Fund Evaluator:
IDX Adaptive Opportunities Instl (COIDX)
Follow This Fund
Best Performing in Commodities Broad Basket Over the Last Year
| 41.8% | Invesco Balanced-Risk Commodity Strat Y (BRCYX) |
| 39.4% | PGIM Quant Solutions Commodity Strats Z (PQCZX) |
| 37.3% | ALPS/CorCmdty Mgmt CmpltCmdty Strat I (JCRIX) |
| 37.1% | ALPS/CorCmdty Mgmt CmpltCmdty Strat Inv (JCRAX) |
| 35.2% | Cantor Fitzgerald Commodity RetStratPort (CCRSX) |
Fund Details
IDX Adaptive Opportunities Instl Overview
IDX Adaptive Opportunities Instl (COIDX) is an actively managed Commodities Commodities Broad Basket fund. IDX Advisors, LLC launched the fund in 2022.
The investment seeks total return, which includes long-term capital appreciation. The fund pursues its investment objective by investing globally across a wide range of asset classes, including commodities, equities, fixed income, digital assets, and currencies, and may take both long and short positions in each asset class or instruments. The fund is non-diversified.
About IDX Adaptive Opportunities Instl (COIDX)
There are 2 members of the management team with an average tenure of 3.75 years: Benjamin McMillan (2022), Josh Myers (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and ICE BofA SOFR Overnight Rate TR USD index with a weighting of 100%. IDX Adaptive Opportunities Instl has 11 securities in its portfolio. The top 10 holdings constitute 99.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
IDX Adaptive Opportunities Instl is part of the Real Assets global asset class and is within the Commodities fund group. IDX Adaptive Opportunities Instl has 5.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 13.6%. There is 5.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). IDX Adaptive Opportunities Instl has 76.0% of the portfolio in cash.
Assets Under Management
The fund has $28 million in total assets, which is below the $481 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
COIDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The IDX Adaptive Opportunities Instl expense ratio is high compared to funds in the Commodities Broad Basket category. IDX Adaptive Opportunities Instl has an expense ratio of 2.00%, which is 82% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. IDX Adaptive Opportunities Instl has a portfolio turnover rate of 41%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Commodities Broad Basket category.
Recently, in the month of July 2026, IDX Adaptive Opportunities Instl returned -3.1%, which earned it a grade of F, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
IDX Adaptive Opportunities Instl has a trailing yield of 7.79%, which is below the 9.29% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
IDX Adaptive Opportunities Instl Grades
Year to date, the fund has returned -1.9%, 24.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 13.7% over the past year (grade of F) and 3.6% over the past three years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about IDX Adaptive Opportunities Instl, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
COIDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| COIDX Return (NAV) | -3.1% | -11.2% | 13.7% | 3.6% | na | na |
| COIDX Grade | F | F | F | F | na | na |
| +/- Category | -10.0% | -6.8% | -20.5% | -8.5% | na | na |
| Commodities Broad Basket Avg | 6.9% | -4.4% | 34.2% | 12.1% | 10.7% | 7.8% |
| COIDX Tax Cost Ratio | na | na | 3.1% | 1.8% | na | na |
COIDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| COIDX Return (NAV) | -1.9% | 19.3% | -3.0% | -2.8% | na | na | na | na | na | na | na |
| COIDX Grade | F | A | F | A | na | na | na | na | na | na | na |
| +/- Category | -24.4% | 3.4% | -8.0% | 3.3% | na | na | na | na | na | na | na |
| Commodities Broad Basket Avg | 22.4% | 15.9% | 5.0% | -6.1% | 14.4% | 30.6% | -2.7% | 10.0% | -13.2% | 4.6% | 13.5% |
| Risk Measures | |
| Standard Deviation: | 10.2% |
| Total Risk Index: | 0.83 - Average |
| Category Risk Index: | 0.80 - Low |
| Category Risk Grade: | A (5% Rank) |
| Beta: | 0.29 |
| R-Squared: | 15% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 7.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $28 Mil |
| Fund Total Assets: | $ 29 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): McMillan Benjamin (2022), Myers Josh (2022) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 11 |
| % in Top 10 Holdings: | 99.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.6% |
Portfolio Allocation |
|
| Domestic Stock: | 13.6% |
| Foreign Stock: | 5.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 4.8% |
| Cash: | 76.0% |
Purchase Information
| Fund Family: | IDX Advisors, LLC |
| Phone Number: | 216-329-4271 |
| Website: |
| Status: | Open |
| Inception Date: | November 1, 2022 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 2.00% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.10% |
| Share Class: | IDX Adaptive Opportunities Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
