GNXIX vs. IOFIX
GNXIX (AlphaCentric Robotics and Automation Fund) and IOFIX (AlphaCentric Income Opportunities Fund) are both mutual funds - GNXIX is a Global Equities fund managed by AlphaCentric Funds, while IOFIX is a Multisector Bonds fund managed by AlphaCentric Funds. Over the past 5 years, GNXIX returned -2.16%/yr vs -3.37%/yr for IOFIX. Their 0.11 correlation means their historical movements had little consistent relationship. GNXIX charges 1.40%/yr vs 1.65%/yr for IOFIX.
Performance
GNXIX vs. IOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, GNXIX achieves a -19.19% return, which is significantly lower than IOFIX's 0.42% return.
GNXIX
- 1D
- 5.27%
- 1M
- -15.44%
- 6M
- -23.88%
- YTD
- -19.19%
- 1Y
- -9.54%
- 3Y*
- 6.17%
- 5Y*
- -2.16%
- 10Y*
- —
- ALL TIME*
- 5.76%
IOFIX
- 1D
- -0.28%
- 1M
- -0.56%
- 6M
- 0.15%
- YTD
- 0.42%
- 1Y
- 4.28%
- 3Y*
- 1.69%
- 5Y*
- -3.37%
- 10Y*
- 1.32%
- ALL TIME*
- 1.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GNXIX vs. IOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GNXIX AlphaCentric Robotics and Automation Fund | -19.19% | 22.71% | 24.96% | 7.21% | -32.53% | 5.95% | 40.26% | 27.85% | -18.74% | 20.66% |
IOFIX AlphaCentric Income Opportunities Fund | 0.42% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | -10.56% | 11.93% | 4.45% | 7.49% |
Correlation
The correlation between GNXIX and IOFIX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017 | 0.11 |
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Return for Risk
GNXIX vs. IOFIX — Risk / Return Rank
GNXIX
IOFIX
GNXIX vs. IOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Robotics and Automation Fund (GNXIX) and AlphaCentric Income Opportunities Fund (IOFIX). 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.
| GNXIX | IOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.23 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.58 | -1.91 |
| Martin ratioReturn relative to average drawdown | -0.76 | 4.26 | -5.02 |
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Drawdowns
GNXIX vs. IOFIX - Drawdown Comparison
The maximum GNXIX drawdown since its inception was -46.17%, roughly equal to the maximum IOFIX drawdown of -45.49%. Use the drawdown chart below to compare losses from any high point for GNXIX and IOFIX.
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Drawdown Indicators
| GNXIX | IOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -45.49% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -36.83% | -2.98% | -33.85% |
Max Drawdown (3Y)Largest decline over 3 years | -36.83% | -8.14% | -28.69% |
Max Drawdown (5Y)Largest decline over 5 years | -45.91% | -30.50% | -15.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.49% | — |
Current DrawdownCurrent decline from peak | -33.50% | -20.13% | -13.37% |
Average DrawdownAverage peak-to-trough decline | -17.25% | -11.89% | -5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.87% | 1.11% | +14.76% |
Volatility
GNXIX vs. IOFIX - Volatility Comparison
AlphaCentric Robotics and Automation Fund (GNXIX) has a higher volatility of 12.13% compared to AlphaCentric Income Opportunities Fund (IOFIX) at 0.93%. This indicates that GNXIX's price experiences larger fluctuations and is considered to be riskier than IOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GNXIX | IOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.13% | 0.93% | +11.20% |
Volatility (6M)Calculated over the trailing 6-month period | 31.72% | 3.12% | +28.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.06% | 4.05% | +37.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.50% | 4.85% | +23.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.80% | 9.27% | +15.53% |
GNXIX vs. IOFIX - Expense Ratio Comparison
GNXIX has a 1.40% expense ratio, which is lower than IOFIX's 1.65% expense ratio.
Dividends
GNXIX vs. IOFIX - Dividend Comparison
GNXIX's dividend yield for the trailing twelve months is around 1.47%, less than IOFIX's 8.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GNXIX AlphaCentric Robotics and Automation Fund | 1.47% | 1.19% | 0.00% | 0.00% | 5.18% | 4.23% | 0.00% | 0.00% | 3.38% | 1.85% | 0.00% |
IOFIX AlphaCentric Income Opportunities Fund | 8.49% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% |
Frequently Asked Questions
GNXIX and IOFIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GNXIX has higher volatility (12.13%) compared to IOFIX (0.93%). In terms of maximum drawdown, GNXIX dropped -46.17% vs IOFIX's -45.49%.
IOFIX currently has the higher Sharpe Ratio (1.17 vs -0.29), 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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