- ISIN
- US89832P8793
- CUSIP
- 89832P879
- Issuer
- BlackRock
- Inception Date
- Nov 16, 1998
- Category
- Financials Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
SBFAX Performance Chart
1919 Financial Services Fund (SBFAX) is down 2.3% since the beginning of the year. SBFAX is currently trading at $26 per share. Investors who bought $1,000 worth of SBFAX shares 5 years ago would now be looking at an investment worth $1,228.
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Returns By Period
1919 Financial Services Fund (SBFAX) has returned -2.27% so far this year and 2.24% over the past 12 months. Over the last ten years, SBFAX has returned 8.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
1919 Financial Services Fund
- 1D
- -0.54%
- 1M
- 1.85%
- YTD
- -2.27%
- 6M
- -3.73%
- 1Y
- 2.24%
- 3Y*
- 13.48%
- 5Y*
- 4.20%
- 10Y*
- 8.86%
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%
SBFAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 1999, SBFAX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Dec 2000 with a return of +17.2%, while the worst month was Mar 2020 at -23.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SBFAX closed higher 51% of trading days. The best single day was Dec 8, 2006 with a return of +20.4%, while the worst single day was Mar 16, 2020 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.76% | -2.25% | -3.63% | 4.21% | -2.80% | 3.19% | -2.27% | ||||||
| 2025 | 4.38% | 1.29% | -3.95% | -4.65% | 4.17% | 2.87% | -2.19% | 4.52% | -1.95% | -5.50% | 2.84% | 3.18% | 4.29% |
| 2024 | -0.39% | 1.65% | 4.82% | -5.37% | 4.20% | -0.26% | 9.28% | 2.88% | -0.23% | 3.40% | 10.61% | -6.74% | 24.86% |
| 2023 | 4.76% | -1.59% | -14.48% | -0.73% | -5.77% | 5.99% | 8.50% | -3.97% | -4.06% | -3.05% | 11.03% | 7.90% | 1.50% |
| 2022 | -1.25% | -1.48% | -2.15% | -8.25% | 2.46% | -8.11% | 6.21% | -2.05% | -6.07% | 10.89% | 2.58% | -5.89% | -13.99% |
| 2021 | -0.60% | 13.96% | 4.80% | 4.76% | 2.06% | -4.19% | -1.32% | 2.85% | 0.72% | 5.45% | -3.78% | 3.63% | 30.74% |
Benchmark Metrics
1919 Financial Services Fund has an annualized alpha of 3.11%, beta of 0.87, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since January 04, 1999.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (82.57%) than losses (74.98%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.11% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.87 and R2 of 0.63, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.11%
- Beta
- 0.87
- R²
- 0.63
- Upside Capture
- 82.57%
- Downside Capture
- 74.98%
Expense Ratio
SBFAX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SBFAX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for 1919 Financial Services Fund (SBFAX) 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.
| SBFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 2.78 | -2.54 |
| Martin ratioReturn relative to average drawdown | 0.55 | 12.44 | -11.89 |
Dividends
Dividend History
1919 Financial Services Fund provided a 14.84% dividend yield over the last twelve months, with an annual payout of $3.84 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.84 | $3.84 | $3.08 | $2.80 | $0.68 | $1.62 | $1.37 | $1.09 | $0.36 | $0.00 | $0.69 | $1.40 |
Dividend yield | 14.84% | 14.51% | 10.60% | 10.93% | 2.40% | 4.83% | 5.09% | 3.84% | 1.58% | 0.00% | 2.93% | 7.25% |
Monthly Dividends
The table displays the monthly dividend distributions for 1919 Financial Services 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.84 | $3.84 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.08 | $3.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.80 | $2.80 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
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 1919 Financial Services 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 1919 Financial Services Fund was 49.33%, occurring on Mar 9, 2009. Recovery took 964 trading sessions.
The current 1919 Financial Services Fund drawdown is 5.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.33%Mar 2009 | 1y 9mo | 3y 10mo | 5y 7moJun 2007 - Jan 2013 |
COVID crash2020 | -43.58%Mar 2020 | 1mo 1d | 9mo 19d | 10mo 20dFeb 2020 - Jan 2021 |
2023 bear market2023 | -33.94%May 2023 | 1y 3mo | 1y 5mo | 2y 9moJan 2022 - Oct 2024 |
Rate-hike selloffLate 2018 | -25.88%Dec 2018 | 6mo 16d | 11mo 23d | 1y 6moJun 2018 - Dec 2019 |
Dot-com crash2000–2002 | -25.68%Mar 2000 | 1y 2mo | 5mo 26d | 1y 8moJan 1999 - Sep 2000 |
Drawdown Indicators
| SBFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.33% | -56.78% | +7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -9.10% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -18.90% | +2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -25.43% | -8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -43.58% | -33.92% | -9.66% |
Current DrawdownCurrent decline from peak | -5.23% | -1.80% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -10.71% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 2.03% | +2.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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