HMXIX vs. HRSTX
HMXIX (AlphaCentric Premium Opportunity Fund) and HRSTX (Rational Tactical Return Fund) are both Options Trading funds. Over the past 10 years, HMXIX returned 7.53%/yr vs 5.51%/yr for HRSTX. Their 0.13 correlation means their historical movements had little consistent relationship. Both charge a 1.99% expense ratio.
Performance
HMXIX vs. HRSTX - 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 HRSTX's 5.80% return. Over the past 10 years, HMXIX has outperformed HRSTX with an annualized return of 7.53%, while HRSTX has yielded a comparatively lower 5.51% annualized 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%
HRSTX
- 1D
- 1.42%
- 1M
- 0.02%
- 6M
- 5.86%
- YTD
- 5.80%
- 1Y
- 7.68%
- 3Y*
- 5.04%
- 5Y*
- 4.92%
- 10Y*
- 5.51%
- ALL TIME*
- 0.64%
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. HRSTX - 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% | 2.71% |
HRSTX Rational Tactical Return Fund | 5.80% | 3.66% | 3.23% | 5.06% | 5.90% | 3.95% | 2.65% | 8.35% | 9.66% | 3.49% |
Correlation
The correlation between HMXIX and HRSTX is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2012 | 0.13 |
Over the past year, HMXIX and HRSTX have become more correlated (0.65) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
HMXIX vs. HRSTX — Risk / Return Rank
HMXIX
HRSTX
HMXIX vs. HRSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Premium Opportunity Fund (HMXIX) and Rational Tactical Return Fund (HRSTX). 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 | HRSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.33 | -0.77 |
| Martin ratioReturn relative to average drawdown | 5.03 | 11.55 | -6.52 |
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Drawdowns
HMXIX vs. HRSTX - Drawdown Comparison
The maximum HMXIX drawdown since its inception was -15.80%, smaller than the maximum HRSTX drawdown of -69.69%. Use the drawdown chart below to compare losses from any high point for HMXIX and HRSTX.
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Drawdown Indicators
| HMXIX | HRSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -69.69% | +53.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -3.09% | -5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -3.09% | -12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -3.09% | -12.71% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | -15.82% | +0.02% |
Current DrawdownCurrent decline from peak | -2.20% | -8.84% | +6.64% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -31.40% | +27.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 0.63% | +2.05% |
Volatility
HMXIX vs. HRSTX - Volatility Comparison
AlphaCentric Premium Opportunity Fund (HMXIX) has a higher volatility of 4.42% compared to Rational Tactical Return Fund (HRSTX) at 2.88%. This indicates that HMXIX's price experiences larger fluctuations and is considered to be riskier than HRSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMXIX | HRSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 2.88% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 5.79% | +4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 5.84% | +7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 3.93% | +7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.73% | 7.09% | +3.64% |
HMXIX vs. HRSTX - Expense Ratio Comparison
Both HMXIX and HRSTX have an expense ratio of 1.99%.
Dividends
HMXIX vs. HRSTX - Dividend Comparison
HMXIX's dividend yield for the trailing twelve months is around 5.68%, less than HRSTX's 10.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
HRSTX Rational Tactical Return Fund | 10.03% | 6.72% | 4.47% | 5.60% | 2.24% | 3.75% | 2.10% | 3.36% | 1.33% | 5.55% | 13.80% | 4.82% |
Frequently Asked Questions
HMXIX and HRSTX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMXIX has higher volatility (4.42%) compared to HRSTX (2.88%). In terms of maximum drawdown, HMXIX dropped -15.80% vs HRSTX's -69.69%.
HRSTX currently has the higher Sharpe Ratio (1.23 vs 0.98), 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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