SPATX vs. SPILX

Last updated Jun 23, 2026

SPATX (Symmetry Panoramic Alternatives Fund) and SPILX (Symmetry Panoramic International Equity Fund) are both mutual funds - SPATX is a Multistrategy fund managed by Symmetry Partners, while SPILX is a Foreign Large Cap Equities fund managed by Symmetry Partners. Over the past 5 years, SPATX returned 9.04%/yr vs 9.91%/yr for SPILX. At a 0.10 correlation, their price movements are largely independent. SPATX charges 0.50%/yr vs 0.89%/yr for SPILX.

Performance

SPATX vs. SPILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic Alternatives Fund (SPATX) and Symmetry Panoramic International Equity Fund (SPILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPATX achieves a 7.24% return, which is significantly lower than SPILX's 17.38% return.

SPATX

• 1D: -0.23%
• 1M: -0.23%
• YTD: 7.24%
• 6M: 7.45%
• 1Y: 13.27%
• 3Y*: 10.37%
• 5Y*: 9.04%
• 10Y*: —

SPILX

• 1D: 1.30%
• 1M: 3.58%
• YTD: 17.38%
• 6M: 17.89%
• 1Y: 34.91%
• 3Y*: 19.77%
• 5Y*: 9.91%
• 10Y*: —

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

SPATX vs. SPILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPATX Symmetry Panoramic Alternatives Fund	7.24%	11.09%	1.50%	11.90%	12.80%	5.86%	3.42%	-0.00%	0.85%
SPILX Symmetry Panoramic International Equity Fund	17.38%	33.04%	1.61%	18.25%	-15.29%	9.49%	8.30%	16.76%	-2.40%

Correlation

The correlation between SPATX and SPILX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.10

The correlation between SPATX and SPILX shifts across timeframes, from -0.01 (5 years) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPATX vs. SPILX — Risk / Return Rank

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

SPATX

SPATX Risk / Return Rank: 97
SPATX Sharpe Ratio Rank: 98
SPATX Sortino Ratio Rank: 97
SPATX Omega Ratio Rank: 93
SPATX Calmar Ratio Rank: 98
SPATX Martin Ratio Rank: 98

SPILX

SPILX Risk / Return Rank: 69
SPILX Sharpe Ratio Rank: 74
SPILX Sortino Ratio Rank: 65
SPILX Omega Ratio Rank: 73
SPILX Calmar Ratio Rank: 70
SPILX Martin Ratio Rank: 65

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.

SPATX vs. SPILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Alternatives Fund (SPATX) and Symmetry Panoramic International Equity Fund (SPILX). 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.

	SPATX	SPILX	Difference
Sharpe ratio: Return per unit of total volatility	3.47	2.30	+1.17
Sortino ratio: Return per unit of downside risk	5.28	3.07	+2.21
Omega ratio: Gain probability vs. loss probability	1.68	1.44	+0.25
Calmar ratio: Return relative to maximum drawdown	9.11	3.09	+6.02
Martin ratio: Return relative to average drawdown	30.55	11.99	+18.55

SPATX vs. SPILX - Sharpe Ratio Comparison

The current SPATX Sharpe Ratio is 3.47, which is higher than the SPILX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SPATX and SPILX, 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

SPATX vs. SPILX - Drawdown Comparison

The maximum SPATX drawdown since its inception was -11.67%, smaller than the maximum SPILX drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for SPATX and SPILX.

Drawdown Indicators

	SPATX	SPILX	Difference
Max Drawdown Largest peak-to-trough decline	-11.67%	-34.53%	+22.86%
Max Drawdown (1Y) Largest decline over 1 year	-1.45%	-11.08%	+9.63%
Max Drawdown (3Y) Largest decline over 3 years	-5.89%	-12.90%	+7.01%
Max Drawdown (5Y) Largest decline over 5 years	-5.89%	-27.71%	+21.82%
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-1.69%	-6.35%	+4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	2.84%	-2.41%

Volatility

SPATX vs. SPILX - Volatility Comparison

The current volatility for Symmetry Panoramic Alternatives Fund (SPATX) is 1.39%, while Symmetry Panoramic International Equity Fund (SPILX) has a volatility of 6.62%. This indicates that SPATX experiences smaller price fluctuations and is considered to be less risky than SPILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPATX	SPILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	6.62%	-5.23%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	13.10%	-10.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	14.87%	-11.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.26%	14.65%	-8.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.04%	15.51%	-9.47%

SPATX vs. SPILX - Expense Ratio Comparison

SPATX has a 0.50% expense ratio, which is lower than SPILX's 0.89% expense ratio.

Dividends

SPATX vs. SPILX - Dividend Comparison

SPATX's dividend yield for the trailing twelve months is around 2.84%, less than SPILX's 5.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPATX Symmetry Panoramic Alternatives Fund	2.84%	3.05%	2.65%	6.16%	6.22%	2.08%	0.00%	1.87%	2.33%
SPILX Symmetry Panoramic International Equity Fund	5.66%	6.64%	3.44%	3.50%	2.45%	2.36%	1.22%	2.96%	1.00%

Frequently Asked Questions

Can I hold both SPATX and SPILX in my portfolio?

SPATX and SPILX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPATX or SPILX?

SPILX has higher volatility (6.62%) compared to SPATX (1.39%). In terms of maximum drawdown, SPATX dropped -11.67% vs SPILX's -34.53%.

Which has better risk-adjusted returns?

SPATX currently has the higher Sharpe Ratio (3.47 vs 2.30), 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.