CAPTX vs. ICSIX

Last updated Jul 14, 2026

CAPTX (Canterbury Portfolio Thermostat Fund) and ICSIX (Dynamic U.S. Opportunity Fund) are both Tactical Allocation funds. Over the past 5 years, CAPTX returned 5.56%/yr vs 8.43%/yr for ICSIX. Their correlation of 0.84 suggests significant overlap in exposure. CAPTX charges 1.98%/yr vs 1.24%/yr for ICSIX.

Performance

CAPTX vs. ICSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canterbury Portfolio Thermostat Fund (CAPTX) and Dynamic U.S. Opportunity Fund (ICSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAPTX achieves a 16.08% return, which is significantly higher than ICSIX's 6.68% return.

CAPTX

• 1D: 0.28%
• 1M: 0.35%
• 6M: 11.94%
• YTD: 16.08%
• 1Y: 27.90%
• 3Y*: 12.37%
• 5Y*: 5.56%
• 10Y*: —

ICSIX

• 1D: 0.34%
• 1M: 0.81%
• 6M: 4.58%
• YTD: 6.68%
• 1Y: 14.24%
• 3Y*: 12.27%
• 5Y*: 8.43%
• 10Y*: 10.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAPTX vs. ICSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAPTX Canterbury Portfolio Thermostat Fund	16.08%	12.68%	11.07%	0.63%	-11.80%	14.07%	-3.30%	14.16%	-7.98%	12.46%
ICSIX Dynamic U.S. Opportunity Fund	6.68%	16.41%	8.16%	16.05%	-7.52%	16.14%	18.73%	25.95%	-11.12%	15.19%

Correlation

The correlation between CAPTX and ICSIX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.84

The correlation between CAPTX and ICSIX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

CAPTX vs. ICSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAPTX

CAPTX Risk / Return Rank: 86
CAPTX Sharpe Ratio Rank: 85
CAPTX Sortino Ratio Rank: 82
CAPTX Omega Ratio Rank: 81
CAPTX Calmar Ratio Rank: 89
CAPTX Martin Ratio Rank: 92

ICSIX

ICSIX Risk / Return Rank: 39
ICSIX Sharpe Ratio Rank: 36
ICSIX Sortino Ratio Rank: 33
ICSIX Omega Ratio Rank: 33
ICSIX Calmar Ratio Rank: 44
ICSIX Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAPTX vs. ICSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canterbury Portfolio Thermostat Fund (CAPTX) and Dynamic U.S. Opportunity Fund (ICSIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CAPTX	ICSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.30	+0.91
Sortino ratio: Return per unit of downside risk	3.09	1.83	+1.27
Omega ratio: Gain probability vs. loss probability	1.41	1.23	+0.18
Calmar ratio: Return relative to maximum drawdown	3.53	2.04	+1.49
Martin ratio: Return relative to average drawdown	14.58	8.26	+6.32

CAPTX vs. ICSIX - Sharpe Ratio Comparison

The current CAPTX Sharpe Ratio is 2.22, which is higher than the ICSIX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of CAPTX and ICSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAPTX vs. ICSIX - Drawdown Comparison

The maximum CAPTX drawdown since its inception was -28.25%, which is greater than ICSIX's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for CAPTX and ICSIX.

Drawdown Indicators

	CAPTX	ICSIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.25%	-25.63%	-2.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	-6.73%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.27%	-24.90%	+13.63%
Max Drawdown (5Y) Largest decline over 5 years	-15.88%	-24.90%	+9.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.63%	—
Current Drawdown Current decline from peak	-2.50%	-0.13%	-2.37%
Average Drawdown Average peak-to-trough decline	-5.41%	-3.22%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.66%	+0.23%

Volatility

CAPTX vs. ICSIX - Volatility Comparison

Canterbury Portfolio Thermostat Fund (CAPTX) has a higher volatility of 5.84% compared to Dynamic U.S. Opportunity Fund (ICSIX) at 3.25%. This indicates that CAPTX's price experiences larger fluctuations and is considered to be riskier than ICSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPTX	ICSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	3.25%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	7.86%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	10.52%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.09%	16.53%	-6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.80%	15.58%	-3.78%

CAPTX vs. ICSIX - Expense Ratio Comparison

CAPTX has a 1.98% expense ratio, which is higher than ICSIX's 1.24% expense ratio.

Dividends

CAPTX vs. ICSIX - Dividend Comparison

CAPTX has not paid dividends to shareholders, while ICSIX's dividend yield for the trailing twelve months is around 17.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAPTX Canterbury Portfolio Thermostat Fund	0.00%	0.00%	0.00%	0.63%	0.00%	13.02%	0.15%	1.21%	1.35%	0.99%	0.00%	0.00%
ICSIX Dynamic U.S. Opportunity Fund	17.94%	19.13%	19.10%	0.97%	2.55%	5.47%	5.78%	0.49%	12.55%	2.50%	4.76%	2.22%

Frequently Asked Questions

Can I hold both CAPTX and ICSIX in my portfolio?

CAPTX and ICSIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAPTX or ICSIX?

CAPTX has higher volatility (5.84%) compared to ICSIX (3.25%). In terms of maximum drawdown, CAPTX dropped -28.25% vs ICSIX's -25.63%.

Which has better risk-adjusted returns?

CAPTX currently has the higher Sharpe Ratio (2.22 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.