SMICX vs. IOEZX
Compare and contrast key facts about Saratoga Moderately Conservative Balanced Allocation Portfolio (SMICX) and ICON Equity Income Fund (IOEZX).
SMICX is managed by Saratoga. It was launched on Dec 28, 2017. IOEZX is managed by ICON Funds. It was launched on May 9, 2004.
Performance
SMICX vs. IOEZX - Performance Comparison
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SMICX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SMICX Saratoga Moderately Conservative Balanced Allocation Portfolio | -4.09% | 12.07% | 11.02% | 12.83% | -9.82% | 11.85% | 9.22% | 16.62% | -7.61% |
IOEZX ICON Equity Income Fund | 8.64% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% |
Returns By Period
In the year-to-date period, SMICX achieves a -4.09% return, which is significantly lower than IOEZX's 8.64% return.
SMICX
- 1D
- -0.38%
- 1M
- -6.22%
- YTD
- -4.09%
- 6M
- -2.60%
- 1Y
- 9.70%
- 3Y*
- 9.35%
- 5Y*
- 5.36%
- 10Y*
- —
IOEZX
- 1D
- -0.67%
- 1M
- -4.99%
- YTD
- 8.64%
- 6M
- 12.25%
- 1Y
- 19.34%
- 3Y*
- 11.13%
- 5Y*
- 4.83%
- 10Y*
- 8.27%
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SMICX vs. IOEZX - Expense Ratio Comparison
SMICX has a 0.99% expense ratio, which is lower than IOEZX's 1.00% expense ratio.
Return for Risk
SMICX vs. IOEZX — Risk / Return Rank
SMICX
IOEZX
SMICX vs. IOEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Moderately Conservative Balanced Allocation Portfolio (SMICX) and ICON Equity Income Fund (IOEZX). 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.
| SMICX | IOEZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.28 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.84 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.62 | -0.37 |
Martin ratioReturn relative to average drawdown | 5.03 | 6.69 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMICX | IOEZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.28 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.35 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.39 | +0.14 |
Correlation
The correlation between SMICX and IOEZX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SMICX vs. IOEZX - Dividend Comparison
SMICX's dividend yield for the trailing twelve months is around 11.61%, more than IOEZX's 2.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMICX Saratoga Moderately Conservative Balanced Allocation Portfolio | 11.61% | 11.14% | 4.00% | 0.87% | 7.81% | 11.59% | 1.39% | 3.45% | 2.95% | 0.00% | 0.00% | 0.00% |
IOEZX ICON Equity Income Fund | 2.50% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
Drawdowns
SMICX vs. IOEZX - Drawdown Comparison
The maximum SMICX drawdown since its inception was -22.85%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for SMICX and IOEZX.
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Drawdown Indicators
| SMICX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.85% | -56.15% | +33.30% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -11.71% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -14.24% | -21.47% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.12% | — |
Current DrawdownCurrent decline from peak | -6.64% | -4.99% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -8.64% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.84% | -1.13% |
Volatility
SMICX vs. IOEZX - Volatility Comparison
The current volatility for Saratoga Moderately Conservative Balanced Allocation Portfolio (SMICX) is 3.40%, while ICON Equity Income Fund (IOEZX) has a volatility of 4.25%. This indicates that SMICX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMICX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 4.25% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.35% | 8.69% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 15.56% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 13.90% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.13% | 16.44% | -5.31% |