- ISIN
- US04537V1052
- Issuer
- Aspiriant
- Inception Date
- Apr 3, 2013
- Category
- Global Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RMEAX Performance Chart
Aspiriant Risk-Managed Equity Allocation Fund (RMEAX) is up 7.7% since the beginning of the year. RMEAX is currently trading at $18 per share. Investors who bought $1,000 worth of RMEAX shares 5 years ago would now be looking at an investment worth $1,409.
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Returns By Period
Aspiriant Risk-Managed Equity Allocation Fund (RMEAX) has returned 7.68% so far this year and 19.18% over the past 12 months. Over the last ten years, RMEAX has returned 8.08% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Aspiriant Risk-Managed Equity Allocation Fund
- 1D
- 1.04%
- 1M
- 0.75%
- 6M
- 5.42%
- YTD
- 7.68%
- 1Y
- 19.18%
- 3Y*
- 11.75%
- 5Y*
- 7.10%
- 10Y*
- 8.08%
- ALL TIME*
- 7.09%
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%
RMEAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, RMEAX's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +7.1%, while the worst month was Mar 2020 at -11.4%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RMEAX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +5.8%, while the worst single day was Mar 12, 2020 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.15% | 0.48% | -5.87% | 7.12% | 3.09% | 0.06% | 0.86% | 7.68% | |||||
| 2025 | 3.69% | 0.37% | -2.42% | -0.57% | 3.46% | 3.47% | -0.72% | 2.77% | 2.40% | 0.97% | 2.10% | 1.08% | 17.69% |
| 2024 | 1.86% | 3.32% | 2.16% | -2.12% | 2.75% | 2.42% | 1.31% | 2.76% | 1.55% | -2.12% | 2.41% | -9.22% | 6.55% |
| 2023 | 4.33% | -2.99% | 2.70% | 2.56% | -0.86% | 3.96% | 2.42% | -1.55% | -2.54% | -1.06% | 5.98% | 2.72% | 16.31% |
| 2022 | -3.21% | -3.78% | 0.48% | -4.53% | -0.07% | -4.82% | 3.18% | -3.15% | -7.27% | 5.22% | 6.67% | -2.30% | -13.67% |
| 2021 | -0.50% | 1.01% | 2.94% | 3.69% | 1.88% | -0.07% | 1.12% | 2.02% | -3.96% | 3.79% | -2.24% | 4.54% | 14.78% |
Benchmark Metrics
Aspiriant Risk-Managed Equity Allocation Fund has an annualized alpha of 0.21%, beta of 0.58, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- This fund participated in 77.42% of S&P 500 Index downside but only 64.12% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.58 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.21%
- Beta
- 0.58
- R²
- 0.74
- Upside Capture
- 64.12%
- Downside Capture
- 77.42%
Expense Ratio
RMEAX has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RMEAX 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 Aspiriant Risk-Managed Equity Allocation Fund (RMEAX) 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.
| RMEAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.00 | +0.06 |
| Martin ratioReturn relative to average drawdown | 9.04 | 8.49 | +0.55 |
Dividends
Dividend History
Aspiriant Risk-Managed Equity Allocation Fund provided a 10.96% dividend yield over the last twelve months, with an annual payout of $1.92 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.92 | $1.92 | $0.00 | $0.77 | $0.28 | $0.38 | $0.23 | $0.64 | $0.55 | $0.35 | $0.25 | $0.19 |
Dividend yield | 10.96% | 11.80% | 0.00% | 5.30% | 2.16% | 2.46% | 1.64% | 4.69% | 4.53% | 2.67% | 2.27% | 1.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Aspiriant Risk-Managed Equity Allocation 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $1.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
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 Aspiriant Risk-Managed Equity Allocation 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 Aspiriant Risk-Managed Equity Allocation Fund was 23.70%, occurring on Mar 20, 2020. Recovery took 180 trading sessions.
The current Aspiriant Risk-Managed Equity Allocation Fund drawdown is 0.23%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-23.70%Mar 2020 | 1mo 29d | 8mo 19d | 10mo 18dJan 2020 - Dec 2020 | COVID crash2020 |
-21.79%Oct 2022 | 9mo 11d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 | Bear market2022 |
-16.49%Apr 2025 | 3mo 29d | 5mo 3d | 9mo 2dDec 2024 - Sep 2025 | 2025 selloff2025 |
-13.86%Feb 2016 | 8mo 25d | 6mo 2d | 1y 2moMay 2015 - Aug 2016 | — |
-11.04%Jan 2019 | 11mo 9d | 5mo 18d | 1y 4moJan 2018 - Jun 2019 | — |
Drawdown Indicators
| RMEAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -56.78% | +33.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.41% | -9.10% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -18.90% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.79% | -25.43% | +3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -23.70% | -33.92% | +10.22% |
Current DrawdownCurrent decline from peak | -0.23% | -1.58% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -10.70% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.14% | -0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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