Spectrum Low Volatility Fund (SVARX)

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Spectrum Low Volatility Fund (SVARX) is up 1.3% since the beginning of the year. SVARX is currently trading at $24 per share. Investors who bought $1,000 worth of SVARX shares 5 years ago would now be looking at an investment worth $1,169.

Spectrum Low Volatility Fund (SVARX) has returned 1.31% so far this year and 5.78% over the past 12 months. Over the last ten years, SVARX has returned 6.03% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 17, 2013, SVARX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Dec 2023 with a return of +4.6%, while the worst month was Feb 2023 at -2.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SVARX closed higher 47% of trading days. The best single day was Apr 9, 2020 with a return of +2.9%, while the worst single day was Nov 20, 2020 at -3.8%.

Spectrum Low Volatility Fund has an annualized alpha of 5.10%, beta of 0.06, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since December 17, 2013.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.92%) than losses (10.20%) - typical of diversified or defensive assets.
• Beta of 0.06 may look defensive, but with R2 of 0.10 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 0.10 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.

SVARX has a high expense ratio of 2.34%, indicating above-average management fees.

SVARX ranks 51 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.

Spectrum Low Volatility Fund provided a 5.87% dividend yield over the last twelve months, with an annual payout of $1.41 per share.

The table displays the monthly dividend distributions for Spectrum Low Volatility Fund. 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 Spectrum Low Volatility 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 Spectrum Low Volatility Fund was 6.48%, occurring on Nov 9, 2022. Recovery took 266 trading sessions.

The current Spectrum Low Volatility Fund drawdown is 1.48%.

The chart below shows the rolling one-month volatility.