PPFIX vs. HMXIX
Compare and contrast key facts about Princeton Premium Fund (PPFIX) and AlphaCentric Premium Opportunity Fund (HMXIX).
PPFIX is managed by Princeton. It was launched on Nov 15, 2016. HMXIX is managed by AlphaCentric Funds. It was launched on Sep 29, 2016.
Performance
PPFIX vs. HMXIX - Performance Comparison
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PPFIX vs. HMXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPFIX Princeton Premium Fund | 1.35% | 7.45% | 4.29% | 7.54% | 1.84% | 14.93% | 3.32% | 8.75% | -5.38% | 10.12% |
HMXIX AlphaCentric Premium Opportunity Fund | -5.46% | 8.73% | 8.86% | 13.36% | -10.62% | 7.82% | 27.93% | 16.54% | -5.61% | 2.71% |
Returns By Period
In the year-to-date period, PPFIX achieves a 1.35% return, which is significantly higher than HMXIX's -5.46% return.
PPFIX
- 1D
- 0.00%
- 1M
- 0.43%
- YTD
- 1.35%
- 6M
- 3.55%
- 1Y
- 6.81%
- 3Y*
- 6.32%
- 5Y*
- 6.04%
- 10Y*
- —
HMXIX
- 1D
- 0.73%
- 1M
- -4.78%
- YTD
- -5.46%
- 6M
- -4.77%
- 1Y
- 8.00%
- 3Y*
- 6.91%
- 5Y*
- 3.68%
- 10Y*
- 6.28%
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PPFIX vs. HMXIX - Expense Ratio Comparison
PPFIX has a 1.95% expense ratio, which is lower than HMXIX's 1.99% expense ratio.
Return for Risk
PPFIX vs. HMXIX — Risk / Return Rank
PPFIX
HMXIX
PPFIX vs. HMXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Princeton Premium Fund (PPFIX) and AlphaCentric Premium Opportunity Fund (HMXIX). 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.
| PPFIX | HMXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 0.59 | +1.41 |
Sortino ratioReturn per unit of downside risk | 2.50 | 0.82 | +1.67 |
Omega ratioGain probability vs. loss probability | 2.96 | 1.12 | +1.84 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 0.74 | +1.39 |
Martin ratioReturn relative to average drawdown | 21.67 | 2.19 | +19.48 |
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
| PPFIX | HMXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 0.59 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.57 | 0.36 | +1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.93 | -0.13 |
Correlation
The correlation between PPFIX and HMXIX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PPFIX vs. HMXIX - Dividend Comparison
PPFIX's dividend yield for the trailing twelve months is around 5.62%, less than HMXIX's 6.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PPFIX Princeton Premium Fund | 5.62% | 5.62% | 6.24% | 6.86% | 1.92% | 7.16% | 0.44% | 0.23% | 0.93% | 2.68% | 0.00% |
HMXIX AlphaCentric Premium Opportunity Fund | 6.48% | 6.13% | 2.17% | 0.00% | 0.00% | 4.78% | 2.26% | 0.00% | 0.00% | 0.47% | 0.16% |
Drawdowns
PPFIX vs. HMXIX - Drawdown Comparison
The maximum PPFIX drawdown since its inception was -15.64%, roughly equal to the maximum HMXIX drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for PPFIX and HMXIX.
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Drawdown Indicators
| PPFIX | HMXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.64% | -15.80% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -8.76% | +5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -4.49% | -15.80% | +11.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.80% | — |
Current DrawdownCurrent decline from peak | -0.07% | -8.02% | +7.95% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -3.50% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 2.97% | -2.70% |
Volatility
PPFIX vs. HMXIX - Volatility Comparison
The current volatility for Princeton Premium Fund (PPFIX) is 0.31%, while AlphaCentric Premium Opportunity Fund (HMXIX) has a volatility of 4.31%. This indicates that PPFIX experiences smaller price fluctuations and is considered to be less risky than HMXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPFIX | HMXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 4.31% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.67% | 9.27% | -8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 14.23% | -10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 10.35% | -6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.18% | 10.57% | -3.39% |