Swan Defined Risk Fund (SDRIX)
The fund seeks to achieve its investment objective by investing directly, or indirectly through exchange traded funds ("ETFs"), in equity securities that are represented in the S&P 500 Index, exchange-traded long-term put options on the S&P 500 Index for hedging purposes, and buying and selling exchange-traded put and call options on various equity indices to generate additional returns.
Fund Info
US66538E6068
66538E606
Jul 29, 2012
$100,000
Expense Ratio
SDRIX has a high expense ratio of 1.18%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Swan Defined Risk Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Swan Defined Risk Fund had a return of 3.12% year-to-date (YTD) and 6.69% in the last 12 months. Over the past 10 years, Swan Defined Risk Fund had an annualized return of 2.98%, while the S&P 500 had an annualized return of 11.26%, indicating that Swan Defined Risk Fund did not perform as well as the benchmark.
SDRIX
3.12%
0.93%
0.42%
6.69%
2.99%
2.98%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SDRIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.10% | 3.12% | |||||||||||
| 2024 | 0.14% | 2.70% | 2.56% | -4.18% | 3.03% | 2.19% | 0.27% | 1.80% | 2.16% | -0.26% | 2.89% | -7.79% | 5.00% |
| 2023 | 2.49% | -1.81% | 1.98% | 1.80% | 0.89% | 1.69% | 1.00% | 0.92% | -3.00% | -0.13% | 2.96% | -7.94% | 0.31% |
| 2022 | -3.16% | -1.67% | 1.11% | -5.09% | -1.29% | -4.68% | 2.89% | -3.16% | -3.48% | 5.93% | 2.34% | -2.77% | -12.84% |
| 2021 | 0.36% | 1.60% | 1.71% | 2.95% | 0.41% | 1.83% | 1.87% | 2.69% | -3.32% | 4.75% | -0.57% | 2.09% | 17.41% |
| 2020 | -1.38% | -6.20% | -5.95% | 7.37% | 0.90% | 1.78% | 1.51% | 1.73% | -1.08% | -1.33% | 6.16% | 2.51% | 5.25% |
| 2019 | 4.00% | 1.39% | 1.45% | 1.91% | -3.59% | 4.13% | -0.23% | -0.31% | 1.25% | -0.08% | 0.70% | 1.67% | 12.75% |
| 2018 | 0.84% | -4.57% | -0.64% | 0.48% | 0.88% | 0.95% | 2.51% | 0.77% | 0.53% | -5.67% | 1.44% | -6.26% | -8.86% |
| 2017 | 0.67% | 0.92% | -0.08% | 0.58% | 0.99% | 0.00% | 1.06% | 0.48% | 1.69% | 0.95% | 1.88% | 0.69% | 10.25% |
| 2016 | -2.57% | 1.46% | 1.89% | 1.41% | 0.61% | 1.38% | 0.77% | -0.42% | 0.25% | -0.85% | 1.96% | 1.08% | 7.09% |
| 2015 | -0.67% | 1.70% | -0.50% | 0.92% | 0.41% | -1.74% | 1.35% | -6.23% | -0.80% | 2.05% | 0.18% | -0.79% | -4.30% |
| 2014 | -2.14% | 2.27% | 0.98% | 0.79% | 1.22% | 1.47% | -1.53% | 2.76% | -0.92% | -0.42% | 1.28% | 0.38% | 6.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SDRIX is 31, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Swan Defined Risk Fund (SDRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Swan Defined Risk Fund provided a 0.09% dividend yield over the last twelve months, with an annual payout of $0.01 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.05 | $0.00 | $0.00 | $0.05 | $0.16 | $0.12 | $0.10 | $0.17 | $0.09 | $0.07 |
Dividend yield | 0.09% | 0.09% | 0.35% | 0.00% | 0.00% | 0.34% | 1.21% | 1.00% | 0.77% | 1.42% | 0.78% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Swan Defined Risk 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $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 | $0.01 | $0.01 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $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 | $0.00 | $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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2014 | $0.07 | $0.07 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Swan Defined Risk 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 Fund was 20.69%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.
The current Swan Defined Risk Fund drawdown is 5.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.69% | Feb 20, 2020 | 23 | Mar 23, 2020 | 163 | Nov 11, 2020 | 186 |
| -17.67% | Dec 28, 2021 | 192 | Sep 30, 2022 | — | — | — |
| -14.07% | Sep 24, 2018 | 64 | Dec 24, 2018 | 250 | Dec 20, 2019 | 314 |
| -11.21% | May 19, 2015 | 170 | Jan 20, 2016 | 226 | Dec 9, 2016 | 396 |
| -7.7% | Jan 29, 2018 | 39 | Mar 23, 2018 | 120 | Sep 13, 2018 | 159 |
Volatility
Volatility Chart
The current Swan Defined Risk Fund volatility is 1.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.