DYMIX vs. VOO

Last updated Jun 4, 2026

DYMIX (Dynamic Alpha Macro Fund Institutional) and VOO (Vanguard S&P 500 ETF) are both funds - DYMIX is a Macro Trading fund actively managed by Dynamic Alpha Funds, while VOO is a S&P 500 fund tracking the S&P 500 Index. DYMIX is actively managed, while VOO is passively managed. Over the past year, DYMIX returned 29.27% vs 28.04% for VOO. At a 0.38 correlation, their price movements are largely independent. DYMIX charges 1.98%/yr vs 0.03%/yr for VOO.

Performance

DYMIX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynamic Alpha Macro Fund Institutional (DYMIX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DYMIX achieves a 8.05% return, which is significantly lower than VOO's 10.91% return.

DYMIX

• 1D: 0.48%
• 1M: 2.07%
• YTD: 8.05%
• 6M: 10.12%
• 1Y: 29.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

DYMIX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DYMIX Dynamic Alpha Macro Fund Institutional	8.05%	25.51%	18.38%	11.33%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	9.49%

Correlation

The correlation between DYMIX and VOO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023	0.38

Return for Risk

DYMIX vs. VOO — Risk / Return Rank

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

DYMIX

DYMIX Risk / Return Rank: 36
DYMIX Sharpe Ratio Rank: 44
DYMIX Sortino Ratio Rank: 40
DYMIX Omega Ratio Rank: 41
DYMIX Calmar Ratio Rank: 37
DYMIX Martin Ratio Rank: 20

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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.

DYMIX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Alpha Macro Fund Institutional (DYMIX) and Vanguard S&P 500 ETF (VOO). 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.

	DYMIX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.39	-0.44
Sortino ratio: Return per unit of downside risk	2.63	3.25	-0.62
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	2.30	3.16	-0.86
Martin ratio: Return relative to average drawdown	5.33	14.73	-9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DYMIX vs. VOO - Sharpe Ratio Comparison

The current DYMIX Sharpe Ratio is 1.95, which is comparable to the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of DYMIX and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DYMIX	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.39	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	0.89	+0.84

Drawdowns

DYMIX vs. VOO - Drawdown Comparison

The maximum DYMIX drawdown since its inception was -12.95%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DYMIX and VOO.

Drawdown Indicators

	DYMIX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-33.99%	+21.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.95%	-8.90%	-4.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-8.95%	-0.70%	-8.25%
Average Drawdown Average peak-to-trough decline	-3.76%	-3.69%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	1.91%	+3.68%

Volatility

DYMIX vs. VOO - Volatility Comparison

Dynamic Alpha Macro Fund Institutional (DYMIX) and Vanguard S&P 500 ETF (VOO) have volatilities of 2.82% and 2.84%, 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.

Volatility by Period

	DYMIX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	2.84%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	8.90%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	11.80%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	16.81%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	18.01%	-3.58%

DYMIX vs. VOO - Expense Ratio Comparison

DYMIX has a 1.98% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

DYMIX vs. VOO - Dividend Comparison

DYMIX's dividend yield for the trailing twelve months is around 6.31%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DYMIX Dynamic Alpha Macro Fund Institutional	6.31%	6.82%	7.12%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both DYMIX and VOO in my portfolio?

DYMIX and VOO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYMIX or VOO?

VOO has higher volatility (2.84%) compared to DYMIX (2.82%). In terms of maximum drawdown, DYMIX dropped -12.95% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs 1.95), 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.