- ISIN
- US8485781004
- Issuer
- Spirit of America
- Inception Date
- Feb 28, 2008
- Category
- Municipal Bonds
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SOAMX Performance Chart
Spirit of America Municipal Tax Free Bond Fund (SOAMX) is up 1.6% since the beginning of the year. SOAMX is currently trading at $9 per share. Investors who bought $1,000 worth of SOAMX shares 5 years ago would now be looking at an investment worth $1,009.
Loading charts...
Returns By Period
Spirit of America Municipal Tax Free Bond Fund (SOAMX) has returned 1.63% so far this year and 6.00% over the past 12 months. Over the last ten years, SOAMX has returned 1.22% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Spirit of America Municipal Tax Free Bond Fund
- 1D
- 0.12%
- 1M
- 1.61%
- YTD
- 1.63%
- 6M
- 2.06%
- 1Y
- 6.00%
- 3Y*
- 2.82%
- 5Y*
- 0.17%
- 10Y*
- 1.22%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SOAMX Monthly Returns History
Based on dividend-adjusted daily data since Mar 4, 2008, SOAMX's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Sep 2009 with a return of +6.6%, while the worst month was Sep 2008 at -9.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SOAMX closed higher 32% of trading days. The best single day was Oct 22, 2008 with a return of +2.8%, while the worst single day was Oct 10, 2008 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 0.98% | -1.31% | 1.01% | 0.43% | 0.23% | 1.63% | ||||||
| 2025 | 0.35% | 0.91% | -1.28% | -0.36% | -0.10% | 0.50% | -0.31% | 0.77% | 2.07% | 0.99% | 0.16% | 0.18% | 3.92% |
| 2024 | -0.11% | -0.01% | -0.08% | -0.83% | -0.12% | 0.97% | 0.59% | 0.48% | 0.80% | -0.81% | 1.16% | -0.92% | 1.08% |
| 2023 | 3.25% | -2.61% | 2.18% | -0.46% | -0.65% | 0.75% | 0.16% | -1.24% | -2.80% | -1.59% | 5.51% | 1.67% | 3.92% |
| 2022 | -2.18% | -0.40% | -2.56% | -2.65% | 1.32% | -2.28% | 2.33% | -2.69% | -3.99% | -0.93% | 4.98% | -0.31% | -9.30% |
| 2021 | 0.39% | -1.40% | 0.50% | 0.70% | 0.28% | 0.27% | 0.47% | -0.38% | -0.70% | -0.06% | 0.79% | 0.04% | 0.90% |
Benchmark Metrics
Spirit of America Municipal Tax Free Bond Fund has an annualized alpha of 1.07%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 04, 2008.
- This fund participated in 16.70% of S&P 500 Index downside but only 10.06% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.07%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 10.06%
- Downside Capture
- 16.70%
Expense Ratio
SOAMX has an expense ratio of 0.92%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SOAMX ranks 75 for risk / return — better than 75% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Spirit of America Municipal Tax Free Bond Fund (SOAMX) 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.
| SOAMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.78 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.21 | 12.44 | -1.23 |
Dividends
Dividend History
Spirit of America Municipal Tax Free Bond Fund provided a 3.45% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.27 | $0.18 | $0.13 | $0.13 | $0.18 | $0.24 | $0.27 | $0.30 | $0.30 | $0.31 | $0.33 |
Dividend yield | 3.45% | 3.11% | 2.13% | 1.48% | 1.48% | 1.95% | 2.53% | 2.90% | 3.23% | 3.15% | 3.30% | 3.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Spirit of America Municipal Tax Free Bond 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 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | ||||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2024 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.00 | $0.13 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Spirit of America Municipal Tax Free Bond 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 Municipal Tax Free Bond Fund was 27.48%, occurring on Dec 16, 2008. Recovery took 981 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -27.48%Dec 2008 | 8mo 6d | 3y 10mo | 4y 6moApr 2008 - Nov 2012 |
2013 correction2013 | -16.25%Sep 2013 | 9mo 3d | 2y 9mo | 3y 6moDec 2012 - Jun 2016 |
Bear market2022 | -14.12%Oct 2022 | 1y 3mo | 3y 7mo | 4y 10moJul 2021 - May 2026 |
COVID crash2020 | -7.78%Mar 2020 | 10d | 4mo 13d | 4mo 23dMar 2020 - Jul 2020 |
2016 pullback2016 | -5.64%Dec 2016 | 4mo 27d | 1y 5d | 1y 5moJul 2016 - Dec 2017 |
Drawdown Indicators
| SOAMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.48% | -56.78% | +29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -9.10% | +6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -5.91% | -18.90% | +12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -14.12% | -25.43% | +11.31% |
Max Drawdown (10Y)Largest decline over 10 years | -14.12% | -33.92% | +19.80% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -10.71% | +5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.03% | -1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SOAMX
Add Spirit of America Municipal Tax Free Bond Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SOAMX