SDAIX vs. SHIIX

Last updated Jun 4, 2026

SDAIX (Swan Defined Risk Growth Fund) and SHIIX (Catalyst Buffered Shield Fund) are both Options Trading funds. Over the past 5 years, SDAIX returned 8.31%/yr vs 5.59%/yr for SHIIX. Their correlation of 0.87 suggests significant overlap in exposure. SDAIX charges 1.40%/yr vs 1.23%/yr for SHIIX.

Performance

SDAIX vs. SHIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Swan Defined Risk Growth Fund (SDAIX) and Catalyst Buffered Shield Fund (SHIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDAIX achieves a 6.92% return, which is significantly higher than SHIIX's 4.69% return.

SDAIX

• 1D: 0.18%
• 1M: 4.55%
• YTD: 6.92%
• 6M: 6.58%
• 1Y: 20.23%
• 3Y*: 14.17%
• 5Y*: 8.31%
• 10Y*: —

SHIIX

• 1D: 0.00%
• 1M: 1.70%
• YTD: 4.69%
• 6M: 5.35%
• 1Y: 13.94%
• 3Y*: 12.50%
• 5Y*: 5.59%
• 10Y*: 7.42%

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

SDAIX vs. SHIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SDAIX Swan Defined Risk Growth Fund	6.92%	14.14%	13.81%	16.25%	-17.87%	22.93%	11.87%	23.13%
SHIIX Catalyst Buffered Shield Fund	4.69%	10.88%	13.57%	14.03%	-18.44%	14.15%	7.18%	20.38%

Correlation

The correlation between SDAIX and SHIIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019	0.87

The correlation between SDAIX and SHIIX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

SDAIX vs. SHIIX — Risk / Return Rank

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

SDAIX

SDAIX Risk / Return Rank: 51
SDAIX Sharpe Ratio Rank: 54
SDAIX Sortino Ratio Rank: 49
SDAIX Omega Ratio Rank: 54
SDAIX Calmar Ratio Rank: 42
SDAIX Martin Ratio Rank: 57

SHIIX

SHIIX Risk / Return Rank: 85
SHIIX Sharpe Ratio Rank: 85
SHIIX Sortino Ratio Rank: 87
SHIIX Omega Ratio Rank: 87
SHIIX Calmar Ratio Rank: 74
SHIIX Martin Ratio Rank: 91

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.

SDAIX vs. SHIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Swan Defined Risk Growth Fund (SDAIX) and Catalyst Buffered Shield Fund (SHIIX). 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.

	SDAIX	SHIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.75	-0.59
Sortino ratio: Return per unit of downside risk	2.96	4.15	-1.19
Omega ratio: Gain probability vs. loss probability	1.41	1.60	-0.19
Calmar ratio: Return relative to maximum drawdown	2.47	3.38	-0.92
Martin ratio: Return relative to average drawdown	11.49	19.02	-7.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDAIX vs. SHIIX - Sharpe Ratio Comparison

The current SDAIX Sharpe Ratio is 2.16, which is comparable to the SHIIX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of SDAIX and SHIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SDAIX	SHIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.75	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.66	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.85	+0.01

Drawdowns

SDAIX vs. SHIIX - Drawdown Comparison

The maximum SDAIX drawdown since its inception was -24.26%, which is greater than SHIIX's maximum drawdown of -20.20%. Use the drawdown chart below to compare losses from any high point for SDAIX and SHIIX.

Drawdown Indicators

	SDAIX	SHIIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.26%	-20.20%	-4.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	-4.27%	-4.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-11.36%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	-20.20%	-2.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.20%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.99%	-4.12%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	0.76%	+1.04%

Volatility

SDAIX vs. SHIIX - Volatility Comparison

Swan Defined Risk Growth Fund (SDAIX) has a higher volatility of 2.26% compared to Catalyst Buffered Shield Fund (SHIIX) at 0.95%. This indicates that SDAIX's price experiences larger fluctuations and is considered to be riskier than SHIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDAIX	SHIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	0.95%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	4.21%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	9.56%	5.26%	+4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	8.57%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.40%	8.56%	+4.84%

SDAIX vs. SHIIX - Expense Ratio Comparison

SDAIX has a 1.40% expense ratio, which is higher than SHIIX's 1.23% expense ratio.

Dividends

SDAIX vs. SHIIX - Dividend Comparison

SDAIX has not paid dividends to shareholders, while SHIIX's dividend yield for the trailing twelve months is around 2.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SDAIX Swan Defined Risk Growth Fund	0.00%	0.00%	0.00%	28.80%	0.00%	0.00%	0.62%	1.62%	0.00%	0.00%	0.00%
SHIIX Catalyst Buffered Shield Fund	2.88%	3.02%	2.94%	2.52%	0.68%	16.99%	2.01%	6.13%	10.13%	14.66%	0.79%

Frequently Asked Questions

Can I hold both SDAIX and SHIIX in my portfolio?

SDAIX and SHIIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDAIX or SHIIX?

SDAIX has higher volatility (2.26%) compared to SHIIX (0.95%). In terms of maximum drawdown, SDAIX dropped -24.26% vs SHIIX's -20.20%.

Which has better risk-adjusted returns?

SHIIX currently has the higher Sharpe Ratio (2.75 vs 2.16), 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.