- ISIN
- US66538R7970
- CUSIP
- 66538R797
- Issuer
- Swan
- Inception Date
- Dec 26, 2018
- Category
- Options Trading
- Min. Investment
- $100,000
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
Share Price Chart
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Performance
SDAIX Performance Chart
Swan Defined Risk Growth Fund (SDAIX) is up 4.8% since the beginning of the year. SDAIX is currently trading at $17 per share. Investors who bought $1,000 worth of SDAIX shares 5 years ago would now be looking at an investment worth $1,396.
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Returns By Period
Swan Defined Risk Growth Fund (SDAIX) has returned 4.78% so far this year and 15.37% over the past 12 months.
Swan Defined Risk Growth Fund
- 1D
- 1.59%
- 1M
- -0.60%
- 6M
- 3.80%
- YTD
- 4.78%
- 1Y
- 15.37%
- 3Y*
- 12.40%
- 5Y*
- 6.90%
- 10Y*
- —
- ALL TIME*
- 10.98%
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%
SDAIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2019, SDAIX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +8.4%, while the worst month was Apr 2022 at -7.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SDAIX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +6.3%, while the worst single day was Mar 16, 2020 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.94% | -0.62% | -5.08% | 7.46% | 4.00% | -0.95% | -0.60% | 4.78% | |||||
| 2025 | 2.37% | -1.12% | -4.26% | 1.19% | 2.86% | 2.85% | 1.45% | 2.05% | 3.41% | 2.59% | 0.50% | -0.31% | 14.14% |
| 2024 | 0.49% | 3.90% | 3.05% | -4.48% | 3.97% | 3.21% | 0.07% | 1.26% | 2.49% | -0.29% | 3.93% | -4.13% | 13.81% |
| 2023 | 3.10% | -2.15% | 2.70% | 2.06% | 1.46% | 2.47% | 1.34% | 0.79% | -3.68% | -0.75% | 4.40% | 3.71% | 16.25% |
| 2022 | -4.54% | -2.28% | 2.53% | -7.28% | -1.57% | -6.45% | 4.45% | -3.84% | -5.47% | 7.42% | 3.42% | -4.64% | -17.87% |
| 2021 | 0.22% | 1.63% | 2.56% | 4.21% | 0.55% | 2.18% | 2.33% | 3.12% | -4.16% | 6.06% | -0.50% | 2.99% | 22.93% |
Benchmark Metrics
Swan Defined Risk Growth Fund has an annualized alpha of 0.59%, beta of 0.66, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since January 02, 2019.
- This fund participated in 76.63% of S&P 500 Index downside but only 67.30% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.66 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
- 0.59%
- Beta
- 0.66
- R²
- 0.92
- Upside Capture
- 67.30%
- Downside Capture
- 76.63%
Expense Ratio
SDAIX has a high expense ratio of 1.40%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SDAIX ranks 37 for risk / return — above 37% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Swan Defined Risk Growth Fund (SDAIX) 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.
| SDAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.00 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.79 | 8.49 | -1.70 |
Dividends
Dividend History
Swan Defined Risk Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $3.53 | $0.00 | $0.00 | $0.08 | $0.20 |
Dividend yield | 0.00% | 0.00% | 0.00% | 28.80% | 0.00% | 0.00% | 0.62% | 1.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Swan Defined Risk Growth 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 | $0.00 | $0.00 |
| 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 | $3.53 | $3.53 |
| 2022 | $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 |
| 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 | $0.00 |
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 Swan Defined Risk Growth 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 Swan Defined Risk Growth Fund was 24.26%, occurring on Mar 23, 2020. Recovery took 106 trading sessions.
The current Swan Defined Risk Growth Fund drawdown is 2.00%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-24.26%Mar 2020 | 1mo 2d | 5mo 1d | 6mo 3dFeb 2020 - Aug 2020 | COVID crash2020 |
-22.89%Sep 2022 | 9mo 6d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 | Bear market2022 |
-14.25%Apr 2025 | 3mo 27d | 3mo 16d | 7mo 13dDec 2024 - Jul 2025 | 2025 selloff2025 |
-8.85%Aug 2024 | 19d | 1mo 19d | 2mo 8dJul 2024 - Sep 2024 | — |
-8.37%Mar 2026 | 1mo 25d | 18d | 2mo 13dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| SDAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.26% | -56.78% | +32.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -9.10% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -18.90% | +4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -25.43% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.00% | -1.58% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -10.70% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.14% | -0.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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