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The Covered Bridge Fund (TCBIX) Sharpe Ratio: 2.14

Mutual Fund · Currency in USD · Last updated Aug 4, 2026

The investment seeks current income and realized gains from writing options with capital appreciation as a secondary objective. The fund seeks to meet its investment objective by investing, under normal market conditions, in dividend paying equity securities of domestic and foreign large capitalization companies. The advisor expects to invest up to 20% of the fund's assets in foreign securities and the remainder in domestic securities. It is expected that the fund's strategy will result in high portfolio turnover.

TCBIX's Sharpe Ratio of 2.14 indicates that for each unit of volatility, it generates 2.14 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

TCBIX Sharpe Ratio Rank

TCBIX Sharpe Ratio Rank: 86.186
Exceptional

TCBIX ranks above 86.1% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

TCBIX Sharpe Ratio Market Positioning

The chart shows TCBIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.94 or lower
  • Yellow zone (middle 50%): 0.94 to 1.82
  • Green zone (top 25%): 1.82 or higher
  • Top 1%: 3.72+
  • Median: 1.49 — half of all investments score higher

How it compares to other similar mutual funds

The table compares The Covered Bridge Fund's Sharpe Ratio with other mutual funds in the Derivative Income category across multiple time periods, showing how TCBIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
TCBIXThe Covered Bridge Fund2.14
BMCIXBlackRock High Equity Income Fund2.11
BMEAXBlackRock High Equity Income Fund Class A2.03
BDJBlackRock Enhanced Equity Dividend Trust1.95
GIDHXGoldman Sachs International Equity Dividend and Premium Fund1.80
NIEVirtus Equity & Convertible Income Fund1.69
FFAFirst Trust Enhanced Equity Income Fund1.58
ENHNXCullen Enhanced Equity Income Fund1.55
SCAUXInvesco Income Advantage U.S. Fund1.54
QQQXNuveen Nasdaq 100 Dynamic Overwrite Fund1.51
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows TCBIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TCBIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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