JAREX vs. JDIEX
JAREX (Easterly Global Real Estate Fund) and JDIEX (Easterly Hedged Equity Fund) are both mutual funds - JAREX is a REIT fund managed by James Alpha Advisors, while JDIEX is a Options Trading fund managed by James Alpha Advisors. Over the past 10 years, JAREX returned 4.73%/yr vs 8.91%/yr for JDIEX. A 0.54 correlation means they provide meaningful diversification when combined. JAREX charges 1.36%/yr vs 1.26%/yr for JDIEX.
Performance
JAREX vs. JDIEX - Performance Comparison
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Returns By Period
In the year-to-date period, JAREX achieves a 9.58% return, which is significantly higher than JDIEX's 7.61% return. Over the past 10 years, JAREX has underperformed JDIEX with an annualized return of 4.73%, while JDIEX has yielded a comparatively higher 8.91% annualized return.
JAREX
- 1D
- 0.48%
- 1M
- -0.67%
- YTD
- 9.58%
- 6M
- 10.29%
- 1Y
- 5.14%
- 3Y*
- 6.68%
- 5Y*
- -0.66%
- 10Y*
- 4.73%
JDIEX
- 1D
- 0.56%
- 1M
- 0.00%
- YTD
- 7.61%
- 6M
- 7.32%
- 1Y
- 17.49%
- 3Y*
- 14.34%
- 5Y*
- 10.70%
- 10Y*
- 8.91%
JAREX vs. JDIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 9.58% | 5.33% | 0.44% | 6.88% | -24.45% | 21.95% | -2.02% | 33.87% | -7.40% | 16.80% |
JDIEX Easterly Hedged Equity Fund | 7.61% | 11.87% | 17.36% | 14.58% | -2.74% | 11.25% | 7.57% | 12.11% | 1.56% | 6.68% |
Correlation
The correlation between JAREX and JDIEX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.54 |
The correlation between JAREX and JDIEX shifts across timeframes, from 0.38 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JAREX vs. JDIEX — Risk / Return Rank
JAREX
JDIEX
JAREX vs. JDIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Global Real Estate Fund (JAREX) and Easterly Hedged Equity Fund (JDIEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JAREX | JDIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.52 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 4.95 | -4.51 |
| Martin ratioReturn relative to average drawdown | 1.19 | 18.73 | -17.54 |
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Drawdowns
JAREX vs. JDIEX - Drawdown Comparison
The maximum JAREX drawdown since its inception was -40.58%, which is greater than JDIEX's maximum drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for JAREX and JDIEX.
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Drawdown Indicators
| JAREX | JDIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -17.63% | -22.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -3.49% | -8.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -10.66% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -17.57% | -17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -17.63% | -22.95% |
Current DrawdownCurrent decline from peak | -7.23% | -0.98% | -6.25% |
Average DrawdownAverage peak-to-trough decline | -8.78% | -2.52% | -6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 0.92% | +3.41% |
Volatility
JAREX vs. JDIEX - Volatility Comparison
Easterly Global Real Estate Fund (JAREX) has a higher volatility of 4.16% compared to Easterly Hedged Equity Fund (JDIEX) at 2.39%. This indicates that JAREX's price experiences larger fluctuations and is considered to be riskier than JDIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAREX | JDIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 2.39% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 5.13% | +4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 6.53% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 11.33% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 10.74% | +6.68% |
JAREX vs. JDIEX - Expense Ratio Comparison
JAREX has a 1.36% expense ratio, which is higher than JDIEX's 1.26% expense ratio.
Dividends
JAREX vs. JDIEX - Dividend Comparison
JAREX's dividend yield for the trailing twelve months is around 2.97%, while JDIEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 2.97% | 3.25% | 2.98% | 2.16% | 5.76% | 10.54% | 6.95% | 13.63% | 11.79% | 10.05% | 8.78% | 10.96% |
JDIEX Easterly Hedged Equity Fund | 0.00% | 0.00% | 0.09% | 0.23% | 2.45% | 10.68% | 8.01% | 1.99% | 10.75% | 2.57% | 0.11% | 0.00% |
Frequently Asked Questions
JAREX and JDIEX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JAREX has higher volatility (4.16%) compared to JDIEX (2.39%). In terms of maximum drawdown, JAREX dropped -40.58% vs JDIEX's -17.63%.
JDIEX currently has the higher Sharpe Ratio (2.65 vs 0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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