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Spirit of America Income Fund (SOAIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Spirit of America Income Fund (SOAIX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The fund invests at least 80% of its assets in a portfolio of taxable municipal bonds, income producing convertible securities, preferred stocks, high yield U.S. corporate bonds, and CMOs. It may also invest in U.S. government agency securities issued or guaranteed by U.S. government-sponsored enterprises and federal agencies, including securities issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. The fund may also invest in MLPs, equity securities of dividend paying companies and private placements.

Fund Info

ISIN

US8485791086

Issuer

Spirit of America

Inception Date

Dec 30, 2008

Category

Long-Term Bond

Min. Investment

$500

Asset Class

Bond

Expense Ratio

SOAIX has a high expense ratio of 1.12%, indicating above-average management fees.

Share Price Chart

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Compare to other instruments

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

Spirit of America Income Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Spirit of America Income Fund (SOAIX) returned 0.79% year-to-date (YTD) and 5.85% over the past 12 months. Over the past 10 years, SOAIX returned 3.16% annually, underperforming the S&P 500 benchmark at 10.85%.

SOAIX

YTD

0.79%

1M

-0.69%

6M

-1.60%

1Y

5.85%

3Y*

1.83%

5Y*

2.26%

10Y*

3.16%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of SOAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.87%2.04%-1.01%-0.58%-0.50%0.79%
20241.27%0.05%1.22%-3.14%2.14%0.84%2.10%2.01%2.04%-1.39%1.20%-2.89%5.38%
20236.26%-2.69%-0.11%1.04%-2.06%1.35%-0.13%-0.89%-2.37%-2.48%5.93%3.41%6.95%
2022-1.15%-1.43%-1.40%-4.35%1.57%-3.40%3.38%-3.06%-5.42%-0.64%4.52%-1.64%-12.68%
2021-0.45%-0.70%0.61%1.34%0.93%1.55%0.83%0.10%-0.96%1.24%-0.99%1.06%4.60%
20201.95%0.59%-7.96%2.52%1.57%1.04%2.40%0.62%-0.64%-0.99%3.89%1.31%5.96%
20192.21%0.53%2.36%-0.07%1.67%1.36%0.69%2.37%-0.06%-0.13%-0.21%0.44%11.67%
2018-0.97%-1.31%0.72%-0.14%1.18%0.38%0.28%0.83%-0.91%-1.51%-0.12%0.77%-0.84%
20170.90%1.23%0.03%0.88%0.71%0.36%0.46%1.47%-0.13%0.20%0.41%0.80%7.55%
20161.25%0.83%1.04%0.80%1.29%2.64%1.22%0.13%-0.05%-1.67%-2.69%0.21%5.01%
20152.43%-0.99%0.45%-0.52%-0.10%-1.92%0.99%-0.36%-0.12%0.57%-0.18%-0.32%-0.13%
20142.97%0.78%0.86%2.00%2.31%0.81%0.06%2.50%-0.85%0.99%1.33%0.31%14.92%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SOAIX is 65, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of SOAIX is 6565
Overall Rank
The Sharpe Ratio Rank of SOAIX is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of SOAIX is 6767
Sortino Ratio Rank
The Omega Ratio Rank of SOAIX is 5858
Omega Ratio Rank
The Calmar Ratio Rank of SOAIX is 6464
Calmar Ratio Rank
The Martin Ratio Rank of SOAIX is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Spirit of America Income Fund (SOAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Spirit of America Income Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 1.04
  • 5-Year: 0.38
  • 10-Year: 0.58
  • All Time: 1.09

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Spirit of America Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Spirit of America Income Fund provided a 5.51% dividend yield over the last twelve months, with an annual payout of $0.55 per share.

4.00%5.00%6.00%7.00%8.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.55$0.55$0.62$0.81$0.61$0.47$0.52$0.54$0.53$0.53$0.56$0.60

Dividend yield

5.51%5.42%6.12%8.05%4.94%3.79%4.28%4.70%4.38%4.49%4.76%4.89%

Monthly Dividends

The table displays the monthly dividend distributions for Spirit of America Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.05$0.04$0.00$0.16
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.10$0.55
2023$0.03$0.03$0.05$0.04$0.04$0.06$0.04$0.04$0.04$0.04$0.04$0.18$0.62
2022$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.05$0.05$0.05$0.36$0.81
2021$0.02$0.03$0.05$0.03$0.04$0.04$0.04$0.04$0.05$0.05$0.05$0.18$0.61
2020$0.04$0.04$0.04$0.02$0.07$0.04$0.04$0.04$0.04$0.03$0.03$0.04$0.47
2019$0.04$0.04$0.05$0.04$0.05$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.52
2018$0.04$0.04$0.04$0.04$0.05$0.05$0.04$0.05$0.04$0.04$0.05$0.05$0.54
2017$0.04$0.04$0.04$0.04$0.05$0.04$0.05$0.05$0.04$0.04$0.05$0.06$0.53
2016$0.04$0.04$0.04$0.05$0.04$0.04$0.03$0.06$0.04$0.04$0.04$0.06$0.53
2015$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.56
2014$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.07$0.60

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 Income 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 Income Fund was 16.76%, occurring on Oct 24, 2022. Recovery took 470 trading sessions.

The current Spirit of America Income Fund drawdown is 2.67%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.76%Nov 10, 2021240Oct 24, 2022470Sep 9, 2024710
-14.37%Mar 9, 202011Mar 23, 2020166Nov 16, 2020177
-8.2%Jan 21, 200933Mar 9, 200947May 14, 200980
-7.73%May 3, 201375Aug 19, 2013152Mar 27, 2014227
-6.01%Sep 29, 201054Dec 14, 201091Apr 26, 2011145
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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