SOAEX vs. SBMBX
SOAEX (Spirit of America Energy Fund) and SBMBX (Saratoga Energy & Basic Materials Fund) are both Energy Equities funds. Over the past 10 years, SOAEX returned 34.33%/yr vs 2.18%/yr for SBMBX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. SOAEX charges 1.50%/yr vs 3.30%/yr for SBMBX.
Performance
SOAEX vs. SBMBX - Performance Comparison
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Returns By Period
Over the past 10 years, SOAEX has outperformed SBMBX with an annualized return of 34.33%, while SBMBX has yielded a comparatively lower 2.18% 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%
SBMBX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 4.33%
- 3Y*
- 1.83%
- 5Y*
- 4.96%
- 10Y*
- 2.18%
- ALL TIME*
- 5.32%
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. SBMBX - 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% |
SBMBX Saratoga Energy & Basic Materials Fund | 0.00% | 5.05% | -7.25% | 6.28% | 19.60% | 25.58% | -19.21% | -0.96% | -18.00% | 8.44% |
Correlation
The correlation between SOAEX and SBMBX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014 | 0.79 |
Over the past year, the correlation between SOAEX and SBMBX has dropped to 0.39 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
SOAEX vs. SBMBX — Risk / Return Rank
SOAEX
SBMBX
SOAEX vs. SBMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit of America Energy Fund (SOAEX) and Saratoga Energy & Basic Materials Fund (SBMBX). 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 | SBMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.03 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 0.12 | +4.06 |
| Martin ratioReturn relative to average drawdown | 10.69 | 0.23 | +10.46 |
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Drawdowns
SOAEX vs. SBMBX - Drawdown Comparison
The maximum SOAEX drawdown since its inception was -67.07%, smaller than the maximum SBMBX drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for SOAEX and SBMBX.
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Drawdown Indicators
| SOAEX | SBMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.07% | -74.35% | +7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -5.66% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -25.34% | +6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -26.66% | +5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -67.07% | -65.48% | -1.59% |
Current DrawdownCurrent decline from peak | -0.88% | -31.22% | +30.34% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -28.69% | +13.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.82% | +0.34% |
Volatility
SOAEX vs. SBMBX - Volatility Comparison
Spirit of America Energy Fund (SOAEX) has a higher volatility of 4.72% compared to Saratoga Energy & Basic Materials Fund (SBMBX) at 0.00%. This indicates that SOAEX's price experiences larger fluctuations and is considered to be riskier than SBMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOAEX | SBMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 0.00% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 2.01% | +10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 9.77% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 20.52% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.67% | 23.93% | +73.74% |
SOAEX vs. SBMBX - Expense Ratio Comparison
SOAEX has a 1.50% expense ratio, which is lower than SBMBX's 3.30% expense ratio.
Dividends
SOAEX vs. SBMBX - Dividend Comparison
SOAEX's dividend yield for the trailing twelve months is around 11.09%, more than SBMBX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBMBX Saratoga Energy & Basic Materials Fund | 2.13% | 2.13% | 2.17% | 0.00% | 2.75% | 0.75% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 SBMBX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOAEX has higher volatility (4.72%) compared to SBMBX (0.00%). In terms of maximum drawdown, SOAEX dropped -67.07% vs SBMBX's -74.35%.
SOAEX currently has the higher Sharpe Ratio (2.09 vs 0.07), 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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