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Alpha Alternative Assets Fund (AAACX) Sharpe Ratio: 1.10

Mutual Fund · Currency in USD · Last updated Jul 25, 2026

The Alpha Alternative Assets Fund is a closed-end interval fund managed by Alpha Growth Management that invests in esoteric and longevity-based alternative assets, including life settlements, structured settlements, royalties and legal finance. Its objective is to deliver returns with low correlation to traditional equity and bond markets. Shares cannot be redeemed daily; the fund conducts quarterly repurchase offers for at least 5% of outstanding shares and pays dividends quarterly.

AAACX's Sharpe Ratio of 1.10 indicates that for each unit of volatility, it generates 1.10 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

AAACX Sharpe Ratio Rank

AAACX Sharpe Ratio Rank: 35.636
Below Average

AAACX ranks above 35.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

AAACX Sharpe Ratio Market Positioning

The chart shows AAACX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 1.73
  • Green zone (top 25%): 1.73 or higher
  • Top 1%: 3.74+
  • Median: 1.34 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Alpha Alternative Assets Fund's Sharpe Ratio with other mutual funds in the Multistrategy category across multiple time periods, showing how AAACX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SRRIXStone Ridge Reinsurance Risk Premium Interval Fund13.14
ARBIXAbsolute Convertible Arbitrage Fund Institutional Shares7.08
FSLTXStrategic Advisers Alternatives Fund5.43
SHRIXStone Ridge High Yield Reinsurance Risk Premium Fund Class I5.03
ADAIXAQR Diversified Arbitrage Fund Class I4.42
BXMIXBlackstone Alternative Multi-Strategy Fund4.40
ADANXAQR Diversified Arbitrage Fund Class N4.22
SPATXSymmetry Panoramic Alternatives Fund4.00
QRPRXAQR Alternative Risk Premia R63.97
QRPIXAQR Alternative Risk Premia Fund - Class I3.94
AAACXAlpha Alternative Assets Fund1.10

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows AAACX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when AAACX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does AAACX fit in your portfolio?

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