HCMKX vs. IOEZX

Last updated Apr 1, 2026

Compare and contrast key facts about HCM Income Plus Fund (HCMKX) and ICON Equity Income Fund (IOEZX).

HCMKX is managed by Howard Capital Management. It was launched on Nov 8, 2016. IOEZX is managed by ICON Funds. It was launched on May 9, 2004.

Performance

HCMKX vs. IOEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Income Plus Fund (HCMKX) and ICON Equity Income Fund (IOEZX). The values are adjusted to include any dividend payments, if applicable.

HCMKX vs. IOEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HCMKX HCM Income Plus Fund	-8.02%	15.06%	32.19%	20.68%	-24.98%	8.97%	39.45%	14.64%	-4.75%	5.72%
IOEZX ICON Equity Income Fund	8.64%	14.29%	6.12%	3.82%	-13.56%	24.15%	3.16%	27.70%	-10.11%	12.90%

Returns By Period

In the year-to-date period, HCMKX achieves a -8.02% return, which is significantly lower than IOEZX's 8.64% return.

HCMKX

• 1D: -0.36%
• 1M: -6.56%
• YTD: -8.02%
• 6M: -6.12%
• 1Y: 16.74%
• 3Y*: 18.12%
• 5Y*: 6.60%
• 10Y*: —

IOEZX

• 1D: -0.67%
• 1M: -4.99%
• YTD: 8.64%
• 6M: 12.25%
• 1Y: 19.34%
• 3Y*: 11.13%
• 5Y*: 4.83%
• 10Y*: 8.27%

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

HCMKX vs. IOEZX - Expense Ratio Comparison

HCMKX has a 2.10% expense ratio, which is higher than IOEZX's 1.00% expense ratio.

HCMKX

HCM Income Plus Fund

IOEZX

ICON Equity Income Fund

Return for Risk

HCMKX vs. IOEZX — Risk / Return Rank

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

HCMKX

HCMKX Risk / Return Rank: 45
HCMKX Sharpe Ratio Rank: 50
HCMKX Sortino Ratio Rank: 50
HCMKX Omega Ratio Rank: 39
HCMKX Calmar Ratio Rank: 48
HCMKX Martin Ratio Rank: 38

IOEZX

IOEZX Risk / Return Rank: 70
IOEZX Sharpe Ratio Rank: 72
IOEZX Sortino Ratio Rank: 74
IOEZX Omega Ratio Rank: 65
IOEZX Calmar Ratio Rank: 70
IOEZX Martin Ratio Rank: 70

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.

HCMKX vs. IOEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Income Plus Fund (HCMKX) 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.

	HCMKX	IOEZX	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.28	-0.30
Sortino ratio Return per unit of downside risk	1.43	1.84	-0.41
Omega ratio Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio Return relative to maximum drawdown	1.20	1.62	-0.42
Martin ratio Return relative to average drawdown	3.99	6.69	-2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HCMKX vs. IOEZX - Sharpe Ratio Comparison

The current HCMKX Sharpe Ratio is 0.98, which is comparable to the IOEZX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of HCMKX and IOEZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HCMKX	IOEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.28	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.35	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.39	+0.26

Correlation

The correlation between HCMKX and IOEZX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HCMKX vs. IOEZX - Dividend Comparison

HCMKX's dividend yield for the trailing twelve months is around 3.97%, more than IOEZX's 2.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCMKX HCM Income Plus Fund	3.97%	3.66%	19.48%	0.04%	0.00%	0.20%	0.27%	0.16%	5.97%	0.21%	0.00%	0.00%
IOEZX ICON Equity Income Fund	2.50%	3.56%	4.32%	3.75%	13.63%	12.92%	3.68%	4.74%	3.80%	3.13%	3.32%	4.24%

Drawdowns

HCMKX vs. IOEZX - Drawdown Comparison

The maximum HCMKX drawdown since its inception was -28.43%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for HCMKX and IOEZX.

Drawdown Indicators

	HCMKX	IOEZX	Difference
Max Drawdown Largest peak-to-trough decline	-28.43%	-56.15%	+27.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-11.71%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-28.43%	-21.47%	-6.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.12%	—
Current Drawdown Current decline from peak	-11.14%	-4.99%	-6.15%
Average Drawdown Average peak-to-trough decline	-7.12%	-8.64%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	2.84%	+0.50%

Volatility

HCMKX vs. IOEZX - Volatility Comparison

HCM Income Plus Fund (HCMKX) has a higher volatility of 5.17% compared to ICON Equity Income Fund (IOEZX) at 4.25%. This indicates that HCMKX's price experiences larger fluctuations and is considered to be riskier than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCMKX	IOEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	4.25%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	8.69%	+3.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	15.56%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	13.90%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.99%	16.44%	-2.45%