CMUVX vs. IOEZX

Last updated Jul 18, 2026

CMUVX (Catholic Responsible Investments Magnus 75/25 Fund) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 3 years, CMUVX returned 13.99%/yr vs 14.28%/yr for IOEZX. A 0.71 correlation means they provide meaningful diversification when combined. CMUVX charges 0.15%/yr vs 1.00%/yr for IOEZX.

Performance

CMUVX vs. IOEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catholic Responsible Investments Magnus 75/25 Fund (CMUVX) and ICON Equity Income Fund (IOEZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMUVX achieves a 8.63% return, which is significantly lower than IOEZX's 20.77% return.

CMUVX

• 1D: -0.51%
• 1M: 0.41%
• 6M: 6.51%
• YTD: 8.63%
• 1Y: 15.55%
• 3Y*: 13.99%
• 5Y*: —
• 10Y*: —

IOEZX

• 1D: 1.78%
• 1M: 6.42%
• 6M: 15.49%
• YTD: 20.77%
• 1Y: 29.68%
• 3Y*: 14.28%
• 5Y*: 6.98%
• 10Y*: 8.92%

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

CMUVX vs. IOEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CMUVX Catholic Responsible Investments Magnus 75/25 Fund	8.63%	14.69%	13.39%	19.07%	-17.54%	3.47%
IOEZX ICON Equity Income Fund	20.77%	14.29%	6.12%	3.82%	-13.56%	4.19%

Correlation

The correlation between CMUVX and IOEZX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021	0.71

The correlation between CMUVX and IOEZX shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CMUVX vs. IOEZX — Risk / Return Rank

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

CMUVX

CMUVX Risk / Return Rank: 48
CMUVX Sharpe Ratio Rank: 46
CMUVX Sortino Ratio Rank: 45
CMUVX Omega Ratio Rank: 45
CMUVX Calmar Ratio Rank: 46
CMUVX Martin Ratio Rank: 57

IOEZX

IOEZX Risk / Return Rank: 90
IOEZX Sharpe Ratio Rank: 90
IOEZX Sortino Ratio Rank: 89
IOEZX Omega Ratio Rank: 82
IOEZX Calmar Ratio Rank: 95
IOEZX Martin Ratio Rank: 94

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.

CMUVX vs. IOEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catholic Responsible Investments Magnus 75/25 Fund (CMUVX) and ICON Equity Income Fund (IOEZX). 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.

	CMUVX	IOEZX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.51	-0.93
Sortino ratio: Return per unit of downside risk	2.22	3.75	-1.53
Omega ratio: Gain probability vs. loss probability	1.28	1.43	-0.14
Calmar ratio: Return relative to maximum drawdown	2.16	4.52	-2.36
Martin ratio: Return relative to average drawdown	9.24	16.47	-7.23

CMUVX vs. IOEZX - Sharpe Ratio Comparison

The current CMUVX Sharpe Ratio is 1.58, which is lower than the IOEZX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of CMUVX and IOEZX, 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

CMUVX vs. IOEZX - Drawdown Comparison

The maximum CMUVX drawdown since its inception was -23.51%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for CMUVX and IOEZX.

Drawdown Indicators

	CMUVX	IOEZX	Difference
Max Drawdown Largest peak-to-trough decline	-23.51%	-56.15%	+32.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-6.77%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-13.95%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.12%	—
Current Drawdown Current decline from peak	-0.81%	0.00%	-0.81%
Average Drawdown Average peak-to-trough decline	-6.13%	-8.54%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.85%	-0.08%

Volatility

CMUVX vs. IOEZX - Volatility Comparison

The current volatility for Catholic Responsible Investments Magnus 75/25 Fund (CMUVX) is 2.96%, while ICON Equity Income Fund (IOEZX) has a volatility of 3.40%. This indicates that CMUVX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMUVX	IOEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	3.40%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	9.14%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	12.20%	-1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	13.74%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	16.45%	-3.30%

CMUVX vs. IOEZX - Expense Ratio Comparison

CMUVX has a 0.15% expense ratio, which is lower than IOEZX's 1.00% expense ratio.

Dividends

CMUVX vs. IOEZX - Dividend Comparison

CMUVX's dividend yield for the trailing twelve months is around 33.27%, more than IOEZX's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMUVX Catholic Responsible Investments Magnus 75/25 Fund	33.27%	36.14%	2.54%	2.03%	2.47%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IOEZX ICON Equity Income Fund	2.77%	3.56%	4.32%	3.75%	13.63%	12.92%	3.68%	4.74%	3.80%	3.13%	3.32%	4.24%

Frequently Asked Questions

Can I hold both CMUVX and IOEZX in my portfolio?

CMUVX and IOEZX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMUVX or IOEZX?

IOEZX has higher volatility (3.40%) compared to CMUVX (2.96%). In terms of maximum drawdown, CMUVX dropped -23.51% vs IOEZX's -56.15%.

Which has better risk-adjusted returns?

IOEZX currently has the higher Sharpe Ratio (2.51 vs 1.58), 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.