- ISIN
- US62827P7419
- CUSIP
- 62827P741
- Issuer
- AlphaCentric Funds
- Inception Date
- Sep 29, 2016
- Category
- Options Trading
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
Share Price Chart
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Performance
HMXIX Performance Chart
AlphaCentric Premium Opportunity Fund (HMXIX) is up 8.2% since the beginning of the year. HMXIX is currently trading at $32 per share. Investors who bought $1,000 worth of HMXIX shares 5 years ago would now be looking at an investment worth $1,354.
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Returns By Period
AlphaCentric Premium Opportunity Fund (HMXIX) has returned 8.19% so far this year and 22.03% over the past 12 months. Over the last ten years, HMXIX has returned 7.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
AlphaCentric Premium Opportunity Fund
- 1D
- 1.18%
- 1M
- 1.08%
- YTD
- 8.19%
- 6M
- 7.57%
- 1Y
- 22.03%
- 3Y*
- 10.25%
- 5Y*
- 6.25%
- 10Y*
- 7.62%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HMXIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 31, 2012, HMXIX's average daily return is +0.05%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 71% of months were positive and 29% were negative. The best month was Mar 2020 with a return of +17.4%, while the worst month was Feb 2018 at -12.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HMXIX closed higher 56% of trading days. The best single day was Mar 13, 2020 with a return of +8.9%, while the worst single day was Feb 6, 2018 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.17% | -0.89% | -2.92% | 7.08% | 6.12% | -1.22% | 8.19% | ||||||
| 2025 | 2.03% | -1.71% | -5.09% | -3.97% | 3.98% | 4.82% | 3.37% | 2.17% | 2.59% | 2.88% | -1.32% | -0.78% | 8.73% |
| 2024 | 0.48% | 2.63% | 1.37% | -3.00% | 3.38% | 2.63% | 0.66% | -2.82% | 1.81% | -0.31% | 3.91% | -1.92% | 8.86% |
| 2023 | 3.76% | -1.26% | 1.32% | 1.30% | 0.68% | 2.87% | 2.02% | -0.57% | -3.37% | -1.94% | 5.77% | 2.37% | 13.36% |
| 2022 | -2.95% | -1.63% | 1.58% | -4.56% | 0.24% | -4.11% | 3.74% | -1.64% | -4.08% | 2.99% | 2.53% | -2.79% | -10.62% |
| 2021 | -0.23% | 0.86% | 1.39% | 1.75% | -0.07% | 0.67% | 0.93% | 1.07% | -1.86% | 2.08% | -0.40% | 1.44% | 7.82% |
Benchmark Metrics
AlphaCentric Premium Opportunity Fund has an annualized alpha of 6.44%, beta of 0.39, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since August 31, 2012.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (46.11%) than losses (24.62%) - typical of diversified or defensive assets.
- Beta of 0.39 may look defensive, but with R2 of 0.40 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.40 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 6.44%
- Beta
- 0.39
- R²
- 0.40
- Upside Capture
- 46.11%
- Downside Capture
- 24.62%
Expense Ratio
HMXIX has a high expense ratio of 1.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HMXIX ranks 40 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AlphaCentric Premium Opportunity Fund (HMXIX) and compare them to S&P 500 Index.
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.
| HMXIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.78 | -0.25 |
| Martin ratioReturn relative to average drawdown | 8.65 | 12.44 | -3.79 |
Dividends
Dividend History
AlphaCentric Premium Opportunity Fund provided a 5.67% dividend yield over the last twelve months, with an annual payout of $1.80 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.80 | $1.80 | $0.62 | $0.00 | $0.00 | $1.27 | $0.58 | $0.00 | $0.00 | $0.09 | $0.03 |
Dividend yield | 5.67% | 6.13% | 2.17% | 0.00% | 0.00% | 4.78% | 2.26% | 0.00% | 0.00% | 0.47% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for AlphaCentric Premium Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.80 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AlphaCentric Premium Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AlphaCentric Premium Opportunity Fund was 15.80%, occurring on Apr 21, 2025. Recovery took 67 trading sessions.
The current AlphaCentric Premium Opportunity Fund drawdown is 1.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.80%Apr 2025 | 2mo | 3mo 8d | 5mo 8dFeb 2025 - Jul 2025 |
2018 correction2018 | -14.81%Apr 2018 | 3mo 14d | 1y 10d | 1y 3moDec 2017 - Apr 2019 |
Bear market2022 | -13.61%Oct 2022 | 9mo 11d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2024 pullback2024 | -9.87%Aug 2024 | 19d | 3mo 5d | 3mo 24dJul 2024 - Nov 2024 |
2026 pullback2026 | -8.69%Mar 2026 | 4mo 28d | 1mo 4d | 6mo 2dOct 2025 - Apr 2026 |
Drawdown Indicators
| HMXIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -56.78% | +40.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -9.10% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -18.90% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -25.43% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | -33.92% | +18.12% |
Current DrawdownCurrent decline from peak | -1.89% | -1.80% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -10.71% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.03% | +0.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with HMXIX
Add AlphaCentric Premium Opportunity Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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