- ISIN
- US8486041044
- Issuer
- Spirit of America
- Inception Date
- Jan 9, 1998
- Category
- REIT
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
SOAAX Performance Chart
Spirit of America Real Estate Income & Growth Fund (SOAAX) is up 17.8% since the beginning of the year. SOAAX is currently trading at $9 per share. Investors who bought $1,000 worth of SOAAX shares 5 years ago would now be looking at an investment worth $1,133.
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Returns By Period
Spirit of America Real Estate Income & Growth Fund (SOAAX) has returned 17.84% so far this year and 20.01% over the past 12 months. Over the last ten years, SOAAX has returned 4.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
Spirit of America Real Estate Income & Growth Fund
- 1D
- -0.22%
- 1M
- 0.67%
- 6M
- 15.52%
- YTD
- 17.84%
- 1Y
- 20.01%
- 3Y*
- 9.50%
- 5Y*
- 2.52%
- 10Y*
- 4.94%
- ALL TIME*
- 6.88%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
SOAAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 1999, SOAAX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +33.1%, while the worst month was Oct 2008 at -36.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, SOAAX closed higher 51% of trading days. The best single day was Nov 24, 2008 with a return of +17.2%, while the worst single day was Dec 1, 2008 at -17.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.88% | 7.66% | -5.65% | 9.46% | -0.77% | 2.07% | 1.70% | 17.84% | |||||
| 2025 | 0.34% | 2.79% | -3.59% | -2.03% | 2.07% | -0.37% | -1.19% | 3.13% | 0.82% | -1.85% | 1.53% | -2.30% | -0.90% |
| 2024 | -4.17% | 1.95% | 1.57% | -6.52% | 3.78% | 3.29% | 5.56% | 6.14% | 2.38% | -2.52% | 4.45% | -7.37% | 7.57% |
| 2023 | 9.76% | -4.60% | -1.68% | 0.53% | -3.81% | 4.16% | 1.55% | -2.73% | -6.50% | -4.68% | 10.19% | 8.94% | 9.60% |
| 2022 | -8.56% | -4.33% | 5.67% | -4.90% | -6.71% | -7.69% | 8.32% | -5.39% | -11.59% | 4.48% | 5.13% | -4.96% | -28.40% |
| 2021 | 0.38% | 0.29% | 3.80% | 7.23% | 0.34% | 3.93% | 5.77% | 3.21% | -5.59% | 8.31% | 0.68% | 8.13% | 42.01% |
Benchmark Metrics
Spirit of America Real Estate Income & Growth Fund has an annualized alpha of 2.09%, beta of 0.94, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since January 04, 1999.
- This fund participated in 88.13% of S&P 500 Index downside but only 88.05% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.09%
- Beta
- 0.94
- R²
- 0.49
- Upside Capture
- 88.05%
- Downside Capture
- 88.13%
Expense Ratio
SOAAX has a high expense ratio of 1.52%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SOAAX ranks 54 for risk / return — above 54% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Spirit of America Real Estate Income & Growth Fund (SOAAX) 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.
| SOAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.41 | +0.09 |
| Martin ratioReturn relative to average drawdown | 7.87 | 10.22 | -2.35 |
Dividends
Dividend History
Spirit of America Real Estate Income & Growth Fund provided a 9.45% dividend yield over the last twelve months, with an annual payout of $0.85 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.85 | $0.85 | $0.85 | $0.85 | $0.85 | $0.85 | $0.85 | $0.85 | $0.80 | $0.84 | $1.06 |
Dividend yield | 9.45% | 10.64% | 9.53% | 9.32% | 9.32% | 6.12% | 8.13% | 7.11% | 8.47% | 6.87% | 7.18% | 8.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Spirit of America Real Estate Income & Growth 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 | $0.43 | $0.00 | $0.43 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.85 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.85 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.85 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.85 |
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 Spirit of America Real Estate Income & Growth 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 Spirit of America Real Estate Income & Growth Fund was 78.19%, occurring on Mar 6, 2009. Recovery took 1424 trading sessions.
The current Spirit of America Real Estate Income & Growth Fund drawdown is 2.92%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-78.19%Mar 2009 | 2y 27d | 5y 7mo | 7y 8moFeb 2007 - Oct 2014 | Financial crisis2007–2009 |
-41.24%Mar 2020 | 28d | 1y 2mo | 1y 3moFeb 2020 - Jun 2021 | COVID crash2020 |
-36.03%Oct 2023 | 1y 9mo | 2y 8mo | 4y 6moJan 2022 - Jul 2026 | — |
-20.66%Feb 2016 | 1y 15d | 5mo 1d | 1y 5moJan 2015 - Jul 2016 | — |
-20.12%Dec 1999 | 7mo 6d | 7mo 20d | 1y 2moMay 1999 - Aug 2000 | — |
Drawdown Indicators
| SOAAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.19% | -56.78% | -21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -9.10% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -18.90% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -36.03% | -25.43% | -10.60% |
Max Drawdown (10Y)Largest decline over 10 years | -41.24% | -33.92% | -7.32% |
Current DrawdownCurrent decline from peak | -2.92% | -0.12% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -10.70% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.14% | +0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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