Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +0.60% | -6.83% | -7.00% | -10.78% | -17.89% | -19.71% | -5.73% | -10.92% | -4.34% | -2.42% |
| Market-price total return | +0.60% | -5.82% | -3.96% | -4.97% | -9.91% | -9.34% | +5.77% | -0.09% | +5.02% | +5.55% |
| NAV return | -0.16% | -2.38% | -4.21% | -5.25% | -11.78% | -13.40% | -5.04% | -7.85% | -3.62% | -1.10% |
| NAV total return | -0.16% | -1.48% | -1.57% | -0.02% | -4.49% | -3.82% | +5.17% | +2.14% | +4.97% | +6.51% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.13% | 0.09% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.14% | 0.08% | as above |
| Volatility, 5 years | 0.16% | 0.09% | as above |
| Maximum drawdown, 3 years | -13.32% | -8.57% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.15 | 0.12 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.21 | 0.15 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.66 | — | AGG (U.S. aggregate bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.25 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for High Income Securities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.