PHSWX vs. ADOIX

Last updated Jun 4, 2026

PHSWX (Parvin Hedged Equity Solari World Fund) and ADOIX (ACM Dynamic Opportunity Fund) are both Long-Short funds. Over the past 5 years, PHSWX returned 3.80%/yr vs 11.49%/yr for ADOIX. At a 0.41 correlation, their price movements are largely independent. PHSWX charges 0.01%/yr vs 1.72%/yr for ADOIX.

Performance

PHSWX vs. ADOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parvin Hedged Equity Solari World Fund (PHSWX) and ACM Dynamic Opportunity Fund (ADOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHSWX achieves a 7.19% return, which is significantly lower than ADOIX's 13.72% return.

PHSWX

• 1D: 0.62%
• 1M: 0.71%
• YTD: 7.19%
• 6M: 7.31%
• 1Y: 14.65%
• 3Y*: 10.48%
• 5Y*: 3.80%
• 10Y*: —

ADOIX

• 1D: 0.66%
• 1M: 6.00%
• YTD: 13.72%
• 6M: 13.20%
• 1Y: 26.63%
• 3Y*: 27.35%
• 5Y*: 11.49%
• 10Y*: 9.95%

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

PHSWX vs. ADOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PHSWX Parvin Hedged Equity Solari World Fund	7.19%	22.65%	1.35%	1.80%	-12.69%	3.47%
ADOIX ACM Dynamic Opportunity Fund	13.72%	10.02%	54.06%	6.71%	-12.83%	1.43%

Correlation

The correlation between PHSWX and ADOIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 5, 2021	0.41

The correlation between PHSWX and ADOIX shifts across timeframes, from 0.30 (3 years) to 0.42 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PHSWX vs. ADOIX — Risk / Return Rank

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

PHSWX

PHSWX Risk / Return Rank: 11
PHSWX Sharpe Ratio Rank: 12
PHSWX Sortino Ratio Rank: 11
PHSWX Omega Ratio Rank: 12
PHSWX Calmar Ratio Rank: 11
PHSWX Martin Ratio Rank: 10

ADOIX

ADOIX Risk / Return Rank: 49
ADOIX Sharpe Ratio Rank: 52
ADOIX Sortino Ratio Rank: 46
ADOIX Omega Ratio Rank: 46
ADOIX Calmar Ratio Rank: 61
ADOIX Martin Ratio Rank: 38

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.

PHSWX vs. ADOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parvin Hedged Equity Solari World Fund (PHSWX) and ACM Dynamic Opportunity Fund (ADOIX). 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.

	PHSWX	ADOIX	Difference
Sharpe ratio Return per unit of total volatility	0.93	2.14	-1.21
Sortino ratio Return per unit of downside risk	1.32	2.86	-1.55
Omega ratio Gain probability vs. loss probability	1.17	1.37	-0.20
Calmar ratio Return relative to maximum drawdown	1.04	3.01	-1.97
Martin ratio Return relative to average drawdown	2.84	8.25	-5.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHSWX vs. ADOIX - Sharpe Ratio Comparison

The current PHSWX Sharpe Ratio is 0.93, which is lower than the ADOIX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PHSWX and ADOIX, 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

	PHSWX	ADOIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	2.14	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.70	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.70	-0.69

Drawdowns

PHSWX vs. ADOIX - Drawdown Comparison

The maximum PHSWX drawdown since its inception was -94.47%, which is greater than ADOIX's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for PHSWX and ADOIX.

Drawdown Indicators

	PHSWX	ADOIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.47%	-21.99%	-72.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.06%	-9.15%	-4.91%
Max Drawdown (3Y) Largest decline over 3 years	-94.47%	-14.75%	-79.72%
Max Drawdown (5Y) Largest decline over 5 years	-94.47%	-21.61%	-72.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.99%	—
Current Drawdown Current decline from peak	-92.93%	0.00%	-92.93%
Average Drawdown Average peak-to-trough decline	-29.22%	-6.02%	-23.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	3.34%	+1.78%

Volatility

PHSWX vs. ADOIX - Volatility Comparison

Parvin Hedged Equity Solari World Fund (PHSWX) has a higher volatility of 4.49% compared to ACM Dynamic Opportunity Fund (ADOIX) at 4.04%. This indicates that PHSWX's price experiences larger fluctuations and is considered to be riskier than ADOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHSWX	ADOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	4.04%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	9.92%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.76%	12.88%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	754.83%	16.55%	+738.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	725.68%	13.90%	+711.78%

PHSWX vs. ADOIX - Expense Ratio Comparison

PHSWX has a 0.01% expense ratio, which is lower than ADOIX's 1.72% expense ratio.

Dividends

PHSWX vs. ADOIX - Dividend Comparison

PHSWX's dividend yield for the trailing twelve months is around 0.45%, less than ADOIX's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ADOIX ACM Dynamic Opportunity Fund	2.52%	2.86%	44.03%	1.32%	6.56%	2.40%	4.34%	0.35%	1.00%
PHSWX Parvin Hedged Equity Solari World Fund	0.45%	0.49%	1.12%	2.04%	2.24%	2.02%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PHSWX and ADOIX in my portfolio?

PHSWX and ADOIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PHSWX or ADOIX?

PHSWX has higher volatility (4.49%) compared to ADOIX (4.04%). In terms of maximum drawdown, PHSWX dropped -94.47% vs ADOIX's -21.99%.

Which has better risk-adjusted returns?

ADOIX currently has the higher Sharpe Ratio (2.14 vs 0.93), 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.