SDRAX

Active

Swan Defined Risk Fund

Category: US Equity (9,528 funds)

Expense Ratio

1.50%

Annual Cost per $10K

$150.00

30-Year Fee Drag per $10K

$26,283

at 7% annual return

Fund Type

Mutual Fund

Active

Trailing 12-Month

+9.03%

Asset Allocation

US Equity

100%

Fee Comparison

SDRAX

1.50%

US Equity average

1.06%

US Equity cheapest

BKLC

0.00%

Index benchmark

0.03%

42% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of December 2025 · Updated quarterly

+34.19%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

SDRAX at 1.50%$249,198

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$131,415

Cost vs index fund−$128,227

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of December 2025

Ticker	Name	ER	1yr	3yr	5yr
SDRAX	Swan Defined Risk Fund	1.50%	+9.03%	+10.30%	+8.40%
QCEQFX	College Retirement Equities Fund - Equity Index Account	—	+17.59%	+20.66%	—
VMCAX	VANGUARD TAX-MANAGED CAPITAL APPRECIATION FUND	—	—	—	—
QCGRFX	College Retirement Equities Fund - Growth Account	—	+21.80%	+29.56%	—
EGFSX	Edgewood Growth Fund	1.25%	—	—	—
PABGX	T. Rowe Price Blue Chip Growth Fund, Inc.	0.95%	+22.77%	+30.95%	+13.30%
PARCX	T. Rowe Price Retirement 2030 Fund	0.81%	+8.82%	+11.47%	+7.60%
TRSAX	T. Rowe Price Growth Stock Fund, Inc.	0.91%	+20.06%	+25.87%	+11.73%
PARDX	T. Rowe Price Retirement 2040 Fund	0.85%	+10.45%	+14.07%	+9.39%
PARKX	T. Rowe Price Retirement 2035 Fund	0.84%	+9.67%	+12.87%	+8.55%
APGAX	AB LARGE CAP GROWTH FUND INC	0.82%	+19.87%	+24.41%	+14.96%
LGRRX	Loomis Sayles Growth Fund	0.91%	+26.71%	+32.95%	+17.45%
PARLX	T. Rowe Price Retirement 2045 Fund	0.86%	+11.17%	+14.90%	+10.04%
PARJX	T. Rowe Price Retirement 2025 Fund	0.79%	+8.13%	+10.24%	+6.74%
HCAIX	Harbor Capital Appreciation Fund	1.02%	+24.97%	+29.99%	+14.50%
FLMVX	JPMorgan Mid Cap Value Fund	1.09%	+3.73%	+9.96%	+13.22%
CIVVX	CAUSEWAY INTERNATIONAL VALUE FUND	1.10%	+21.56%	+28.05%	+15.80%
PAALX	PIMCO All Asset Fund	2.11%	+11.25%	+9.25%	+7.73%
AULGX	Ultra Fund	0.69%	+24.32%	+27.17%	+16.40%
PLFMX	LargeCap S&P 500 Index Fund	1.29%	+20.60%	+21.78%	+16.77%
VVIPX	Voya VACS Index Series S Portfolio	—	+18.46%	—	—
TRGOX	T. Rowe Price Large-Cap Growth Fund	0.70%	+20.76%	+27.76%	+14.98%
JHLGX	Multimanager Lifestyle Growth Portfolio	0.97%	+10.39%	+12.50%	+8.67%
JGACX	JPMorgan Growth Advantage Fund	0.99%	+20.21%	+25.78%	+15.42%
PARBX	T. Rowe Price Retirement 2020 Fund	0.77%	+7.95%	+9.61%	+6.15%
HAGAX	Carillon Eagle Mid Cap Growth Fund	1.03%	+10.19%	+3.99%	+3.20%
