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Special Opportunities Fund Inc. (SPE) Sharpe Ratio: 0.65

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

Special Opportunities Fund employs an opportunistic investment philosophy, focusing on discounted closed-end funds, undervalued operating companies, and special situations.

SPE's Sharpe Ratio of 0.65 indicates that for each unit of volatility, it generates 0.65 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 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.

SPE Sharpe Ratio Rank

SPE Sharpe Ratio Rank: 8.59
Concerning

SPE ranks above 8.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. 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

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

SPE Sharpe Ratio Market Positioning

The chart shows SPE'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%): 1.38 or lower
  • Yellow zone (middle 50%): 1.38 to 2.45
  • Green zone (top 25%): 2.45 or higher
  • Top 1%: 4.59+
  • Median: 2.00 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Special Opportunities Fund Inc.'s Sharpe Ratio with other mutual funds in the Multistrategy category across multiple time periods, showing how SPE'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 Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SRRIXStone Ridge Reinsurance Risk Premium Interval Fund14.37
ARBIXAbsolute Convertible Arbitrage Fund Institutional Shares7.66
FSLTXStrategic Advisers Alternatives Fund5.59
SHRIXStone Ridge High Yield Reinsurance Risk Premium Fund Class I5.28
BXMIXBlackstone Alternative Multi-Strategy Fund4.97
ADAIXAQR Diversified Arbitrage Fund Class I4.90
ADANXAQR Diversified Arbitrage Fund Class N4.62
RMDFXAspiriant Defensive Allocation Fund4.33
QRPRXAQR Alternative Risk Premia R63.97
SPATXSymmetry Panoramic Alternatives Fund3.97
SPESpecial Opportunities Fund Inc.0.65

S&P 500 Index

How to choose period

Historical Sharpe Ratio

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

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Sharpe Ratio Calculator

How does SPE fit in your portfolio?

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