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.
Key characteristics
| ASFIX | ^SP500TR | |
|---|---|---|
| YTD Return | 0.00% | 10.03% |
| 1Y Return | -4.30% | 28.41% |
| 3Y Return (Ann) | -5.49% | 9.66% |
| 5Y Return (Ann) | -3.62% | 14.53% |
| 10Y Return (Ann) | -2.95% | 12.75% |
| Sharpe Ratio | -0.61 | 2.44 |
| Daily Std Dev | 7.29% | 11.57% |
| Max Drawdown | -30.46% | -55.25% |
| Current Drawdown | -28.82% | -0.47% |
Correlation
The correlation between ASFIX and ^SP500TR is -0.25. 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
Over the past 10 years, ASFIX has underperformed ^SP500TR with an annualized return of -2.95%, while ^SP500TR has yielded a comparatively higher 12.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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
The maximum ASFIX drawdown since its inception was -30.46%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ASFIX and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
ASFIX vs. ^SP500TR - Volatility Comparison
The current volatility for Absolute Strategies Fund (ASFIX) is 2.03%, while S&P 500 Total Return (^SP500TR) has a volatility of 3.93%. 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.