AVPEX vs. LPEFX
Compare and contrast key facts about ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) and ALPS/Red Rocks Global Opportunity Fund (LPEFX).
AVPEX is managed by ALPS. It was launched on Oct 23, 2014. LPEFX is managed by ALPS. It was launched on Dec 30, 2007.
Performance
AVPEX vs. LPEFX - Performance Comparison
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AVPEX vs. LPEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | -17.85% | 1.46% | 18.06% | 28.80% | -28.96% | 24.03% | 9.25% | 43.19% | -12.61% | 24.96% |
LPEFX ALPS/Red Rocks Global Opportunity Fund | -17.57% | 1.25% | 17.78% | 28.31% | -28.82% | 23.70% | 9.35% | 49.57% | -12.60% | 27.02% |
Returns By Period
The year-to-date returns for both investments are quite close, with AVPEX having a -17.85% return and LPEFX slightly higher at -17.57%. Over the past 10 years, AVPEX has underperformed LPEFX with an annualized return of 7.48%, while LPEFX has yielded a comparatively higher 8.14% annualized return.
AVPEX
- 1D
- 0.59%
- 1M
- -8.54%
- YTD
- -17.85%
- 6M
- -18.80%
- 1Y
- -13.46%
- 3Y*
- 6.74%
- 5Y*
- 1.56%
- 10Y*
- 7.48%
LPEFX
- 1D
- 0.64%
- 1M
- -8.58%
- YTD
- -17.57%
- 6M
- -18.30%
- 1Y
- -13.21%
- 3Y*
- 6.58%
- 5Y*
- 1.43%
- 10Y*
- 8.14%
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AVPEX vs. LPEFX - Expense Ratio Comparison
AVPEX has a 1.45% expense ratio, which is lower than LPEFX's 1.46% expense ratio.
Return for Risk
AVPEX vs. LPEFX — Risk / Return Rank
AVPEX
LPEFX
AVPEX vs. LPEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) and ALPS/Red Rocks Global Opportunity Fund (LPEFX). 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.
| AVPEX | LPEFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.68 | -0.66 | -0.01 |
Sortino ratioReturn per unit of downside risk | -0.82 | -0.80 | -0.02 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.68 | 0.00 |
Martin ratioReturn relative to average drawdown | -2.02 | -2.03 | 0.00 |
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
| AVPEX | LPEFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | -0.66 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.06 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.36 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.16 | +0.22 |
Correlation
The correlation between AVPEX and LPEFX is 0.99, 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
AVPEX vs. LPEFX - Dividend Comparison
AVPEX's dividend yield for the trailing twelve months is around 10.35%, less than LPEFX's 18.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | 10.35% | 8.50% | 8.83% | 0.00% | 31.03% | 4.24% | 13.52% | 3.02% | 6.79% | 2.33% | 0.75% | 0.11% |
LPEFX ALPS/Red Rocks Global Opportunity Fund | 18.65% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
Drawdowns
AVPEX vs. LPEFX - Drawdown Comparison
The maximum AVPEX drawdown since its inception was -46.42%, smaller than the maximum LPEFX drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for AVPEX and LPEFX.
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Drawdown Indicators
| AVPEX | LPEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -77.00% | +30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -22.41% | -22.00% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | -49.19% | +11.69% |
Max Drawdown (10Y)Largest decline over 10 years | -46.42% | -49.19% | +2.77% |
Current DrawdownCurrent decline from peak | -21.95% | -27.97% | +6.02% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -22.78% | +14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.54% | 7.38% | +0.16% |
Volatility
AVPEX vs. LPEFX - Volatility Comparison
ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) and ALPS/Red Rocks Global Opportunity Fund (LPEFX) have volatilities of 5.97% and 6.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVPEX | LPEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 6.04% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 13.47% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 20.66% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 24.37% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 22.76% | -3.83% |