- ISIN
- US8040964020
- Issuer
- Sextant Mutual Funds
- Inception Date
- Sep 28, 1995
- Category
- Short-Term Bond
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
STBFX Performance Chart
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Returns By Period
Sextant Short Term Bond Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
STBFX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.25% | 0.44% | -0.41% | 0.28% | |||||||||
| 2025 | 0.46% | 0.63% | 0.26% | 0.86% | -0.12% | 0.68% | -0.13% | 0.88% | 0.26% | 0.28% | 0.49% | 0.28% | 4.92% |
| 2024 | 0.43% | -0.20% | 0.41% | -0.18% | 0.65% | 0.43% | 0.86% | 0.65% | 0.64% | -0.36% | 0.44% | 0.05% | 3.87% |
| 2023 | 0.77% | -0.68% | 1.21% | 0.35% | -0.23% | -0.04% | 0.37% | 0.17% | -0.04% | 0.00% | 1.02% | 0.84% | 3.79% |
| 2022 | -0.91% | -0.52% | -1.10% | -0.91% | 0.51% | -0.82% | 0.82% | -0.90% | -1.45% | -0.08% | 0.97% | 0.19% | -4.16% |
| 2021 | -0.08% | -0.48% | -0.29% | 0.29% | 0.29% | -0.15% | 0.29% | -0.12% | -0.31% | -0.31% | -0.12% | -0.12% | -1.09% |
Benchmark Metrics
Sextant Short Term Bond Fund has an annualized alpha of 3.14%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 02, 1996.
- This fund captured 6.46% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.27%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 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 0.01 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
- 3.14%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 6.46%
- Downside Capture
- -7.27%
Expense Ratio
STBFX has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Sextant Short Term Bond Fund (STBFX) 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.
| STBFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Sextant Short Term Bond Fund provided a 2.61% dividend yield over the last twelve months, with an annual payout of $0.13 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 | $0.13 | $0.16 | $0.14 | $0.09 | $0.05 | $0.05 | $0.08 | $0.09 | $0.07 | $0.07 | $0.05 | $0.05 |
Dividend yield | 2.61% | 3.17% | 2.77% | 1.84% | 1.04% | 1.07% | 1.60% | 1.75% | 1.47% | 1.30% | 1.06% | 1.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Sextant Short Term 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 | $0.01 | $0.01 | $0.01 | $0.03 | |||||||||
| 2025 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.09 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.05 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
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 Sextant Short Term 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 Sextant Short Term Bond Fund was 6.79%, occurring on Oct 20, 2022. Recovery took 427 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -6.79%Oct 2022 | 1y 9mo | 1y 8mo | 3y 6moJan 2021 - Jul 2024 |
Financial crisis2007–2009 | -4.24%Oct 2008 | 7mo 21d | 2mo 13d | 10mo 4dMar 2008 - Jan 2009 |
COVID crash2020 | -3.87%Mar 2020 | 15d | 1mo 29d | 2mo 14dMar 2020 - May 2020 |
1996 pullback1996 | -2.00%Apr 1996 | 1mo 24d | 4mo | 5mo 24dFeb 1996 - Aug 1996 |
Dot-com crash2000–2002 | -1.93%Nov 2001 | 15d | 2mo 13d | 2mo 28dNov 2001 - Feb 2002 |
Drawdown Indicators
| STBFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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