SDRIX vs. BPRLX

Last updated Jun 4, 2026

SDRIX (Swan Defined Risk Fund) and BPRLX (Beacon Planned Return Strategy Fund) are both Options Trading funds. Over the past 5 years, SDRIX returned 5.86%/yr vs 12.19%/yr for BPRLX. Their correlation of 0.86 suggests significant overlap in exposure. SDRIX charges 1.18%/yr vs 1.19%/yr for BPRLX.

Performance

SDRIX vs. BPRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Swan Defined Risk Fund (SDRIX) and Beacon Planned Return Strategy Fund (BPRLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDRIX achieves a 6.77% return, which is significantly higher than BPRLX's 5.08% return.

SDRIX

• 1D: 0.25%
• 1M: 4.44%
• YTD: 6.77%
• 6M: 6.64%
• 1Y: 17.18%
• 3Y*: 9.53%
• 5Y*: 5.86%
• 10Y*: 5.84%

BPRLX

• 1D: 0.00%
• 1M: 1.67%
• YTD: 5.08%
• 6M: 5.70%
• 1Y: 13.20%
• 3Y*: 18.50%
• 5Y*: 12.19%
• 10Y*: —

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

SDRIX vs. BPRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDRIX Swan Defined Risk Fund	6.77%	10.72%	4.91%	12.37%	-12.84%	17.41%	5.25%	12.75%	-8.85%	2.58%
BPRLX Beacon Planned Return Strategy Fund	5.08%	11.18%	31.86%	19.10%	-7.52%	9.62%	9.48%	18.01%	-2.47%	2.13%

Correlation

The correlation between SDRIX and BPRLX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 16, 2017	0.86

The correlation between SDRIX and BPRLX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

SDRIX vs. BPRLX — Risk / Return Rank

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

SDRIX

SDRIX Risk / Return Rank: 70
SDRIX Sharpe Ratio Rank: 69
SDRIX Sortino Ratio Rank: 64
SDRIX Omega Ratio Rank: 65
SDRIX Calmar Ratio Rank: 72
SDRIX Martin Ratio Rank: 80

BPRLX

BPRLX Risk / Return Rank: 83
BPRLX Sharpe Ratio Rank: 81
BPRLX Sortino Ratio Rank: 84
BPRLX Omega Ratio Rank: 87
BPRLX Calmar Ratio Rank: 72
BPRLX Martin Ratio Rank: 93

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.

SDRIX vs. BPRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Swan Defined Risk Fund (SDRIX) and Beacon Planned Return Strategy Fund (BPRLX). 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.

	SDRIX	BPRLX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.65	-0.22
Sortino ratio: Return per unit of downside risk	3.36	4.01	-0.65
Omega ratio: Gain probability vs. loss probability	1.45	1.61	-0.16
Calmar ratio: Return relative to maximum drawdown	3.32	3.29	+0.03
Martin ratio: Return relative to average drawdown	15.07	20.03	-4.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDRIX vs. BPRLX - Sharpe Ratio Comparison

The current SDRIX Sharpe Ratio is 2.43, which is comparable to the BPRLX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SDRIX and BPRLX, 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

	SDRIX	BPRLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.65	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.77	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.71	-0.09

Drawdowns

SDRIX vs. BPRLX - Drawdown Comparison

The maximum SDRIX drawdown since its inception was -20.69%, smaller than the maximum BPRLX drawdown of -24.28%. Use the drawdown chart below to compare losses from any high point for SDRIX and BPRLX.

Drawdown Indicators

	SDRIX	BPRLX	Difference
Max Drawdown Largest peak-to-trough decline	-20.69%	-24.28%	+3.59%
Max Drawdown (1Y) Largest decline over 1 year	-5.29%	-4.12%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-11.63%	-2.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.67%	-24.28%	+6.61%
Max Drawdown (10Y) Largest decline over 10 years	-20.69%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.55%	-4.11%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	0.68%	+0.48%

Volatility

SDRIX vs. BPRLX - Volatility Comparison

Swan Defined Risk Fund (SDRIX) has a higher volatility of 2.04% compared to Beacon Planned Return Strategy Fund (BPRLX) at 0.69%. This indicates that SDRIX's price experiences larger fluctuations and is considered to be riskier than BPRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDRIX	BPRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	0.69%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	5.48%	4.28%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	7.24%	5.14%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.58%	15.96%	-6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.70%	15.06%	-5.36%

SDRIX vs. BPRLX - Expense Ratio Comparison

SDRIX has a 1.18% expense ratio, which is lower than BPRLX's 1.19% expense ratio.

Dividends

SDRIX vs. BPRLX - Dividend Comparison

SDRIX's dividend yield for the trailing twelve months is around 9.88%, less than BPRLX's 11.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPRLX Beacon Planned Return Strategy Fund	11.94%	12.54%	32.86%	5.82%	0.00%	14.20%	5.09%	6.68%	8.70%	0.32%	0.00%	0.00%
SDRIX Swan Defined Risk Fund	9.88%	10.55%	0.00%	12.37%	0.00%	0.00%	0.34%	1.21%	1.00%	0.76%	1.42%	0.78%

Frequently Asked Questions

Can I hold both SDRIX and BPRLX in my portfolio?

With a correlation of 0.90, SDRIX and BPRLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SDRIX or BPRLX?

SDRIX has higher volatility (2.04%) compared to BPRLX (0.69%). In terms of maximum drawdown, SDRIX dropped -20.69% vs BPRLX's -24.28%.

Which has better risk-adjusted returns?

BPRLX currently has the higher Sharpe Ratio (2.65 vs 2.43), 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.