APLIX vs. HMXIX
Compare and contrast key facts about Cavanal Hill Hedged Income Fund (APLIX) and AlphaCentric Premium Opportunity Fund (HMXIX).
APLIX is managed by Cavanal Hill funds. It was launched on Dec 27, 2020. HMXIX is managed by AlphaCentric Funds. It was launched on Sep 29, 2016.
Performance
APLIX vs. HMXIX - Performance Comparison
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APLIX vs. HMXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APLIX Cavanal Hill Hedged Income Fund | -5.79% | 16.87% | 10.43% | 5.04% | -1.92% | 7.28% |
HMXIX AlphaCentric Premium Opportunity Fund | -5.46% | 8.73% | 8.86% | 13.36% | -10.62% | 8.07% |
Returns By Period
In the year-to-date period, APLIX achieves a -5.79% return, which is significantly lower than HMXIX's -5.46% return.
APLIX
- 1D
- -0.16%
- 1M
- -6.21%
- YTD
- -5.79%
- 6M
- -4.40%
- 1Y
- 13.32%
- 3Y*
- 8.35%
- 5Y*
- 5.21%
- 10Y*
- —
HMXIX
- 1D
- 0.73%
- 1M
- -4.78%
- YTD
- -5.46%
- 6M
- -4.77%
- 1Y
- 8.00%
- 3Y*
- 6.91%
- 5Y*
- 3.68%
- 10Y*
- 6.28%
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APLIX vs. HMXIX - Expense Ratio Comparison
APLIX has a 1.35% expense ratio, which is lower than HMXIX's 1.99% expense ratio.
Return for Risk
APLIX vs. HMXIX — Risk / Return Rank
APLIX
HMXIX
APLIX vs. HMXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Hedged Income Fund (APLIX) and AlphaCentric Premium Opportunity Fund (HMXIX). 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.
| APLIX | HMXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.59 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.48 | 0.82 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.12 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.74 | +0.44 |
Martin ratioReturn relative to average drawdown | 5.12 | 2.19 | +2.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APLIX | HMXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.59 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.36 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.93 | -0.36 |
Correlation
The correlation between APLIX and HMXIX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
APLIX vs. HMXIX - Dividend Comparison
APLIX's dividend yield for the trailing twelve months is around 0.22%, less than HMXIX's 6.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
APLIX Cavanal Hill Hedged Income Fund | 0.22% | 0.40% | 0.84% | 2.06% | 2.09% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMXIX AlphaCentric Premium Opportunity Fund | 6.48% | 6.13% | 2.17% | 0.00% | 0.00% | 4.78% | 2.26% | 0.00% | 0.00% | 0.47% | 0.16% |
Drawdowns
APLIX vs. HMXIX - Drawdown Comparison
The maximum APLIX drawdown since its inception was -14.52%, smaller than the maximum HMXIX drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for APLIX and HMXIX.
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Drawdown Indicators
| APLIX | HMXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.52% | -15.80% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -8.76% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.52% | -15.80% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.80% | — |
Current DrawdownCurrent decline from peak | -7.93% | -8.02% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.50% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.97% | -0.67% |
Volatility
APLIX vs. HMXIX - Volatility Comparison
The current volatility for Cavanal Hill Hedged Income Fund (APLIX) is 3.33%, while AlphaCentric Premium Opportunity Fund (HMXIX) has a volatility of 4.31%. This indicates that APLIX experiences smaller price fluctuations and is considered to be less risky than HMXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLIX | HMXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.31% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 9.27% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 14.23% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.18% | 10.35% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | 10.57% | -0.44% |