Special Opportunities Fund Inc. (SPE)

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Special Opportunities Fund Inc. (SPE) is down 2.8% since the beginning of the year. SPE is currently trading at $13 per share. Investors who bought $1,000 worth of SPE shares 5 years ago would now be looking at an investment worth $1,541.

Special Opportunities Fund Inc. (SPE) has returned -2.79% so far this year and 4.24% over the past 12 months. Over the last ten years, SPE has returned 11.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 27, 1994, SPE's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.

Historically, 64% of months were positive and 36% were negative. The best month was Jan 2009 with a return of +16.5%, while the worst month was Mar 2020 at -29.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SPE closed higher 49% of trading days. The best single day was Dec 18, 2017 with a return of +9.5%, while the worst single day was Mar 18, 2020 at -19.6%.

Special Opportunities Fund Inc. has an annualized alpha of 6.76%, beta of 0.30, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since October 27, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (53.53%) than losses (42.04%) - typical of diversified or defensive assets.
• Beta of 0.30 may look defensive, but with R2 of 0.16 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 0.16 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.

SPE has a high expense ratio of 1.11%, indicating above-average management fees.

SPE ranks 6 for risk / return — in the bottom 6% 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.

Special Opportunities Fund Inc. provided a 17.14% dividend yield over the last twelve months, with an annual payout of $2.29 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Special Opportunities Fund Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Special Opportunities Fund Inc.. 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 Special Opportunities Fund Inc. was 46.90%, occurring on Mar 23, 2020. Recovery took 186 trading sessions.

The current Special Opportunities Fund Inc. drawdown is 6.05%.

The chart below shows the rolling one-month volatility.