SAPEX vs. PAUIX
Compare and contrast key facts about Spectrum Active Advantage Fund (SAPEX) and PIMCO All Asset All Authority Fund (PAUIX).
SAPEX is managed by Advisors Preferred. It was launched on May 31, 2015. PAUIX is managed by PIMCO. It was launched on Oct 30, 2003.
Performance
SAPEX vs. PAUIX - Performance Comparison
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SAPEX vs. PAUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PAUIX PIMCO All Asset All Authority Fund | 2.19% | 14.15% | 1.06% | 6.35% | -15.65% | 15.55% | 4.58% | 7.62% | -6.14% | 12.05% |
Returns By Period
In the year-to-date period, SAPEX achieves a -5.79% return, which is significantly lower than PAUIX's 2.19% return. Both investments have delivered pretty close results over the past 10 years, with SAPEX having a 4.59% annualized return and PAUIX not far ahead at 4.60%.
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%
PAUIX
- 1D
- 0.43%
- 1M
- -5.64%
- YTD
- 2.19%
- 6M
- 5.13%
- 1Y
- 13.62%
- 3Y*
- 6.21%
- 5Y*
- 2.88%
- 10Y*
- 4.60%
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SAPEX vs. PAUIX - Expense Ratio Comparison
SAPEX has a 1.69% expense ratio, which is higher than PAUIX's 0.21% expense ratio.
Return for Risk
SAPEX vs. PAUIX — Risk / Return Rank
SAPEX
PAUIX
SAPEX vs. PAUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Active Advantage Fund (SAPEX) and PIMCO All Asset All Authority Fund (PAUIX). 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.
| SAPEX | PAUIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.84 | -0.85 |
Sortino ratioReturn per unit of downside risk | 1.38 | 2.43 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.31 | -1.07 |
Martin ratioReturn relative to average drawdown | 4.20 | 8.68 | -4.49 |
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
| SAPEX | PAUIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.84 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.30 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.51 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.60 | -0.30 |
Correlation
The correlation between SAPEX and PAUIX is 0.36, 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
SAPEX vs. PAUIX - Dividend Comparison
SAPEX's dividend yield for the trailing twelve months is around 5.07%, less than PAUIX's 7.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PAUIX PIMCO All Asset All Authority Fund | 7.06% | 6.10% | 2.64% | 3.97% | 9.98% | 15.46% | 4.47% | 2.89% | 5.74% | 5.28% | 3.62% | 5.54% |
Drawdowns
SAPEX vs. PAUIX - Drawdown Comparison
The maximum SAPEX drawdown since its inception was -40.48%, which is greater than PAUIX's maximum drawdown of -26.84%. Use the drawdown chart below to compare losses from any high point for SAPEX and PAUIX.
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Drawdown Indicators
| SAPEX | PAUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.48% | -26.84% | -13.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -6.05% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.48% | -26.15% | -14.33% |
Max Drawdown (10Y)Largest decline over 10 years | -40.48% | -26.84% | -13.64% |
Current DrawdownCurrent decline from peak | -22.31% | -5.64% | -16.67% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -5.94% | -8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.61% | +0.64% |
Volatility
SAPEX vs. PAUIX - Volatility Comparison
Spectrum Active Advantage Fund (SAPEX) has a higher volatility of 3.32% compared to PIMCO All Asset All Authority Fund (PAUIX) at 2.85%. This indicates that SAPEX's price experiences larger fluctuations and is considered to be riskier than PAUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAPEX | PAUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.85% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 4.68% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 7.47% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 9.64% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 9.00% | +7.75% |