HICOX vs. ENIAX
Compare and contrast key facts about Colorado Bond Shares A Tax Exempt Fund (HICOX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX).
HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987. ENIAX is managed by SEI. It was launched on Dec 13, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HICOX or ENIAX.
Key characteristics
| HICOX | ENIAX | |
|---|---|---|
| YTD Return | 6.98% | 7.36% |
| 1Y Return | 12.23% | 9.44% |
| 3Y Return (Ann) | 3.31% | 5.32% |
| 5Y Return (Ann) | 3.94% | 4.57% |
| 10Y Return (Ann) | 4.20% | 3.85% |
| Sharpe Ratio | 3.95 | 9.58 |
| Sortino Ratio | 6.52 | 30.49 |
| Omega Ratio | 2.08 | 12.77 |
| Calmar Ratio | 4.96 | 75.54 |
| Martin Ratio | 28.43 | 436.80 |
| Ulcer Index | 0.43% | 0.02% |
| Daily Std Dev | 3.10% | 1.00% |
| Max Drawdown | -8.07% | -30.62% |
| Current Drawdown | -0.33% | 0.00% |
Correlation
The correlation between HICOX and ENIAX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HICOX vs. ENIAX - Performance Comparison
In the year-to-date period, HICOX achieves a 6.98% return, which is significantly lower than ENIAX's 7.36% return. Over the past 10 years, HICOX has outperformed ENIAX with an annualized return of 4.20%, while ENIAX has yielded a comparatively lower 3.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HICOX vs. ENIAX - Expense Ratio Comparison
HICOX has a 0.55% expense ratio, which is higher than ENIAX's 0.23% expense ratio.
Risk-Adjusted Performance
HICOX vs. ENIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). 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.
Dividends
HICOX vs. ENIAX - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 4.99%, less than ENIAX's 7.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 4.99% | 4.97% | 4.43% | 3.84% | 4.00% | 4.07% | 4.03% | 4.69% | 4.73% | 4.13% | 4.79% | 4.47% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.25% | 7.08% | 4.07% | 2.67% | 4.06% | 4.32% | 3.97% | 3.01% | 2.76% | 2.55% | 2.56% | 1.69% |
Drawdowns
HICOX vs. ENIAX - Drawdown Comparison
The maximum HICOX drawdown since its inception was -8.07%, smaller than the maximum ENIAX drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for HICOX and ENIAX. For additional features, visit the drawdowns tool.
Volatility
HICOX vs. ENIAX - Volatility Comparison
Colorado Bond Shares A Tax Exempt Fund (HICOX) has a higher volatility of 1.42% compared to SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) at 0.29%. This indicates that HICOX's price experiences larger fluctuations and is considered to be riskier than ENIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.