IOFIX vs. SPY
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and State Street SPDR S&P 500 ETF (SPY).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
IOFIX vs. SPY - Performance Comparison
Loading graphics...
IOFIX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
Over the past 10 years, IOFIX has underperformed SPY with an annualized return of 1.81%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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. SPY - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
IOFIX vs. SPY — Risk / Return Rank
IOFIX
SPY
IOFIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.93 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.39 | 1.45 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.53 | +0.55 |
Martin ratioReturn relative to average drawdown | 6.71 | 7.30 | -0.59 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.93 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | 0.69 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.78 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.56 | -0.36 |
Correlation
The correlation between IOFIX and SPY is 0.08, 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. SPY - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 8.29%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
IOFIX vs. SPY - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IOFIX and SPY.
Loading graphics...
Drawdown Indicators
| IOFIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.49% | -55.19% | +9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -12.05% | +8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -24.50% | -6.00% |
Max Drawdown (10Y)Largest decline over 10 years | -45.49% | -33.72% | -11.77% |
Current DrawdownCurrent decline from peak | -20.47% | -6.24% | -14.23% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -9.09% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.52% | -1.34% |
Volatility
IOFIX vs. SPY - Volatility Comparison
The current volatility for AlphaCentric Income Opportunities Fund (IOFIX) is 1.70%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that IOFIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IOFIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 5.31% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 9.47% | -6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 19.05% | -14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 17.06% | -12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 17.92% | -8.66% |