SOAVX vs. SOAEX

Last updated Jun 23, 2026

SOAVX (Spirit of America Large Cap Value Fund) and SOAEX (Spirit of America Energy Fund) are both mutual funds - SOAVX is a Large Cap Blend Equities fund managed by Spirit of America, while SOAEX is a Energy Equities fund managed by Spirit of America. Over the past 10 years, SOAVX returned 15.50%/yr vs 32.96%/yr for SOAEX. At a 0.50 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

SOAVX vs. SOAEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spirit of America Large Cap Value Fund (SOAVX) and Spirit of America Energy Fund (SOAEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOAVX achieves a 13.44% return, which is significantly lower than SOAEX's 21.40% return. Over the past 10 years, SOAVX has underperformed SOAEX with an annualized return of 15.50%, while SOAEX has yielded a comparatively higher 32.96% annualized return.

SOAVX

• 1D: 1.13%
• 1M: 0.50%
• YTD: 13.44%
• 6M: 13.01%
• 1Y: 29.96%
• 3Y*: 24.60%
• 5Y*: 16.44%
• 10Y*: 15.50%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOAVX vs. SOAEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOAVX Spirit of America Large Cap Value Fund	13.44%	17.76%	33.24%	25.72%	-17.65%	29.26%	15.55%	29.54%	-7.87%	20.22%
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%

Correlation

The correlation between SOAVX and SOAEX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014	0.50

Over the past year, the correlation between SOAVX and SOAEX has dropped to 0.14 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

SOAVX vs. SOAEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOAVX

SOAVX Risk / Return Rank: 62
SOAVX Sharpe Ratio Rank: 59
SOAVX Sortino Ratio Rank: 51
SOAVX Omega Ratio Rank: 52
SOAVX Calmar Ratio Rank: 79
SOAVX Martin Ratio Rank: 71

SOAEX

SOAEX Risk / Return Rank: 39
SOAEX Sharpe Ratio Rank: 32
SOAEX Sortino Ratio Rank: 29
SOAEX Omega Ratio Rank: 27
SOAEX Calmar Ratio Rank: 66
SOAEX Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOAVX vs. SOAEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spirit of America Large Cap Value Fund (SOAVX) and Spirit of America Energy Fund (SOAEX). 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.

	SOAVX	SOAEX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.51	+0.57
Sortino ratio: Return per unit of downside risk	2.77	2.08	+0.69
Omega ratio: Gain probability vs. loss probability	1.36	1.25	+0.11
Calmar ratio: Return relative to maximum drawdown	3.42	2.97	+0.45
Martin ratio: Return relative to average drawdown	12.68	8.17	+4.51

SOAVX vs. SOAEX - Sharpe Ratio Comparison

The current SOAVX Sharpe Ratio is 2.07, which is higher than the SOAEX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of SOAVX and SOAEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOAVX vs. SOAEX - Drawdown Comparison

The maximum SOAVX drawdown since its inception was -47.48%, smaller than the maximum SOAEX drawdown of -67.07%. Use the drawdown chart below to compare losses from any high point for SOAVX and SOAEX.

Drawdown Indicators

	SOAVX	SOAEX	Difference
Max Drawdown Largest peak-to-trough decline	-47.48%	-67.07%	+19.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-8.03%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-20.96%	-19.30%	-1.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.31%	-20.84%	-4.47%
Max Drawdown (10Y) Largest decline over 10 years	-34.22%	-67.07%	+32.85%
Current Drawdown Current decline from peak	-1.44%	-7.45%	+6.01%
Average Drawdown Average peak-to-trough decline	-6.22%	-14.84%	+8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.91%	-0.59%

Volatility

SOAVX vs. SOAEX - Volatility Comparison

Spirit of America Large Cap Value Fund (SOAVX) has a higher volatility of 5.45% compared to Spirit of America Energy Fund (SOAEX) at 5.09%. This indicates that SOAVX's price experiences larger fluctuations and is considered to be riskier than SOAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOAVX	SOAEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	5.09%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	11.29%	12.41%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.24%	15.83%	-1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.75%	19.90%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	97.67%	-79.20%

SOAVX vs. SOAEX - Expense Ratio Comparison

Both SOAVX and SOAEX have an expense ratio of 1.50%.

Dividends

SOAVX vs. SOAEX - Dividend Comparison

SOAVX's dividend yield for the trailing twelve months is around 8.19%, less than SOAEX's 12.14% 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%
SOAVX Spirit of America Large Cap Value Fund	8.19%	9.29%	6.42%	5.31%	9.80%	6.68%	5.72%	6.21%	7.56%	5.56%	6.31%	3.20%

Frequently Asked Questions

Can I hold both SOAVX and SOAEX in my portfolio?

SOAVX and SOAEX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOAVX or SOAEX?

SOAVX has higher volatility (5.45%) compared to SOAEX (5.09%). In terms of maximum drawdown, SOAVX dropped -47.48% vs SOAEX's -67.07%.

Which has better risk-adjusted returns?

SOAVX currently has the higher Sharpe Ratio (2.07 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.