JDIEX vs. JAREX
JDIEX (Easterly Hedged Equity Fund) and JAREX (Easterly Global Real Estate Fund) are both mutual funds - JDIEX is a Options Trading fund managed by James Alpha Advisors, while JAREX is a REIT fund managed by James Alpha Advisors. Over the past 10 years, JDIEX returned 8.91%/yr vs 4.73%/yr for JAREX. A 0.54 correlation means they provide meaningful diversification when combined. JDIEX charges 1.26%/yr vs 1.36%/yr for JAREX.
Performance
JDIEX vs. JAREX - Performance Comparison
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Returns By Period
In the year-to-date period, JDIEX achieves a 7.61% return, which is significantly lower than JAREX's 9.58% return. Over the past 10 years, JDIEX has outperformed JAREX with an annualized return of 8.91%, while JAREX has yielded a comparatively lower 4.73% annualized return.
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
- 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 vs. JAREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between JDIEX and JAREX 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 JDIEX and JAREX 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
JDIEX vs. JAREX — Risk / Return Rank
JDIEX
JAREX
JDIEX vs. JAREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) and Easterly Global Real Estate Fund (JAREX). 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 | JAREX | 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 | 1.52 | 1.08 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 0.44 | +4.51 |
| Martin ratioReturn relative to average drawdown | 18.73 | 1.19 | +17.54 |
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Drawdowns
JDIEX vs. JAREX - Drawdown Comparison
The maximum JDIEX drawdown since its inception was -17.63%, smaller than the maximum JAREX drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for JDIEX and JAREX.
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Drawdown Indicators
| JDIEX | JAREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -40.58% | +22.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -11.74% | +8.25% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | -17.88% | +7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -35.05% | +17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | -40.58% | +22.95% |
Current DrawdownCurrent decline from peak | -0.98% | -7.23% | +6.25% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -8.78% | +6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 4.33% | -3.41% |
Volatility
JDIEX vs. JAREX - Volatility Comparison
The current volatility for Easterly Hedged Equity Fund (JDIEX) is 2.39%, while Easterly Global Real Estate Fund (JAREX) has a volatility of 4.16%. This indicates that JDIEX experiences smaller price fluctuations and is considered to be less risky than JAREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDIEX | JAREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 4.16% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 5.13% | 9.56% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.53% | 12.12% | -5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.33% | 16.53% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 17.42% | -6.68% |
JDIEX vs. JAREX - Expense Ratio Comparison
JDIEX has a 1.26% expense ratio, which is lower than JAREX's 1.36% expense ratio.
Dividends
JDIEX vs. JAREX - Dividend Comparison
JDIEX has not paid dividends to shareholders, while JAREX's dividend yield for the trailing twelve months is around 2.97%.
| 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
JDIEX and JAREX 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, JDIEX dropped -17.63% vs JAREX's -40.58%.
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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