- ISIN
- US66538J5719
- Issuer
- Sierra Trust
- Inception Date
- Dec 26, 2018
- Category
- High Yield Muni
- Min. Investment
- $10,000
- 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
STMYX Performance Chart
Sierra Tactical Municipal Fund (STMYX) is up 1.8% since the beginning of the year. STMYX is currently trading at $24 per share. Investors who bought $1,000 worth of STMYX shares 5 years ago would now be looking at an investment worth $1,048.
Loading charts...
Returns By Period
Sierra Tactical Municipal Fund (STMYX) has returned 1.82% so far this year and 6.05% over the past 12 months.
Sierra Tactical Municipal Fund
- 1D
- 0.25%
- 1M
- 0.91%
- YTD
- 1.82%
- 6M
- 1.99%
- 1Y
- 6.05%
- 3Y*
- 2.46%
- 5Y*
- 0.94%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
STMYX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2019, STMYX's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Mar 2020 at -8.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, STMYX closed higher 48% of trading days. The best single day was Dec 30, 2021 with a return of +2.9%, while the worst single day was Mar 12, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | 1.42% | -2.06% | 1.06% | 0.57% | 0.25% | 1.82% | ||||||
| 2025 | -0.16% | 1.29% | -2.14% | -3.26% | -0.52% | 0.54% | -1.10% | 0.72% | 2.65% | 0.98% | 0.16% | -0.13% | -1.09% |
| 2024 | -0.03% | 0.40% | 0.27% | -1.26% | 0.46% | 1.79% | 0.95% | 0.44% | 0.59% | -1.59% | 1.67% | -1.62% | 2.00% |
| 2023 | 2.91% | -2.15% | 0.41% | -0.47% | -1.09% | 0.21% | 0.17% | -1.01% | -1.73% | 0.10% | 4.33% | 2.73% | 4.29% |
| 2022 | -2.42% | -0.08% | -0.08% | -0.08% | 0.43% | -3.77% | 2.38% | -1.75% | 0.01% | 0.13% | 2.70% | -0.28% | -2.93% |
| 2021 | 1.85% | -1.26% | -0.04% | 0.74% | 1.07% | 1.04% | 0.89% | -0.53% | -0.86% | -0.39% | 0.64% | 0.20% | 3.35% |
Benchmark Metrics
Sierra Tactical Municipal Fund has an annualized alpha of 2.27%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 04, 2019.
- This fund participated in 22.59% of S&P 500 Index downside but only 14.48% of its upside - more exposed to losses than it benefited from rallies.
- 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
- 2.27%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 14.48%
- Downside Capture
- 22.59%
Expense Ratio
STMYX has an expense ratio of 0.92%, placing it in the medium range.
Return for Risk
Risk / Return Rank
STMYX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Sierra Tactical Municipal Fund (STMYX) and compare them to S&P 500 Index.
| STMYX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 2.24 | +0.06 |
Sortino ratioReturn per unit of downside risk | 3.23 | 3.07 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.41 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.93 | -0.55 |
Martin ratioReturn relative to average drawdown | 7.65 | 13.52 | -5.87 |
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
Sierra Tactical Municipal Fund provided a 3.61% dividend yield over the last twelve months, with an annual payout of $0.88 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.84 | $0.77 | $0.63 | $0.28 | $1.26 | $0.66 | $0.70 |
Dividend yield | 3.61% | 3.44% | 3.03% | 2.46% | 1.13% | 4.78% | 2.47% | 2.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Sierra Tactical Municipal 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 | $0.06 | $0.08 | $0.07 | $0.07 | $0.07 | $0.00 | $0.35 | ||||||
| 2025 | $0.00 | $0.09 | $0.07 | $0.09 | $0.06 | $0.07 | $0.08 | $0.10 | $0.05 | $0.07 | $0.07 | $0.09 | $0.84 |
| 2024 | $0.03 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.77 |
| 2023 | $0.04 | $0.06 | $0.04 | $0.04 | $0.06 | $0.05 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.09 | $0.63 |
| 2022 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.02 | $0.03 | $0.04 | $0.09 | $0.28 |
| 2021 | $0.05 | $0.07 | $0.00 | $0.02 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.04 | $0.03 | $0.77 | $1.26 |
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 Sierra Tactical Municipal 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 Sierra Tactical Municipal Fund was 9.71%, occurring on Apr 29, 2020. Recovery took 172 trading sessions.
The current Sierra Tactical Municipal Fund drawdown is 1.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -9.71%Apr 2020 | 1mo 28d | 8mo 10d | 10mo 8dMar 2020 - Jan 2021 |
Bear market2022 | -8.59%Jun 2022 | 5mo 17d | 1y 12mo | 2y 5moDec 2021 - Jun 2024 |
2025 pullback2025 | -7.74%Jul 2025 | 9mo 18d | — | 1y 8moOct 2024 - now |
2021 pullback2021 | -2.30%Mar 2021 | 1mo 5d | 2mo 16d | 3mo 21dFeb 2021 - Jun 2021 |
2021 pullback2021 | -1.98%Oct 2021 | 2mo 26d | 2mo 9d | 5mo 5dJul 2021 - Dec 2021 |
Drawdown Indicators
| STMYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.71% | -56.78% | +47.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -9.10% | +6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -18.90% | +11.16% |
Max Drawdown (5Y)Largest decline over 5 years | -8.59% | -25.43% | +16.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.74% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -10.72% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.97% | -1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with STMYX
Add Sierra Tactical Municipal 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 STMYX