- ISIN
- US46144X8002
- CUSIP
- 74925K151
- Issuer
- Orinda Funds
- Inception Date
- Jun 27, 2013
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
OIOIX Performance Chart
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Returns By Period
AXS Income Opportunities Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
OIOIX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.21% | 3.31% | -4.84% | 1.04% | 1.53% | ||||||||
| 2025 | -0.86% | 0.31% | -2.89% | -2.66% | 0.33% | 0.78% | 0.26% | 2.73% | 0.27% | -1.28% | 2.52% | -1.40% | -2.04% |
| 2024 | -0.57% | 0.57% | 0.38% | -2.05% | 3.20% | 0.49% | 2.57% | 3.94% | 4.90% | 0.18% | -0.64% | -4.22% | 8.71% |
| 2023 | 14.12% | -4.00% | -8.50% | 2.25% | -2.06% | 7.51% | 3.51% | 1.13% | -3.20% | -5.34% | 9.30% | 7.93% | 22.13% |
| 2022 | -2.53% | -2.82% | 3.10% | -6.42% | -0.18% | -8.51% | 8.43% | -3.86% | -11.04% | 0.29% | 7.16% | -4.49% | -20.56% |
| 2021 | 0.24% | 4.14% | 4.77% | 4.02% | 1.45% | 2.13% | 0.47% | -0.10% | -1.21% | 1.99% | -2.85% | 4.57% | 21.10% |
Benchmark Metrics
AXS Income Opportunities Fund has an annualized alpha of -2.25%, beta of 0.49, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since July 02, 2013.
- This fund participated in 80.69% of S&P 500 Index downside but only 48.20% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.49 may look defensive, but with R2 of 0.24 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 0.24 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
- -2.25%
- Beta
- 0.49
- R²
- 0.24
- Upside Capture
- 48.20%
- Downside Capture
- 80.69%
Expense Ratio
OIOIX has a high expense ratio of 1.34%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AXS Income Opportunities Fund (OIOIX) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
AXS Income Opportunities Fund provided a 4.87% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.61 | $0.85 | $1.12 | $1.09 | $1.13 | $1.16 | $1.43 | $1.57 | $1.29 | $1.70 | $1.56 |
Dividend yield | 4.87% | 3.98% | 5.23% | 7.08% | 7.77% | 5.98% | 6.96% | 6.51% | 8.10% | 5.63% | 7.43% | 6.92% |
Monthly Dividends
The table displays the monthly dividend distributions for AXS Income Opportunities 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 | $0.14 | $0.00 | $0.14 | ||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.24 | $0.61 |
| 2024 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.85 |
| 2023 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $1.12 |
| 2022 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $1.09 |
| 2021 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.30 | $1.13 |
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 AXS Income Opportunities 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 AXS Income Opportunities Fund was 54.24%, occurring on Mar 18, 2020. Recovery took 1113 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -54.24%Mar 2020 | 26d | 4y 5mo | 4y 6moFeb 2020 - Aug 2024 |
2025 selloff2025 | -17.32%Apr 2025 | 5mo 19d | — | 1y 7moOct 2024 - now |
2016 correction2016 | -14.37%Feb 2016 | 11mo 15d | 4mo 10d | 1y 3moMar 2015 - Jun 2016 |
Rate-hike selloffLate 2018 | -13.23%Dec 2018 | 3mo 21d | 2mo 11d | 6mo 2dSep 2018 - Mar 2019 |
2018 pullback2018 | -7.31%Feb 2018 | 6mo 24d | 6mo 17d | 1y 1moJul 2017 - Aug 2018 |
Drawdown Indicators
| OIOIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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