SMIFX vs. SMIDX
SMIFX (Sound Mind Investing Fund) and SMIDX (SMI Dynamic Allocation Fund) are both mutual funds - SMIFX is a Diversified Portfolio fund managed by SMI Funds, while SMIDX is a Tactical Allocation fund managed by SMI Funds. Over the past 10 years, SMIFX returned 9.72%/yr vs 6.47%/yr for SMIDX. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 1.19% expense ratio.
Performance
SMIFX vs. SMIDX - Performance Comparison
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Returns By Period
In the year-to-date period, SMIFX achieves a 15.84% return, which is significantly higher than SMIDX's 10.26% return. Over the past 10 years, SMIFX has outperformed SMIDX with an annualized return of 9.72%, while SMIDX has yielded a comparatively lower 6.47% annualized return.
SMIFX
- 1D
- -0.09%
- 1M
- 0.45%
- YTD
- 15.84%
- 6M
- 14.50%
- 1Y
- 20.23%
- 3Y*
- 12.61%
- 5Y*
- 6.19%
- 10Y*
- 9.72%
SMIDX
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 10.26%
- 6M
- 8.81%
- 1Y
- 26.17%
- 3Y*
- 15.70%
- 5Y*
- 6.97%
- 10Y*
- 6.47%
SMIFX vs. SMIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMIFX Sound Mind Investing Fund | 15.84% | 3.16% | 16.65% | 5.17% | -8.93% | 11.15% | 20.76% | 19.28% | -8.56% | 17.49% |
SMIDX SMI Dynamic Allocation Fund | 10.26% | 22.50% | 12.76% | 8.39% | -19.12% | 14.00% | 9.64% | 9.47% | -6.12% | 14.11% |
Correlation
The correlation between SMIFX and SMIDX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2013 | 0.70 |
The correlation between SMIFX and SMIDX shifts across timeframes, from 0.68 (10 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMIFX vs. SMIDX — Risk / Return Rank
SMIFX
SMIDX
SMIFX vs. SMIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sound Mind Investing Fund (SMIFX) and SMI Dynamic Allocation Fund (SMIDX). 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.
| SMIFX | SMIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.08 | -0.21 |
| Martin ratioReturn relative to average drawdown | 9.07 | 12.09 | -3.01 |
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Drawdowns
SMIFX vs. SMIDX - Drawdown Comparison
The maximum SMIFX drawdown since its inception was -54.33%, which is greater than SMIDX's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for SMIFX and SMIDX.
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Drawdown Indicators
| SMIFX | SMIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.33% | -21.99% | -32.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -8.73% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -10.11% | -9.87% |
Max Drawdown (5Y)Largest decline over 5 years | -41.36% | -21.99% | -19.37% |
Max Drawdown (10Y)Largest decline over 10 years | -41.36% | -21.99% | -19.37% |
Current DrawdownCurrent decline from peak | -9.55% | -1.67% | -7.88% |
Average DrawdownAverage peak-to-trough decline | -14.27% | -6.30% | -7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.22% | +0.12% |
Volatility
SMIFX vs. SMIDX - Volatility Comparison
The current volatility for Sound Mind Investing Fund (SMIFX) is 5.19%, while SMI Dynamic Allocation Fund (SMIDX) has a volatility of 5.50%. This indicates that SMIFX experiences smaller price fluctuations and is considered to be less risky than SMIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMIFX | SMIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.50% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 11.37% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 13.05% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.06% | 10.87% | +18.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 10.31% | +13.91% |
SMIFX vs. SMIDX - Expense Ratio Comparison
Both SMIFX and SMIDX have an expense ratio of 1.19%.
Dividends
SMIFX vs. SMIDX - Dividend Comparison
SMIFX's dividend yield for the trailing twelve months is around 4.60%, less than SMIDX's 10.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIDX SMI Dynamic Allocation Fund | 10.73% | 11.83% | 6.43% | 0.19% | 0.00% | 7.91% | 5.32% | 1.22% | 1.53% | 0.92% | 0.25% | 1.27% |
SMIFX Sound Mind Investing Fund | 4.60% | 5.33% | 1.28% | 1.73% | 0.97% | 46.86% | 0.00% | 0.48% | 26.02% | 10.06% | 0.00% | 14.94% |
Frequently Asked Questions
SMIFX and SMIDX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMIDX has higher volatility (5.50%) compared to SMIFX (5.19%). In terms of maximum drawdown, SMIFX dropped -54.33% vs SMIDX's -21.99%.
SMIDX currently has the higher Sharpe Ratio (2.06 vs 1.71), 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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