- ISIN
- US56170L7038
- CUSIP
- 56170L703
- Inception Date
- Dec 29, 2017
- Category
- Mid Cap Growth Equities
- Min. Investment
- $100,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
SPYGX Performance Chart
Spyglass Growth Fund (SPYGX) is down 8.1% since the beginning of the year. SPYGX is currently trading at $21 per share. Investors who bought $1,000 worth of SPYGX shares 5 years ago would now be looking at an investment worth $1,013.
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Returns By Period
Spyglass Growth Fund (SPYGX) has returned -8.09% so far this year and 5.43% over the past 12 months.
Spyglass Growth Fund
- 1D
- 0.56%
- 1M
- 8.48%
- YTD
- -8.09%
- 6M
- -10.55%
- 1Y
- 5.43%
- 3Y*
- 22.78%
- 5Y*
- 0.26%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
SPYGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 10, 2018, SPYGX's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2024 with a return of +25.1%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SPYGX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +13.5%, while the worst single day was Mar 16, 2020 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.29% | -8.06% | -9.29% | 8.08% | 12.84% | -0.37% | -8.09% | ||||||
| 2025 | 6.72% | -10.31% | -11.50% | 2.35% | 11.77% | 5.81% | 5.49% | 3.78% | 2.53% | 1.82% | -0.21% | -1.02% | 15.74% |
| 2024 | 0.07% | 6.94% | 4.82% | -7.36% | -0.86% | 0.07% | -2.07% | 9.81% | 5.52% | 1.70% | 25.09% | -7.21% | 38.10% |
| 2023 | 18.22% | -4.57% | -0.38% | -6.03% | 9.73% | 8.78% | 6.55% | -4.02% | -3.62% | -5.80% | 19.28% | 10.32% | 54.03% |
| 2022 | -11.74% | -3.04% | 1.57% | -11.71% | -12.10% | -14.01% | 6.65% | -5.42% | -8.89% | 5.67% | 0.89% | -7.04% | -47.17% |
| 2021 | 0.27% | 3.91% | -3.59% | 3.28% | 0.74% | 6.47% | -3.28% | -0.71% | -3.58% | 3.76% | -10.79% | -7.14% | -11.45% |
Benchmark Metrics
Spyglass Growth Fund has an annualized alpha of -1.87%, beta of 1.21, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since January 11, 2018.
- This fund participated in 128.81% of S&P 500 Index downside but only 126.65% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.87%
- Beta
- 1.21
- R²
- 0.64
- Upside Capture
- 126.65%
- Downside Capture
- 128.81%
Expense Ratio
SPYGX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SPYGX ranks 4 for risk / return — in the bottom 4% 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 Spyglass Growth Fund (SPYGX) and compare them to S&P 500 Index.
| SPYGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.36 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 2.69 | -2.47 |
| Martin ratioReturn relative to average drawdown | 0.53 | 12.34 | -11.82 |
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
Spyglass Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $1.80 | $0.60 | $0.03 | $0.52 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 10.07% | 2.71% | 0.25% | 4.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Spyglass 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.80 |
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 Spyglass 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 Spyglass Growth Fund was 60.08%, occurring on Dec 28, 2022. Recovery took 673 trading sessions.
The current Spyglass Growth Fund drawdown is 11.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -60.08%Dec 2022 | 1y 10mo | 2y 8mo | 4y 6moFeb 2021 - Sep 2025 |
COVID crash2020 | -38.76%Mar 2020 | 26d | 2mo 17d | 3mo 13dFeb 2020 - Jun 2020 |
2026 bear market2026 | -30.05%Mar 2026 | 3mo 15d | — | 5mo 28dDec 2025 - now |
Rate-hike selloffLate 2018 | -23.52%Dec 2018 | 3mo 8d | 1mo 23d | 5mo 1dSep 2018 - Feb 2019 |
2019 correction2019 | -11.41%Jun 2019 | 28d | 1mo 23d | 2mo 21dMay 2019 - Jul 2019 |
Drawdown Indicators
| SPYGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -56.78% | -3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -30.05% | -9.10% | -20.95% |
Max Drawdown (3Y)Largest decline over 3 years | -32.90% | -18.90% | -14.00% |
Max Drawdown (5Y)Largest decline over 5 years | -59.90% | -25.43% | -34.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.70% | -2.97% | -8.73% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -10.72% | -8.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 1.97% | +10.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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