ICMUX vs. JSVIX

Last updated Apr 1, 2026

Compare and contrast key facts about Intrepid Income Fund (ICMUX) and Easterly Income Opportunities Fund (JSVIX).

ICMUX is managed by Intrepid Funds. It was launched on Jul 1, 2007. JSVIX is managed by James Alpha Advisors. It was launched on Aug 20, 2018.

Performance

ICMUX vs. JSVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Intrepid Income Fund (ICMUX) and Easterly Income Opportunities Fund (JSVIX). The values are adjusted to include any dividend payments, if applicable.

ICMUX vs. JSVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ICMUX Intrepid Income Fund	-0.24%	8.16%	10.43%	10.90%	-3.17%	10.02%	8.77%	4.65%	-0.44%
JSVIX Easterly Income Opportunities Fund	0.25%	7.88%	8.22%	5.92%	-6.27%	4.79%	14.05%	7.32%	1.26%

Returns By Period

In the year-to-date period, ICMUX achieves a -0.24% return, which is significantly lower than JSVIX's 0.25% return.

ICMUX

• 1D: 0.11%
• 1M: -0.34%
• YTD: -0.24%
• 6M: 0.95%
• 1Y: 6.58%
• 3Y*: 9.12%
• 5Y*: 6.22%
• 10Y*: 5.93%

JSVIX

• 1D: 0.20%
• 1M: -1.28%
• YTD: 0.25%
• 6M: 2.19%
• 1Y: 6.22%
• 3Y*: 6.85%
• 5Y*: 3.47%
• 10Y*: —

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

ICMUX vs. JSVIX - Expense Ratio Comparison

ICMUX has a 0.91% expense ratio, which is lower than JSVIX's 1.48% expense ratio.

JSVIX

Easterly Income Opportunities Fund

ICMUX

Intrepid Income Fund

Return for Risk

ICMUX vs. JSVIX — Risk / Return Rank

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

ICMUX

ICMUX Risk / Return Rank: 94
ICMUX Sharpe Ratio Rank: 97
ICMUX Sortino Ratio Rank: 96
ICMUX Omega Ratio Rank: 97
ICMUX Calmar Ratio Rank: 91
ICMUX Martin Ratio Rank: 90

JSVIX

JSVIX Risk / Return Rank: 98
JSVIX Sharpe Ratio Rank: 98
JSVIX Sortino Ratio Rank: 98
JSVIX Omega Ratio Rank: 97
JSVIX Calmar Ratio Rank: 98
JSVIX Martin Ratio Rank: 98

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.

ICMUX vs. JSVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Intrepid Income Fund (ICMUX) and Easterly Income Opportunities Fund (JSVIX). 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.

	ICMUX	JSVIX	Difference
Sharpe ratio Return per unit of total volatility	2.52	2.95	-0.43
Sortino ratio Return per unit of downside risk	3.40	4.45	-1.05
Omega ratio Gain probability vs. loss probability	1.62	1.71	-0.08
Calmar ratio Return relative to maximum drawdown	2.60	4.34	-1.75
Martin ratio Return relative to average drawdown	10.35	19.97	-9.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICMUX vs. JSVIX - Sharpe Ratio Comparison

The current ICMUX Sharpe Ratio is 2.52, which is comparable to the JSVIX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of ICMUX and JSVIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICMUX	JSVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.95	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.35	1.40	+0.95
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.04	2.18	-0.14

Correlation

The correlation between ICMUX and JSVIX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ICMUX vs. JSVIX - Dividend Comparison

ICMUX's dividend yield for the trailing twelve months is around 7.03%, more than JSVIX's 5.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICMUX Intrepid Income Fund	7.03%	7.96%	7.85%	9.10%	8.17%	5.99%	5.56%	3.35%	3.07%	2.86%	3.01%	3.53%
JSVIX Easterly Income Opportunities Fund	5.03%	4.83%	5.88%	5.33%	5.57%	5.34%	6.69%	6.29%	0.96%	0.00%	0.00%	0.00%

Drawdowns

ICMUX vs. JSVIX - Drawdown Comparison

The maximum ICMUX drawdown since its inception was -8.77%, roughly equal to the maximum JSVIX drawdown of -8.75%. Use the drawdown chart below to compare losses from any high point for ICMUX and JSVIX.

Drawdown Indicators

	ICMUX	JSVIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.77%	-8.75%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-1.48%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	-5.64%	-8.75%	+3.11%
Max Drawdown (10Y) Largest decline over 10 years	-8.77%	—	—
Current Drawdown Current decline from peak	-1.12%	-1.28%	+0.16%
Average Drawdown Average peak-to-trough decline	-0.74%	-1.72%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	0.32%	+0.30%

Volatility

ICMUX vs. JSVIX - Volatility Comparison

Intrepid Income Fund (ICMUX) has a higher volatility of 0.77% compared to Easterly Income Opportunities Fund (JSVIX) at 0.73%. This indicates that ICMUX's price experiences larger fluctuations and is considered to be riskier than JSVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICMUX	JSVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.73%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	1.38%	1.25%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	2.08%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.66%	2.48%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.58%	2.58%	0.00%