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.
Performance
IOFIX vs. SHY - Performance Comparison
Loading graphics...
IOFIX vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | -0.00% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | -10.56% | 11.93% | 4.45% | 14.04% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.27% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Returns By Period
Over the past 10 years, IOFIX has outperformed SHY with an annualized return of 1.81%, while SHY has yielded a comparatively lower 1.65% annualized return.
IOFIX
- 1D
- 0.98%
- 1M
- -1.48%
- YTD
- -0.00%
- 6M
- 1.61%
- 1Y
- 7.75%
- 3Y*
- 1.50%
- 5Y*
- -2.73%
- 10Y*
- 1.81%
SHY
- 1D
- 0.08%
- 1M
- -0.47%
- YTD
- 0.27%
- 6M
- 1.34%
- 1Y
- 3.61%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
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. SHY - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than SHY's 0.15% expense ratio.
Return for Risk
IOFIX vs. SHY — Risk / Return Rank
IOFIX
SHY
IOFIX vs. SHY - Risk-Adjusted Trends 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.
| IOFIX | SHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 2.50 | -0.95 |
Sortino ratioReturn per unit of downside risk | 2.39 | 4.12 | -1.73 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.52 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 4.15 | -2.08 |
Martin ratioReturn relative to average drawdown | 6.71 | 16.03 | -9.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IOFIX | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.50 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | 0.87 | -1.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 1.06 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.29 | -1.09 |
Correlation
The correlation between IOFIX and SHY is 0.25, 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
IOFIX vs. SHY - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 8.29%, more than SHY's 3.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | 8.29% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.75% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
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 -5.71%. Use the drawdown chart below to compare losses from any high point for IOFIX and SHY.
Loading graphics...
Drawdown Indicators
| IOFIX | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.49% | -5.71% | -39.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -0.89% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -5.71% | -24.79% |
Max Drawdown (10Y)Largest decline over 10 years | -45.49% | -5.71% | -39.78% |
Current DrawdownCurrent decline from peak | -20.47% | -0.47% | -20.00% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -0.52% | -11.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.23% | +0.95% |
Volatility
IOFIX vs. SHY - Volatility Comparison
AlphaCentric Income Opportunities Fund (IOFIX) has a higher volatility of 1.70% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.58%. 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.
Loading graphics...
Volatility by Period
| IOFIX | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.58% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 0.89% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 1.45% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 1.97% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 1.56% | +7.70% |