ERASX	Eaton Vance Atlanta Capital SMID-Cap Fund	0.81%	-6.55%	+8.19%	+10.62%
AMLP	Alerian MLP ETF	0.85%	+11.22%	+15.99%	+26.03%
TRRMX	T. Rowe Price Retirement 2050 Fund	0.63%	+11.69%	+15.46%	+10.47%
MLINX	NYLI Winslow Large Cap Growth Fund	1.13%	+26.30%	+29.90%	+16.26%
JENIX	The Jensen Quality Growth Fund Inc	1.26%	+2.22%	+10.27%	+9.73%
PACOX	T. Rowe Price U.S. Equity Research Fund	0.83%	+17.11%	+22.28%	+17.13%
DCCAX	Macquarie Small Cap Core Fund	1.06%	+3.92%	+7.97%	+10.36%
CSXCX	Calvert U.S. Large Cap Core Responsible Index Fund	1.24%	+15.10%	+19.43%	+14.02%
PLCGX	LargeCap Growth Fund I	0.94%	+20.55%	+25.37%	+13.12%
FUNCX	Victory Pioneer Fundamental Growth Fund	1.72%	—	—	—
TRRNX	T. Rowe Price Retirement 2055 Fund	0.64%	+11.76%	+15.51%	+10.49%
HGISX	HARTFORD CORE EQUITY FUND	0.76%	+17.93%	+19.77%	+14.80%
DDVAX	Macquarie Value Fund	0.97%	+3.67%	+7.00%	+9.00%
JULAX	Multimanager Lifestyle Aggressive Portfolio	1.02%	+11.26%	+13.89%	+9.93%
CSJFX	Cohen & Steers Realty Shares	0.80%	—	—	—
CSRIX	Cohen & Steers Institutional Realty Shares$1M min	0.75%	-3.01%	+7.64%	+8.15%
GATEX	Gateway Fund	0.94%	+10.48%	+12.62%	+8.45%
LMPPX	ClearBridge Appreciation Fund	1.24%	+17.58%	+18.69%	+15.17%
SAMVX	Virtus Ceredex Mid-Cap Value Equity Fund	1.29%	+0.79%	-31.31%	-36.42%
SDRCX	Swan Defined Risk Fund	1.50%	+8.21%	+9.48%	+7.57%
RYOCX	NASDAQ-100 Fund	1.27%	+22.56%	+28.53%	+16.71%
CIPMX	Champlain MidCap Fund	1.09%	+9.69%	+11.41%	+4.92%
SXPCX	DWS S&P 500 Index Fund	1.26%	+17.24%	+20.24%	+15.64%
DEVLX	Macquarie Small Cap Value Fund	1.10%	+5.14%	+8.82%	+13.27%
CREFX	Cohen & Steers Real Estate Securities Fund	0.75%	-3.40%	+8.19%	+8.29%
JAIZX	Managed Volatility Growth Portfolio	0.77%	+9.56%	+12.25%	+8.08%
CGWRX	Columbia Cornerstone Growth Fund	0.97%	+26.14%	+28.98%	+17.13%
FRURX	Franklin Utilities Fund	1.06%	+9.03%	+12.29%	+10.19%
JILBX	Multimanager Lifestyle Balanced Portfolio	0.96%	+8.73%	+10.34%	+6.81%
IAVGX	VOYA GROWTH AND INCOME PORTFOLIO	1.12%	+15.94%	+20.31%	+17.56%
ESBLX	Eaton Vance Floating-Rate Fund	0.75%	+4.93%	+8.52%	+5.82%
AWEVX	CIBC ATLAS DISCIPLINED EQUITY FUND	1.12%	—	—	—
JDPAX	Janus Henderson Mid Cap Value Fund	1.20%	+3.22%	+15.42%	+10.80%
PARHX	T. Rowe Price Retirement 2015 Fund	0.75%	+7.77%	+9.25%	+5.77%
TRGIX	Nuveen Core Equity Fund	0.65%	+16.96%	+23.93%	+17.05%
ATHAX	Heritage Fund	1.25%	+17.53%	+18.03%	+9.78%
TRLCX	Nuveen Large Cap Value Fund	0.66%	+9.77%	+14.08%	+15.21%
IEOPX	VOYA LARGE CAP GROWTH PORTFOLIO	0.92%	+21.73%	+25.73%	+14.55%
JHDCX	JPMorgan Hedged Equity 2 Fund	1.35%	+7.03%	+12.18%	—
