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SIRIX vs. STMYX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SIRIX vs. STMYX

Last updated Jun 23, 2026

SIRIX (Sierra Tactical All Asset Fund) and STMYX (Sierra Tactical Municipal Fund) are both mutual funds - SIRIX is a Tactical Allocation fund managed by Sierra Trust, while STMYX is a High Yield Muni fund managed by Sierra Trust. Over the past 5 years, SIRIX returned 1.93%/yr vs 0.87%/yr for STMYX. At a 0.31 correlation, their price movements are largely independent. SIRIX charges 1.70%/yr vs 0.92%/yr for STMYX.

Performance

SIRIX vs. STMYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sierra Tactical All Asset Fund (SIRIX) and Sierra Tactical Municipal Fund (STMYX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SIRIX achieves a 5.06% return, which is significantly higher than STMYX's 2.16% return.

SIRIX

1D
0.72%
1M
1.11%
YTD
5.06%
6M
4.88%
1Y
12.51%
3Y*
6.11%
5Y*
1.93%
10Y*
2.78%

STMYX

1D
0.12%
1M
1.78%
YTD
2.16%
6M
2.32%
1Y
5.82%
3Y*
2.43%
5Y*
0.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SIRIX vs. STMYX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SIRIX
Sierra Tactical All Asset Fund		5.06%4.74%4.90%4.17%-6.82%0.48%4.81%7.66%
STMYX
Sierra Tactical Municipal Fund		2.16%-1.09%2.00%4.29%-2.93%3.35%4.35%7.73%

Correlation

The correlation between SIRIX and STMYX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2019

0.31

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Sierra Tactical All Asset Fund

Sierra Tactical Municipal Fund

Often compared with SIRIX:
SIRIX vs. PAAIXSIRIX vs. UPAAXSIRIX vs. PASAXSIRIX vs. HFSAXSIRIX vs. TTIFXSIRIX vs. GPIFXSIRIX vs. ABRZX
Often compared with STMYX:
STMYX vs. FQTHXSTMYX vs. AMHIXSTMYX vs. AHYMXSTMYX vs. DHMBXSTMYX vs. STXAXSTMYX vs. ABTYXSTMYX vs. SRHMX

Return for Risk

SIRIX vs. STMYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SIRIX
SIRIX Risk / Return Rank: 4343
Overall Rank
SIRIX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
SIRIX Sortino Ratio Rank: 4242
Sortino Ratio Rank
SIRIX Omega Ratio Rank: 4848
Omega Ratio Rank
SIRIX Calmar Ratio Rank: 4040
Calmar Ratio Rank
SIRIX Martin Ratio Rank: 4141
Martin Ratio Rank
STMYX
STMYX Risk / Return Rank: 6161
Overall Rank
STMYX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
STMYX Sortino Ratio Rank: 7070
Sortino Ratio Rank
STMYX Omega Ratio Rank: 8686
Omega Ratio Rank
STMYX Calmar Ratio Rank: 4040
Calmar Ratio Rank
STMYX Martin Ratio Rank: 3535
Martin Ratio Rank
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.

SIRIX vs. STMYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sierra Tactical All Asset Fund (SIRIX) and Sierra Tactical Municipal Fund (STMYX). 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.

SIRIXSTMYXDifference
Sharpe ratioReturn per unit of total volatility
1.83
2.27

-0.44

Sortino ratioReturn per unit of downside risk
2.52
3.16

-0.65

Omega ratioGain probability vs. loss probability

1.35

1.54

-0.19

Calmar ratioReturn relative to maximum drawdown

2.29

2.32

-0.03

Martin ratioReturn relative to average drawdown

8.38

7.46

+0.91

SIRIX vs. STMYX - Sharpe Ratio Comparison

The current SIRIX Sharpe Ratio is 1.83, which is comparable to the STMYX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of SIRIX and STMYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SIRIX vs. STMYX - Drawdown Comparison

The maximum SIRIX drawdown since its inception was -11.31%, which is greater than STMYX's maximum drawdown of -9.71%. Use the drawdown chart below to compare losses from any high point for SIRIX and STMYX.

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Drawdown Indicators

SIRIXSTMYXDifference

Max Drawdown

Largest peak-to-trough decline

-11.31%

-9.71%

-1.60%

Max Drawdown (1Y)

Largest decline over 1 year

-5.42%

-2.55%

-2.87%

Max Drawdown (3Y)

Largest decline over 3 years

-7.99%

-7.74%

-0.25%

Max Drawdown (5Y)

Largest decline over 5 years

-11.30%

-8.59%

-2.71%

Max Drawdown (10Y)

Largest decline over 10 years

-11.31%

—

—

Current Drawdown

Current decline from peak

-0.55%

-0.88%

+0.33%

Average Drawdown

Average peak-to-trough decline

-2.43%

-3.14%

+0.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.47%

0.79%

+0.68%

Volatility

SIRIX vs. STMYX - Volatility Comparison

Sierra Tactical All Asset Fund (SIRIX) has a higher volatility of 3.46% compared to Sierra Tactical Municipal Fund (STMYX) at 0.67%. This indicates that SIRIX's price experiences larger fluctuations and is considered to be riskier than STMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SIRIXSTMYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

0.67%

+2.79%

Volatility (6M)

Calculated over the trailing 6-month period

5.81%

1.93%

+3.88%

Volatility (1Y)

Calculated over the trailing 1-year period

6.77%

2.60%

+4.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.33%

3.88%

+1.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.21%

3.70%

+0.51%

SIRIX vs. STMYX - Expense Ratio Comparison

SIRIX has a 1.70% expense ratio, which is higher than STMYX's 0.92% expense ratio.

Dividends

SIRIX vs. STMYX - Dividend Comparison

SIRIX's dividend yield for the trailing twelve months is around 2.59%, less than STMYX's 3.59% yield.

PositionTTM20252024202320222021202020192018201720162015
SIRIX
Sierra Tactical All Asset Fund		2.59%2.65%2.88%2.71%1.59%2.52%1.37%2.51%2.23%2.41%2.15%2.53%
STMYX
Sierra Tactical Municipal Fund		3.59%3.44%3.03%2.46%1.13%4.78%2.47%2.67%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SIRIX and STMYX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SIRIX has higher volatility (3.46%) compared to STMYX (0.67%). In terms of maximum drawdown, SIRIX dropped -11.31% vs STMYX's -9.71%.

STMYX currently has the higher Sharpe Ratio (2.27 vs 1.83), 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.

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