SNOIX vs. SAOAX
Compare and contrast key facts about Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) and Guggenheim Alpha Opportunity Fund (SAOAX).
SNOIX is managed by Snow Capital Funds. It was launched on Apr 27, 2006. SAOAX is managed by Guggenheim. It was launched on Jul 6, 2003.
Performance
SNOIX vs. SAOAX - Performance Comparison
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SNOIX vs. SAOAX - 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% |
SAOAX Guggenheim Alpha Opportunity Fund | 10.14% | -2.00% | 10.49% | 8.81% | -8.66% | 14.38% | 0.17% | -2.26% | -11.25% | 7.48% |
Returns By Period
In the year-to-date period, SNOIX achieves a 4.60% return, which is significantly lower than SAOAX's 10.14% return. Over the past 10 years, SNOIX has outperformed SAOAX with an annualized return of 10.60%, while SAOAX has yielded a comparatively lower 2.89% 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%
SAOAX
- 1D
- -0.44%
- 1M
- 0.00%
- YTD
- 10.14%
- 6M
- 11.36%
- 1Y
- 4.23%
- 3Y*
- 7.96%
- 5Y*
- 4.58%
- 10Y*
- 2.89%
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SNOIX vs. SAOAX - Expense Ratio Comparison
SNOIX has a 1.41% expense ratio, which is lower than SAOAX's 1.76% expense ratio.
Return for Risk
SNOIX vs. SAOAX — Risk / Return Rank
SNOIX
SAOAX
SNOIX vs. SAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) and Guggenheim Alpha Opportunity Fund (SAOAX). 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 | SAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 0.10 | +1.39 |
Sortino ratioReturn per unit of downside risk | 2.05 | 0.66 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.15 | +1.58 |
Martin ratioReturn relative to average drawdown | 8.69 | 0.73 | +7.95 |
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 | SAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.10 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.16 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.14 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.30 | +0.01 |
Correlation
The correlation between SNOIX and SAOAX is 0.69, 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. SAOAX - Dividend Comparison
SNOIX's dividend yield for the trailing twelve months is around 6.61%, more than SAOAX's 0.65% yield.
| 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% |
SAOAX Guggenheim Alpha Opportunity Fund | 0.65% | 0.71% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.92% | 1.17% | 7.07% | 0.03% | 0.00% |
Drawdowns
SNOIX vs. SAOAX - Drawdown Comparison
The maximum SNOIX drawdown since its inception was -65.34%, which is greater than SAOAX's maximum drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for SNOIX and SAOAX.
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Drawdown Indicators
| SNOIX | SAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.34% | -52.28% | -13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -35.08% | +22.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.66% | -35.90% | +18.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.43% | -35.90% | +1.47% |
Current DrawdownCurrent decline from peak | -2.29% | -0.47% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -8.77% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 6.97% | -4.48% |
Volatility
SNOIX vs. SAOAX - Volatility Comparison
Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) has a higher volatility of 3.08% compared to Guggenheim Alpha Opportunity Fund (SAOAX) at 2.82%. This indicates that SNOIX's price experiences larger fluctuations and is considered to be riskier than SAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNOIX | SAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.82% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 6.04% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 61.36% | -45.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 28.68% | -13.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 21.13% | -4.53% |