- ISIN
- US66538J4563
- CUSIP
- 66538J456
- Issuer
- Ocean Park
- Inception Date
- Sep 30, 2019
- Category
- Nontraditional Bonds
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
STBNX Performance Chart
Ocean Park Tactical Bond Fund (STBNX) is up 0.8% since the beginning of the year. STBNX is currently trading at $24 per share. Investors who bought $1,000 worth of STBNX shares 5 years ago would now be looking at an investment worth $1,069.
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Compare this symbol against anything
Returns By Period
Ocean Park Tactical Bond Fund (STBNX) has returned 0.83% so far this year and 3.57% over the past 12 months.
Ocean Park Tactical Bond Fund
- 1D
- 0.25%
- 1M
- -0.44%
- 6M
- 0.44%
- YTD
- 0.83%
- 1Y
- 3.57%
- 3Y*
- 3.27%
- 5Y*
- 1.34%
- 10Y*
- —
- ALL TIME*
- 3.96%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
STBNX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2019, STBNX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Mar 2020 with a return of +9.0%, while the worst month was Apr 2025 at -4.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 10 months.
On a daily basis, STBNX closed higher 47% of trading days. The best single day was Mar 6, 2020 with a return of +4.7%, while the worst single day was Mar 10, 2020 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | -0.03% | -1.16% | 1.56% | 0.33% | 0.03% | -0.28% | 0.83% | |||||
| 2025 | 0.99% | 0.65% | -1.19% | -4.65% | -0.50% | 1.69% | 0.14% | 1.02% | 0.74% | -0.02% | 0.49% | 0.42% | -0.37% |
| 2024 | 0.18% | 0.21% | 0.99% | -1.04% | 1.17% | 0.50% | 1.79% | 1.33% | 1.26% | -0.79% | 1.30% | -0.67% | 6.36% |
| 2023 | 3.00% | -1.90% | 0.24% | 0.62% | -1.09% | 1.57% | 1.19% | 0.15% | -1.35% | -1.22% | 2.45% | 3.08% | 6.76% |
| 2022 | -2.01% | -0.11% | -0.15% | -0.38% | -0.11% | -1.71% | 1.35% | -1.02% | -0.09% | -0.25% | 1.51% | -1.54% | -4.47% |
| 2021 | 0.02% | 0.48% | 0.05% | 0.81% | 0.31% | 1.26% | 0.09% | 0.56% | -0.25% | -0.12% | -0.57% | -1.51% | 1.11% |
Benchmark Metrics
Ocean Park Tactical Bond Fund has an annualized alpha of 3.30%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since October 01, 2019.
- This fund participated in 17.64% of S&P 500 Index downside but only 17.05% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.04 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 0.04 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
- 3.30%
- Beta
- 0.05
- R²
- 0.04
- Upside Capture
- 17.05%
- Downside Capture
- 17.64%
Expense Ratio
STBNX has a high expense ratio of 1.63%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
STBNX ranks 36 for risk / return — above 36% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Ocean Park Tactical Bond Fund (STBNX) 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.
| STBNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.00 | -0.53 |
| Martin ratioReturn relative to average drawdown | 6.54 | 8.49 | -1.95 |
Dividends
Dividend History
Ocean Park Tactical Bond Fund provided a 5.34% dividend yield over the last twelve months, with an annual payout of $1.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.30 | $1.24 | $1.36 | $1.18 | $0.36 | $0.74 | $1.80 | $0.22 |
Dividend yield | 5.34% | 4.98% | 5.17% | 4.53% | 1.41% | 2.74% | 6.55% | 0.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Ocean Park Tactical 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 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.67 | |||||
| 2025 | $0.00 | $0.10 | $0.11 | $0.12 | $0.05 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.20 | $1.24 |
| 2024 | $0.02 | $0.10 | $0.14 | $0.10 | $0.10 | $0.14 | $0.10 | $0.10 | $0.12 | $0.11 | $0.10 | $0.23 | $1.36 |
| 2023 | $0.01 | $0.12 | $0.08 | $0.04 | $0.09 | $0.14 | $0.09 | $0.10 | $0.13 | $0.13 | $0.03 | $0.21 | $1.18 |
| 2022 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.03 | $0.06 | $0.24 | $0.36 |
| 2021 | $0.05 | $0.06 | $0.10 | $0.05 | $0.06 | $0.12 | $0.06 | $0.06 | $0.11 | $0.04 | $0.04 | $0.01 | $0.74 |
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 Ocean Park Tactical 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 Ocean Park Tactical Bond Fund was 8.04%, occurring on Dec 28, 2022. Recovery took 307 trading sessions.
The current Ocean Park Tactical Bond Fund drawdown is 1.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-8.04%Dec 2022 | 1y 22d | 1y 2mo | 2y 3moDec 2021 - Mar 2024 | Bear market2022 |
-6.96%May 2025 | 2mo 19d | — | 1y 5moMar 2025 - now | 2025 selloff2025 |
-5.22%May 2020 | 1mo 8d | 20d | 1mo 28dApr 2020 - Jun 2020 | — |
-3.39%Oct 2020 | 1mo 25d | 1mo 4d | 2mo 29dSep 2020 - Dec 2020 | — |
-2.97%Mar 2020 | 1mo 11d | 4d | 1mo 15dJan 2020 - Mar 2020 | COVID crash2020 |
Drawdown Indicators
| STBNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.04% | -56.78% | +48.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -9.10% | +6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -18.90% | +11.94% |
Max Drawdown (5Y)Largest decline over 5 years | -8.04% | -25.43% | +17.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.58% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -10.70% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.14% | -1.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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