FLOTX vs. CAPIX
FLOTX (Donoghue Forlines Risk Managed Income Fund) and CAPIX (Calamos Aksia Alternative Credit and Income Fund Class I) are both Bank Loan funds. Over the past year, FLOTX returned 3.00% vs 7.19% for CAPIX. At a 0.09 correlation, their price movements are largely independent. FLOTX charges 1.07%/yr vs 1.25%/yr for CAPIX.
Performance
FLOTX vs. CAPIX - Performance Comparison
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Returns By Period
In the year-to-date period, FLOTX achieves a -0.55% return, which is significantly lower than CAPIX's 2.38% return.
FLOTX
- 1D
- 0.11%
- 1M
- 0.33%
- YTD
- -0.55%
- 6M
- -0.24%
- 1Y
- 3.00%
- 3Y*
- 4.80%
- 5Y*
- 2.69%
- 10Y*
- —
CAPIX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 2.38%
- 6M
- 2.67%
- 1Y
- 7.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOTX vs. CAPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLOTX Donoghue Forlines Risk Managed Income Fund | -0.55% | 2.47% | 6.76% | 3.93% |
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I | 2.38% | 7.43% | 8.60% | 3.02% |
Correlation
The correlation between FLOTX and CAPIX 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
FLOTX vs. CAPIX — Risk / Return Rank
FLOTX
CAPIX
FLOTX vs. CAPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Risk Managed Income Fund (FLOTX) and Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX). 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.
| FLOTX | CAPIX | 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 | 1.42 | 2.92 | -1.51 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 7.99 | -6.67 |
| Martin ratioReturn relative to average drawdown | 3.43 | 31.62 | -28.19 |
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Drawdowns
FLOTX vs. CAPIX - Drawdown Comparison
The maximum FLOTX drawdown since its inception was -4.40%, which is greater than CAPIX's maximum drawdown of -1.96%. Use the drawdown chart below to compare losses from any high point for FLOTX and CAPIX.
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Drawdown Indicators
| FLOTX | CAPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.40% | -1.96% | -2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.36% | -0.94% | -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 | -0.97% | -0.47% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -0.26% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.23% | +0.68% |
Volatility
FLOTX vs. CAPIX - Volatility Comparison
Donoghue Forlines Risk Managed Income Fund (FLOTX) has a higher volatility of 0.49% compared to Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) at 0.37%. This indicates that FLOTX's price experiences larger fluctuations and is considered to be riskier than CAPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOTX | CAPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.37% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 1.54% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 1.70% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 2.55% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 2.55% | -0.10% |
FLOTX vs. CAPIX - Expense Ratio Comparison
FLOTX has a 1.07% expense ratio, which is lower than CAPIX's 1.25% expense ratio.
Dividends
FLOTX vs. CAPIX - Dividend Comparison
FLOTX's dividend yield for the trailing twelve months is around 6.80%, less than CAPIX's 8.66% 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
FLOTX and CAPIX 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, FLOTX dropped -4.40% vs CAPIX's -1.96%.
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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