MADFX vs. FGIPX
MADFX (Matrix Advisors Dividend Fund) and FGIPX (Nomura Growth and Income Fund Institutional Class) are both Large Cap Value Equities funds. Over the past 5 years, MADFX returned 11.18%/yr vs 17.75%/yr for FGIPX. Their correlation of 0.89 means they have usually moved in the same direction. MADFX charges 1.23%/yr vs 0.77%/yr for FGIPX.
Performance
MADFX vs. FGIPX - Performance Comparison
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Returns By Period
In the year-to-date period, MADFX achieves a 13.56% return, which is significantly lower than FGIPX's 23.14% return.
MADFX
- 1D
- 0.59%
- 1M
- 1.03%
- 6M
- 7.34%
- YTD
- 13.56%
- 1Y
- 21.86%
- 3Y*
- 16.23%
- 5Y*
- 11.18%
- 10Y*
- —
- ALL TIME*
- 10.57%
FGIPX
- 1D
- 0.69%
- 1M
- 3.69%
- 6M
- 15.59%
- YTD
- 23.14%
- 1Y
- 46.78%
- 3Y*
- 25.31%
- 5Y*
- 17.75%
- 10Y*
- 13.17%
- ALL TIME*
- 12.37%
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 |
MADFX vs. FGIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MADFX Matrix Advisors Dividend Fund | 13.56% | 16.30% | 14.30% | 8.49% | -4.47% | 24.08% | -0.03% | 27.35% | -5.36% | 11.80% |
FGIPX Nomura Growth and Income Fund Institutional Class | 23.14% | 30.18% | 15.44% | 12.17% | 3.28% | 21.73% | -4.59% | 25.96% | -9.95% | 18.52% |
Correlation
The correlation between MADFX and FGIPX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.89 |
The correlation between MADFX and FGIPX shifts across timeframes, from 0.77 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MADFX vs. FGIPX — Risk / Return Rank
MADFX
FGIPX
MADFX vs. FGIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matrix Advisors Dividend Fund (MADFX) and Nomura Growth and Income Fund Institutional Class (FGIPX). 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.
| MADFX | FGIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.66 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 6.07 | -3.87 |
| Martin ratioReturn relative to average drawdown | 8.10 | 23.50 | -15.41 |
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Drawdowns
MADFX vs. FGIPX - Drawdown Comparison
The maximum MADFX drawdown since its inception was -33.17%, smaller than the maximum FGIPX drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for MADFX and FGIPX.
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Drawdown Indicators
| MADFX | FGIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.17% | -37.32% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -7.26% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -13.27% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -16.19% | -2.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.34% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -4.13% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.88% | +0.52% |
Volatility
MADFX vs. FGIPX - Volatility Comparison
Matrix Advisors Dividend Fund (MADFX) has a higher volatility of 3.47% compared to Nomura Growth and Income Fund Institutional Class (FGIPX) at 2.51%. This indicates that MADFX's price experiences larger fluctuations and is considered to be riskier than FGIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MADFX | FGIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.51% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 8.72% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 11.89% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 14.86% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 17.05% | -0.33% |
MADFX vs. FGIPX - Expense Ratio Comparison
MADFX has a 1.23% expense ratio, which is higher than FGIPX's 0.77% expense ratio.
Dividends
MADFX vs. FGIPX - Dividend Comparison
MADFX's dividend yield for the trailing twelve months is around 7.37%, less than FGIPX's 9.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIPX Nomura Growth and Income Fund Institutional Class | 9.36% | 11.68% | 12.69% | 7.50% | 7.35% | 12.20% | 2.13% | 52.72% | 25.63% | 5.58% | 4.22% | 5.88% |
MADFX Matrix Advisors Dividend Fund | 7.37% | 8.26% | 2.06% | 2.10% | 8.23% | 2.74% | 2.61% | 3.25% | 2.65% | 2.53% | 0.00% | 0.00% |
Frequently Asked Questions
MADFX and FGIPX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MADFX has higher volatility (3.47%) compared to FGIPX (2.51%). In terms of maximum drawdown, MADFX dropped -33.17% vs FGIPX's -37.32%.
FGIPX currently has the higher Sharpe Ratio (3.71 vs 1.71), 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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