Correlation
The correlation between IOFIX and SHY is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
IOFIX vs. SHY
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and iShares 1-3 Year Treasury Bond ETF (SHY).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOFIX or SHY.
Performance
IOFIX vs. SHY - Performance Comparison
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Key characteristics
IOFIX:
0.66
SHY:
3.45
IOFIX:
1.01
SHY:
5.85
IOFIX:
1.12
SHY:
1.77
IOFIX:
0.12
SHY:
5.96
IOFIX:
1.60
SHY:
15.95
IOFIX:
2.20%
SHY:
0.36%
IOFIX:
5.19%
SHY:
1.66%
IOFIX:
-45.49%
SHY:
-5.73%
IOFIX:
-25.77%
SHY:
-0.25%
Returns By Period
In the year-to-date period, IOFIX achieves a 1.11% return, which is significantly lower than SHY's 2.13% return. Over the past 10 years, IOFIX has outperformed SHY with an annualized return of 1.96%, while SHY has yielded a comparatively lower 1.41% annualized return.
IOFIX
1.11%
0.70%
-0.90%
3.37%
-4.01%
0.77%
1.96%
SHY
2.13%
-0.25%
2.38%
5.69%
2.88%
1.09%
1.41%
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IOFIX vs. SHY - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than SHY's 0.15% expense ratio.
Risk-Adjusted Performance
IOFIX vs. SHY — Risk-Adjusted Performance Rank
IOFIX
SHY
IOFIX vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 7.61%, more than SHY's 3.95% 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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.95% | 3.92% | 2.99% | 1.30% | 0.24% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% | 0.36% |
Drawdowns
IOFIX vs. SHY - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, which is greater than SHY's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for IOFIX and SHY.
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Volatility
IOFIX vs. SHY - Volatility Comparison
AlphaCentric Income Opportunities Fund (IOFIX) has a higher volatility of 1.68% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.52%. This indicates that IOFIX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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