EVOIX vs. ABYAX
Compare and contrast key facts about Altegris Futures Evolution Strategy Fund (EVOIX) and Abbey Capital Futures Strategy Fund Class A (ABYAX).
EVOIX is managed by Altegris. It was launched on Oct 30, 2011. ABYAX is managed by Abbey Capital. It was launched on Aug 29, 2014.
Performance
EVOIX vs. ABYAX - Performance Comparison
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EVOIX vs. ABYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVOIX Altegris Futures Evolution Strategy Fund | 5.30% | 4.69% | 3.86% | 5.03% | 12.84% | 12.20% | -12.94% | 4.22% | -7.58% | 9.09% |
ABYAX Abbey Capital Futures Strategy Fund Class A | 4.46% | 1.47% | 0.77% | -3.55% | 16.76% | 3.19% | 7.59% | 8.65% | -6.49% | -0.26% |
Returns By Period
In the year-to-date period, EVOIX achieves a 5.30% return, which is significantly higher than ABYAX's 4.46% return. Over the past 10 years, EVOIX has outperformed ABYAX with an annualized return of 2.86%, while ABYAX has yielded a comparatively lower 2.58% annualized return.
EVOIX
- 1D
- -0.30%
- 1M
- -0.76%
- YTD
- 5.30%
- 6M
- 11.30%
- 1Y
- 13.46%
- 3Y*
- 7.27%
- 5Y*
- 7.75%
- 10Y*
- 2.86%
ABYAX
- 1D
- 0.00%
- 1M
- -1.38%
- YTD
- 4.46%
- 6M
- 7.57%
- 1Y
- 8.17%
- 3Y*
- 2.13%
- 5Y*
- 3.46%
- 10Y*
- 2.58%
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EVOIX vs. ABYAX - Expense Ratio Comparison
EVOIX has a 1.34% expense ratio, which is lower than ABYAX's 2.04% expense ratio.
Return for Risk
EVOIX vs. ABYAX — Risk / Return Rank
EVOIX
ABYAX
EVOIX vs. ABYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Altegris Futures Evolution Strategy Fund (EVOIX) and Abbey Capital Futures Strategy Fund Class A (ABYAX). 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.
| EVOIX | ABYAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.02 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.45 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.54 | +0.17 |
Martin ratioReturn relative to average drawdown | 3.56 | 3.04 | +0.52 |
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
| EVOIX | ABYAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.02 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.44 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.32 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.45 | -0.05 |
Correlation
The correlation between EVOIX and ABYAX is 0.80, 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
EVOIX vs. ABYAX - Dividend Comparison
EVOIX's dividend yield for the trailing twelve months is around 10.06%, more than ABYAX's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVOIX Altegris Futures Evolution Strategy Fund | 10.06% | 11.11% | 10.09% | 1.71% | 34.87% | 9.73% | 2.23% | 1.63% | 5.52% | 1.57% | 7.27% | 9.05% |
ABYAX Abbey Capital Futures Strategy Fund Class A | 1.22% | 1.27% | 1.68% | 0.99% | 15.33% | 3.57% | 1.36% | 8.50% | 0.00% | 0.00% | 0.00% | 0.06% |
Drawdowns
EVOIX vs. ABYAX - Drawdown Comparison
The maximum EVOIX drawdown since its inception was -29.57%, which is greater than ABYAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for EVOIX and ABYAX.
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Drawdown Indicators
| EVOIX | ABYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -17.96% | -11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -4.30% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -15.23% | -3.57% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -15.23% | -14.34% |
Current DrawdownCurrent decline from peak | -0.76% | -3.92% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -7.30% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.49% | +1.24% |
Volatility
EVOIX vs. ABYAX - Volatility Comparison
Altegris Futures Evolution Strategy Fund (EVOIX) has a higher volatility of 2.53% compared to Abbey Capital Futures Strategy Fund Class A (ABYAX) at 1.85%. This indicates that EVOIX's price experiences larger fluctuations and is considered to be riskier than ABYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVOIX | ABYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 1.85% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 6.40% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 7.63% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.69% | 7.98% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.46% | 7.98% | +2.48% |