- ISIN
- US4702587738
- CUSIP
- 80343J494
- Issuer
- James Alpha Advisors
- Inception Date
- Aug 20, 2018
- Category
- Multisector Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
JSVIX Performance Chart
Easterly Income Opportunities Fund (JSVIX) is up 0.5% since the beginning of the year. JSVIX is currently trading at $10 per share. Investors who bought $1,000 worth of JSVIX shares 5 years ago would now be looking at an investment worth $1,175.
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Returns By Period
Easterly Income Opportunities Fund (JSVIX) has returned 0.48% so far this year and 4.79% over the past 12 months.
Easterly Income Opportunities Fund
- 1D
- -0.10%
- 1M
- 0.33%
- YTD
- 0.48%
- 6M
- 0.83%
- 1Y
- 4.79%
- 3Y*
- 6.45%
- 5Y*
- 3.28%
- 10Y*
- —
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%
JSVIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2018, JSVIX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 83% of months were positive and 17% were negative. The best month was May 2020 with a return of +3.9%, while the worst month was Mar 2020 at -6.2%. The longest winning streak lasted 22 consecutive months, and the longest losing streak was 7 months.
On a daily basis, JSVIX closed higher 39% of trading days. The best single day was Dec 23, 2021 with a return of +1.9%, while the worst single day was Mar 24, 2020 at -2.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.44% | 1.10% | -1.28% | 0.10% | 0.13% | 0.00% | 0.48% | ||||||
| 2025 | 0.10% | 1.13% | 0.58% | 0.64% | 0.54% | 0.79% | 0.16% | 1.15% | 0.61% | 0.82% | 0.54% | 0.56% | 7.88% |
| 2024 | 1.33% | -0.25% | 0.25% | -0.62% | 0.89% | 1.11% | 1.49% | 1.62% | 1.50% | 0.10% | 0.51% | 0.04% | 8.22% |
| 2023 | 1.61% | -0.08% | 0.08% | 1.24% | 0.03% | 0.20% | 0.05% | 0.53% | -0.51% | -0.44% | 1.53% | 1.56% | 5.92% |
| 2022 | -0.21% | -0.59% | -1.09% | -1.04% | -0.38% | -1.18% | 0.08% | 0.04% | -1.55% | -1.07% | 0.42% | 0.12% | -6.27% |
| 2021 | 1.76% | 0.67% | 0.22% | 0.68% | 0.29% | 0.30% | 0.43% | 0.17% | 0.19% | 0.09% | 0.12% | -0.21% | 4.79% |
Benchmark Metrics
Easterly Income Opportunities Fund has an annualized alpha of 5.59%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 17, 2018.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.40%) than losses (0.47%) - typical of diversified or defensive assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 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 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.59%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 14.40%
- Downside Capture
- 0.47%
Expense Ratio
JSVIX has a high expense ratio of 1.48%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
JSVIX ranks 80 for risk / return — better than 80% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Easterly Income Opportunities Fund (JSVIX) 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.
| JSVIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.37 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.78 | +0.52 |
| Martin ratioReturn relative to average drawdown | 8.09 | 12.44 | -4.35 |
Dividends
Dividend History
Easterly Income Opportunities Fund provided a 5.02% dividend yield over the last twelve months, with an annual payout of $0.50 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.49 | $0.58 | $0.51 | $0.53 | $0.58 | $0.72 | $0.64 | $0.10 |
Dividend yield | 5.02% | 4.83% | 5.88% | 5.33% | 5.57% | 5.34% | 6.69% | 6.29% | 0.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Easterly Income Opportunities 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 | $0.04 | $0.05 | $0.00 | $0.04 | $0.04 | $0.00 | $0.18 | ||||||
| 2025 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.49 |
| 2024 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.04 | $0.04 | $0.58 |
| 2023 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.51 |
| 2022 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.20 | $0.53 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.21 | $0.58 |
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 Income Opportunities 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 Income Opportunities Fund was 8.75%, occurring on Nov 4, 2022. Recovery took 403 trading sessions.
The current Easterly Income Opportunities Fund drawdown is 1.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -8.75%Nov 2022 | 10mo 12d | 1y 7mo | 2y 5moDec 2021 - Jun 2024 |
COVID crash2020 | -7.71%Mar 2020 | 16d | 2mo 3d | 2mo 19dMar 2020 - May 2020 |
2026 pullback2026 | -1.49%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -1.30%Apr 2025 | 4d | 1mo 12d | 1mo 16dApr 2025 - May 2025 |
2025 selloff2025 | -0.81%Feb 2025 | 15d | 13d | 28dJan 2025 - Feb 2025 |
Drawdown Indicators
| JSVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.75% | -56.78% | +48.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -9.10% | +7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -18.90% | +17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | -25.43% | +16.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.06% | -1.80% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -10.71% | +9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.03% | -1.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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