- ISIN
- US4702585187
- CUSIP
- 89833W402
- Issuer
- Easterly
- Inception Date
- Apr 27, 2006
- Category
- Long-Short
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
SNOIX Performance Chart
Easterly Snow Long/Short Opportunity Fund (SNOIX) is up 12.3% since the beginning of the year. SNOIX is currently trading at $41 per share. Investors who bought $1,000 worth of SNOIX shares 5 years ago would now be looking at an investment worth $1,622.
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Returns By Period
Easterly Snow Long/Short Opportunity Fund (SNOIX) has returned 12.30% so far this year and 29.53% over the past 12 months. Over the last ten years, SNOIX has returned 10.51% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Easterly Snow Long/Short Opportunity Fund
- 1D
- 0.32%
- 1M
- 4.40%
- 6M
- 10.35%
- YTD
- 12.30%
- 1Y
- 29.53%
- 3Y*
- 13.20%
- 5Y*
- 10.15%
- 10Y*
- 10.51%
- ALL TIME*
- 7.10%
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%
SNOIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2007, SNOIX's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +26.7%, while the worst month was Oct 2008 at -20.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SNOIX closed higher 53% of trading days. The best single day was Mar 23, 2009 with a return of +11.2%, while the worst single day was Nov 20, 2008 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.77% | 4.95% | -0.54% | 3.74% | -0.86% | -2.81% | 5.77% | 12.30% | |||||
| 2025 | 3.50% | -0.50% | -0.75% | -3.63% | 3.86% | 3.12% | 0.20% | 6.59% | 1.23% | -1.67% | 6.24% | 1.26% | 20.66% |
| 2024 | 0.06% | 0.83% | 5.92% | -4.15% | 4.39% | -3.80% | 3.14% | -0.81% | 0.38% | 0.61% | 4.75% | -5.53% | 5.17% |
| 2023 | 6.59% | -2.03% | -3.99% | -0.03% | -3.22% | 7.31% | 4.61% | -2.87% | -2.58% | -3.07% | 6.24% | 4.47% | 10.84% |
| 2022 | 1.05% | 0.48% | -0.83% | -3.44% | 2.32% | -9.02% | 5.66% | -1.98% | -8.03% | 11.64% | 4.98% | -4.08% | -3.10% |
| 2021 | 0.49% | 10.20% | 5.82% | 3.21% | 2.39% | -1.83% | -1.98% | 1.55% | -1.56% | 3.28% | -2.30% | 5.02% | 26.26% |
Benchmark Metrics
Easterly Snow Long/Short Opportunity Fund has an annualized alpha of -0.91%, beta of 0.98, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since January 03, 2007.
- This fund participated in 103.12% of S&P 500 Index downside but only 95.59% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.98 and R2 of 0.78, 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
- -0.91%
- Beta
- 0.98
- R²
- 0.78
- Upside Capture
- 95.59%
- Downside Capture
- 103.12%
Expense Ratio
SNOIX has a high expense ratio of 1.41%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SNOIX ranks 92 for risk / return — above 92% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Easterly Snow Long/Short Opportunity Fund (SNOIX) 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.
| SNOIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 2.00 | +4.16 |
| Martin ratioReturn relative to average drawdown | 18.31 | 8.49 | +9.82 |
Dividends
Dividend History
Easterly Snow Long/Short Opportunity Fund provided a 6.16% dividend yield over the last twelve months, with an annual payout of $2.54 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.54 | $2.54 | $1.66 | $0.74 | $2.12 | $2.98 | $0.53 | $0.56 | $0.49 | $1.32 | $0.09 | $0.60 |
Dividend yield | 6.16% | 6.91% | 5.10% | 2.29% | 7.07% | 8.98% | 1.86% | 1.95% | 2.06% | 4.80% | 0.36% | 2.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Easterly Snow Long/Short Opportunity 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 | $2.54 | $2.54 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $1.66 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.12 | $2.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.98 | $2.98 |
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 Easterly Snow Long/Short Opportunity 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 Easterly Snow Long/Short Opportunity Fund was 65.34%, occurring on Mar 5, 2009. Recovery took 486 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-65.34%Mar 2009 | 1y 7mo | 1y 11mo | 3y 6moJul 2007 - Feb 2011 | Financial crisis2007–2009 |
-39.16%Feb 2016 | 1y 5mo | 1y 10mo | 3y 3moAug 2014 - Dec 2017 | — |
-34.43%Mar 2020 | 2mo 2d | 9mo 12d | 11mo 14dJan 2020 - Dec 2020 | COVID crash2020 |
-30.62%Oct 2011 | 5mo 29d | 1y 3mo | 1y 9moApr 2011 - Jan 2013 | — |
-18.99%Dec 2018 | 10mo 29d | 10mo 15d | 1y 9moJan 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| SNOIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.34% | -56.78% | -8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -9.10% | +4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -15.33% | -18.90% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -17.66% | -25.43% | +7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.43% | -33.92% | -0.51% |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -10.70% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.14% | -0.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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