VELA Large Cap Plus Fund (VELIX)

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The chart shows the growth of an initial investment of $10,000 in VELA Large Cap Plus Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

VELA Large Cap Plus Fund (VELIX) has returned -5.83% so far this year and 4.88% over the past 12 months.

Based on dividend-adjusted daily data since Nov 2, 2020, VELIX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, your investment would double in approximately 5.7 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +10.4%, while the worst month was Sep 2022 at -7.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.

On a daily basis, VELIX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Dec 23, 2024 at -5.3%.

VELA Large Cap Plus Fund has an annualized alpha of 2.99%, beta of 0.71, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since November 03, 2020.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.25%) than losses (72.27%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.99% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

VELIX has a high expense ratio of 1.84%, indicating above-average management fees.

VELIX ranks 13 for risk / return — in the bottom 13% 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.

The table below present risk-adjusted performance metrics for VELA Large Cap Plus Fund (VELIX) and compare them to a chosen benchmark (S&P 500 Index).

VELA Large Cap Plus Fund provided a 7.54% dividend yield over the last twelve months, with an annual payout of $1.21 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 16.39%, occurring on Sep 30, 2022. Recovery took 288 trading sessions.

The current VELA Large Cap Plus Fund drawdown is 7.83%.

The chart below shows the rolling one-month volatility.