SNOIX vs. LONGX
Compare and contrast key facts about Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) and Longboard Alternative Growth Fund (LONGX).
SNOIX is managed by Snow Capital Funds. It was launched on Apr 27, 2006. LONGX is managed by Longboard. It was launched on Mar 15, 2015.
Performance
SNOIX vs. LONGX - Performance Comparison
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SNOIX vs. LONGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNOIX Easterly Snow Capital Long/Short Opportunity Fund | 4.60% | 20.66% | 5.17% | 10.84% | -3.10% | 26.26% | 1.44% | 22.44% | -11.25% | 12.80% |
LONGX Longboard Alternative Growth Fund | 0.33% | 1.49% | 14.95% | 5.64% | -13.21% | 13.89% | 27.70% | 13.82% | 270.32% | 19.08% |
Returns By Period
In the year-to-date period, SNOIX achieves a 4.60% return, which is significantly higher than LONGX's 0.33% return. Over the past 10 years, SNOIX has underperformed LONGX with an annualized return of 10.60%, while LONGX has yielded a comparatively higher 23.63% annualized return.
SNOIX
- 1D
- -0.47%
- 1M
- -2.06%
- YTD
- 4.60%
- 6M
- 10.65%
- 1Y
- 23.47%
- 3Y*
- 13.63%
- 5Y*
- 8.96%
- 10Y*
- 10.60%
LONGX
- 1D
- -0.40%
- 1M
- -5.53%
- YTD
- 0.33%
- 6M
- -0.40%
- 1Y
- 3.94%
- 3Y*
- 8.06%
- 5Y*
- 3.23%
- 10Y*
- 23.63%
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SNOIX vs. LONGX - Expense Ratio Comparison
SNOIX has a 1.41% expense ratio, which is lower than LONGX's 1.99% expense ratio.
Return for Risk
SNOIX vs. LONGX — Risk / Return Rank
SNOIX
LONGX
SNOIX vs. LONGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) and Longboard Alternative Growth Fund (LONGX). 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.
| SNOIX | LONGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 0.39 | +1.10 |
Sortino ratioReturn per unit of downside risk | 2.05 | 0.60 | +1.45 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.08 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.48 | +1.24 |
Martin ratioReturn relative to average drawdown | 8.69 | 1.52 | +7.16 |
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
| SNOIX | LONGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.39 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.27 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.17 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.16 | +0.15 |
Correlation
The correlation between SNOIX and LONGX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SNOIX vs. LONGX - Dividend Comparison
SNOIX's dividend yield for the trailing twelve months is around 6.61%, while LONGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNOIX Easterly Snow Capital Long/Short Opportunity Fund | 6.61% | 6.91% | 5.10% | 2.29% | 7.07% | 8.98% | 1.86% | 1.95% | 2.06% | 4.80% | 0.36% | 2.79% |
LONGX Longboard Alternative Growth Fund | 0.00% | 0.00% | 0.00% | 5.40% | 7.64% | 1.73% | 0.00% | 0.00% | 3.10% | 268.50% | 23.29% | 0.00% |
Drawdowns
SNOIX vs. LONGX - Drawdown Comparison
The maximum SNOIX drawdown since its inception was -65.34%, smaller than the maximum LONGX drawdown of -77.16%. Use the drawdown chart below to compare losses from any high point for SNOIX and LONGX.
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Drawdown Indicators
| SNOIX | LONGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.34% | -77.16% | +11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -7.13% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.66% | -19.28% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -34.43% | -77.16% | +42.73% |
Current DrawdownCurrent decline from peak | -2.29% | -6.53% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -7.47% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.26% | +0.23% |
Volatility
SNOIX vs. LONGX - Volatility Comparison
The current volatility for Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) is 3.08%, while Longboard Alternative Growth Fund (LONGX) has a volatility of 4.15%. This indicates that SNOIX experiences smaller price fluctuations and is considered to be less risky than LONGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNOIX | LONGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.15% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 8.13% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 11.21% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 11.84% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 137.75% | -121.15% |