- 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 11.6% 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 $1,148.
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Returns By Period
Spirit of America Real Estate Income & Growth Fund (SOAAX) has returned 11.64% so far this year and 11.26% over the past 12 months. Over the last ten years, SOAAX has returned 5.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.65% annually.
Spirit of America Real Estate Income & Growth Fund
- 1D
- -0.11%
- 1M
- -2.09%
- YTD
- 11.64%
- 6M
- 10.62%
- 1Y
- 11.26%
- 3Y*
- 8.59%
- 5Y*
- 2.80%
- 10Y*
- 5.12%
Benchmark (S&P 500 Index)
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
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 +0.72%. 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 +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% | -1.65% | 11.64% | ||||||
| 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 1.84%, beta of 0.95, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since January 05, 1999.
- This fund participated in 89.23% of S&P 500 Index downside but only 88.04% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.50 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
- 1.84%
- Beta
- 0.95
- R²
- 0.50
- Upside Capture
- 88.04%
- Downside Capture
- 89.23%
Expense Ratio
SOAAX has a high expense ratio of 1.52%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SOAAX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by 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.
| SOAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.98 | -1.49 |
| Martin ratioReturn relative to average drawdown | 4.46 | 13.78 | -9.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Spirit of America Real Estate Income & Growth Fund provided a 9.53% 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 | 9.53% | 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 | $0.00 | $0.00 | ||||||
| 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 6.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -78.19%Mar 2009 | 2y 27d | 5y 7mo | 7y 8moFeb 2007 - Oct 2014 |
COVID crash2020 | -41.24%Mar 2020 | 28d | 1y 2mo | 1y 3moFeb 2020 - Jun 2021 |
2023 bear market2023 | -36.03%Oct 2023 | 1y 9mo | — | 4y 5moJan 2022 - now |
2016 bear market2016 | -20.66%Feb 2016 | 1y 15d | 5mo 1d | 1y 5moJan 2015 - Jul 2016 |
1999 bear market1999 | -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 | -6.62% | -0.33% | -6.29% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -10.72% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.97% | +0.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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