Aquila Tax-Free Fund For Utah (UTAHX)

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The chart shows the growth of an initial investment of $10,000 in Aquila Tax-Free Fund For Utah, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Aquila Tax-Free Fund For Utah (UTAHX) has returned -0.25% so far this year and 4.45% over the past 12 months. Over the last ten years, UTAHX has returned 1.43% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jul 24, 1992, UTAHX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, your investment would double in approximately 17.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +4.8%, while the worst month was Sep 2008 at -6.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, UTAHX closed higher 35% of trading days. The best single day was Mar 25, 2020 with a return of +3.3%, while the worst single day was Oct 10, 2008 at -3.1%.

Aquila Tax-Free Fund For Utah has an annualized alpha of 3.98%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 27, 1992.

• This fund captured 13.32% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.30%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R² of 0.00 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 0.00 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.

UTAHX has an expense ratio of 0.87%, placing it in the medium range.

UTAHX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Aquila Tax-Free Fund For Utah (UTAHX) and compare them to a chosen benchmark (S&P 500 Index).

Aquila Tax-Free Fund For Utah provided a 3.29% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Aquila Tax-Free Fund For Utah. 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 Aquila Tax-Free Fund For Utah. 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 Aquila Tax-Free Fund For Utah was 13.94%, occurring on Oct 15, 2008. Recovery took 202 trading sessions.

The current Aquila Tax-Free Fund For Utah drawdown is 2.54%.

The chart below shows the rolling one-month volatility.