Correlation
The correlation between IOFIX and BIV is 0.06, 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.
IOFIX vs. BIV
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and Vanguard Intermediate-Term Bond ETF (BIV).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOFIX or BIV.
Performance
IOFIX vs. BIV - Performance Comparison
Loading data...
Key characteristics
IOFIX:
0.66
BIV:
1.33
IOFIX:
1.01
BIV:
1.94
IOFIX:
1.12
BIV:
1.23
IOFIX:
0.12
BIV:
0.59
IOFIX:
1.60
BIV:
3.28
IOFIX:
2.20%
BIV:
2.22%
IOFIX:
5.19%
BIV:
5.49%
IOFIX:
-45.49%
BIV:
-18.95%
IOFIX:
-25.77%
BIV:
-5.52%
Returns By Period
In the year-to-date period, IOFIX achieves a 1.11% return, which is significantly lower than BIV's 3.60% return. Both investments have delivered pretty close results over the past 10 years, with IOFIX having a 1.96% annualized return and BIV not far ahead at 1.97%.
IOFIX
1.11%
0.70%
-0.90%
3.37%
-4.01%
0.77%
1.96%
BIV
3.60%
-0.47%
1.89%
7.24%
2.17%
-0.59%
1.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IOFIX vs. BIV - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than BIV's 0.04% expense ratio.
Risk-Adjusted Performance
IOFIX vs. BIV — Risk-Adjusted Performance Rank
IOFIX
BIV
IOFIX vs. BIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and Vanguard Intermediate-Term Bond ETF (BIV). 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.
Loading data...
Dividends
IOFIX vs. BIV - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 7.61%, more than BIV's 3.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | 7.61% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.69% | 5.05% | 4.83% | 4.98% | 2.22% | 0.00% |
BIV Vanguard Intermediate-Term Bond ETF | 3.84% | 3.79% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% |
Drawdowns
IOFIX vs. BIV - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, which is greater than BIV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for IOFIX and BIV.
Loading data...
Volatility
IOFIX vs. BIV - Volatility Comparison
AlphaCentric Income Opportunities Fund (IOFIX) and Vanguard Intermediate-Term Bond ETF (BIV) have volatilities of 1.68% and 1.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...