QALTX vs. SAPEX
Compare and contrast key facts about Quantified Alternative Investment Fund (QALTX) and Spectrum Active Advantage Fund (SAPEX).
QALTX is managed by Advisors Preferred. It was launched on Aug 8, 2013. SAPEX is managed by Advisors Preferred. It was launched on May 31, 2015.
Performance
QALTX vs. SAPEX - Performance Comparison
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QALTX vs. SAPEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QALTX Quantified Alternative Investment Fund | 3.15% | 14.31% | 4.11% | 2.76% | -8.13% | 11.76% | 1.01% | 9.88% | -8.90% | 15.53% |
SAPEX Spectrum Active Advantage Fund | -5.79% | 15.25% | 5.25% | 12.11% | -38.08% | 17.15% | 13.72% | 27.65% | -4.44% | 15.05% |
Returns By Period
In the year-to-date period, QALTX achieves a 3.15% return, which is significantly higher than SAPEX's -5.79% return. Over the past 10 years, QALTX has underperformed SAPEX with an annualized return of 4.21%, while SAPEX has yielded a comparatively higher 4.59% annualized return.
QALTX
- 1D
- -0.10%
- 1M
- -2.78%
- YTD
- 3.15%
- 6M
- 5.51%
- 1Y
- 17.90%
- 3Y*
- 8.53%
- 5Y*
- 4.13%
- 10Y*
- 4.21%
SAPEX
- 1D
- -0.16%
- 1M
- -5.88%
- YTD
- -5.79%
- 6M
- -2.64%
- 1Y
- 10.17%
- 3Y*
- 8.47%
- 5Y*
- -1.99%
- 10Y*
- 4.59%
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QALTX vs. SAPEX - Expense Ratio Comparison
QALTX has a 1.33% expense ratio, which is lower than SAPEX's 1.69% expense ratio.
Return for Risk
QALTX vs. SAPEX — Risk / Return Rank
QALTX
SAPEX
QALTX vs. SAPEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantified Alternative Investment Fund (QALTX) and Spectrum Active Advantage Fund (SAPEX). 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.
| QALTX | SAPEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.99 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.38 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.24 | +1.59 |
Martin ratioReturn relative to average drawdown | 12.72 | 4.20 | +8.52 |
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
| QALTX | SAPEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.99 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | -0.14 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.28 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.29 | +0.02 |
Correlation
The correlation between QALTX and SAPEX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QALTX vs. SAPEX - Dividend Comparison
QALTX's dividend yield for the trailing twelve months is around 2.35%, less than SAPEX's 5.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QALTX Quantified Alternative Investment Fund | 2.35% | 2.42% | 1.61% | 3.55% | 1.73% | 12.79% | 0.00% | 1.44% | 0.07% | 3.12% | 0.04% | 0.84% |
SAPEX Spectrum Active Advantage Fund | 5.07% | 4.77% | 2.23% | 0.88% | 0.00% | 33.33% | 1.43% | 0.74% | 3.09% | 4.26% | 0.17% | 0.00% |
Drawdowns
QALTX vs. SAPEX - Drawdown Comparison
The maximum QALTX drawdown since its inception was -24.22%, smaller than the maximum SAPEX drawdown of -40.48%. Use the drawdown chart below to compare losses from any high point for QALTX and SAPEX.
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Drawdown Indicators
| QALTX | SAPEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.22% | -40.48% | +16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.46% | -7.62% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -13.17% | -40.48% | +27.31% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -40.48% | +16.26% |
Current DrawdownCurrent decline from peak | -2.96% | -22.31% | +19.35% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -14.52% | +8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.25% | -0.81% |
Volatility
QALTX vs. SAPEX - Volatility Comparison
The current volatility for Quantified Alternative Investment Fund (QALTX) is 2.53%, while Spectrum Active Advantage Fund (SAPEX) has a volatility of 3.32%. This indicates that QALTX experiences smaller price fluctuations and is considered to be less risky than SAPEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QALTX | SAPEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 3.32% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 7.72% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.49% | 10.76% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 14.62% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.89% | 16.75% | -6.86% |