- ISIN
- US8162211051
- CUSIP
- 816221105
- Issuer
- Selected Funds
- Inception Date
- Feb 28, 1933
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
SLASX Performance Chart
Selected American Shares Fund (SLASX) is up 11.1% since the beginning of the year. SLASX is currently trading at $47 per share. Investors who bought $1,000 worth of SLASX shares 5 years ago would now be looking at an investment worth $1,737.
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Returns By Period
Selected American Shares Fund (SLASX) has returned 11.06% so far this year and 31.61% over the past 12 months. Over the last ten years, SLASX has had an annualized return of 13.47%, just under the S&P 500 Index benchmark’s 13.88%.
Selected American Shares Fund
- 1D
- 0.41%
- 1M
- 0.30%
- YTD
- 11.06%
- 6M
- 11.35%
- 1Y
- 31.61%
- 3Y*
- 22.99%
- 5Y*
- 11.68%
- 10Y*
- 13.47%
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%
SLASX Monthly Returns History
Based on dividend-adjusted daily data since Jan 14, 1980, SLASX'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, 63% of months were positive and 37% were negative. The best month was Dec 1991 with a return of +14.4%, while the worst month was Mar 2020 at -19.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SLASX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.7%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.64% | 0.83% | -4.35% | 9.04% | 1.68% | 0.21% | 11.06% | ||||||
| 2025 | 6.43% | -0.73% | -4.47% | -1.59% | 4.92% | 6.77% | -0.55% | 4.66% | 1.19% | 1.28% | 3.06% | 3.60% | 26.72% |
| 2024 | 1.05% | 7.64% | 3.95% | -3.29% | 3.78% | 0.96% | 1.63% | 0.50% | 1.77% | -1.27% | 5.96% | -5.61% | 17.60% |
| 2023 | 11.43% | -2.95% | -1.86% | 2.68% | 1.06% | 7.69% | 6.76% | -4.40% | -3.87% | -2.38% | 8.54% | 7.46% | 32.47% |
| 2022 | -1.25% | -3.42% | -1.83% | -10.04% | 2.78% | -10.24% | 6.37% | -3.38% | -9.70% | 5.47% | 10.15% | -4.91% | -20.33% |
| 2021 | 1.48% | 7.75% | 4.68% | 6.59% | 1.56% | -1.26% | -2.70% | 0.88% | -3.74% | 3.75% | -4.22% | 2.45% | 17.71% |
Benchmark Metrics
Selected American Shares Fund has an annualized alpha of 2.76%, beta of 0.91, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since January 14, 1980.
- This fund captured 103.40% of S&P 500 Index gains but only 95.61% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.76% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.91 and R2 of 0.77, 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
- 2.76%
- Beta
- 0.91
- R²
- 0.77
- Upside Capture
- 103.40%
- Downside Capture
- 95.61%
Expense Ratio
SLASX has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SLASX ranks 79 for risk / return — better than 79% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Selected American Shares Fund (SLASX) 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.
| SLASX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.78 | +1.04 |
| Martin ratioReturn relative to average drawdown | 14.87 | 12.44 | +2.43 |
Dividends
Dividend History
Selected American Shares Fund provided a 10.41% dividend yield over the last twelve months, with an annual payout of $4.86 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.86 | $4.86 | $7.57 | $2.95 | $2.46 | $5.31 | $1.12 | $1.88 | $5.44 | $2.84 | $5.36 | $7.80 |
Dividend yield | 10.41% | 11.56% | 20.21% | 7.72% | 7.85% | 12.55% | 2.76% | 5.06% | 18.16% | 7.01% | 14.99% | 21.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Selected American Shares 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 | $3.66 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $4.86 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.73 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.85 | $7.57 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $2.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $2.46 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.79 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.52 | $5.31 |
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 Selected American Shares 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 Selected American Shares Fund was 58.43%, occurring on Mar 9, 2009. Recovery took 1008 trading sessions.
The current Selected American Shares Fund drawdown is 1.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.43%Mar 2009 | 1y 4mo | 4y 3d | 5y 4moOct 2007 - Mar 2013 |
Dot-com crash2000–2002 | -38.09%Oct 2002 | 2y 1mo | 2y 28d | 4y 2moSep 2000 - Nov 2004 |
COVID crash2020 | -36.59%Mar 2020 | 1mo 2d | 7mo 21d | 8mo 23dFeb 2020 - Nov 2020 |
Bear market2022 | -32.04%Sep 2022 | 1y 4mo | 1y 3mo | 2y 7moJun 2021 - Jan 2024 |
Black Monday1987 | -28.73%Dec 1987 | 3mo 9d | 1y 4mo | 1y 7moAug 1987 - Apr 1989 |
Drawdown Indicators
| SLASX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.43% | -56.78% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -9.10% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -18.90% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -25.43% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -36.59% | -33.92% | -2.67% |
Current DrawdownCurrent decline from peak | -1.25% | -1.80% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -10.71% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.03% | +0.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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