JCRAX vs. AVPEX
Compare and contrast key facts about ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) and ALPS/Red Rocks Global Opportunity Portfolio (AVPEX).
JCRAX is managed by ALPS. It was launched on Jun 28, 2010. AVPEX is managed by ALPS. It was launched on Oct 23, 2014.
Performance
JCRAX vs. AVPEX - Performance Comparison
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JCRAX vs. AVPEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund | 20.00% | 25.30% | 1.32% | -7.37% | 12.82% | 29.21% | 2.15% | 11.00% | -14.54% | 4.58% |
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | -17.85% | 1.46% | 18.06% | 28.80% | -28.96% | 24.03% | 9.25% | 43.19% | -12.61% | 24.96% |
Returns By Period
In the year-to-date period, JCRAX achieves a 20.00% return, which is significantly higher than AVPEX's -17.85% return. Over the past 10 years, JCRAX has outperformed AVPEX with an annualized return of 9.14%, while AVPEX has yielded a comparatively lower 7.48% annualized return.
JCRAX
- 1D
- 0.21%
- 1M
- 4.85%
- YTD
- 20.00%
- 6M
- 28.47%
- 1Y
- 39.65%
- 3Y*
- 14.11%
- 5Y*
- 13.36%
- 10Y*
- 9.14%
AVPEX
- 1D
- 0.59%
- 1M
- -8.54%
- YTD
- -17.85%
- 6M
- -18.80%
- 1Y
- -13.46%
- 3Y*
- 6.74%
- 5Y*
- 1.56%
- 10Y*
- 7.48%
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JCRAX vs. AVPEX - Expense Ratio Comparison
JCRAX has a 1.36% expense ratio, which is lower than AVPEX's 1.45% expense ratio.
Return for Risk
JCRAX vs. AVPEX — Risk / Return Rank
JCRAX
AVPEX
JCRAX vs. AVPEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) and ALPS/Red Rocks Global Opportunity Portfolio (AVPEX). 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.
| JCRAX | AVPEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.47 | -0.68 | +3.14 |
Sortino ratioReturn per unit of downside risk | 3.07 | -0.82 | +3.89 |
Omega ratioGain probability vs. loss probability | 1.45 | 0.89 | +0.56 |
Calmar ratioReturn relative to maximum drawdown | 3.45 | -0.68 | +4.13 |
Martin ratioReturn relative to average drawdown | 16.36 | -2.02 | +18.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JCRAX | AVPEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | -0.68 | +3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.08 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.40 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.38 | -0.16 |
Correlation
The correlation between JCRAX and AVPEX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JCRAX vs. AVPEX - Dividend Comparison
JCRAX's dividend yield for the trailing twelve months is around 7.34%, less than AVPEX's 10.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund | 7.34% | 8.80% | 2.80% | 3.29% | 7.08% | 22.43% | 0.29% | 0.90% | 3.26% | 2.44% | 0.05% | 0.00% |
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | 10.35% | 8.50% | 8.83% | 0.00% | 31.03% | 4.24% | 13.52% | 3.02% | 6.79% | 2.33% | 0.75% | 0.11% |
Drawdowns
JCRAX vs. AVPEX - Drawdown Comparison
The maximum JCRAX drawdown since its inception was -62.03%, which is greater than AVPEX's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for JCRAX and AVPEX.
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Drawdown Indicators
| JCRAX | AVPEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -46.42% | -15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -22.41% | +11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | -37.50% | +10.90% |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | -46.42% | +3.28% |
Current DrawdownCurrent decline from peak | -0.10% | -21.95% | +21.85% |
Average DrawdownAverage peak-to-trough decline | -26.67% | -8.52% | -18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 7.54% | -5.14% |
Volatility
JCRAX vs. AVPEX - Volatility Comparison
The current volatility for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) is 4.63%, while ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) has a volatility of 5.97%. This indicates that JCRAX experiences smaller price fluctuations and is considered to be less risky than AVPEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCRAX | AVPEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 5.97% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 13.47% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.27% | 20.62% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 18.62% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.13% | 18.93% | -0.80% |