Matisse Discounted Closed-End Fund Strategy (MDCEX)

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The chart shows the growth of an initial investment of $10,000 in Matisse Discounted Closed-End Fund Strategy, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Matisse Discounted Closed-End Fund Strategy (MDCEX) has returned -4.88% so far this year and 18.13% over the past 12 months. Over the last ten years, MDCEX has returned 10.17% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 1, 2012, MDCEX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, your investment would double in approximately 7.4 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.6%, while the worst month was Mar 2020 at -29.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MDCEX closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +7.5%, while the worst single day was Mar 18, 2020 at -16.3%.

Matisse Discounted Closed-End Fund Strategy has an annualized alpha of 1.05%, beta of 0.63, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since November 02, 2012.

• This fund participated in 87.63% of S&P 500 Index downside but only 75.53% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

MDCEX has a high expense ratio of 1.25%, indicating above-average management fees.

MDCEX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Matisse Discounted Closed-End Fund Strategy (MDCEX) and compare them to a chosen benchmark (S&P 500 Index).

Matisse Discounted Closed-End Fund Strategy provided a 12.17% dividend yield over the last twelve months, with an annual payout of $0.88 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Matisse Discounted Closed-End Fund Strategy. 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 Matisse Discounted Closed-End Fund Strategy. 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 Matisse Discounted Closed-End Fund Strategy was 48.68%, occurring on Mar 18, 2020. Recovery took 229 trading sessions.

The current Matisse Discounted Closed-End Fund Strategy drawdown is 8.84%.

The chart below shows the rolling one-month volatility.