IOLZX vs. ICFSX

Last updated Jun 5, 2026

IOLZX (ICON Equity Fund) and ICFSX (ICON Consumer Select Fund) are both mutual funds - IOLZX is a Large Cap Growth Equities fund managed by ICON Funds, while ICFSX is a Financials Equities fund managed by ICON Funds. Over the past 10 years, IOLZX returned 14.40%/yr vs 9.95%/yr for ICFSX. Their correlation of 0.84 suggests significant overlap in exposure. IOLZX charges 1.04%/yr vs 1.32%/yr for ICFSX.

Performance

IOLZX vs. ICFSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICON Equity Fund (IOLZX) and ICON Consumer Select Fund (ICFSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IOLZX achieves a 26.98% return, which is significantly higher than ICFSX's -6.82% return. Over the past 10 years, IOLZX has outperformed ICFSX with an annualized return of 14.40%, while ICFSX has yielded a comparatively lower 9.95% annualized return.

IOLZX

• 1D: -0.91%
• 1M: 4.78%
• YTD: 26.98%
• 6M: 29.25%
• 1Y: 49.32%
• 3Y*: 24.51%
• 5Y*: 10.77%
• 10Y*: 14.40%

ICFSX

• 1D: -0.81%
• 1M: -4.55%
• YTD: -6.82%
• 6M: -4.33%
• 1Y: 0.39%
• 3Y*: 14.45%
• 5Y*: 7.73%
• 10Y*: 9.95%

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

IOLZX vs. ICFSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IOLZX ICON Equity Fund	26.98%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%
ICFSX ICON Consumer Select Fund	-6.82%	5.96%	35.19%	18.16%	-10.30%	22.79%	-7.47%	36.93%	-18.04%	20.03%

Correlation

The correlation between IOLZX and ICFSX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 4, 2004	0.84

The correlation between IOLZX and ICFSX shifts across timeframes, from 0.65 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IOLZX vs. ICFSX — Risk / Return Rank

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

IOLZX

IOLZX Risk / Return Rank: 71
IOLZX Sharpe Ratio Rank: 79
IOLZX Sortino Ratio Rank: 72
IOLZX Omega Ratio Rank: 63
IOLZX Calmar Ratio Rank: 77
IOLZX Martin Ratio Rank: 62

ICFSX

ICFSX Risk / Return Rank: 3
ICFSX Sharpe Ratio Rank: 3
ICFSX Sortino Ratio Rank: 3
ICFSX Omega Ratio Rank: 3
ICFSX Calmar Ratio Rank: 3
ICFSX Martin Ratio Rank: 3

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.

IOLZX vs. ICFSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICON Equity Fund (IOLZX) and ICON Consumer Select Fund (ICFSX). 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.

	IOLZX	ICFSX	Difference
Sharpe ratio: Return per unit of total volatility	2.60	-0.01	+2.61
Sortino ratio: Return per unit of downside risk	3.52	0.09	+3.43
Omega ratio: Gain probability vs. loss probability	1.43	1.01	+0.42
Calmar ratio: Return relative to maximum drawdown	3.41	-0.01	+3.43
Martin ratio: Return relative to average drawdown	12.10	-0.03	+12.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IOLZX vs. ICFSX - Sharpe Ratio Comparison

The current IOLZX Sharpe Ratio is 2.60, which is higher than the ICFSX Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of IOLZX and ICFSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IOLZX	ICFSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	-0.01	+2.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.38	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.42	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.19	+0.22

Drawdowns

IOLZX vs. ICFSX - Drawdown Comparison

The maximum IOLZX drawdown since its inception was -56.03%, smaller than the maximum ICFSX drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for IOLZX and ICFSX.

Drawdown Indicators

	IOLZX	ICFSX	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-77.40%	+21.37%
Max Drawdown (1Y) Largest decline over 1 year	-14.35%	-12.67%	-1.68%
Max Drawdown (3Y) Largest decline over 3 years	-24.71%	-20.61%	-4.10%
Max Drawdown (5Y) Largest decline over 5 years	-27.77%	-23.27%	-4.50%
Max Drawdown (10Y) Largest decline over 10 years	-41.04%	-48.50%	+7.46%
Current Drawdown Current decline from peak	-0.91%	-9.84%	+8.93%
Average Drawdown Average peak-to-trough decline	-12.63%	-21.36%	+8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	4.63%	-0.59%

Volatility

IOLZX vs. ICFSX - Volatility Comparison

ICON Equity Fund (IOLZX) has a higher volatility of 6.33% compared to ICON Consumer Select Fund (ICFSX) at 3.55%. This indicates that IOLZX's price experiences larger fluctuations and is considered to be riskier than ICFSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IOLZX	ICFSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	3.55%	+2.78%
Volatility (6M) Calculated over the trailing 6-month period	15.00%	10.52%	+4.48%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	14.18%	+4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.43%	20.44%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	23.76%	-1.40%

IOLZX vs. ICFSX - Expense Ratio Comparison

IOLZX has a 1.04% expense ratio, which is lower than ICFSX's 1.32% expense ratio.

Dividends

IOLZX vs. ICFSX - Dividend Comparison

IOLZX's dividend yield for the trailing twelve months is around 8.42%, less than ICFSX's 12.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICFSX ICON Consumer Select Fund	12.07%	11.25%	34.59%	7.32%	17.71%	10.98%	0.00%	1.94%	0.75%	0.21%	0.97%	0.59%
IOLZX ICON Equity Fund	8.42%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IOLZX and ICFSX in my portfolio?

IOLZX and ICFSX 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.

Which is riskier, IOLZX or ICFSX?

IOLZX has higher volatility (6.33%) compared to ICFSX (3.55%). In terms of maximum drawdown, IOLZX dropped -56.03% vs ICFSX's -77.40%.

Which has better risk-adjusted returns?

IOLZX currently has the higher Sharpe Ratio (2.60 vs -0.01), 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.