- ISIN
- US4702587084
- CUSIP
- 803431253
- Issuer
- James Alpha Advisors
- Inception Date
- Jul 30, 2015
- Category
- Options Trading
- Min. Investment
- $1,000,000
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
Share Price Chart
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Performance
JDIEX Performance Chart
Easterly Hedged Equity Fund (JDIEX) is up 7.6% since the beginning of the year. JDIEX is currently trading at $16 per share. Investors who bought $1,000 worth of JDIEX shares 5 years ago would now be looking at an investment worth $1,662.
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Returns By Period
Easterly Hedged Equity Fund (JDIEX) has returned 7.61% so far this year and 17.49% over the past 12 months. Over the last ten years, JDIEX has returned 8.91% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Easterly Hedged Equity Fund
- 1D
- 0.56%
- 1M
- 0.00%
- YTD
- 7.61%
- 6M
- 7.32%
- 1Y
- 17.49%
- 3Y*
- 14.34%
- 5Y*
- 10.70%
- 10Y*
- 8.91%
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%
JDIEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, JDIEX's average daily return is +0.04%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2026 with a return of +5.5%, while the worst month was Feb 2020 at -4.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, JDIEX closed higher 49% of trading days. The best single day was Dec 9, 2021 with a return of +10.7%, while the worst single day was Dec 10, 2021 at -9.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.07% | -0.73% | -0.33% | 5.47% | 2.78% | -0.74% | 7.61% | ||||||
| 2025 | 1.27% | -0.74% | -0.82% | -1.27% | 3.57% | 2.93% | 1.35% | 1.40% | 2.15% | 1.63% | 0.00% | -0.07% | 11.87% |
| 2024 | 0.88% | 2.60% | 2.03% | -1.24% | 2.85% | 2.04% | 1.36% | 2.45% | 1.23% | -0.38% | 3.59% | -1.16% | 17.36% |
| 2023 | 3.30% | -0.78% | 1.86% | 0.77% | 0.10% | 3.42% | 1.38% | -0.63% | -1.92% | -0.65% | 4.49% | 2.57% | 14.58% |
| 2022 | -1.43% | -1.93% | 1.08% | -3.21% | 2.41% | -3.34% | 4.16% | -1.27% | -4.24% | 5.26% | 3.04% | -2.74% | -2.74% |
| 2021 | 0.19% | 1.24% | 2.26% | 1.47% | 0.27% | 0.54% | 0.99% | 0.98% | -1.50% | 2.60% | -0.17% | 1.90% | 11.25% |
Benchmark Metrics
Easterly Hedged Equity Fund has an annualized alpha of 2.01%, beta of 0.49, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (42.50%) than losses (37.12%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.01% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.49 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.01%
- Beta
- 0.49
- R²
- 0.67
- Upside Capture
- 42.50%
- Downside Capture
- 37.12%
Expense Ratio
JDIEX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
JDIEX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) 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.
| JDIEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 2.78 | +2.17 |
| Martin ratioReturn relative to average drawdown | 18.73 | 12.44 | +6.29 |
Dividends
Dividend History
Easterly Hedged Equity Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.01 | $0.03 | $0.24 | $1.12 | $0.84 | $0.21 | $1.03 | $0.27 | $0.01 |
Dividend yield | 0.00% | 0.00% | 0.09% | 0.23% | 2.45% | 10.68% | 8.01% | 1.99% | 10.75% | 2.57% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Easterly Hedged Equity 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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.12 |
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 Easterly Hedged Equity 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 Easterly Hedged Equity Fund was 17.63%, occurring on Mar 23, 2020. Recovery took 79 trading sessions.
The current Easterly Hedged Equity Fund drawdown is 0.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -17.63%Mar 2020 | 1mo 1d | 3mo 24d | 4mo 25dFeb 2020 - Jul 2020 |
Bear market2022 | -17.57%Jun 2022 | 6mo 8d | 1y 6mo | 2y 8dDec 2021 - Dec 2023 |
2025 selloff2025 | -10.66%Apr 2025 | 1mo 17d | 1mo 8d | 2mo 25dFeb 2025 - May 2025 |
Rate-hike selloffLate 2018 | -8.26%Dec 2018 | 20d | 1mo 12d | 2mo 2dDec 2018 - Feb 2019 |
2016 pullback2016 | -6.39%Feb 2016 | 1mo 6d | 1mo 4d | 2mo 10dJan 2016 - Mar 2016 |
Drawdown Indicators
| JDIEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -56.78% | +39.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -9.10% | +5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | -18.90% | +8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -25.43% | +7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | -33.92% | +16.29% |
Current DrawdownCurrent decline from peak | -0.98% | -1.80% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -10.71% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.03% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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