5.11% | 4.69% | -6.64% | 3.93% | -2.51% | -7.72% | 7.88% | 8.95% | -4.61% | -4.47% |
| 2021 | -0.89% | 2.51% | 7.28% | 2.19% | 2.74% | -0.92% | 0.80% | 2.10% | -2.53% | 4.18% | -1.67% | 6.50% | 24.08% |
Benchmark Metrics
Matrix Advisors Dividend Fund has an annualized alpha of -0.07%, beta of 0.81, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 88.99% of S&P 500 Index downside but only 80.53% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.07%
- Beta
- 0.81
- R²
- 0.79
- Upside Capture
- 80.53%
- Downside Capture
- 88.99%
Expense Ratio
MADFX has a high expense ratio of 1.23%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MADFX ranks 65 for risk / return — above 65% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Matrix Advisors Dividend Fund (MADFX) 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.
| MADFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.00 | +0.20 |
| Martin ratioReturn relative to average drawdown | 8.10 | 8.49 | -0.40 |
Dividends
Dividend History
Matrix Advisors Dividend Fund provided a 7.37% dividend yield over the last twelve months, with an annual payout of $2.89 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.89 | $2.88 | $0.67 | $0.61 | $2.25 | $0.85 | $0.67 | $0.86 | $0.57 | $0.59 |
Dividend yield | 7.37% | 8.26% | 2.06% | 2.10% | 8.23% | 2.74% | 2.61% | 3.25% | 2.65% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Matrix Advisors Dividend 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 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.34 | |||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $2.37 | $2.88 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.67 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $1.82 | $2.25 |
| 2021 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.37 | $0.85 |
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 Matrix Advisors Dividend 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 Matrix Advisors Dividend Fund was 33.17%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Matrix Advisors Dividend Fund drawdown is 0.53%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.17%Mar 2020 | 2mo 2d | 9mo 19d | 11mo 21dJan 2020 - Jan 2021 | COVID crash2020 |
-18.74%Oct 2022 | 8mo 27d | 1y 2mo | 1y 11moJan 2022 - Jan 2024 | Bear market2022 |
-17.33%Dec 2018 | 10mo 29d | 4mo | 1y 2moJan 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-14.05%Apr 2025 | 1mo 6d | 2mo 19d | 3mo 25dMar 2025 - Jun 2025 | 2025 selloff2025 |
-8.81%Mar 2026 | 1mo 16d | 1mo 4d | 2mo 20dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| MADFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.17% | -56.78% | +23.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -9.10% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -18.90% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -25.43% | +6.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.53% | -1.58% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -10.70% | +6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.14% | +0.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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