AlphaCentric Premium Opportunity Fund (HMXIX) Sharpe Ratio: 0.59

HMXIX's Sharpe Ratio of 0.59 indicates that for each unit of volatility, it generates 0.59 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 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.

HMXIX Sharpe Ratio Rank

Below Average

HMXIX ranks above 22.2% 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

HMXIX Sharpe Ratio Market Positioning

The chart shows HMXIX'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%): 0.65 or lower
Yellow zone (middle 50%): 0.65 to 1.37
Green zone (top 25%): 1.37 or higher
Top 1%: 3.58+
Median: 1.00 — half of all investments score higher

How it compares to other similar mutual funds

The table compares AlphaCentric Premium Opportunity Fund's Sharpe Ratio with other mutual funds in the Options Trading category across multiple time periods, showing how HMXIX'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 Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
PPFIX	Princeton Premium Fund	1.66
EIVPX	Parametric Volatility Risk Premium - Defensive Fund	1.12
CIHEX	Calamos Hedged Equity Fund	1.11
SHIIX	Catalyst Buffered Shield Fund	1.06
APLIX	Cavanal Hill Hedged Income Fund	1.00
SDRIX	Swan Defined Risk Fund	0.92
JDIEX	Easterly Hedged Equity Fund	0.92
JHQTX	JPMorgan Hedged Equity 3 Fund	0.92
STTIX	North SquareTrilogy Alternative Return Fund	0.91
SDAIX	Swan Defined Risk Growth Fund	0.80
HMXIX	AlphaCentric Premium Opportunity Fund	0.59

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows HMXIX'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 HMXIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading graphics...

Explore HMXIX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

HMXIX Sortino Ratio