SABIX vs. SBMIX
SABIX (Saratoga Aggressive Balanced Allocation Portfolio) and SBMIX (Saratoga Moderate Balanced Allocation Portfolio) are both Diversified Portfolio funds from Saratoga. Over the past 5 years, SABIX returned 7.87%/yr vs 6.79%/yr for SBMIX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.
Performance
SABIX vs. SBMIX - Performance Comparison
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Returns By Period
In the year-to-date period, SABIX achieves a 7.60% return, which is significantly higher than SBMIX's 5.85% return.
SABIX
- 1D
- 0.15%
- 1M
- 2.84%
- YTD
- 7.60%
- 6M
- 6.54%
- 1Y
- 17.12%
- 3Y*
- 14.35%
- 5Y*
- 7.87%
- 10Y*
- —
SBMIX
- 1D
- 0.08%
- 1M
- 2.56%
- YTD
- 5.85%
- 6M
- 4.90%
- 1Y
- 14.12%
- 3Y*
- 12.23%
- 5Y*
- 6.79%
- 10Y*
- —
SABIX vs. SBMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SABIX Saratoga Aggressive Balanced Allocation Portfolio | 7.60% | 13.01% | 12.49% | 15.20% | -11.36% | 14.93% | 9.53% | 18.72% | -8.74% |
SBMIX Saratoga Moderate Balanced Allocation Portfolio | 5.85% | 12.25% | 11.36% | 11.96% | -10.38% | 13.50% | 9.84% | 17.05% | -6.88% |
Correlation
The correlation between SABIX and SBMIX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018 | 0.99 |
The correlation between SABIX and SBMIX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SABIX vs. SBMIX — Risk / Return Rank
SABIX
SBMIX
SABIX vs. SBMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Aggressive Balanced Allocation Portfolio (SABIX) and Saratoga Moderate Balanced Allocation Portfolio (SBMIX). 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.
| SABIX | SBMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.19 | +0.11 |
| Martin ratioReturn relative to average drawdown | 9.92 | 9.40 | +0.52 |
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Drawdowns
SABIX vs. SBMIX - Drawdown Comparison
The maximum SABIX drawdown since its inception was -29.06%, which is greater than SBMIX's maximum drawdown of -23.97%. Use the drawdown chart below to compare losses from any high point for SABIX and SBMIX.
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Drawdown Indicators
| SABIX | SBMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.06% | -23.97% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -6.85% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | -12.14% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -14.92% | -2.28% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -3.46% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.59% | +0.22% |
Volatility
SABIX vs. SBMIX - Volatility Comparison
Saratoga Aggressive Balanced Allocation Portfolio (SABIX) has a higher volatility of 4.07% compared to Saratoga Moderate Balanced Allocation Portfolio (SBMIX) at 3.55%. This indicates that SABIX's price experiences larger fluctuations and is considered to be riskier than SBMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SABIX | SBMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.55% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 7.53% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 9.34% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 10.59% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.32% | 11.91% | +2.41% |
SABIX vs. SBMIX - Expense Ratio Comparison
Both SABIX and SBMIX have an expense ratio of 0.99%.
Dividends
SABIX vs. SBMIX - Dividend Comparison
SABIX's dividend yield for the trailing twelve months is around 9.14%, less than SBMIX's 9.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SABIX Saratoga Aggressive Balanced Allocation Portfolio | 9.14% | 9.83% | 3.12% | 2.81% | 7.12% | 9.63% | 1.82% | 3.72% | 3.06% |
SBMIX Saratoga Moderate Balanced Allocation Portfolio | 9.56% | 10.12% | 3.70% | 1.32% | 5.93% | 8.04% | 1.35% | 3.40% | 3.11% |
Frequently Asked Questions
With a correlation of 0.99, SABIX and SBMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SABIX has higher volatility (4.07%) compared to SBMIX (3.55%). In terms of maximum drawdown, SABIX dropped -29.06% vs SBMIX's -23.97%.
SABIX currently has the higher Sharpe Ratio (1.66 vs 1.61), 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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