HMXIX vs. LYFIX

Last updated Jun 24, 2026

HMXIX (AlphaCentric Premium Opportunity Fund) and LYFIX (AlphaCentric LifeSci Healthcare Fund) are both mutual funds - HMXIX is a Options Trading fund managed by AlphaCentric Funds, while LYFIX is a Health & Biotech Equities fund managed by AlphaCentric Funds. Over the past 5 years, HMXIX returned 6.06%/yr vs 6.33%/yr for LYFIX. A 0.51 correlation means they provide meaningful diversification when combined. HMXIX charges 1.99%/yr vs 1.40%/yr for LYFIX.

Performance

HMXIX vs. LYFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AlphaCentric Premium Opportunity Fund (HMXIX) and AlphaCentric LifeSci Healthcare Fund (LYFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HMXIX achieves a 7.82% return, which is significantly lower than LYFIX's 9.31% return.

HMXIX

• 1D: -0.35%
• 1M: 0.73%
• YTD: 7.82%
• 6M: 6.69%
• 1Y: 20.43%
• 3Y*: 10.25%
• 5Y*: 6.06%
• 10Y*: 7.58%

LYFIX

• 1D: 3.21%
• 1M: 6.36%
• YTD: 9.31%
• 6M: 8.56%
• 1Y: 46.30%
• 3Y*: 10.63%
• 5Y*: 6.33%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HMXIX vs. LYFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HMXIX AlphaCentric Premium Opportunity Fund	7.82%	8.73%	8.86%	13.36%	-10.62%	7.82%	27.93%	1.33%
LYFIX AlphaCentric LifeSci Healthcare Fund	9.31%	28.22%	-0.27%	7.19%	-0.92%	-3.42%	54.83%	1.20%

Correlation

The correlation between HMXIX and LYFIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Nov 29, 2019	0.51

The correlation between HMXIX and LYFIX shifts across timeframes, from 0.36 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HMXIX vs. LYFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HMXIX

HMXIX Risk / Return Rank: 40
HMXIX Sharpe Ratio Rank: 39
HMXIX Sortino Ratio Rank: 33
HMXIX Omega Ratio Rank: 38
HMXIX Calmar Ratio Rank: 46
HMXIX Martin Ratio Rank: 42

LYFIX

LYFIX Risk / Return Rank: 83
LYFIX Sharpe Ratio Rank: 83
LYFIX Sortino Ratio Rank: 79
LYFIX Omega Ratio Rank: 65
LYFIX Calmar Ratio Rank: 95
LYFIX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HMXIX vs. LYFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Premium Opportunity Fund (HMXIX) and AlphaCentric LifeSci Healthcare Fund (LYFIX). 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	LYFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.50	-0.82
Sortino ratio: Return per unit of downside risk	2.21	3.43	-1.22
Omega ratio: Gain probability vs. loss probability	1.31	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	2.50	5.58	-3.08
Martin ratio: Return relative to average drawdown	8.52	20.30	-11.78

HMXIX vs. LYFIX - Sharpe Ratio Comparison

The current HMXIX Sharpe Ratio is 1.68, which is lower than the LYFIX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of HMXIX and LYFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HMXIX vs. LYFIX - Drawdown Comparison

The maximum HMXIX drawdown since its inception was -15.80%, smaller than the maximum LYFIX drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for HMXIX and LYFIX.

Drawdown Indicators

	HMXIX	LYFIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-35.33%	+19.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-8.49%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-24.22%	+8.42%
Max Drawdown (5Y) Largest decline over 5 years	-15.80%	-32.21%	+16.41%
Max Drawdown (10Y) Largest decline over 10 years	-15.80%	—	—
Current Drawdown Current decline from peak	-2.23%	0.00%	-2.23%
Average Drawdown Average peak-to-trough decline	-3.45%	-9.79%	+6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.33%	+0.21%

Volatility

HMXIX vs. LYFIX - Volatility Comparison

The current volatility for AlphaCentric Premium Opportunity Fund (HMXIX) is 5.11%, while AlphaCentric LifeSci Healthcare Fund (LYFIX) has a volatility of 7.42%. This indicates that HMXIX experiences smaller price fluctuations and is considered to be less risky than LYFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMXIX	LYFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	7.42%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	15.27%	-5.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	18.97%	-6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.74%	22.95%	-12.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.67%	23.44%	-12.77%

HMXIX vs. LYFIX - Expense Ratio Comparison

HMXIX has a 1.99% expense ratio, which is higher than LYFIX's 1.40% expense ratio.

Dividends

HMXIX vs. LYFIX - Dividend Comparison

HMXIX's dividend yield for the trailing twelve months is around 5.69%, more than LYFIX's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HMXIX AlphaCentric Premium Opportunity Fund	5.69%	6.13%	2.17%	0.00%	0.00%	4.78%	2.26%	0.00%	0.00%	0.47%	0.16%
LYFIX AlphaCentric LifeSci Healthcare Fund	1.63%	1.78%	2.24%	2.63%	4.43%	12.88%	2.30%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HMXIX and LYFIX in my portfolio?

HMXIX and LYFIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HMXIX or LYFIX?

LYFIX has higher volatility (7.42%) compared to HMXIX (5.11%). In terms of maximum drawdown, HMXIX dropped -15.80% vs LYFIX's -35.33%.

Which has better risk-adjusted returns?

LYFIX currently has the higher Sharpe Ratio (2.50 vs 1.68), 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.