- ISIN
- US66538H2940
- CUSIP
- 90347D682
- Issuer
- USA Mutuals
- Inception Date
- Oct 12, 2017
- Category
- Tactical Allocation
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
UNAVX Performance Chart
USA Mutuals All Seasons Fund (UNAVX) is down 1.8% since the beginning of the year. UNAVX is currently trading at $26 per share. Investors who bought $1,000 worth of UNAVX shares 5 years ago would now be looking at an investment worth $1,344.
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Returns By Period
USA Mutuals All Seasons Fund (UNAVX) has returned -1.75% so far this year and 0.79% over the past 12 months.
USA Mutuals All Seasons Fund
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- -1.75%
- 6M
- -1.90%
- 1Y
- 0.79%
- 3Y*
- 2.53%
- 5Y*
- 6.09%
- 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%
UNAVX Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2017, UNAVX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Oct 2021 with a return of +9.7%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, UNAVX closed higher 41% of trading days. The best single day was Mar 13, 2020 with a return of +7.8%, while the worst single day was Mar 16, 2020 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.22% | -0.41% | -3.40% | -0.19% | 2.33% | -0.23% | -1.75% | ||||||
| 2025 | 1.22% | -0.51% | -3.31% | 2.78% | -0.33% | 1.00% | 0.29% | 1.50% | 2.17% | -0.85% | -1.71% | -0.20% | 1.91% |
| 2024 | -0.73% | 2.21% | 1.97% | -1.75% | 1.93% | 1.41% | -2.05% | 2.32% | -0.29% | 0.11% | 1.57% | -0.01% | 6.76% |
| 2023 | 1.57% | -0.35% | 4.10% | 0.00% | -3.38% | 1.69% | 1.21% | -1.27% | -2.80% | -1.01% | 1.85% | 2.04% | 3.44% |
| 2022 | -6.36% | 3.22% | 1.65% | 2.85% | 4.18% | -3.94% | 2.77% | -0.32% | -2.30% | -0.54% | 4.32% | 1.79% | 6.91% |
| 2021 | -1.96% | 0.95% | 2.88% | 0.87% | -4.10% | 0.43% | 2.36% | 1.15% | -5.16% | 9.68% | -2.15% | 7.18% | 11.74% |
Benchmark Metrics
USA Mutuals All Seasons Fund has an annualized alpha of -1.73%, beta of 0.52, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since October 25, 2017.
- This fund participated in 65.04% of S&P 500 Index downside but only 44.98% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.73%
- Beta
- 0.52
- R²
- 0.60
- Upside Capture
- 44.98%
- Downside Capture
- 65.04%
Expense Ratio
UNAVX has a high expense ratio of 1.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UNAVX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for USA Mutuals All Seasons Fund (UNAVX) 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.
| UNAVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 2.78 | -2.71 |
| Martin ratioReturn relative to average drawdown | 0.15 | 12.44 | -12.29 |
Dividends
Dividend History
USA Mutuals All Seasons Fund provided a 2.57% dividend yield over the last twelve months, with an annual payout of $0.68 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.68 | $0.78 | $0.42 | $0.00 | $0.00 | $0.00 | $1.33 | $0.17 | $0.13 |
Dividend yield | 2.57% | 2.52% | 2.88% | 1.62% | 0.00% | 0.00% | 0.00% | 5.70% | 0.85% | 0.61% |
Monthly Dividends
The table displays the monthly dividend distributions for USA Mutuals All Seasons 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 USA Mutuals All Seasons 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 USA Mutuals All Seasons Fund was 30.05%, occurring on Mar 23, 2020. Recovery took 534 trading sessions.
The current USA Mutuals All Seasons Fund drawdown is 4.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.05%Mar 2020 | 1mo 2d | 2y 1mo | 2y 2moFeb 2020 - May 2022 |
Rate-hike selloffLate 2018 | -17.62%Dec 2018 | 3mo 4d | 4mo | 7mo 4dSep 2018 - Apr 2019 |
2018 correction2018 | -11.43%Apr 2018 | 2mo 3d | 4mo 27d | 7moJan 2018 - Aug 2018 |
2026 pullback2026 | -8.10%Apr 2026 | 5mo 26d | — | 8mo 13dOct 2025 - now |
2023 pullback2023 | -6.47%Oct 2023 | 6mo 10d | 4mo 18d | 10mo 28dApr 2023 - Mar 2024 |
Drawdown Indicators
| UNAVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -56.78% | +26.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -9.10% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -8.10% | -18.90% | +10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | -25.43% | +17.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.89% | -1.80% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -10.71% | +5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.03% | +1.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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