Correlation
The correlation between IOFIX and SGOV is 0.00, 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. SGOV
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOFIX or SGOV.
Performance
IOFIX vs. SGOV - Performance Comparison
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Key characteristics
IOFIX:
0.66
SGOV:
21.63
IOFIX:
1.01
SGOV:
474.39
IOFIX:
1.12
SGOV:
475.39
IOFIX:
0.12
SGOV:
485.71
IOFIX:
1.60
SGOV:
7,710.35
IOFIX:
2.20%
SGOV:
0.00%
IOFIX:
5.19%
SGOV:
0.22%
IOFIX:
-45.49%
SGOV:
-0.03%
IOFIX:
-25.77%
SGOV:
0.00%
Returns By Period
In the year-to-date period, IOFIX achieves a 1.11% return, which is significantly lower than SGOV's 1.75% return.
IOFIX
1.11%
0.70%
-0.90%
3.37%
-4.01%
0.77%
1.96%
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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IOFIX vs. SGOV - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
IOFIX vs. SGOV — Risk-Adjusted Performance Rank
IOFIX
SGOV
IOFIX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
IOFIX vs. SGOV - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 7.61%, more than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IOFIX vs. SGOV - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IOFIX and SGOV.
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Volatility
IOFIX vs. SGOV - Volatility Comparison
AlphaCentric Income Opportunities Fund (IOFIX) has a higher volatility of 1.68% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that IOFIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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