CAPIX vs. FLOTX
CAPIX (Calamos Aksia Alternative Credit and Income Fund Class I) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both Bank Loan funds. Over the past year, CAPIX returned 7.19% vs 3.00% for FLOTX. At a 0.09 correlation, their price movements are largely independent. CAPIX charges 1.25%/yr vs 1.07%/yr for FLOTX.
Performance
CAPIX vs. FLOTX - Performance Comparison
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Returns By Period
In the year-to-date period, CAPIX achieves a 2.38% return, which is significantly higher than FLOTX's -0.55% return.
CAPIX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 2.38%
- 6M
- 2.67%
- 1Y
- 7.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOTX
- 1D
- 0.11%
- 1M
- 0.33%
- YTD
- -0.55%
- 6M
- -0.24%
- 1Y
- 3.00%
- 3Y*
- 4.80%
- 5Y*
- 2.69%
- 10Y*
- —
CAPIX vs. FLOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I | 2.38% | 7.43% | 8.60% | 3.02% |
FLOTX Donoghue Forlines Risk Managed Income Fund | -0.55% | 2.47% | 6.76% | 3.93% |
Correlation
The correlation between CAPIX and FLOTX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2023 | 0.09 |
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Return for Risk
CAPIX vs. FLOTX — Risk / Return Rank
CAPIX
FLOTX
CAPIX vs. FLOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CAPIX | FLOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 2.92 | 1.42 | +1.51 |
| Calmar ratioReturn relative to maximum drawdown | 7.99 | 1.32 | +6.67 |
| Martin ratioReturn relative to average drawdown | 31.62 | 3.43 | +28.19 |
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Drawdowns
CAPIX vs. FLOTX - Drawdown Comparison
The maximum CAPIX drawdown since its inception was -1.96%, smaller than the maximum FLOTX drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for CAPIX and FLOTX.
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Drawdown Indicators
| CAPIX | FLOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.96% | -4.40% | +2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -2.36% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.40% | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.97% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -1.03% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.91% | -0.68% |
Volatility
CAPIX vs. FLOTX - Volatility Comparison
The current volatility for Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) is 0.37%, while Donoghue Forlines Risk Managed Income Fund (FLOTX) has a volatility of 0.49%. This indicates that CAPIX experiences smaller price fluctuations and is considered to be less risky than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAPIX | FLOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.49% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 1.35% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.70% | 1.68% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.55% | 2.69% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.55% | 2.45% | +0.10% |
CAPIX vs. FLOTX - Expense Ratio Comparison
CAPIX has a 1.25% expense ratio, which is higher than FLOTX's 1.07% expense ratio.
Dividends
CAPIX vs. FLOTX - Dividend Comparison
CAPIX's dividend yield for the trailing twelve months is around 8.66%, more than FLOTX's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I | 8.66% | 7.18% | 4.42% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOTX Donoghue Forlines Risk Managed Income Fund | 6.80% | 5.79% | 7.15% | 7.16% | 1.56% | 2.13% | 2.42% | 3.78% | 3.20% |
Frequently Asked Questions
CAPIX and FLOTX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOTX has higher volatility (0.49%) compared to CAPIX (0.37%). In terms of maximum drawdown, CAPIX dropped -1.96% vs FLOTX's -4.40%.
CAPIX currently has the higher Sharpe Ratio (4.41 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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