MNRGX vs. IOLZX

Last updated Jun 23, 2026

MNRGX (Manor Investment Funds Growth Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, MNRGX returned 14.48%/yr vs 14.99%/yr for IOLZX. Their correlation of 0.82 suggests significant overlap in exposure. MNRGX charges 0.99%/yr vs 1.04%/yr for IOLZX.

Performance

MNRGX vs. IOLZX - Performance Comparison

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

Returns By Period

In the year-to-date period, MNRGX achieves a 7.73% return, which is significantly lower than IOLZX's 30.41% return. Both investments have delivered pretty close results over the past 10 years, with MNRGX having a 14.48% annualized return and IOLZX not far ahead at 14.99%.

MNRGX

• 1D: 1.41%
• 1M: 0.21%
• YTD: 7.73%
• 6M: 6.63%
• 1Y: 31.01%
• 3Y*: 17.66%
• 5Y*: 12.01%
• 10Y*: 14.48%

IOLZX

• 1D: 1.13%
• 1M: 6.90%
• YTD: 30.41%
• 6M: 28.81%
• 1Y: 55.27%
• 3Y*: 24.24%
• 5Y*: 12.51%
• 10Y*: 14.99%

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

MNRGX vs. IOLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MNRGX Manor Investment Funds Growth Fund	7.73%	15.41%	18.27%	22.77%	-17.43%	27.93%	26.64%	30.79%	-6.01%	24.44%
IOLZX ICON Equity Fund	30.41%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%

Correlation

The correlation between MNRGX and IOLZX is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004	0.82

The correlation between MNRGX and IOLZX shifts across timeframes, from 0.63 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MNRGX vs. IOLZX — Risk / Return Rank

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

MNRGX

MNRGX Risk / Return Rank: 42
MNRGX Sharpe Ratio Rank: 51
MNRGX Sortino Ratio Rank: 46
MNRGX Omega Ratio Rank: 44
MNRGX Calmar Ratio Rank: 35
MNRGX Martin Ratio Rank: 35

IOLZX

IOLZX Risk / Return Rank: 84
IOLZX Sharpe Ratio Rank: 92
IOLZX Sortino Ratio Rank: 85
IOLZX Omega Ratio Rank: 79
IOLZX Calmar Ratio Rank: 86
IOLZX Martin Ratio Rank: 79

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.

MNRGX vs. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manor Investment Funds Growth Fund (MNRGX) and ICON Equity Fund (IOLZX). 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.

	MNRGX	IOLZX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.84	-0.90
Sortino ratio: Return per unit of downside risk	2.64	3.76	-1.11
Omega ratio: Gain probability vs. loss probability	1.33	1.47	-0.14
Calmar ratio: Return relative to maximum drawdown	2.10	3.87	-1.77
Martin ratio: Return relative to average drawdown	7.37	13.68	-6.31

MNRGX vs. IOLZX - Sharpe Ratio Comparison

The current MNRGX Sharpe Ratio is 1.94, which is lower than the IOLZX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of MNRGX and IOLZX, 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

MNRGX vs. IOLZX - Drawdown Comparison

The maximum MNRGX drawdown since its inception was -56.04%, roughly equal to the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for MNRGX and IOLZX.

Drawdown Indicators

	MNRGX	IOLZX	Difference
Max Drawdown Largest peak-to-trough decline	-56.04%	-56.03%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-14.52%	-14.35%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-29.23%	-24.71%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-29.23%	-27.77%	-1.46%
Max Drawdown (10Y) Largest decline over 10 years	-30.57%	-41.04%	+10.47%
Current Drawdown Current decline from peak	-2.59%	0.00%	-2.59%
Average Drawdown Average peak-to-trough decline	-13.48%	-12.61%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	4.05%	+0.08%

Volatility

MNRGX vs. IOLZX - Volatility Comparison

The current volatility for Manor Investment Funds Growth Fund (MNRGX) is 5.20%, while ICON Equity Fund (IOLZX) has a volatility of 7.46%. This indicates that MNRGX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MNRGX	IOLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	7.46%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	15.90%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	19.56%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	21.56%	-2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	22.43%	-3.04%

MNRGX vs. IOLZX - Expense Ratio Comparison

MNRGX has a 0.99% expense ratio, which is lower than IOLZX's 1.04% expense ratio.

Dividends

MNRGX vs. IOLZX - Dividend Comparison

MNRGX's dividend yield for the trailing twelve months is around 7.94%, less than IOLZX's 8.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IOLZX ICON Equity Fund	8.20%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%
MNRGX Manor Investment Funds Growth Fund	7.94%	8.56%	0.00%	2.98%	5.34%	4.81%	11.66%	3.00%	9.20%	0.03%	0.06%	3.46%

Frequently Asked Questions

Can I hold both MNRGX and IOLZX in my portfolio?

MNRGX and IOLZX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MNRGX or IOLZX?

IOLZX has higher volatility (7.46%) compared to MNRGX (5.20%). In terms of maximum drawdown, MNRGX dropped -56.04% vs IOLZX's -56.03%.

Which has better risk-adjusted returns?

IOLZX currently has the higher Sharpe Ratio (2.84 vs 1.94), 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.