ASFIX vs. ^SP500TR
Compare and contrast key facts about Absolute Strategies Fund (ASFIX) and S&P 500 Total Return (^SP500TR).
ASFIX is managed by Absolute Investment Advisers. It was launched on Jul 26, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASFIX or ^SP500TR.
Correlation
The correlation between ASFIX and ^SP500TR is -0.26. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ASFIX vs. ^SP500TR - Performance Comparison
Key characteristics
Returns By Period
ASFIX
N/A
N/A
N/A
N/A
N/A
N/A
^SP500TR
-6.37%
-4.97%
-4.97%
9.62%
15.92%
12.05%
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Risk-Adjusted Performance
ASFIX vs. ^SP500TR — Risk-Adjusted Performance Rank
ASFIX
^SP500TR
ASFIX vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Absolute Strategies Fund (ASFIX) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
ASFIX vs. ^SP500TR - Drawdown Comparison
Volatility
ASFIX vs. ^SP500TR - Volatility Comparison
The current volatility for Absolute Strategies Fund (ASFIX) is 0.00%, while S&P 500 Total Return (^SP500TR) has a volatility of 14.21%. This indicates that ASFIX experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.