HMXIX vs. GNXIX
HMXIX (AlphaCentric Premium Opportunity Fund) and GNXIX (AlphaCentric Robotics and Automation Fund) are both mutual funds - HMXIX is a Options Trading fund managed by AlphaCentric Funds, while GNXIX is a Global Equities fund managed by AlphaCentric Funds. Over the past 5 years, HMXIX returned 5.76%/yr vs -2.16%/yr for GNXIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. HMXIX charges 1.99%/yr vs 1.40%/yr for GNXIX.
Performance
HMXIX vs. GNXIX - Performance Comparison
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Returns By Period
In the year-to-date period, HMXIX achieves a 7.85% return, which is significantly higher than GNXIX's -19.19% return.
HMXIX
- 1D
- 2.00%
- 1M
- 0.32%
- 6M
- 7.67%
- YTD
- 7.85%
- 1Y
- 16.37%
- 3Y*
- 9.20%
- 5Y*
- 5.76%
- 10Y*
- 7.53%
- ALL TIME*
- 8.10%
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%
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 |
HMXIX vs. GNXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMXIX AlphaCentric Premium Opportunity Fund | 7.85% | 8.73% | 8.86% | 13.36% | -10.62% | 7.82% | 27.93% | 16.54% | -5.61% | 0.29% |
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% |
Correlation
The correlation between HMXIX and GNXIX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017 | 0.61 |
The correlation between HMXIX and GNXIX has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
HMXIX vs. GNXIX — Risk / Return Rank
HMXIX
GNXIX
HMXIX vs. GNXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Premium Opportunity Fund (HMXIX) and AlphaCentric Robotics and Automation Fund (GNXIX). 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.
| HMXIX | GNXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.98 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.33 | +1.88 |
| Martin ratioReturn relative to average drawdown | 5.03 | -0.76 | +5.79 |
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Drawdowns
HMXIX vs. GNXIX - Drawdown Comparison
The maximum HMXIX drawdown since its inception was -15.80%, smaller than the maximum GNXIX drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for HMXIX and GNXIX.
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Drawdown Indicators
| HMXIX | GNXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -46.17% | +30.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -36.83% | +28.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -36.83% | +21.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -45.91% | +30.11% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | -33.50% | +31.30% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -17.25% | +13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 15.87% | -13.19% |
Volatility
HMXIX vs. GNXIX - Volatility Comparison
The current volatility for AlphaCentric Premium Opportunity Fund (HMXIX) is 4.42%, while AlphaCentric Robotics and Automation Fund (GNXIX) has a volatility of 12.13%. This indicates that HMXIX experiences smaller price fluctuations and is considered to be less risky than GNXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMXIX | GNXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 12.13% | -7.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 31.72% | -21.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 41.06% | -27.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 28.50% | -17.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.73% | 24.80% | -14.07% |
HMXIX vs. GNXIX - Expense Ratio Comparison
HMXIX has a 1.99% expense ratio, which is higher than GNXIX's 1.40% expense ratio.
Dividends
HMXIX vs. GNXIX - Dividend Comparison
HMXIX's dividend yield for the trailing twelve months is around 5.68%, more than GNXIX's 1.47% 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% |
HMXIX AlphaCentric Premium Opportunity Fund | 5.68% | 6.13% | 2.17% | 0.00% | 0.00% | 4.78% | 2.26% | 0.00% | 0.00% | 0.47% | 0.16% |
Frequently Asked Questions
HMXIX and GNXIX have a correlation of 0.60, 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 HMXIX (4.42%). In terms of maximum drawdown, HMXIX dropped -15.80% vs GNXIX's -46.17%.
HMXIX currently has the higher Sharpe Ratio (0.98 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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