SAMIX vs. IOEZX

Last updated Apr 1, 2026

Compare and contrast key facts about Saratoga Moderately Aggressive Balanced Allocation Portfolio (SAMIX) and ICON Equity Income Fund (IOEZX).

SAMIX is managed by Saratoga. It was launched on Dec 28, 2017. IOEZX is managed by ICON Funds. It was launched on May 9, 2004.

Performance

SAMIX vs. IOEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Moderately Aggressive Balanced Allocation Portfolio (SAMIX) and ICON Equity Income Fund (IOEZX). The values are adjusted to include any dividend payments, if applicable.

SAMIX vs. IOEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SAMIX Saratoga Moderately Aggressive Balanced Allocation Portfolio	-4.90%	12.60%	11.53%	13.68%	-10.56%	14.08%	9.36%	17.88%	-7.54%
IOEZX ICON Equity Income Fund	8.64%	14.29%	6.12%	3.82%	-13.56%	24.15%	3.16%	27.70%	-10.11%

Returns By Period

In the year-to-date period, SAMIX achieves a -4.90% return, which is significantly lower than IOEZX's 8.64% return.

SAMIX

• 1D: -0.35%
• 1M: -6.83%
• YTD: -4.90%
• 6M: -3.26%
• 1Y: 9.50%
• 3Y*: 9.74%
• 5Y*: 5.62%
• 10Y*: —

IOEZX

• 1D: -0.67%
• 1M: -4.99%
• YTD: 8.64%
• 6M: 12.25%
• 1Y: 19.34%
• 3Y*: 11.13%
• 5Y*: 4.83%
• 10Y*: 8.27%

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

SAMIX vs. IOEZX - Expense Ratio Comparison

SAMIX has a 0.99% expense ratio, which is lower than IOEZX's 1.00% expense ratio.

IOEZX

ICON Equity Income Fund

SAMIX

Saratoga Moderately Aggressive Balanced Allocation Portfolio

Return for Risk

SAMIX vs. IOEZX — Risk / Return Rank

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

SAMIX

SAMIX Risk / Return Rank: 37
SAMIX Sharpe Ratio Rank: 35
SAMIX Sortino Ratio Rank: 36
SAMIX Omega Ratio Rank: 32
SAMIX Calmar Ratio Rank: 39
SAMIX Martin Ratio Rank: 42

IOEZX

IOEZX Risk / Return Rank: 70
IOEZX Sharpe Ratio Rank: 72
IOEZX Sortino Ratio Rank: 74
IOEZX Omega Ratio Rank: 65
IOEZX Calmar Ratio Rank: 70
IOEZX Martin Ratio Rank: 70

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.

SAMIX vs. IOEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Moderately Aggressive Balanced Allocation Portfolio (SAMIX) and ICON Equity Income Fund (IOEZX). 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.

	SAMIX	IOEZX	Difference
Sharpe ratio Return per unit of total volatility	0.81	1.28	-0.48
Sortino ratio Return per unit of downside risk	1.21	1.84	-0.63
Omega ratio Gain probability vs. loss probability	1.17	1.25	-0.08
Calmar ratio Return relative to maximum drawdown	1.04	1.62	-0.59
Martin ratio Return relative to average drawdown	4.33	6.69	-2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAMIX vs. IOEZX - Sharpe Ratio Comparison

The current SAMIX Sharpe Ratio is 0.81, which is lower than the IOEZX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of SAMIX and IOEZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SAMIX	IOEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.28	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.35	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.39	+0.11

Correlation

The correlation between SAMIX and IOEZX is 0.78, 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

SAMIX vs. IOEZX - Dividend Comparison

SAMIX's dividend yield for the trailing twelve months is around 10.79%, more than IOEZX's 2.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAMIX Saratoga Moderately Aggressive Balanced Allocation Portfolio	10.79%	10.26%	3.60%	2.78%	5.82%	8.13%	1.66%	2.44%	3.03%	0.00%	0.00%	0.00%
IOEZX ICON Equity Income Fund	2.50%	3.56%	4.32%	3.75%	13.63%	12.92%	3.68%	4.74%	3.80%	3.13%	3.32%	4.24%

Drawdowns

SAMIX vs. IOEZX - Drawdown Comparison

The maximum SAMIX drawdown since its inception was -26.06%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for SAMIX and IOEZX.

Drawdown Indicators

	SAMIX	IOEZX	Difference
Max Drawdown Largest peak-to-trough decline	-26.06%	-56.15%	+30.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-11.71%	+3.81%
Max Drawdown (5Y) Largest decline over 5 years	-15.54%	-21.47%	+5.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.12%	—
Current Drawdown Current decline from peak	-7.29%	-4.99%	-2.30%
Average Drawdown Average peak-to-trough decline	-3.85%	-8.64%	+4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.84%	-0.95%

Volatility

SAMIX vs. IOEZX - Volatility Comparison

The current volatility for Saratoga Moderately Aggressive Balanced Allocation Portfolio (SAMIX) is 3.65%, while ICON Equity Income Fund (IOEZX) has a volatility of 4.25%. This indicates that SAMIX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAMIX	IOEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	4.25%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	7.15%	8.69%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	15.56%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	13.90%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	16.44%	-3.75%