LSEIX vs. VOLSX

Last updated Jun 5, 2026

LSEIX (Persimmon Long/Short Fund) and VOLSX (ABR 75/25 Volatility Fund) are both Long-Short funds. Over the past 5 years, LSEIX returned 9.52%/yr vs 5.09%/yr for VOLSX. Their correlation of 0.87 suggests significant overlap in exposure. LSEIX charges 1.91%/yr vs 1.75%/yr for VOLSX.

Performance

LSEIX vs. VOLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Persimmon Long/Short Fund (LSEIX) and ABR 75/25 Volatility Fund (VOLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LSEIX having a 6.52% return and VOLSX slightly higher at 6.65%.

LSEIX

• 1D: 0.22%
• 1M: 1.37%
• YTD: 6.52%
• 6M: 6.58%
• 1Y: 20.48%
• 3Y*: 16.01%
• 5Y*: 9.52%
• 10Y*: 7.11%

VOLSX

• 1D: -0.60%
• 1M: 4.72%
• YTD: 6.65%
• 6M: 7.67%
• 1Y: 25.69%
• 3Y*: 10.99%
• 5Y*: 5.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LSEIX vs. VOLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LSEIX Persimmon Long/Short Fund	6.52%	12.02%	17.36%	15.70%	-9.95%	14.67%	7.29%
VOLSX ABR 75/25 Volatility Fund	6.65%	2.83%	15.19%	24.73%	-29.76%	27.64%	2.00%

Correlation

The correlation between LSEIX and VOLSX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 4, 2020	0.87

The correlation between LSEIX and VOLSX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

LSEIX vs. VOLSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSEIX

LSEIX Risk / Return Rank: 78
LSEIX Sharpe Ratio Rank: 69
LSEIX Sortino Ratio Rank: 64
LSEIX Omega Ratio Rank: 67
LSEIX Calmar Ratio Rank: 94
LSEIX Martin Ratio Rank: 94

VOLSX

VOLSX Risk / Return Rank: 40
VOLSX Sharpe Ratio Rank: 42
VOLSX Sortino Ratio Rank: 38
VOLSX Omega Ratio Rank: 44
VOLSX Calmar Ratio Rank: 33
VOLSX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSEIX vs. VOLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Persimmon Long/Short Fund (LSEIX) and ABR 75/25 Volatility Fund (VOLSX). 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.

	LSEIX	VOLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.85	+0.54
Sortino ratio: Return per unit of downside risk	3.29	2.51	+0.78
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	5.29	2.11	+3.18
Martin ratio: Return relative to average drawdown	20.65	9.19	+11.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSEIX vs. VOLSX - Sharpe Ratio Comparison

The current LSEIX Sharpe Ratio is 2.38, which is comparable to the VOLSX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of LSEIX and VOLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LSEIX	VOLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	1.85	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.28	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.34	+0.29

Drawdowns

LSEIX vs. VOLSX - Drawdown Comparison

The maximum LSEIX drawdown since its inception was -19.92%, smaller than the maximum VOLSX drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for LSEIX and VOLSX.

Drawdown Indicators

	LSEIX	VOLSX	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-35.10%	+15.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	-12.37%	+8.47%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-24.07%	+10.44%
Max Drawdown (5Y) Largest decline over 5 years	-13.63%	-35.10%	+21.47%
Max Drawdown (10Y) Largest decline over 10 years	-19.92%	—	—
Current Drawdown Current decline from peak	0.00%	-0.60%	+0.60%
Average Drawdown Average peak-to-trough decline	-4.05%	-11.03%	+6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	2.83%	-1.83%

Volatility

LSEIX vs. VOLSX - Volatility Comparison

The current volatility for Persimmon Long/Short Fund (LSEIX) is 0.87%, while ABR 75/25 Volatility Fund (VOLSX) has a volatility of 2.82%. This indicates that LSEIX experiences smaller price fluctuations and is considered to be less risky than VOLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSEIX	VOLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	2.82%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	5.57%	10.83%	-5.26%
Volatility (1Y) Calculated over the trailing 1-year period	8.67%	14.14%	-5.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	18.20%	-7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.66%	18.92%	-8.26%

LSEIX vs. VOLSX - Expense Ratio Comparison

LSEIX has a 1.91% expense ratio, which is higher than VOLSX's 1.75% expense ratio.

Dividends

LSEIX vs. VOLSX - Dividend Comparison

LSEIX has not paid dividends to shareholders, while VOLSX's dividend yield for the trailing twelve months is around 2.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSEIX Persimmon Long/Short Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.23%	3.49%	6.18%	0.00%	4.88%
VOLSX ABR 75/25 Volatility Fund	2.05%	2.18%	2.24%	0.29%	0.00%	18.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LSEIX and VOLSX in my portfolio?

LSEIX and VOLSX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSEIX or VOLSX?

VOLSX has higher volatility (2.82%) compared to LSEIX (0.87%). In terms of maximum drawdown, LSEIX dropped -19.92% vs VOLSX's -35.10%.

Which has better risk-adjusted returns?

LSEIX currently has the higher Sharpe Ratio (2.38 vs 1.85), 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.