Correlation
The correlation between IOFIX and VOO is 0.06, 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. VOO
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and Vanguard S&P 500 ETF (VOO).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOFIX or VOO.
Performance
IOFIX vs. VOO - Performance Comparison
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Key characteristics
IOFIX:
0.66
VOO:
0.74
IOFIX:
1.01
VOO:
1.04
IOFIX:
1.12
VOO:
1.15
IOFIX:
0.12
VOO:
0.68
IOFIX:
1.60
VOO:
2.58
IOFIX:
2.20%
VOO:
4.93%
IOFIX:
5.19%
VOO:
19.54%
IOFIX:
-45.49%
VOO:
-33.99%
IOFIX:
-25.77%
VOO:
-3.55%
Returns By Period
In the year-to-date period, IOFIX achieves a 1.11% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, IOFIX has underperformed VOO with an annualized return of 1.96%, while VOO has yielded a comparatively higher 12.81% annualized return.
IOFIX
1.11%
0.98%
-0.90%
3.37%
-4.01%
0.77%
1.96%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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IOFIX vs. VOO - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
IOFIX vs. VOO — Risk-Adjusted Performance Rank
IOFIX
VOO
IOFIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 7.61%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
IOFIX vs. VOO - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IOFIX and VOO.
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Volatility
IOFIX vs. VOO - Volatility Comparison
The current volatility for AlphaCentric Income Opportunities Fund (IOFIX) is 1.68%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that IOFIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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