MAHIX vs. MSEFX
Compare and contrast key facts about iMGP High Income Alternatives Fund (MAHIX) and iMGP Equity Fund (MSEFX).
MAHIX is managed by iM Global Partner Fund Management. It was launched on Sep 27, 2018. MSEFX is managed by iM Global Partner Fund Management. It was launched on Dec 31, 1996.
Performance
MAHIX vs. MSEFX - Performance Comparison
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MAHIX vs. MSEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MAHIX iMGP High Income Alternatives Fund | -0.43% | 7.37% | 8.84% | 12.32% | -7.05% | 5.48% | 5.63% | 8.37% | -2.98% |
MSEFX iMGP Equity Fund | -8.06% | 5.15% | 3.29% | 17.30% | -25.22% | 18.27% | 19.49% | 27.56% | -14.34% |
Returns By Period
In the year-to-date period, MAHIX achieves a -0.43% return, which is significantly higher than MSEFX's -8.06% return.
MAHIX
- 1D
- 0.21%
- 1M
- -1.12%
- YTD
- -0.43%
- 6M
- 1.23%
- 1Y
- 5.56%
- 3Y*
- 8.20%
- 5Y*
- 4.64%
- 10Y*
- —
MSEFX
- 1D
- 0.37%
- 1M
- -10.04%
- YTD
- -8.06%
- 6M
- -8.45%
- 1Y
- -2.74%
- 3Y*
- 3.03%
- 5Y*
- -0.95%
- 10Y*
- 6.74%
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MAHIX vs. MSEFX - Expense Ratio Comparison
Both MAHIX and MSEFX have an expense ratio of 0.98%.
Return for Risk
MAHIX vs. MSEFX — Risk / Return Rank
MAHIX
MSEFX
MAHIX vs. MSEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP High Income Alternatives Fund (MAHIX) and iMGP Equity Fund (MSEFX). 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.
| MAHIX | MSEFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | -0.19 | +2.00 |
Sortino ratioReturn per unit of downside risk | 2.14 | -0.18 | +2.32 |
Omega ratioGain probability vs. loss probability | 1.50 | 0.98 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.36 | +2.31 |
Martin ratioReturn relative to average drawdown | 9.51 | -1.29 | +10.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAHIX | MSEFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | -0.19 | +2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.66 | -0.06 | +1.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.35 | +0.70 |
Correlation
The correlation between MAHIX and MSEFX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MAHIX vs. MSEFX - Dividend Comparison
MAHIX's dividend yield for the trailing twelve months is around 6.98%, more than MSEFX's 3.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAHIX iMGP High Income Alternatives Fund | 6.98% | 7.16% | 5.98% | 6.28% | 4.25% | 4.80% | 3.75% | 3.65% | 0.65% | 0.00% | 0.00% | 0.00% |
MSEFX iMGP Equity Fund | 3.69% | 3.40% | 7.44% | 4.08% | 31.07% | 16.28% | 12.45% | 9.07% | 14.47% | 7.93% | 5.87% | 9.89% |
Drawdowns
MAHIX vs. MSEFX - Drawdown Comparison
The maximum MAHIX drawdown since its inception was -20.00%, smaller than the maximum MSEFX drawdown of -61.12%. Use the drawdown chart below to compare losses from any high point for MAHIX and MSEFX.
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Drawdown Indicators
| MAHIX | MSEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -61.12% | +41.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -10.52% | +7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -36.93% | +27.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.93% | — |
Current DrawdownCurrent decline from peak | -1.50% | -15.69% | +14.19% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -10.64% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.97% | -2.39% |
Volatility
MAHIX vs. MSEFX - Volatility Comparison
The current volatility for iMGP High Income Alternatives Fund (MAHIX) is 0.97%, while iMGP Equity Fund (MSEFX) has a volatility of 3.58%. This indicates that MAHIX experiences smaller price fluctuations and is considered to be less risky than MSEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAHIX | MSEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.58% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 7.98% | -6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 13.74% | -10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 15.90% | -13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 17.81% | -13.17% |