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Saratoga Mid Capitalization Portfolio (SPMAX) Sharpe Ratio: 0.66

SPMAX's Sharpe Ratio of 0.66 indicates that for each unit of volatility, it generates 0.66 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.

SPMAX Sharpe Ratio Rank

SPMAX Sharpe Ratio Rank: 27.127
Below Average

SPMAX ranks above 27.1% 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

SPMAX Sharpe Ratio Market Positioning

The chart shows SPMAX'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%: 3.59+
  • Median: 1.00 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Saratoga Mid Capitalization Portfolio's Sharpe Ratio with other mutual funds in the Mid Cap Blend Equities category across multiple time periods, showing how SPMAX'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.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MISIXVictory Trivalent International Small-Cap Fund Class I1.97
GABVXGabelli Value 25 Fund1.49
PFSLXParadigm Select Fund1.42
TARKXTarkio Fund1.30
BIGTXThe Texas Fund1.22
GENIXGotham Enhanced Return Fund1.17
UMBMXCarillon Scout Mid Cap Fund1.14
ATGAXAquila Opportunity Growth Fund1.12
VSEQXVanguard Strategic Equity Fund1.07
DSMFXDestinations Small-Mid Cap Equity Fund1.06
SPMAXSaratoga Mid Capitalization Portfolio0.66

S&P 500 Index

How to choose period

Historical Sharpe Ratio

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

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Explore SPMAX risk-adjusted metrics in detail

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

SPMAX Sortino Ratio