SBMIX vs. LUNAX
Compare and contrast key facts about Saratoga Moderate Balanced Allocation Portfolio (SBMIX) and Saratoga Conservative Balanced Allocation Portfolio (LUNAX).
SBMIX is managed by Saratoga. It was launched on Dec 28, 2017. LUNAX is managed by Saratoga. It was launched on Dec 28, 2017.
Performance
SBMIX vs. LUNAX - Performance Comparison
Loading graphics...
SBMIX vs. LUNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SBMIX Saratoga Moderate Balanced Allocation Portfolio | -2.80% | 12.25% | 11.36% | 11.96% | -10.38% | 13.50% | 9.84% | 17.05% | -6.88% |
LUNAX Saratoga Conservative Balanced Allocation Portfolio | -2.05% | 10.95% | 8.76% | 9.89% | -8.78% | 10.51% | 7.46% | 14.09% | -5.55% |
Returns By Period
In the year-to-date period, SBMIX achieves a -2.80% return, which is significantly lower than LUNAX's -2.05% return.
SBMIX
- 1D
- 2.08%
- 1M
- -4.38%
- YTD
- -2.80%
- 6M
- -1.34%
- 1Y
- 11.06%
- 3Y*
- 9.82%
- 5Y*
- 5.51%
- 10Y*
- —
LUNAX
- 1D
- 1.57%
- 1M
- -3.51%
- YTD
- -2.05%
- 6M
- -0.72%
- 1Y
- 9.18%
- 3Y*
- 8.27%
- 5Y*
- 4.63%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SBMIX vs. LUNAX - Expense Ratio Comparison
Both SBMIX and LUNAX have an expense ratio of 0.99%.
Return for Risk
SBMIX vs. LUNAX — Risk / Return Rank
SBMIX
LUNAX
SBMIX vs. LUNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Moderate Balanced Allocation Portfolio (SBMIX) and Saratoga Conservative Balanced Allocation Portfolio (LUNAX). 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.
| SBMIX | LUNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.21 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.79 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.70 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.89 | 6.86 | -0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SBMIX | LUNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.21 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.63 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.59 | -0.06 |
Correlation
The correlation between SBMIX and LUNAX is 0.98, 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
SBMIX vs. LUNAX - Dividend Comparison
SBMIX's dividend yield for the trailing twelve months is around 10.41%, more than LUNAX's 9.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SBMIX Saratoga Moderate Balanced Allocation Portfolio | 10.41% | 10.12% | 3.70% | 1.32% | 5.93% | 8.04% | 1.35% | 3.40% | 3.11% |
LUNAX Saratoga Conservative Balanced Allocation Portfolio | 9.56% | 9.36% | 3.54% | 2.54% | 4.91% | 7.81% | 0.46% | 3.57% | 2.14% |
Drawdowns
SBMIX vs. LUNAX - Drawdown Comparison
The maximum SBMIX drawdown since its inception was -23.97%, which is greater than LUNAX's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for SBMIX and LUNAX.
Loading graphics...
Drawdown Indicators
| SBMIX | LUNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -18.47% | -5.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -5.41% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -14.92% | -11.78% | -3.14% |
Current DrawdownCurrent decline from peak | -4.92% | -3.93% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -2.89% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.34% | +0.46% |
Volatility
SBMIX vs. LUNAX - Volatility Comparison
Saratoga Moderate Balanced Allocation Portfolio (SBMIX) has a higher volatility of 4.13% compared to Saratoga Conservative Balanced Allocation Portfolio (LUNAX) at 3.21%. This indicates that SBMIX's price experiences larger fluctuations and is considered to be riskier than LUNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SBMIX | LUNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 3.21% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 5.07% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 7.95% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 7.44% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.94% | 8.77% | +3.17% |