SOAEX vs. SOAMX
SOAEX (Spirit of America Energy Fund) and SOAMX (Spirit of America Municipal Tax Free Bond Fund) are both mutual funds - SOAEX is a Energy Equities fund managed by Spirit of America, while SOAMX is a Municipal Bonds fund managed by Spirit of America. Over the past 10 years, SOAEX returned 32.96%/yr vs 1.22%/yr for SOAMX. At a correlation of -0.06, they often move in opposite directions. SOAEX charges 1.50%/yr vs 0.92%/yr for SOAMX.
Performance
SOAEX vs. SOAMX - Performance Comparison
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Returns By Period
In the year-to-date period, SOAEX achieves a 21.40% return, which is significantly higher than SOAMX's 1.63% return. Over the past 10 years, SOAEX has outperformed SOAMX with an annualized return of 32.96%, while SOAMX has yielded a comparatively lower 1.22% annualized return.
SOAEX
- 1D
- -0.24%
- 1M
- -6.59%
- YTD
- 21.40%
- 6M
- 21.74%
- 1Y
- 22.98%
- 3Y*
- 20.31%
- 5Y*
- 18.21%
- 10Y*
- 32.96%
SOAMX
- 1D
- 0.12%
- 1M
- 1.61%
- YTD
- 1.63%
- 6M
- 2.06%
- 1Y
- 6.00%
- 3Y*
- 2.82%
- 5Y*
- 0.17%
- 10Y*
- 1.22%
SOAEX vs. SOAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOAEX Spirit of America Energy Fund | 21.40% | 6.05% | 19.30% | 13.10% | 30.26% | 34.19% | 96.43% | 11.49% | 148.45% | -3.97% |
SOAMX Spirit of America Municipal Tax Free Bond Fund | 1.63% | 3.92% | 1.08% | 3.92% | -9.30% | 0.90% | 3.56% | 5.07% | 0.99% | 4.76% |
Correlation
The correlation between SOAEX and SOAMX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014 | -0.06 |
The correlation between SOAEX and SOAMX shifts across timeframes, from -0.16 (1 year) to -0.02 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SOAEX vs. SOAMX — Risk / Return Rank
SOAEX
SOAMX
SOAEX vs. SOAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit of America Energy Fund (SOAEX) and Spirit of America Municipal Tax Free Bond Fund (SOAMX). 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 | SOAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.63 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.75 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.17 | 11.21 | -3.04 |
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Drawdowns
SOAEX vs. SOAMX - Drawdown Comparison
The maximum SOAEX drawdown since its inception was -67.07%, which is greater than SOAMX's maximum drawdown of -27.48%. Use the drawdown chart below to compare losses from any high point for SOAEX and SOAMX.
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Drawdown Indicators
| SOAEX | SOAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.07% | -27.48% | -39.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -2.19% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -5.91% | -13.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -14.12% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -67.07% | -14.12% | -52.95% |
Current DrawdownCurrent decline from peak | -7.45% | 0.00% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -14.84% | -5.21% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.54% | +2.37% |
Volatility
SOAEX vs. SOAMX - Volatility Comparison
Spirit of America Energy Fund (SOAEX) has a higher volatility of 5.09% compared to Spirit of America Municipal Tax Free Bond Fund (SOAMX) at 0.72%. This indicates that SOAEX's price experiences larger fluctuations and is considered to be riskier than SOAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOAEX | SOAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 0.72% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 1.90% | +10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 2.48% | +13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 3.48% | +16.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.67% | 3.24% | +94.43% |
SOAEX vs. SOAMX - Expense Ratio Comparison
SOAEX has a 1.50% expense ratio, which is higher than SOAMX's 0.92% expense ratio.
Dividends
SOAEX vs. SOAMX - Dividend Comparison
SOAEX's dividend yield for the trailing twelve months is around 12.14%, more than SOAMX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOAEX Spirit of America Energy Fund | 12.14% | 13.91% | 26.36% | 24.88% | 22.14% | 23.25% | 21.16% | 20.73% | 15.62% | 17.90% | 13.40% | 14.76% |
SOAMX Spirit of America Municipal Tax Free Bond Fund | 3.45% | 3.11% | 2.13% | 1.48% | 1.48% | 1.95% | 2.53% | 2.90% | 3.23% | 3.15% | 3.30% | 3.48% |
Frequently Asked Questions
SOAEX and SOAMX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOAEX has higher volatility (5.09%) compared to SOAMX (0.72%). In terms of maximum drawdown, SOAEX dropped -67.07% vs SOAMX's -27.48%.
SOAMX currently has the higher Sharpe Ratio (2.43 vs 1.51), 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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