- ISIN
- US9114768511
- CUSIP
- 911476851
- Issuer
- US Global
- Inception Date
- Dec 3, 1990
- Category
- Municipal Bonds
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
NEARX Performance Chart
U.S. Global Investors Near-Term Tax Free Fund (NEARX) is up 1.0% since the beginning of the year. NEARX is currently trading at $2 per share. Investors who bought $1,000 worth of NEARX shares 5 years ago would now be looking at an investment worth $1,039.
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Returns By Period
U.S. Global Investors Near-Term Tax Free Fund (NEARX) has returned 1.04% so far this year and 3.01% over the past 12 months. Over the last ten years, NEARX has returned 1.06% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
U.S. Global Investors Near-Term Tax Free Fund
- 1D
- 0.48%
- 1M
- 1.18%
- YTD
- 1.04%
- 6M
- 1.27%
- 1Y
- 3.01%
- 3Y*
- 2.98%
- 5Y*
- 0.76%
- 10Y*
- 1.06%
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%
NEARX Monthly Returns History
Based on dividend-adjusted daily data since Nov 30, 1990, NEARX's average daily return is +0.07%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 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 Apr 17, 1997 with a return of +399.0%, while the worst single day was Jan 2, 1991 at -80.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.67% | 0.66% | -1.17% | 0.20% | 0.22% | 0.48% | 1.04% | ||||||
| 2025 | 0.66% | 0.68% | -0.27% | -0.28% | 0.69% | 0.20% | 0.68% | 0.21% | 0.69% | -0.26% | 0.20% | 0.23% | 3.47% |
| 2024 | 0.21% | -0.27% | 0.19% | -0.27% | 0.20% | 0.67% | 0.71% | 0.22% | 0.67% | -0.27% | 0.40% | -0.27% | 2.19% |
| 2023 | 0.65% | -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% |
| 2021 | 0.07% | -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 18.30%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 30, 1990.
- This fund captured 8.50% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -24.45%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 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
- 18.30%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 8.50%
- Downside Capture
- -24.45%
Expense Ratio
NEARX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NEARX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
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 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.
| NEARX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.78 | -0.71 |
| Martin ratioReturn relative to average drawdown | 5.39 | 12.44 | -7.05 |
Dividends
Dividend History
U.S. Global Investors Near-Term Tax Free Fund provided a 2.49% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.49% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 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 1519 trading sessions.
The current U.S. Global Investors Near-Term Tax Free Fund drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
1991 bear market1991 | -80.12%Jan 1991 | 7d | 6y 10d | 6y 17dJan 1991 - Jan 1997 |
1997 bear market1997 | -79.96%Apr 1997 | 0s | 12y 3mo | 12y 3moApr 1997 - Aug 2009 |
Bear market2022 | -6.91%Sep 2022 | 1y 4d | 2y 5mo | 3y 5moSep 2021 - Feb 2025 |
COVID crash2020 | -6.19%Mar 2020 | 10d | 4mo 11d | 4mo 21dMar 2020 - Jul 2020 |
2013 pullback2013 | -2.46%Jun 2013 | 1mo 19d | 5mo 26d | 7mo 15dMay 2013 - Dec 2013 |
Drawdown Indicators
| NEARX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -56.78% | -23.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -9.10% | +7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -1.45% | -18.90% | +17.45% |
Max Drawdown (5Y)Largest decline over 5 years | -6.91% | -25.43% | +18.52% |
Max Drawdown (10Y)Largest decline over 10 years | -6.91% | -33.92% | +27.01% |
Current DrawdownCurrent decline from peak | -0.29% | -1.80% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -20.80% | -10.71% | -10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.03% | -1.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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