BIVIX vs. VOLSX

Last updated Apr 2, 2026

Compare and contrast key facts about Invenomic Fund Institutional Class (BIVIX) and ABR 75/25 Volatility Fund (VOLSX).

BIVIX is an actively managed fund by Invenomic. It was launched on Jun 19, 2017. VOLSX is managed by ABR. It was launched on Aug 2, 2020.

Performance

BIVIX vs. VOLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invenomic Fund Institutional Class (BIVIX) and ABR 75/25 Volatility Fund (VOLSX). The values are adjusted to include any dividend payments, if applicable.

BIVIX vs. VOLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BIVIX Invenomic Fund Institutional Class	3.73%	4.63%	-8.81%	16.80%	50.01%	63.81%	24.09%
VOLSX ABR 75/25 Volatility Fund	-8.13%	2.83%	15.19%	24.73%	-29.76%	27.64%	2.00%

Returns By Period

In the year-to-date period, BIVIX achieves a 3.73% return, which is significantly higher than VOLSX's -8.13% return.

BIVIX

• 1D: -2.18%
• 1M: 2.00%
• YTD: 3.73%
• 6M: 8.84%
• 1Y: 5.01%
• 3Y*: 1.21%
• 5Y*: 16.44%
• 10Y*: —

VOLSX

• 1D: 3.22%
• 1M: -7.36%
• YTD: -8.13%
• 6M: -5.09%
• 1Y: 0.15%
• 3Y*: 8.46%
• 5Y*: 2.94%
• 10Y*: —

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

BIVIX vs. VOLSX - Expense Ratio Comparison

BIVIX has a 3.17% expense ratio, which is higher than VOLSX's 1.75% expense ratio.

BIVIX

Invenomic Fund Institutional Class

VOLSX

ABR 75/25 Volatility Fund

Return for Risk

BIVIX vs. VOLSX — Risk / Return Rank

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

BIVIX

BIVIX Risk / Return Rank: 7
BIVIX Sharpe Ratio Rank: 7
BIVIX Sortino Ratio Rank: 8
BIVIX Omega Ratio Rank: 7
BIVIX Calmar Ratio Rank: 8
BIVIX Martin Ratio Rank: 7

VOLSX

VOLSX Risk / Return Rank: 4
VOLSX Sharpe Ratio Rank: 4
VOLSX Sortino Ratio Rank: 4
VOLSX Omega Ratio Rank: 4
VOLSX Calmar Ratio Rank: 5
VOLSX Martin Ratio Rank: 5

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.

BIVIX vs. VOLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund Institutional Class (BIVIX) and ABR 75/25 Volatility Fund (VOLSX). 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.

	BIVIX	VOLSX	Difference
Sharpe ratio Return per unit of total volatility	0.23	0.02	+0.21
Sortino ratio Return per unit of downside risk	0.52	0.15	+0.38
Omega ratio Gain probability vs. loss probability	1.06	1.02	+0.03
Calmar ratio Return relative to maximum drawdown	0.33	0.06	+0.27
Martin ratio Return relative to average drawdown	0.75	0.15	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIVIX vs. VOLSX - Sharpe Ratio Comparison

The current BIVIX Sharpe Ratio is 0.23, which is higher than the VOLSX Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of BIVIX and VOLSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BIVIX	VOLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.02	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	0.16	+0.87
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.20	+0.83

Correlation

The correlation between BIVIX and VOLSX is -0.08. 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.

Dividends

BIVIX vs. VOLSX - Dividend Comparison

BIVIX's dividend yield for the trailing twelve months is around 2.12%, less than VOLSX's 2.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIVIX Invenomic Fund Institutional Class	2.12%	2.20%	3.95%	20.15%	27.91%	16.08%	3.15%	3.19%	4.79%	1.21%
VOLSX ABR 75/25 Volatility Fund	2.38%	2.18%	2.24%	0.29%	0.00%	18.63%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BIVIX vs. VOLSX - Drawdown Comparison

The maximum BIVIX drawdown since its inception was -18.32%, smaller than the maximum VOLSX drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for BIVIX and VOLSX.

Drawdown Indicators

	BIVIX	VOLSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.32%	-35.10%	+16.78%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-16.88%	+3.17%
Max Drawdown (5Y) Largest decline over 5 years	-17.23%	-35.10%	+17.87%
Current Drawdown Current decline from peak	-2.81%	-9.55%	+6.74%
Average Drawdown Average peak-to-trough decline	-5.75%	-11.32%	+5.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.01%	6.36%	-0.35%

Volatility

BIVIX vs. VOLSX - Volatility Comparison

Invenomic Fund Institutional Class (BIVIX) has a higher volatility of 7.80% compared to ABR 75/25 Volatility Fund (VOLSX) at 7.20%. This indicates that BIVIX's price experiences larger fluctuations and is considered to be riskier than VOLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIVIX	VOLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.80%	7.20%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	16.76%	11.27%	+5.49%
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	18.51%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	18.40%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	19.07%	-2.46%