FLSPX vs. BTPIX
FLSPX (Meeder Spectrum Fund) and BTPIX (Salient Tactical Plus Fund) are both Long-Short funds. Over the past 10 years, FLSPX returned 10.50%/yr vs 3.56%/yr for BTPIX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FLSPX charges 1.52%/yr vs 1.08%/yr for BTPIX.
Performance
FLSPX vs. BTPIX - Performance Comparison
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Returns By Period
In the year-to-date period, FLSPX achieves a 10.62% return, which is significantly higher than BTPIX's 2.50% return. Over the past 10 years, FLSPX has outperformed BTPIX with an annualized return of 10.50%, while BTPIX has yielded a comparatively lower 3.56% annualized return.
FLSPX
- 1D
- 1.77%
- 1M
- 0.60%
- 6M
- 7.28%
- YTD
- 10.62%
- 1Y
- 23.47%
- 3Y*
- 19.05%
- 5Y*
- 11.66%
- 10Y*
- 10.50%
- ALL TIME*
- 9.46%
BTPIX
- 1D
- 0.00%
- 1M
- -1.42%
- 6M
- -0.36%
- YTD
- 2.50%
- 1Y
- 7.13%
- 3Y*
- 1.04%
- 5Y*
- 1.49%
- 10Y*
- 3.56%
- ALL TIME*
- 3.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
FLSPX Meeder Spectrum Fund | $0.00 | $0.00 | $0.00 |
FLSPX vs. BTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLSPX Meeder Spectrum Fund | 10.62% | 16.15% | 27.96% | 14.00% | -11.49% | 20.56% | -0.23% | 13.03% | -3.96% | 19.30% |
BTPIX Salient Tactical Plus Fund | 2.50% | -2.44% | 3.17% | 4.22% | -1.65% | 6.48% | 7.46% | 7.54% | 2.94% | 0.26% |
Correlation
The correlation between FLSPX and BTPIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2015 | 0.67 |
Over the past year, FLSPX and BTPIX have become more correlated (0.90) than their long-term average of 0.67, meaning their price movements have been converging.
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Return for Risk
FLSPX vs. BTPIX — Risk / Return Rank
FLSPX
BTPIX
FLSPX vs. BTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meeder Spectrum Fund (FLSPX) and Salient Tactical Plus Fund (BTPIX). 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.
| FLSPX | BTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.12 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 0.93 | +1.56 |
| Martin ratioReturn relative to average drawdown | 10.08 | 2.54 | +7.54 |
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Drawdowns
FLSPX vs. BTPIX - Drawdown Comparison
The maximum FLSPX drawdown since its inception was -27.07%, which is greater than BTPIX's maximum drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for FLSPX and BTPIX.
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Drawdown Indicators
| FLSPX | BTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.07% | -13.30% | -13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -6.84% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | -8.90% | -7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -8.90% | -11.11% |
Max Drawdown (10Y)Largest decline over 10 years | -27.07% | -11.04% | -16.03% |
Current DrawdownCurrent decline from peak | -1.07% | -4.15% | +3.08% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -3.86% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.50% | -0.35% |
Volatility
FLSPX vs. BTPIX - Volatility Comparison
Meeder Spectrum Fund (FLSPX) has a higher volatility of 3.35% compared to Salient Tactical Plus Fund (BTPIX) at 1.75%. This indicates that FLSPX's price experiences larger fluctuations and is considered to be riskier than BTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLSPX | BTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 1.75% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 6.74% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 9.78% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 6.34% | +7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.61% | 8.56% | +5.05% |
FLSPX vs. BTPIX - Expense Ratio Comparison
FLSPX has a 1.52% expense ratio, which is higher than BTPIX's 1.08% expense ratio.
Dividends
FLSPX vs. BTPIX - Dividend Comparison
FLSPX's dividend yield for the trailing twelve months is around 4.10%, more than BTPIX's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTPIX Salient Tactical Plus Fund | 2.74% | 2.81% | 3.80% | 4.93% | 7.72% | 0.00% | 6.10% | 6.16% | 3.08% | 0.00% | 4.14% | 0.00% |
FLSPX Meeder Spectrum Fund | 4.10% | 4.32% | 17.39% | 8.41% | 2.81% | 5.55% | 0.09% | 0.96% | 1.26% | 6.78% | 2.52% | 1.55% |
Frequently Asked Questions
With a correlation of 0.90, FLSPX and BTPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FLSPX has higher volatility (3.35%) compared to BTPIX (1.75%). In terms of maximum drawdown, FLSPX dropped -27.07% vs BTPIX's -13.30%.
FLSPX currently has the higher Sharpe Ratio (1.68 vs 0.65), 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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