VELA Large Cap Plus Fund (VELIX)
The fund invests primarily in long and short positions in U.S. equity securities with large market capitalizations, aiming to maintain a net exposure range of 80% - 100%.
Fund Info
Sep 29, 2020
$2,500
Large-Cap
Blend
Expense Ratio
VELIX has a high expense ratio of 1.84%, indicating above-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
VELA Large Cap Plus Fund (VELIX) returned 0.60% year-to-date (YTD) and 1.31% over the past 12 months.
VELIX
0.60%
4.11%
-8.43%
1.31%
4.66%
N/A
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of VELIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.91% | -0.64% | -4.83% | -1.96% | 4.43% | 0.60% | |||||||
| 2024 | 1.48% | 2.80% | 2.72% | -2.47% | 2.47% | 1.45% | 2.02% | 2.74% | 1.02% | -0.79% | 3.84% | -9.22% | 7.59% |
| 2023 | 4.11% | -2.30% | 0.22% | 2.20% | -1.00% | 4.49% | 3.19% | -1.48% | -1.98% | -1.95% | 6.74% | 3.03% | 15.80% |
| 2022 | -1.22% | -0.14% | 3.65% | -4.12% | 0.62% | -6.54% | 4.42% | -3.10% | -7.21% | 6.20% | 4.95% | -5.77% | -9.10% |
| 2021 | -0.61% | 7.68% | 5.43% | 4.46% | 1.47% | -0.65% | 0.66% | 2.47% | -2.83% | 4.15% | -1.89% | 4.99% | 27.75% |
| 2020 | -1.10% | 12.44% | 3.81% | 15.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VELIX is 12, meaning it’s performing worse than 88% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VELA Large Cap Plus Fund (VELIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
VELA Large Cap Plus Fund provided a 6.82% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.14 | $0.01 | $0.24 | $0.05 | $0.01 |
Dividend yield | 6.82% | 6.86% | 0.04% | 1.79% | 0.35% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for VELA Large Cap Plus 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2020 | $0.01 | $0.01 |
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 data...
Worst Drawdowns
The table below displays the maximum drawdowns of the VELA Large Cap Plus 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 VELA Large Cap Plus Fund was 18.87%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current VELA Large Cap Plus Fund drawdown is 8.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.87% | Dec 3, 2024 | 86 | Apr 8, 2025 | — | — | — |
| -16.39% | Mar 30, 2022 | 128 | Sep 30, 2022 | 301 | Dec 12, 2023 | 429 |
| -6.32% | Oct 26, 2020 | 3 | Oct 28, 2020 | 8 | Nov 9, 2020 | 11 |
| -4.58% | Jan 21, 2021 | 7 | Jan 29, 2021 | 5 | Feb 5, 2021 | 12 |
| -4.56% | Jan 5, 2022 | 43 | Mar 8, 2022 | 9 | Mar 21, 2022 | 52 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...