HMXIX vs. SYMIX
HMXIX (AlphaCentric Premium Opportunity Fund) and SYMIX (AlphaCentric Symmetry Strategy Fund Class I) are both mutual funds - HMXIX is a Options Trading fund managed by AlphaCentric Funds, while SYMIX is a Multistrategy fund managed by AlphaCentric Funds. Over the past 5 years, HMXIX returned 6.06%/yr vs 7.05%/yr for SYMIX. A 0.55 correlation means they provide meaningful diversification when combined. HMXIX charges 1.99%/yr vs 1.69%/yr for SYMIX.
Performance
HMXIX vs. SYMIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HMXIX having a 7.82% return and SYMIX slightly lower at 7.60%.
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%
SYMIX
- 1D
- 0.34%
- 1M
- -3.25%
- YTD
- 7.60%
- 6M
- 6.67%
- 1Y
- 22.69%
- 3Y*
- 10.11%
- 5Y*
- 7.05%
- 10Y*
- —
HMXIX vs. SYMIX - 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% | 6.25% |
SYMIX AlphaCentric Symmetry Strategy Fund Class I | 7.60% | 12.36% | 7.61% | 0.93% | 6.09% | 14.07% | -2.60% | 0.06% |
Correlation
The correlation between HMXIX and SYMIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2019 | 0.55 |
The correlation between HMXIX and SYMIX has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
HMXIX vs. SYMIX — Risk / Return Rank
HMXIX
SYMIX
HMXIX vs. SYMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Premium Opportunity Fund (HMXIX) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX). 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 | SYMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 3.98 | -1.48 |
| Martin ratioReturn relative to average drawdown | 8.52 | 13.06 | -4.54 |
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Drawdowns
HMXIX vs. SYMIX - Drawdown Comparison
The maximum HMXIX drawdown since its inception was -15.80%, smaller than the maximum SYMIX drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for HMXIX and SYMIX.
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Drawdown Indicators
| HMXIX | SYMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -17.44% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -6.07% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -12.03% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -12.20% | -3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -4.31% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -4.18% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.84% | +0.70% |
Volatility
HMXIX vs. SYMIX - Volatility Comparison
AlphaCentric Premium Opportunity Fund (HMXIX) has a higher volatility of 5.11% compared to AlphaCentric Symmetry Strategy Fund Class I (SYMIX) at 2.89%. This indicates that HMXIX's price experiences larger fluctuations and is considered to be riskier than SYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMXIX | SYMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.89% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 9.37% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.92% | 11.60% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.74% | 10.89% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 11.01% | -0.34% |
HMXIX vs. SYMIX - Expense Ratio Comparison
HMXIX has a 1.99% expense ratio, which is higher than SYMIX's 1.69% expense ratio.
Dividends
HMXIX vs. SYMIX - Dividend Comparison
HMXIX's dividend yield for the trailing twelve months is around 5.69%, while SYMIX has not paid dividends to shareholders.
| 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% |
SYMIX AlphaCentric Symmetry Strategy Fund Class I | 0.00% | 0.00% | 0.00% | 2.06% | 9.82% | 0.25% | 1.71% | 2.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HMXIX and SYMIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMXIX has higher volatility (5.11%) compared to SYMIX (2.89%). In terms of maximum drawdown, HMXIX dropped -15.80% vs SYMIX's -17.44%.
SYMIX currently has the higher Sharpe Ratio (2.08 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.
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