JDIEX vs. SPATX
JDIEX (Easterly Hedged Equity Fund) and SPATX (Symmetry Panoramic Alternatives Fund) are both mutual funds - JDIEX is a Options Trading fund managed by James Alpha Advisors, while SPATX is a Multistrategy fund managed by Symmetry Partners. Over the past 5 years, JDIEX returned 10.18%/yr vs 9.28%/yr for SPATX. Their 0.03 correlation means their historical movements had little consistent relationship. JDIEX charges 1.26%/yr vs 0.50%/yr for SPATX.
Performance
JDIEX vs. SPATX - Performance Comparison
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Returns By Period
In the year-to-date period, JDIEX achieves a 6.88% return, which is significantly lower than SPATX's 8.62% return.
JDIEX
- 1D
- 0.88%
- 1M
- -0.44%
- 6M
- 5.75%
- YTD
- 6.88%
- 1Y
- 13.47%
- 3Y*
- 13.35%
- 5Y*
- 10.18%
- 10Y*
- 8.57%
- ALL TIME*
- 8.43%
SPATX
- 1D
- 0.07%
- 1M
- 1.98%
- 6M
- 6.88%
- YTD
- 8.62%
- 1Y
- 14.44%
- 3Y*
- 10.48%
- 5Y*
- 9.28%
- 10Y*
- —
- ALL TIME*
- 7.15%
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 |
JDIEX vs. SPATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JDIEX Easterly Hedged Equity Fund | 6.88% | 11.87% | 17.36% | 14.58% | -2.74% | 11.25% | 7.57% | 12.11% | -3.63% |
SPATX Symmetry Panoramic Alternatives Fund | 8.62% | 11.09% | 1.50% | 11.90% | 12.80% | 5.86% | 3.42% | 0.00% | 0.64% |
Correlation
The correlation between JDIEX and SPATX is 0.08, 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. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2018 | 0.03 |
The correlation between JDIEX and SPATX shifts across timeframes, from -0.04 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JDIEX vs. SPATX — Risk / Return Rank
JDIEX
SPATX
JDIEX vs. SPATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) and Symmetry Panoramic Alternatives Fund (SPATX). 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 | SPATX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.70 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 7.16 | -3.52 |
| Martin ratioReturn relative to average drawdown | 12.25 | 24.71 | -12.46 |
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Drawdowns
JDIEX vs. SPATX - Drawdown Comparison
The maximum JDIEX drawdown since its inception was -17.63%, which is greater than SPATX's maximum drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for JDIEX and SPATX.
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Drawdown Indicators
| JDIEX | SPATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -11.67% | -5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -1.95% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | -5.89% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -5.89% | -11.68% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | — | — |
Current DrawdownCurrent decline from peak | -1.66% | -0.52% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -1.68% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.56% | +0.48% |
Volatility
JDIEX vs. SPATX - Volatility Comparison
Easterly Hedged Equity Fund (JDIEX) has a higher volatility of 1.90% compared to Symmetry Panoramic Alternatives Fund (SPATX) at 1.16%. This indicates that JDIEX's price experiences larger fluctuations and is considered to be riskier than SPATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDIEX | SPATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 1.16% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 5.18% | 3.11% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.75% | 3.94% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.36% | 6.25% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.71% | 6.02% | +4.69% |
JDIEX vs. SPATX - Expense Ratio Comparison
JDIEX has a 1.26% expense ratio, which is higher than SPATX's 0.50% expense ratio.
Dividends
JDIEX vs. SPATX - Dividend Comparison
JDIEX has not paid dividends to shareholders, while SPATX's dividend yield for the trailing twelve months is around 2.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPATX Symmetry Panoramic Alternatives Fund | 2.80% | 3.05% | 2.65% | 6.16% | 6.22% | 2.08% | 0.00% | 1.87% | 2.33% | 0.00% | 0.00% |
Frequently Asked Questions
JDIEX and SPATX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDIEX has higher volatility (1.90%) compared to SPATX (1.16%). In terms of maximum drawdown, JDIEX dropped -17.63% vs SPATX's -11.67%.
SPATX currently has the higher Sharpe Ratio (3.55 vs 1.89), 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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