JCRAX vs. LPEFX
JCRAX (ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund) and LPEFX (ALPS/Red Rocks Global Opportunity Fund) are both mutual funds - JCRAX is a Commodities fund managed by ALPS, while LPEFX is a Global Equities fund managed by ALPS. Over the past 10 years, JCRAX returned 8.27%/yr vs 9.51%/yr for LPEFX. Their 0.48 correlation means their historical movements had little consistent relationship. JCRAX charges 1.36%/yr vs 1.46%/yr for LPEFX.
Performance
JCRAX vs. LPEFX - Performance Comparison
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Returns By Period
In the year-to-date period, JCRAX achieves a 18.77% return, which is significantly higher than LPEFX's -5.27% return. Over the past 10 years, JCRAX has underperformed LPEFX with an annualized return of 8.27%, while LPEFX has yielded a comparatively higher 9.51% annualized return.
JCRAX
- 1D
- 0.73%
- 1M
- 5.83%
- 6M
- 7.37%
- YTD
- 18.77%
- 1Y
- 38.22%
- 3Y*
- 12.73%
- 5Y*
- 10.66%
- 10Y*
- 8.27%
- ALL TIME*
- 3.56%
LPEFX
- 1D
- 1.70%
- 1M
- 2.67%
- 6M
- -4.09%
- YTD
- -5.27%
- 1Y
- -5.68%
- 3Y*
- 7.78%
- 5Y*
- 1.63%
- 10Y*
- 9.51%
- ALL TIME*
- 4.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JCRAX vs. LPEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund | 18.77% | 25.30% | 1.32% | -7.37% | 12.82% | 29.21% | 2.15% | 11.00% | -14.54% | 4.58% |
LPEFX ALPS/Red Rocks Global Opportunity Fund | -5.27% | 1.25% | 17.78% | 28.31% | -28.82% | 23.70% | 9.35% | 49.57% | -12.60% | 27.02% |
Correlation
The correlation between JCRAX and LPEFX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2010 | 0.48 |
Over the past year, the correlation between JCRAX and LPEFX has dropped to 0.07 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
JCRAX vs. LPEFX — Risk / Return Rank
JCRAX
LPEFX
JCRAX vs. LPEFX - 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 Fund (LPEFX). 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.
| JCRAX | LPEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.82 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.94 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | -0.37 | +3.09 |
| Martin ratioReturn relative to average drawdown | 9.01 | -0.79 | +9.81 |
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Drawdowns
JCRAX vs. LPEFX - Drawdown Comparison
The maximum JCRAX drawdown since its inception was -62.03%, smaller than the maximum LPEFX drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for JCRAX and LPEFX.
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Drawdown Indicators
| JCRAX | LPEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -77.00% | +14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -21.54% | +8.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.01% | -22.00% | +8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | -49.19% | +22.59% |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | -49.19% | +6.05% |
Current DrawdownCurrent decline from peak | -7.32% | -17.22% | +9.90% |
Average DrawdownAverage peak-to-trough decline | -26.21% | -22.73% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 9.99% | -6.07% |
Volatility
JCRAX vs. LPEFX - Volatility Comparison
The current volatility for ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) is 4.07%, while ALPS/Red Rocks Global Opportunity Fund (LPEFX) has a volatility of 4.79%. This indicates that JCRAX experiences smaller price fluctuations and is considered to be less risky than LPEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCRAX | LPEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.79% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 15.02% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 18.44% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 24.66% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 22.69% | -4.61% |
JCRAX vs. LPEFX - Expense Ratio Comparison
JCRAX has a 1.36% expense ratio, which is lower than LPEFX's 1.46% expense ratio.
Dividends
JCRAX vs. LPEFX - Dividend Comparison
JCRAX's dividend yield for the trailing twelve months is around 7.41%, less than LPEFX's 16.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund | 7.41% | 8.80% | 2.80% | 3.29% | 7.08% | 22.43% | 0.29% | 0.90% | 3.26% | 2.44% | 0.05% | 0.00% |
LPEFX ALPS/Red Rocks Global Opportunity Fund | 16.23% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
Frequently Asked Questions
JCRAX and LPEFX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPEFX has higher volatility (4.79%) compared to JCRAX (4.07%). In terms of maximum drawdown, JCRAX dropped -62.03% vs LPEFX's -77.00%.
JCRAX currently has the higher Sharpe Ratio (2.39 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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