SOAMX vs. SOAIX
SOAMX (Spirit of America Municipal Tax Free Bond Fund) and SOAIX (Spirit of America Income Fund) are both mutual funds - SOAMX is a Municipal Bonds fund managed by Spirit of America, while SOAIX is a Long-Term Bond fund managed by Spirit of America. Over the past 10 years, SOAMX returned 1.18%/yr vs 3.23%/yr for SOAIX. At a 0.48 correlation, their price movements are largely independent. SOAMX charges 0.92%/yr vs 1.12%/yr for SOAIX.
Performance
SOAMX vs. SOAIX - Performance Comparison
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Returns By Period
In the year-to-date period, SOAMX achieves a 1.63% return, which is significantly higher than SOAIX's 1.19% return. Over the past 10 years, SOAMX has underperformed SOAIX with an annualized return of 1.18%, while SOAIX has yielded a comparatively higher 3.23% annualized return.
SOAMX
- 1D
- 0.00%
- 1M
- 1.61%
- YTD
- 1.63%
- 6M
- 2.06%
- 1Y
- 6.00%
- 3Y*
- 2.70%
- 5Y*
- 0.19%
- 10Y*
- 1.18%
SOAIX
- 1D
- -0.40%
- 1M
- 0.86%
- YTD
- 1.19%
- 6M
- 1.71%
- 1Y
- 5.90%
- 3Y*
- 5.77%
- 5Y*
- 1.48%
- 10Y*
- 3.23%
SOAMX vs. SOAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOAIX Spirit of America Income Fund | 1.19% | 6.50% | 5.37% | 6.91% | -12.68% | 4.59% | 5.96% | 11.66% | -0.83% | 7.53% |
Correlation
The correlation between SOAMX and SOAIX 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 | 0.48 |
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 SOAMX and SOAIX has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
SOAMX vs. SOAIX — Risk / Return Rank
SOAMX
SOAIX
SOAMX vs. SOAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit of America Municipal Tax Free Bond Fund (SOAMX) and Spirit of America Income Fund (SOAIX). 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.
| SOAMX | SOAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.29 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.98 | +0.77 |
| Martin ratioReturn relative to average drawdown | 11.21 | 5.23 | +5.98 |
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Drawdowns
SOAMX vs. SOAIX - Drawdown Comparison
The maximum SOAMX drawdown since its inception was -27.48%, which is greater than SOAIX's maximum drawdown of -16.76%. Use the drawdown chart below to compare losses from any high point for SOAMX and SOAIX.
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Drawdown Indicators
| SOAMX | SOAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.48% | -16.76% | -10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -3.16% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -5.91% | -6.76% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.12% | -16.76% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -14.12% | -16.76% | +2.64% |
Current DrawdownCurrent decline from peak | 0.00% | -1.78% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -3.09% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.19% | -0.65% |
Volatility
SOAMX vs. SOAIX - Volatility Comparison
The current volatility for Spirit of America Municipal Tax Free Bond Fund (SOAMX) is 0.72%, while Spirit of America Income Fund (SOAIX) has a volatility of 1.14%. This indicates that SOAMX experiences smaller price fluctuations and is considered to be less risky than SOAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOAMX | SOAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 1.14% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 2.88% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 3.91% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 6.04% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 5.47% | -2.23% |
SOAMX vs. SOAIX - Expense Ratio Comparison
SOAMX has a 0.92% expense ratio, which is lower than SOAIX's 1.12% expense ratio.
Dividends
SOAMX vs. SOAIX - Dividend Comparison
SOAMX's dividend yield for the trailing twelve months is around 3.45%, less than SOAIX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOAIX Spirit of America Income Fund | 6.64% | 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
SOAMX and SOAIX 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 (1.14%) compared to SOAMX (0.72%). In terms of maximum drawdown, SOAMX dropped -27.48% vs SOAIX's -16.76%.
SOAMX currently has the higher Sharpe Ratio (2.43 vs 1.60), 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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