SOAIX vs. SOAMX
SOAIX (Spirit of America Income Fund) and SOAMX (Spirit of America Municipal Tax Free Bond Fund) are both mutual funds - SOAIX is a Long-Term Bond fund managed by Spirit of America, while SOAMX is a Municipal Bonds fund managed by Spirit of America. Over the past 10 years, SOAIX returned 3.29%/yr vs 1.22%/yr for SOAMX. At a 0.48 correlation, their price movements are largely independent. SOAIX charges 1.12%/yr vs 0.92%/yr for SOAMX.
Performance
SOAIX vs. SOAMX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOAIX having a 1.60% return and SOAMX slightly higher at 1.63%. Over the past 10 years, SOAIX has outperformed SOAMX with an annualized return of 3.29%, while SOAMX has yielded a comparatively lower 1.22% annualized return.
SOAIX
- 1D
- 0.40%
- 1M
- 1.27%
- YTD
- 1.60%
- 6M
- 2.12%
- 1Y
- 6.64%
- 3Y*
- 5.81%
- 5Y*
- 1.56%
- 10Y*
- 3.29%
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%
SOAIX vs. SOAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOAIX Spirit of America Income Fund | 1.60% | 6.50% | 5.37% | 6.91% | -12.68% | 4.59% | 5.96% | 11.66% | -0.83% | 7.53% |
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 SOAIX and SOAMX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.48 |
The correlation between SOAIX and SOAMX has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
SOAIX vs. SOAMX — Risk / Return Rank
SOAIX
SOAMX
SOAIX vs. SOAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit of America Income Fund (SOAIX) 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.
| SOAIX | SOAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.63 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.75 | -0.61 |
| Martin ratioReturn relative to average drawdown | 5.70 | 11.21 | -5.51 |
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Drawdowns
SOAIX vs. SOAMX - Drawdown Comparison
The maximum SOAIX drawdown since its inception was -16.76%, smaller than the maximum SOAMX drawdown of -27.48%. Use the drawdown chart below to compare losses from any high point for SOAIX and SOAMX.
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Drawdown Indicators
| SOAIX | SOAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -27.48% | +10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -2.19% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -6.76% | -5.91% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -14.12% | -2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -16.76% | -14.12% | -2.64% |
Current DrawdownCurrent decline from peak | -1.39% | 0.00% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -5.21% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.54% | +0.65% |
Volatility
SOAIX vs. SOAMX - Volatility Comparison
Spirit of America Income Fund (SOAIX) has a higher volatility of 1.09% compared to Spirit of America Municipal Tax Free Bond Fund (SOAMX) at 0.72%. This indicates that SOAIX'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
| SOAIX | SOAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.72% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 1.90% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 2.48% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 3.48% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 3.24% | +2.23% |
SOAIX vs. SOAMX - Expense Ratio Comparison
SOAIX has a 1.12% expense ratio, which is higher than SOAMX's 0.92% expense ratio.
Dividends
SOAIX vs. SOAMX - Dividend Comparison
SOAIX's dividend yield for the trailing twelve months is around 6.61%, more than SOAMX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOAIX Spirit of America Income Fund | 6.61% | 6.57% | 5.41% | 6.09% | 8.05% | 4.93% | 3.79% | 4.27% | 4.71% | 4.36% | 4.42% | 4.74% |
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
SOAIX and SOAMX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOAIX has higher volatility (1.09%) compared to SOAMX (0.72%). In terms of maximum drawdown, SOAIX dropped -16.76% vs SOAMX's -27.48%.
SOAMX currently has the higher Sharpe Ratio (2.43 vs 1.75), 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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