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U.S. Global Investors Near-Term Tax Free Fund (NEA...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US9114768511
CUSIP
911476851
Issuer
US Global
Inception Date
Dec 3, 1990
Min. Investment
$5,000
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in U.S. Global Investors Near-Term Tax Free Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

U.S. Global Investors Near-Term Tax Free Fund (NEARX) has returned -0.09% so far this year and 2.28% over the past 12 months. Over the last ten years, NEARX has returned 1.01% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


U.S. Global Investors Near-Term Tax Free Fund

1D
0.00%
1M
-1.41%
YTD
-0.09%
6M
0.07%
1Y
2.28%
3Y*
2.54%
5Y*
0.66%
10Y*
1.01%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 30, 1990, NEARX's average daily return is +0.25%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.

Historically, 79% of months were positive and 21% were negative. The best month was Dec 1993 with a return of +6.9%, while the worst month was Jan 1991 at -79.8%. The longest winning streak lasted 112 consecutive months, and the longest losing streak was 5 months.

On a daily basis, NEARX closed higher 11% of trading days. The best single day was Jun 25, 1996 with a return of +401.0%, while the worst single day was Feb 20, 1996 at -80.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.67%0.66%-1.41%-0.09%
20250.66%0.68%-0.27%-0.28%0.69%0.20%0.68%0.21%0.69%-0.26%0.20%0.23%3.47%
20240.21%-0.27%0.19%-0.27%0.20%0.67%0.71%0.22%0.67%-0.27%0.40%-0.27%2.19%
20230.65%-0.80%1.10%-0.33%-0.32%0.64%-0.32%0.17%-0.31%0.84%1.34%0.36%3.04%
2022-1.75%-0.39%-1.78%-1.34%1.00%-0.42%1.47%-1.35%-1.82%0.11%0.65%0.33%-5.25%
20210.07%-0.81%0.10%0.53%-0.38%0.07%0.52%0.06%-0.82%0.07%0.07%0.06%-0.46%

Benchmark Metrics

U.S. Global Investors Near-Term Tax Free Fund has an annualized alpha of 86.57%, beta of -0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 03, 1990.

  • This fund captured 8.46% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -24.68%) — a profile typical of hedging or uncorrelated assets.
  • Beta of -0.01 may look defensive, but with R² of 0.00 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 0.00 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.

Alpha
86.57%
Beta
-0.01
0.00
Upside Capture
8.46%
Downside Capture
-24.68%

Expense Ratio

NEARX has an expense ratio of 0.45%, placing it in the medium range.


Return for Risk

Risk / Return Rank

NEARX ranks 63 for risk / return — better than 63% 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.


NEARX Risk / Return Rank: 6363
Overall Rank
NEARX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
NEARX Sortino Ratio Rank: 5252
Sortino Ratio Rank
NEARX Omega Ratio Rank: 8686
Omega Ratio Rank
NEARX Calmar Ratio Rank: 7474
Calmar Ratio Rank
NEARX Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for U.S. Global Investors Near-Term Tax Free Fund (NEARX) and compare them to a chosen benchmark (S&P 500 Index).


NEARXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.95

0.90

+0.05

Sortino ratio

Return per unit of downside risk

1.47

1.39

+0.08

Omega ratio

Gain probability vs. loss probability

1.37

1.21

+0.16

Calmar ratio

Return relative to maximum drawdown

1.75

1.40

+0.35

Martin ratio

Return relative to average drawdown

5.70

6.61

-0.91

Explore NEARX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

U.S. Global Investors Near-Term Tax Free Fund provided a 2.26% dividend yield over the last twelve months, with an annual payout of $0.05 per share.


1.00%1.50%2.00%2.50%$0.00$0.01$0.02$0.03$0.04$0.05$0.0620152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.05$0.05$0.06$0.05$0.02$0.02$0.02$0.03$0.04$0.03$0.03$0.04

Dividend yield

2.26%2.45%2.65%2.50%1.10%0.88%1.10%1.46%2.01%1.47%1.36%1.83%

Monthly Dividends

The table displays the monthly dividend distributions for U.S. Global Investors Near-Term Tax Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.01
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.05
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.06
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.01$0.01$0.05
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.02
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02

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 U.S. Global Investors Near-Term Tax Free 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 U.S. Global Investors Near-Term Tax Free Fund was 80.12%, occurring on Jan 9, 1991. Recovery took 920 trading sessions.

The current U.S. Global Investors Near-Term Tax Free Fund drawdown is 1.41%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-80.12%Jan 2, 19916Jan 9, 1991920Aug 29, 1994926
-80.09%Feb 20, 19961Feb 20, 199688Jun 25, 199689
-80.04%Jul 29, 19961Jul 29, 1996182Apr 17, 1997183
-80.04%Aug 30, 19941Aug 30, 1994293Oct 26, 1995294
-79.98%Oct 27, 19951Oct 27, 199577Feb 16, 199678

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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