SFPAX vs. ASFYX
Compare and contrast key facts about Saratoga Financial Service Fund (SFPAX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).
SFPAX is managed by BlackRock. It was launched on Aug 1, 2000. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
SFPAX vs. ASFYX - Performance Comparison
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SFPAX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 6.72% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Returns By Period
Over the past 10 years, SFPAX has outperformed ASFYX with an annualized return of 9.11%, while ASFYX has yielded a comparatively lower 1.88% annualized return.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.90%
- 1Y
- 6.89%
- 3Y*
- 16.47%
- 5Y*
- 7.29%
- 10Y*
- 9.11%
ASFYX
- 1D
- 0.12%
- 1M
- -0.84%
- YTD
- 6.72%
- 6M
- 10.49%
- 1Y
- 3.28%
- 3Y*
- -2.85%
- 5Y*
- 2.28%
- 10Y*
- 1.88%
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SFPAX vs. ASFYX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than ASFYX's 1.47% expense ratio.
Return for Risk
SFPAX vs. ASFYX — Risk / Return Rank
SFPAX
ASFYX
SFPAX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| SFPAX | ASFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.27 | +0.15 |
Sortino ratioReturn per unit of downside risk | 0.68 | 0.42 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.18 | +0.40 |
Martin ratioReturn relative to average drawdown | 2.51 | 0.29 | +2.21 |
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
| SFPAX | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.27 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.17 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.15 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.31 | -0.17 |
Correlation
The correlation between SFPAX and ASFYX is 0.13, 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
SFPAX vs. ASFYX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while ASFYX's dividend yield for the trailing twelve months is around 1.42%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.42% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
Drawdowns
SFPAX vs. ASFYX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for SFPAX and ASFYX.
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Drawdown Indicators
| SFPAX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -36.43% | -35.55% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -13.51% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -36.43% | +8.92% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -36.43% | -9.21% |
Current DrawdownCurrent decline from peak | -2.65% | -24.28% | +21.63% |
Average DrawdownAverage peak-to-trough decline | -21.06% | -13.10% | -7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 8.26% | -5.13% |
Volatility
SFPAX vs. ASFYX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.82%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFPAX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.82% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 10.00% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 13.00% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 13.67% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 12.68% | +9.99% |