SMI Multi-Strategy Fund (SMILX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in SMI Multi-Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

SMI Multi-Strategy Fund (SMILX) has returned 0.37% so far this year and 16.43% over the past 12 months. Over the last ten years, SMILX has returned 5.61% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 31, 2010, SMILX's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, your investment would double in approximately 14.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +9.2%, while the worst month was Dec 2013 at -8.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SMILX closed higher 50% of trading days. The best single day was Dec 30, 2021 with a return of +19.0%, while the worst single day was Dec 31, 2021 at -16.3%.

SMI Multi-Strategy Fund has an annualized alpha of -1.22%, beta of 0.53, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.

• This fund participated in 69.45% of S&P 500 Index downside but only 49.75% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.53 may look defensive, but with R² of 0.48 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 0.48 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

SMILX has a high expense ratio of 1.15%, indicating above-average management fees.

SMILX ranks 64 for risk / return — better than 64% 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.

The table below present risk-adjusted performance metrics for SMI Multi-Strategy Fund (SMILX) and compare them to a chosen benchmark (S&P 500 Index).

SMI Multi-Strategy Fund provided a 8.30% dividend yield over the last twelve months, with an annual payout of $0.90 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for SMI Multi-Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the SMI Multi-Strategy 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 SMI Multi-Strategy Fund was 29.75%, occurring on Sep 26, 2022. Recovery took 756 trading sessions.

The current SMI Multi-Strategy Fund drawdown is 8.14%.

The chart below shows the rolling one-month volatility.