IOFIX vs. SPY
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOFIX or SPY.
Correlation
The correlation between IOFIX and SPY is 0.07, 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.
Performance
IOFIX vs. SPY - Performance Comparison
Key characteristics
IOFIX:
-0.23
SPY:
1.93
IOFIX:
-0.29
SPY:
2.59
IOFIX:
0.96
SPY:
1.35
IOFIX:
-0.04
SPY:
2.93
IOFIX:
-0.52
SPY:
12.16
IOFIX:
1.95%
SPY:
2.02%
IOFIX:
4.46%
SPY:
12.73%
IOFIX:
-45.49%
SPY:
-55.19%
IOFIX:
-26.89%
SPY:
-1.31%
Returns By Period
In the year-to-date period, IOFIX achieves a -0.41% return, which is significantly lower than SPY's 2.68% return.
IOFIX
-0.41%
-0.41%
-1.48%
0.12%
-5.84%
N/A
SPY
2.68%
1.66%
15.99%
23.74%
14.27%
13.34%
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IOFIX vs. SPY - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IOFIX vs. SPY — Risk-Adjusted Performance Rank
IOFIX
SPY
IOFIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and 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.
Dividends
IOFIX vs. SPY - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 8.25%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | 8.25% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.69% | 5.05% | 4.83% | 4.98% | 2.22% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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. For additional features, visit the drawdowns tool.
Volatility
IOFIX vs. SPY - Volatility Comparison
The current volatility for AlphaCentric Income Opportunities Fund (IOFIX) is 1.55%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.03%. 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.