SAPEX vs. QBDSX
Compare and contrast key facts about Spectrum Active Advantage Fund (SAPEX) and Quantified Managed Income Fund (QBDSX).
SAPEX is managed by Advisors Preferred. It was launched on May 31, 2015. QBDSX is managed by Advisors Preferred. It was launched on Aug 8, 2013.
Performance
SAPEX vs. QBDSX - Performance Comparison
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SAPEX vs. QBDSX - 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% |
QBDSX Quantified Managed Income Fund | -0.76% | 5.11% | 1.02% | 2.25% | -4.09% | -0.66% | -9.22% | 10.50% | -3.17% | 5.05% |
Returns By Period
In the year-to-date period, SAPEX achieves a -5.79% return, which is significantly lower than QBDSX's -0.76% return. Over the past 10 years, SAPEX has outperformed QBDSX with an annualized return of 4.59%, while QBDSX has yielded a comparatively lower 0.83% annualized return.
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%
QBDSX
- 1D
- 0.38%
- 1M
- -2.72%
- YTD
- -0.76%
- 6M
- -1.55%
- 1Y
- 1.86%
- 3Y*
- 2.60%
- 5Y*
- 0.90%
- 10Y*
- 0.83%
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SAPEX vs. QBDSX - Expense Ratio Comparison
SAPEX has a 1.69% expense ratio, which is higher than QBDSX's 1.31% expense ratio.
Return for Risk
SAPEX vs. QBDSX — Risk / Return Rank
SAPEX
QBDSX
SAPEX vs. QBDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Active Advantage Fund (SAPEX) and Quantified Managed Income Fund (QBDSX). 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 | QBDSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.63 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.38 | 0.91 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.12 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.93 | +0.30 |
Martin ratioReturn relative to average drawdown | 4.20 | 3.64 | +0.56 |
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 | QBDSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.63 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.21 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.16 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.15 | +0.15 |
Correlation
The correlation between SAPEX and QBDSX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SAPEX vs. QBDSX - Dividend Comparison
SAPEX's dividend yield for the trailing twelve months is around 5.07%, more than QBDSX's 4.51% 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% |
QBDSX Quantified Managed Income Fund | 4.51% | 4.47% | 3.98% | 4.51% | 0.54% | 0.71% | 0.87% | 2.26% | 2.04% | 2.51% | 1.00% | 3.89% |
Drawdowns
SAPEX vs. QBDSX - Drawdown Comparison
The maximum SAPEX drawdown since its inception was -40.48%, which is greater than QBDSX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for SAPEX and QBDSX.
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Drawdown Indicators
| SAPEX | QBDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.48% | -18.38% | -22.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -3.09% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -40.48% | -7.40% | -33.08% |
Max Drawdown (10Y)Largest decline over 10 years | -40.48% | -18.38% | -22.10% |
Current DrawdownCurrent decline from peak | -22.31% | -8.75% | -13.56% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -6.83% | -7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.79% | +1.46% |
Volatility
SAPEX vs. QBDSX - Volatility Comparison
Spectrum Active Advantage Fund (SAPEX) has a higher volatility of 3.32% compared to Quantified Managed Income Fund (QBDSX) at 1.31%. This indicates that SAPEX's price experiences larger fluctuations and is considered to be riskier than QBDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAPEX | QBDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 1.31% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 2.79% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 3.76% | +7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 4.32% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 5.25% | +11.50% |