ACMDX vs. AAMCX

Last updated Jun 4, 2026

ACMDX (Absolute Capital Defender Fund) and AAMCX (Absolute Capital Asset Allocator Fund) are both Tactical Allocation funds from Absolute Capital. Over the past 10 years, ACMDX returned 4.60%/yr vs 5.72%/yr for AAMCX. With a 0.97 correlation, they move nearly in lockstep. Both charge a 2.70% expense ratio.

Performance

ACMDX vs. AAMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Absolute Capital Defender Fund (ACMDX) and Absolute Capital Asset Allocator Fund (AAMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACMDX achieves a 5.76% return, which is significantly lower than AAMCX's 9.06% return. Over the past 10 years, ACMDX has underperformed AAMCX with an annualized return of 4.60%, while AAMCX has yielded a comparatively higher 5.72% annualized return.

ACMDX

• 1D: 0.17%
• 1M: 2.94%
• YTD: 5.76%
• 6M: 5.86%
• 1Y: 13.51%
• 3Y*: 9.71%
• 5Y*: 3.96%
• 10Y*: 4.60%

AAMCX

• 1D: 0.16%
• 1M: 3.99%
• YTD: 9.06%
• 6M: 8.92%
• 1Y: 18.27%
• 3Y*: 12.36%
• 5Y*: 4.99%
• 10Y*: 5.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACMDX vs. AAMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACMDX Absolute Capital Defender Fund	5.76%	8.56%	9.61%	8.51%	-15.26%	12.00%	5.14%	7.12%	-5.93%	8.32%
AAMCX Absolute Capital Asset Allocator Fund	9.06%	9.86%	10.16%	12.53%	-19.02%	14.36%	4.78%	9.61%	-6.22%	10.64%

Correlation

The correlation between ACMDX and AAMCX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.97

The correlation between ACMDX and AAMCX has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

Return for Risk

ACMDX vs. AAMCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACMDX

ACMDX Risk / Return Rank: 53
ACMDX Sharpe Ratio Rank: 48
ACMDX Sortino Ratio Rank: 49
ACMDX Omega Ratio Rank: 47
ACMDX Calmar Ratio Rank: 61
ACMDX Martin Ratio Rank: 61

AAMCX

AAMCX Risk / Return Rank: 52
AAMCX Sharpe Ratio Rank: 45
AAMCX Sortino Ratio Rank: 44
AAMCX Omega Ratio Rank: 43
AAMCX Calmar Ratio Rank: 60
AAMCX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACMDX vs. AAMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Absolute Capital Defender Fund (ACMDX) and Absolute Capital Asset Allocator Fund (AAMCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACMDX	AAMCX	Difference
Sharpe ratio Return per unit of total volatility	2.04	1.97	+0.07
Sortino ratio Return per unit of downside risk	2.96	2.80	+0.16
Omega ratio Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio Return relative to maximum drawdown	3.00	2.99	+0.02
Martin ratio Return relative to average drawdown	12.11	13.05	-0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACMDX vs. AAMCX - Sharpe Ratio Comparison

The current ACMDX Sharpe Ratio is 2.04, which is comparable to the AAMCX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of ACMDX and AAMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACMDX	AAMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	1.97	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.42	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.51	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.48	-0.02

Drawdowns

ACMDX vs. AAMCX - Drawdown Comparison

The maximum ACMDX drawdown since its inception was -17.63%, smaller than the maximum AAMCX drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for ACMDX and AAMCX.

Drawdown Indicators

	ACMDX	AAMCX	Difference
Max Drawdown Largest peak-to-trough decline	-17.63%	-22.73%	+5.10%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	-6.29%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.50%	-15.42%	+3.92%
Max Drawdown (5Y) Largest decline over 5 years	-17.63%	-22.73%	+5.10%
Max Drawdown (10Y) Largest decline over 10 years	-17.63%	-22.73%	+5.10%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.18%	-5.57%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	1.44%	-0.29%

Volatility

ACMDX vs. AAMCX - Volatility Comparison

The current volatility for Absolute Capital Defender Fund (ACMDX) is 1.63%, while Absolute Capital Asset Allocator Fund (AAMCX) has a volatility of 2.30%. This indicates that ACMDX experiences smaller price fluctuations and is considered to be less risky than AAMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACMDX	AAMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.63%	2.30%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	4.69%	7.13%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	6.81%	9.53%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.61%	11.83%	-3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.82%	11.27%	-2.45%

ACMDX vs. AAMCX - Expense Ratio Comparison

Both ACMDX and AAMCX have an expense ratio of 2.70%.

Dividends

ACMDX vs. AAMCX - Dividend Comparison

ACMDX's dividend yield for the trailing twelve months is around 3.12%, more than AAMCX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AAMCX Absolute Capital Asset Allocator Fund	2.20%	2.40%	3.64%	0.00%	0.00%	8.98%	0.00%	0.00%	11.86%	3.78%	1.20%
ACMDX Absolute Capital Defender Fund	3.12%	3.30%	3.54%	0.00%	0.00%	9.49%	0.00%	0.00%	6.87%	2.67%	0.67%

Frequently Asked Questions

Can I hold both ACMDX and AAMCX in my portfolio?

With a correlation of 0.93, ACMDX and AAMCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ACMDX or AAMCX?

AAMCX has higher volatility (2.30%) compared to ACMDX (1.63%). In terms of maximum drawdown, ACMDX dropped -17.63% vs AAMCX's -22.73%.

Which has better risk-adjusted returns?

ACMDX currently has the higher Sharpe Ratio (2.04 vs 1.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.