FARYX vs. DYMIX

Last updated Jun 24, 2026

FARYX (Fulcrum Diversified Absolute Return Fund) and DYMIX (Dynamic Alpha Macro Fund Institutional) are both Macro Trading funds. Over the past year, FARYX returned 12.83% vs 21.90% for DYMIX. At a 0.45 correlation, their price movements are largely independent. FARYX charges 1.04%/yr vs 1.98%/yr for DYMIX.

Performance

FARYX vs. DYMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fulcrum Diversified Absolute Return Fund (FARYX) and Dynamic Alpha Macro Fund Institutional (DYMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FARYX achieves a 4.56% return, which is significantly higher than DYMIX's 4.32% return.

FARYX

• 1D: -0.10%
• 1M: -2.55%
• YTD: 4.56%
• 6M: 5.63%
• 1Y: 12.83%
• 3Y*: 9.64%
• 5Y*: 5.21%
• 10Y*: 5.29%

DYMIX

• 1D: -0.77%
• 1M: -3.00%
• YTD: 4.32%
• 6M: 4.20%
• 1Y: 21.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FARYX vs. DYMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FARYX Fulcrum Diversified Absolute Return Fund	4.56%	13.34%	7.19%	2.82%
DYMIX Dynamic Alpha Macro Fund Institutional	4.32%	25.51%	18.38%	11.33%

Correlation

The correlation between FARYX and DYMIX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 17, 2023	0.45

The correlation between FARYX and DYMIX has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

Return for Risk

FARYX vs. DYMIX — Risk / Return Rank

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

FARYX

FARYX Risk / Return Rank: 46
FARYX Sharpe Ratio Rank: 41
FARYX Sortino Ratio Rank: 42
FARYX Omega Ratio Rank: 38
FARYX Calmar Ratio Rank: 61
FARYX Martin Ratio Rank: 46

DYMIX

DYMIX Risk / Return Rank: 25
DYMIX Sharpe Ratio Rank: 30
DYMIX Sortino Ratio Rank: 27
DYMIX Omega Ratio Rank: 28
DYMIX Calmar Ratio Rank: 25
DYMIX Martin Ratio Rank: 14

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.

FARYX vs. DYMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fulcrum Diversified Absolute Return Fund (FARYX) and Dynamic Alpha Macro Fund Institutional (DYMIX). 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.

	FARYX	DYMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.44	+0.28
Sortino ratio: Return per unit of downside risk	2.50	2.01	+0.49
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.85	1.74	+1.12
Martin ratio: Return relative to average drawdown	9.23	3.66	+5.56

FARYX vs. DYMIX - Sharpe Ratio Comparison

The current FARYX Sharpe Ratio is 1.72, which is comparable to the DYMIX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of FARYX and DYMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FARYX vs. DYMIX - Drawdown Comparison

The maximum FARYX drawdown since its inception was -7.41%, smaller than the maximum DYMIX drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for FARYX and DYMIX.

Drawdown Indicators

	FARYX	DYMIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.41%	-12.95%	+5.54%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-12.95%	+8.31%
Max Drawdown (3Y) Largest decline over 3 years	-4.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-7.41%	—	—
Current Drawdown Current decline from peak	-4.27%	-12.09%	+7.82%
Average Drawdown Average peak-to-trough decline	-1.85%	-3.90%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	6.13%	-4.70%

Volatility

FARYX vs. DYMIX - Volatility Comparison

The current volatility for Fulcrum Diversified Absolute Return Fund (FARYX) is 1.92%, while Dynamic Alpha Macro Fund Institutional (DYMIX) has a volatility of 3.55%. This indicates that FARYX experiences smaller price fluctuations and is considered to be less risky than DYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FARYX	DYMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	3.55%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	5.91%	11.43%	-5.52%
Volatility (1Y) Calculated over the trailing 1-year period	7.71%	15.63%	-7.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.37%	14.42%	-8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.82%	14.42%	-8.60%

FARYX vs. DYMIX - Expense Ratio Comparison

FARYX has a 1.04% expense ratio, which is lower than DYMIX's 1.98% expense ratio.

Dividends

FARYX vs. DYMIX - Dividend Comparison

FARYX's dividend yield for the trailing twelve months is around 6.87%, more than DYMIX's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DYMIX Dynamic Alpha Macro Fund Institutional	6.54%	6.82%	7.12%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FARYX Fulcrum Diversified Absolute Return Fund	6.87%	7.18%	4.39%	0.89%	1.28%	8.96%	7.79%	0.63%	8.88%	3.39%	0.40%

Frequently Asked Questions

Can I hold both FARYX and DYMIX in my portfolio?

FARYX and DYMIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FARYX or DYMIX?

DYMIX has higher volatility (3.55%) compared to FARYX (1.92%). In terms of maximum drawdown, FARYX dropped -7.41% vs DYMIX's -12.95%.

Which has better risk-adjusted returns?

FARYX currently has the higher Sharpe Ratio (1.72 vs 1.44), 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.