SOAEX vs. APWEX
SOAEX (Spirit of America Energy Fund) and APWEX (Cavanal Hill World Energy Fund) are both Energy Equities funds. Over the past 10 years, SOAEX returned 34.33%/yr vs 11.94%/yr for APWEX. Their correlation of 0.83 means they have usually moved in the same direction. SOAEX charges 1.50%/yr vs 1.15%/yr for APWEX.
Performance
SOAEX vs. APWEX - Performance Comparison
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Returns By Period
In the year-to-date period, SOAEX achieves a 32.89% return, which is significantly higher than APWEX's 26.30% return. Over the past 10 years, SOAEX has outperformed APWEX with an annualized return of 34.33%, while APWEX has yielded a comparatively lower 11.94% annualized return.
SOAEX
- 1D
- 0.89%
- 1M
- 7.98%
- 6M
- 23.82%
- YTD
- 32.89%
- 1Y
- 35.45%
- 3Y*
- 21.07%
- 5Y*
- 21.23%
- 10Y*
- 34.33%
- ALL TIME*
- 22.67%
APWEX
- 1D
- 1.38%
- 1M
- 3.53%
- 6M
- 12.99%
- YTD
- 26.30%
- 1Y
- 34.90%
- 3Y*
- 19.72%
- 5Y*
- 21.96%
- 10Y*
- 11.94%
- ALL TIME*
- 7.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SOAEX vs. APWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOAEX Spirit of America Energy Fund | 32.89% | 6.05% | 19.30% | 13.10% | 30.26% | 34.19% | 96.43% | 11.49% | 148.45% | -3.97% |
APWEX Cavanal Hill World Energy Fund | 26.30% | 21.35% | 13.22% | 4.57% | 32.44% | 36.63% | 0.00% | 8.29% | -24.50% | -1.94% |
Correlation
The correlation between SOAEX and APWEX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014 | 0.83 |
The correlation between SOAEX and APWEX shifts across timeframes, from 0.76 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SOAEX vs. APWEX — Risk / Return Rank
SOAEX
APWEX
SOAEX vs. APWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit of America Energy Fund (SOAEX) and Cavanal Hill World Energy Fund (APWEX). 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.
| SOAEX | APWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 2.88 | +1.31 |
| Martin ratioReturn relative to average drawdown | 10.69 | 8.33 | +2.36 |
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Drawdowns
SOAEX vs. APWEX - Drawdown Comparison
The maximum SOAEX drawdown since its inception was -67.07%, which is greater than APWEX's maximum drawdown of -61.57%. Use the drawdown chart below to compare losses from any high point for SOAEX and APWEX.
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Drawdown Indicators
| SOAEX | APWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.07% | -61.57% | -5.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -11.01% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -23.02% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -25.75% | +4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -67.07% | -57.43% | -9.64% |
Current DrawdownCurrent decline from peak | -0.88% | -7.34% | +6.46% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -16.93% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.87% | -0.71% |
Volatility
SOAEX vs. APWEX - Volatility Comparison
The current volatility for Spirit of America Energy Fund (SOAEX) is 4.72%, while Cavanal Hill World Energy Fund (APWEX) has a volatility of 5.52%. This indicates that SOAEX experiences smaller price fluctuations and is considered to be less risky than APWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOAEX | APWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 5.52% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 14.02% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 18.57% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 25.52% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.67% | 25.80% | +71.87% |
SOAEX vs. APWEX - Expense Ratio Comparison
SOAEX has a 1.50% expense ratio, which is higher than APWEX's 1.15% expense ratio.
Dividends
SOAEX vs. APWEX - Dividend Comparison
SOAEX's dividend yield for the trailing twelve months is around 11.09%, more than APWEX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APWEX Cavanal Hill World Energy Fund | 0.72% | 0.45% | 1.80% | 1.54% | 1.95% | 1.44% | 1.54% | 2.57% | 1.26% | 0.43% | 0.97% | 0.67% |
SOAEX Spirit of America Energy Fund | 11.09% | 13.91% | 26.36% | 24.88% | 22.14% | 23.25% | 21.16% | 20.73% | 15.62% | 17.90% | 13.40% | 14.76% |
Frequently Asked Questions
SOAEX and APWEX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APWEX has higher volatility (5.52%) compared to SOAEX (4.72%). In terms of maximum drawdown, SOAEX dropped -67.07% vs APWEX's -61.57%.
SOAEX currently has the higher Sharpe Ratio (2.09 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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