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.
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.
Performance
IOFIX vs. VOO - Performance Comparison
Key characteristics
IOFIX:
-0.23
VOO:
1.94
IOFIX:
-0.29
VOO:
2.60
IOFIX:
0.96
VOO:
1.35
IOFIX:
-0.04
VOO:
2.92
IOFIX:
-0.52
VOO:
12.23
IOFIX:
1.95%
VOO:
2.02%
IOFIX:
4.46%
VOO:
12.74%
IOFIX:
-45.49%
VOO:
-33.99%
IOFIX:
-26.89%
VOO:
-1.31%
Returns By Period
In the year-to-date period, IOFIX achieves a -0.41% return, which is significantly lower than VOO's 2.70% return.
IOFIX
-0.41%
-0.41%
-1.48%
0.12%
-5.84%
N/A
VOO
2.70%
1.64%
16.03%
23.86%
14.34%
13.41%
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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.
Dividends
IOFIX vs. VOO - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 8.25%, more than VOO's 1.21% 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% |
VOO Vanguard S&P 500 ETF | 1.21% | 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. For additional features, visit the drawdowns tool.
Volatility
IOFIX vs. VOO - Volatility Comparison
The current volatility for AlphaCentric Income Opportunities Fund (IOFIX) is 1.55%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.01%. 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.