ICMBX vs. QBDSX
ICMBX (Intrepid Capital Fund) and QBDSX (Quantified Managed Income Fund) are both Diversified Portfolio funds. Over the past 10 years, ICMBX returned 5.81%/yr vs 0.52%/yr for QBDSX. Their 0.37 correlation means their historical movements had little consistent relationship. ICMBX charges 1.40%/yr vs 1.31%/yr for QBDSX.
Performance
ICMBX vs. QBDSX - Performance Comparison
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Returns By Period
In the year-to-date period, ICMBX achieves a 6.17% return, which is significantly higher than QBDSX's -0.25% return. Over the past 10 years, ICMBX has outperformed QBDSX with an annualized return of 5.81%, while QBDSX has yielded a comparatively lower 0.52% annualized return.
ICMBX
- 1D
- -0.68%
- 1M
- -0.41%
- 6M
- 4.90%
- YTD
- 6.17%
- 1Y
- 13.98%
- 3Y*
- 13.35%
- 5Y*
- 6.68%
- 10Y*
- 5.81%
- ALL TIME*
- 6.38%
QBDSX
- 1D
- 0.00%
- 1M
- 0.13%
- 6M
- -0.88%
- YTD
- -0.25%
- 1Y
- 0.15%
- 3Y*
- 2.24%
- 5Y*
- 0.70%
- 10Y*
- 0.52%
- ALL TIME*
- 0.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ICMBX vs. QBDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICMBX Intrepid Capital Fund | 6.17% | 13.45% | 15.40% | 14.18% | -12.44% | 12.85% | 9.18% | 6.45% | -13.37% | 8.09% |
QBDSX Quantified Managed Income Fund | -0.25% | 5.11% | 1.02% | 2.25% | -4.09% | -0.66% | -9.22% | 10.50% | -3.17% | 5.05% |
Correlation
The correlation between ICMBX and QBDSX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.37 |
Over the past year, ICMBX and QBDSX have become more correlated (0.65) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
ICMBX vs. QBDSX — Risk / Return Rank
ICMBX
QBDSX
ICMBX vs. QBDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intrepid Capital Fund (ICMBX) and Quantified Managed Income Fund (QBDSX). 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.
| ICMBX | QBDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.03 | +1.87 |
| Martin ratioReturn relative to average drawdown | 7.17 | -0.07 | +7.24 |
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Drawdowns
ICMBX vs. QBDSX - Drawdown Comparison
The maximum ICMBX drawdown since its inception was -33.71%, which is greater than QBDSX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for ICMBX and QBDSX.
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Drawdown Indicators
| ICMBX | QBDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -18.38% | -15.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -3.09% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | -3.76% | -7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.76% | -7.40% | -10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -18.38% | -15.33% |
Current DrawdownCurrent decline from peak | -0.68% | -8.29% | +7.61% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -6.86% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.43% | +0.33% |
Volatility
ICMBX vs. QBDSX - Volatility Comparison
Intrepid Capital Fund (ICMBX) has a higher volatility of 2.66% compared to Quantified Managed Income Fund (QBDSX) at 0.75%. This indicates that ICMBX's price experiences larger fluctuations and is considered to be riskier than QBDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICMBX | QBDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 0.75% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.88% | 2.38% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 3.53% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 4.31% | +6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.29% | 5.24% | +6.05% |
ICMBX vs. QBDSX - Expense Ratio Comparison
ICMBX has a 1.40% expense ratio, which is higher than QBDSX's 1.31% expense ratio.
Dividends
ICMBX vs. QBDSX - Dividend Comparison
ICMBX's dividend yield for the trailing twelve months is around 1.63%, less than QBDSX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMBX Intrepid Capital Fund | 1.63% | 2.15% | 2.96% | 4.14% | 1.82% | 2.10% | 1.68% | 5.47% | 3.48% | 2.96% | 3.64% | 2.19% |
QBDSX Quantified Managed Income Fund | 4.49% | 4.47% | 3.98% | 4.51% | 0.54% | 0.71% | 0.87% | 2.26% | 2.04% | 2.51% | 1.00% | 3.89% |
Frequently Asked Questions
ICMBX and QBDSX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICMBX has higher volatility (2.66%) compared to QBDSX (0.75%). In terms of maximum drawdown, ICMBX dropped -33.71% vs QBDSX's -18.38%.
ICMBX currently has the higher Sharpe Ratio (1.40 vs -0.03), 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.
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