AFDIX	Large Cap Equity Fund	0.79%	+14.54%	+18.36%	+14.49%
WHGAX	WESTWOOD QUALITY SMALLCAP FUND	1.79%	-13.32%	-20.39%	—
ECFAX	Eaton Vance Floating-Rate Advantage Fund	2.35%	+4.66%	+8.88%	+5.90%
JAIYX	Managed Volatility Balanced Portfolio	0.75%	+8.41%	+10.59%	+6.15%
OALGX	Optimum Large Cap Growth Fund	1.20%	+20.86%	+26.63%	+12.91%
SUWAX	DWS Core Equity Fund	0.83%	+16.05%	+18.97%	+15.86%
ASLGX	Select Fund	0.70%	+25.24%	+25.82%	+16.52%
PRSGX	T. Rowe Price Spectrum Diversified Equity Fund	0.73%	+13.56%	+17.27%	+12.70%
TRRLX	T. Rowe Price Retirement 2060 Fund	0.64%	+11.77%	+15.49%	+10.50%
HCMEX	HCM Multi-Asset Plus Fund	1.64%	+18.41%	+17.45%	+9.37%
HCMNX	HCM Sector Plus Fund	1.97%	+17.39%	+17.45%	+16.57%
HCMDX	HCM Tactical Plus Fund	1.98%	+22.23%	+23.70%	+15.66%
FFEIX	Nuveen Dividend Value Fund	0.95%	+7.72%	+11.03%	+13.39%
CAPEX	Eaton Vance Tax-Managed Growth Fund 1.0	—	+17.76%	+22.27%	+16.61%
BCSIX	Brown Capital Management Small Company Fund	1.31%	-7.19%	+2.19%	-4.35%
JAIJX	Lifestyle Growth Portfolio	0.61%	+15.26%	+15.55%	+10.14%
FMUEX	Free Market U.S. Equity Fund$1M min	0.76%	+8.52%	+12.79%	+14.84%
GSPAX	Goldman Sachs U.S. Equity Dividend and Premium Fund	1.01%	+13.89%	+17.90%	+13.88%
GLPSX	Goldman Sachs MLP Energy Infrastructure Fund	1.08%	+10.86%	+17.80%	+26.52%
CIPSX	Champlain Small Company Fund	1.24%	+4.22%	+11.70%	+4.79%
RRTAX	T. Rowe Price Retirement 2010 Fund	0.99%	+7.25%	+8.60%	+5.07%
LCGNX	William Blair Large Cap Growth Fund	0.90%	+15.30%	+24.94%	+14.61%
VCSTX	Science & Technology Fund	0.91%	+25.42%	+27.53%	+13.07%
BMCAX	BlackRock Advantage Large Cap Growth Fund	1.12%	+21.63%	+23.93%	+13.65%
TADAX	Transamerica US Growth	1.03%	+27.82%	+28.37%	+15.82%
AWMVX	CIBC ATLAS MID CAP EQUITY FUND	1.23%	—	—	—
COAVX	Columbia Overseas Value Fund	0.82%	+26.74%	+20.81%	+13.99%
LCBVX	ClearBridge Large Cap Value Fund	1.40%	+7.08%	+10.45%	+12.29%
BMDSX	Baird Mid Cap Growth Fund	1.06%	-6.40%	+2.85%	+2.89%
GQEPX	GQG PARTNERS US SELECT QUALITY EQUITY FUND	0.70%	-2.17%	+16.88%	+13.24%
VVSVX	Venerable US Large Cap Strategic Equity Fund	0.86%	+16.48%	—	—
OWACX	Old Westbury All Cap Core Fund	0.96%	+13.16%	+19.23%	+13.25%
HBGIX	HARTFORD DISCIPLINED EQUITY HLS FUND	0.84%	+15.09%	+18.62%	+14.28%
INDCX	Victory Pioneer Disciplined Growth Fund	0.98%	—	—	—
HFMDX	Hennessy Cornerstone Mid Cap 30 Fund	1.33%	+2.61%	+20.30%	+22.69%
MXAPX	Empower Aggressive Profile Fund	1.14%	+14.90%	+15.43%	+12.37%

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