JDIEX vs. ^CASHX
JDIEX (Easterly Hedged Equity Fund) is Options Trading fund managed by James Alpha Advisors, while ^CASHX (US Money Market Index) is an index. Over the past 10 years, JDIEX returned 8.89%/yr vs 2.32%/yr for ^CASHX. At a 0.01 correlation, their price movements are largely independent.
Performance
JDIEX vs. ^CASHX - Performance Comparison
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Returns By Period
In the year-to-date period, JDIEX achieves a 7.08% return, which is significantly higher than ^CASHX's 1.60% return. Over the past 10 years, JDIEX has outperformed ^CASHX with an annualized return of 8.89%, while ^CASHX has yielded a comparatively lower 2.32% annualized return.
JDIEX
- 1D
- 0.69%
- 1M
- -0.12%
- YTD
- 7.08%
- 6M
- 7.22%
- 1Y
- 15.90%
- 3Y*
- 14.39%
- 5Y*
- 10.49%
- 10Y*
- 8.89%
^CASHX
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.60%
- 6M
- 1.79%
- 1Y
- 3.89%
- 3Y*
- 4.63%
- 5Y*
- 3.53%
- 10Y*
- 2.32%
JDIEX vs. ^CASHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDIEX Easterly Hedged Equity Fund | 7.08% | 11.87% | 17.36% | 14.58% | -2.74% | 11.25% | 7.57% | 12.11% | 1.56% | 6.68% |
^CASHX US Money Market Index | 1.60% | 4.21% | 5.16% | 5.03% | 1.68% | 0.08% | 0.37% | 2.16% | 1.83% | 1.00% |
Correlation
The correlation between JDIEX and ^CASHX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.01 |
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Return for Risk
JDIEX vs. ^CASHX — Risk / Return Rank
JDIEX
^CASHX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JDIEX vs. ^CASHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) and US Money Market Index (^CASHX). 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.
| JDIEX | ^CASHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -257.35 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.67 | — | — |
| Martin ratioReturn relative to average drawdown | 17.80 | — | — |
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Drawdowns
JDIEX vs. ^CASHX - Drawdown Comparison
The maximum JDIEX drawdown since its inception was -17.63%, which is greater than ^CASHX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for JDIEX and ^CASHX.
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Drawdown Indicators
| JDIEX | ^CASHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | 0.00% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | 0.00% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | 0.00% | -10.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | 0.00% | -17.57% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | 0.00% | -17.63% |
Current DrawdownCurrent decline from peak | -1.47% | 0.00% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -2.52% | 0.00% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.00% | +0.91% |
Volatility
JDIEX vs. ^CASHX - Volatility Comparison
Easterly Hedged Equity Fund (JDIEX) has a higher volatility of 2.06% compared to US Money Market Index (^CASHX) at 0.00%. This indicates that JDIEX's price experiences larger fluctuations and is considered to be riskier than ^CASHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDIEX | ^CASHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 0.00% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.01% | 0.00% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.49% | 0.01% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.32% | 0.08% | +11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.73% | 0.08% | +10.65% |
Frequently Asked Questions
JDIEX and ^CASHX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDIEX has higher volatility (2.06%) compared to ^CASHX (0.00%). In terms of maximum drawdown, JDIEX dropped -17.63% vs ^CASHX's 0.00%.
^CASHX currently has the higher Sharpe Ratio (259.86 vs 2.51), 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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