SFHYX vs. AFQSX

Last updated Jun 23, 2026

SFHYX (Hundredfold Select Alternative Fund) and AFQSX (Alpha Fiduciary Quantitative Strategy Fund) are both Tactical Allocation funds. Over the past 5 years, SFHYX returned 2.36%/yr vs 3.11%/yr for AFQSX. At a 0.41 correlation, their price movements are largely independent. SFHYX charges 2.45%/yr vs 1.70%/yr for AFQSX.

Performance

SFHYX vs. AFQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hundredfold Select Alternative Fund (SFHYX) and Alpha Fiduciary Quantitative Strategy Fund (AFQSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFHYX achieves a 1.21% return, which is significantly lower than AFQSX's 10.72% return.

SFHYX

• 1D: 0.31%
• 1M: 0.04%
• YTD: 1.21%
• 6M: 1.18%
• 1Y: 9.07%
• 3Y*: 8.07%
• 5Y*: 2.36%
• 10Y*: 7.31%

AFQSX

• 1D: 0.00%
• 1M: 0.66%
• YTD: 10.72%
• 6M: 10.14%
• 1Y: 20.91%
• 3Y*: 6.49%
• 5Y*: 3.11%
• 10Y*: —

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

SFHYX vs. AFQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SFHYX Hundredfold Select Alternative Fund	1.21%	10.99%	2.78%	9.94%	-10.31%	8.05%	37.42%	0.00%
AFQSX Alpha Fiduciary Quantitative Strategy Fund	10.72%	3.78%	5.83%	2.10%	-22.23%	44.62%	-23.80%	0.00%

Correlation

The correlation between SFHYX and AFQSX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.41

The correlation between SFHYX and AFQSX shifts across timeframes, from 0.28 (3 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SFHYX vs. AFQSX — Risk / Return Rank

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

SFHYX

SFHYX Risk / Return Rank: 44
SFHYX Sharpe Ratio Rank: 50
SFHYX Sortino Ratio Rank: 42
SFHYX Omega Ratio Rank: 56
SFHYX Calmar Ratio Rank: 44
SFHYX Martin Ratio Rank: 30

AFQSX

AFQSX Risk / Return Rank: 63
AFQSX Sharpe Ratio Rank: 48
AFQSX Sortino Ratio Rank: 51
AFQSX Omega Ratio Rank: 70
AFQSX Calmar Ratio Rank: 81
AFQSX Martin Ratio Rank: 64

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.

SFHYX vs. AFQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hundredfold Select Alternative Fund (SFHYX) and Alpha Fiduciary Quantitative Strategy Fund (AFQSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SFHYX	AFQSX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.89	+0.03
Sortino ratio: Return per unit of downside risk	2.51	2.74	-0.23
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	2.41	3.50	-1.08
Martin ratio: Return relative to average drawdown	6.46	11.83	-5.37

SFHYX vs. AFQSX - Sharpe Ratio Comparison

The current SFHYX Sharpe Ratio is 1.91, which is comparable to the AFQSX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SFHYX and AFQSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SFHYX vs. AFQSX - Drawdown Comparison

The maximum SFHYX drawdown since its inception was -17.34%, smaller than the maximum AFQSX drawdown of -93.01%. Use the drawdown chart below to compare losses from any high point for SFHYX and AFQSX.

Drawdown Indicators

	SFHYX	AFQSX	Difference
Max Drawdown Largest peak-to-trough decline	-17.34%	-93.01%	+75.67%
Max Drawdown (1Y) Largest decline over 1 year	-3.75%	-6.01%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-5.80%	-93.01%	+87.21%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	-93.01%	+79.30%
Max Drawdown (10Y) Largest decline over 10 years	-14.37%	—	—
Current Drawdown Current decline from peak	-1.44%	-90.58%	+89.14%
Average Drawdown Average peak-to-trough decline	-2.74%	-35.55%	+32.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	1.77%	-0.37%

Volatility

SFHYX vs. AFQSX - Volatility Comparison

The current volatility for Hundredfold Select Alternative Fund (SFHYX) is 1.69%, while Alpha Fiduciary Quantitative Strategy Fund (AFQSX) has a volatility of 5.48%. This indicates that SFHYX experiences smaller price fluctuations and is considered to be less risky than AFQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFHYX	AFQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	5.48%	-3.79%
Volatility (6M) Calculated over the trailing 6-month period	3.85%	9.75%	-5.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.73%	11.13%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.23%	637.17%	-630.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.29%	560.62%	-554.33%

SFHYX vs. AFQSX - Expense Ratio Comparison

SFHYX has a 2.45% expense ratio, which is higher than AFQSX's 1.70% expense ratio.

Dividends

SFHYX vs. AFQSX - Dividend Comparison

SFHYX's dividend yield for the trailing twelve months is around 9.43%, while AFQSX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFQSX Alpha Fiduciary Quantitative Strategy Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SFHYX Hundredfold Select Alternative Fund	9.43%	9.54%	5.68%	4.62%	4.19%	10.21%	13.57%	4.95%	2.55%	10.24%	4.93%	0.71%

Frequently Asked Questions

Can I hold both SFHYX and AFQSX in my portfolio?

SFHYX and AFQSX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFHYX or AFQSX?

AFQSX has higher volatility (5.48%) compared to SFHYX (1.69%). In terms of maximum drawdown, SFHYX dropped -17.34% vs AFQSX's -93.01%.

Which has better risk-adjusted returns?

SFHYX currently has the higher Sharpe Ratio (1.91 vs 1.89), 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.