- ISIN
- US8034312046
- CUSIP
- 803431204
- Issuer
- Saratoga
- Inception Date
- Sep 1, 1994
- Category
- Short-Term Bond
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SIBPX Performance Chart
Saratoga Investment Quality Bond Portfolio (SIBPX) is down 1.6% since the beginning of the year. SIBPX is currently trading at $9 per share. Investors who bought $1,000 worth of SIBPX shares 5 years ago would now be looking at an investment worth $1,049.
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Returns By Period
Saratoga Investment Quality Bond Portfolio (SIBPX) has returned -1.58% so far this year and 0.01% over the past 12 months.
Saratoga Investment Quality Bond Portfolio
- 1D
- 0.11%
- 1M
- -0.74%
- 6M
- -1.37%
- YTD
- -1.58%
- 1Y
- 0.01%
- 3Y*
- 2.80%
- 5Y*
- 0.97%
- 10Y*
- —
- ALL TIME*
- 1.13%
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%
SIBPX Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 2017, SIBPX's average daily return is 0.00%, while the average monthly return is +0.10%. At this rate, an investment would double in approximately 57.8 years.
Historically, 51% of months were positive and 49% were negative. The best month was Jul 2024 with a return of +2.1%, while the worst month was Oct 2024 at -2.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 12 months.
On a daily basis, SIBPX closed higher 29% of trading days. The best single day was Aug 2, 2024 with a return of +1.0%, while the worst single day was Mar 18, 2020 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.21% | 1.57% | -2.06% | 0.00% | 0.10% | -0.01% | -0.95% | -1.58% | |||||
| 2025 | 0.54% | 1.51% | 0.27% | 1.17% | -0.75% | 1.44% | -0.37% | 1.23% | 0.57% | 0.37% | 0.72% | -0.37% | 6.50% |
| 2024 | 0.00% | -1.28% | 0.51% | -1.88% | 1.30% | 0.74% | 2.13% | 1.06% | 1.14% | -2.26% | 0.76% | -1.33% | 0.78% |
| 2023 | 0.56% | -0.19% | 0.70% | 0.29% | -0.72% | -0.67% | 0.10% | 0.10% | -0.74% | -0.20% | 1.94% | 1.74% | 2.90% |
| 2022 | -0.53% | -0.42% | -0.75% | -0.32% | 0.11% | -0.43% | 0.11% | -0.32% | -0.54% | -0.11% | 0.48% | 0.20% | -2.51% |
| 2021 | -0.30% | -0.08% | -0.10% | 0.01% | -0.09% | -0.10% | -0.10% | -0.10% | -0.20% | -0.31% | -0.21% | -0.16% | -1.73% |
Benchmark Metrics
Saratoga Investment Quality Bond Portfolio has an annualized alpha of 1.05%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 12, 2017.
- This fund participated in 5.25% of S&P 500 Index downside but only 5.12% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 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
- 1.05%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 5.12%
- Downside Capture
- 5.25%
Expense Ratio
SIBPX has a high expense ratio of 1.54%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SIBPX ranks 7 for risk / return — above 7% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Saratoga Investment Quality Bond Portfolio (SIBPX) 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.
| SIBPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 2.00 | -1.69 |
| Martin ratioReturn relative to average drawdown | 0.71 | 8.49 | -7.78 |
Dividends
Dividend History
Saratoga Investment Quality Bond Portfolio provided a 1.95% dividend yield over the last twelve months, with an annual payout of $0.18 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.21 | $0.21 | $0.14 | $0.01 | $0.13 | $0.06 | $0.09 | $0.11 | $0.10 |
Dividend yield | 1.95% | 2.24% | 2.31% | 1.54% | 0.14% | 1.39% | 0.58% | 0.99% | 1.21% | 1.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Saratoga Investment Quality Bond Portfolio. 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 | $0.02 | $0.02 | $0.02 | $0.06 | |||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.07 | $0.21 |
| 2024 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.05 | $0.21 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.02 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.14 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.13 |
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 Saratoga Investment Quality Bond Portfolio. 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 Saratoga Investment Quality Bond Portfolio was 5.57%, occurring on Oct 18, 2023. Recovery took 197 trading sessions.
The current Saratoga Investment Quality Bond Portfolio drawdown is 2.90%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-5.57%Oct 2023 | 3y 2mo | 9mo 18d | 3y 12moAug 2020 - Aug 2024 | — |
-4.28%Jan 2025 | 3mo 28d | 3mo 17d | 7mo 15dSep 2024 - Apr 2025 | — |
-3.50%Mar 2020 | 10d | 1mo 19d | 1mo 29dMar 2020 - May 2020 | COVID crash2020 |
-3.30%May 2026 | 2mo 18d | — | 5mo 4dMar 2026 - now | — |
-2.13%May 2018 | 8mo 7d | 10mo 15d | 1y 6moSep 2017 - Mar 2019 | — |
Drawdown Indicators
| SIBPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.57% | -56.78% | +51.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -9.10% | +5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | -18.90% | +14.62% |
Max Drawdown (5Y)Largest decline over 5 years | -4.64% | -25.43% | +20.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.90% | -1.58% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -10.70% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 2.14% | -0.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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