SPE vs. SHRIX
SPE (Special Opportunities Fund Inc.) and SHRIX (Stone Ridge High Yield Reinsurance Risk Premium Fund Class I) are both Multistrategy funds. Over the past 5 years, SPE returned 8.36%/yr vs 9.22%/yr for SHRIX. Their -0.02 correlation means they have often moved in opposite directions in the past. SPE charges 1.11%/yr vs 1.76%/yr for SHRIX.
Performance
SPE vs. SHRIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPE achieves a -3.76% return, which is significantly lower than SHRIX's 3.08% return.
SPE
- 1D
- 0.08%
- 1M
- -2.03%
- 6M
- -5.61%
- YTD
- -3.76%
- 1Y
- 1.19%
- 3Y*
- 16.61%
- 5Y*
- 8.36%
- 10Y*
- 10.98%
- ALL TIME*
- 9.02%
SHRIX
- 1D
- 0.00%
- 1M
- 0.79%
- 6M
- 2.27%
- YTD
- 3.08%
- 1Y
- 11.30%
- 3Y*
- 12.82%
- 5Y*
- 9.22%
- 10Y*
- —
- ALL TIME*
- 5.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $510.01K | $480.11K | $478.95K |
SPE vs. SHRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPE Special Opportunities Fund Inc. | -3.76% | 14.68% | 34.41% | 14.12% | -18.39% | 23.60% | 4.86% | 32.95% | -9.17% | 15.39% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 3.08% | 10.70% | 16.73% | 21.07% | -3.37% | 1.88% | 6.86% | 4.58% | 2.81% | -7.49% |
Correlation
The correlation between SPE and SHRIX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPE vs. SHRIX — Risk / Return Rank
SPE
SHRIX
SPE vs. SHRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Special Opportunities Fund Inc. (SPE) and Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX). 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.
| SPE | SHRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.93 | ||
| Sortino ratioReturn per unit of downside risk | -5.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 4.73 | -3.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 6.13 | -6.17 |
| Martin ratioReturn relative to average drawdown | -0.11 | 21.28 | -21.38 |
Loading charts...
Drawdowns
SPE vs. SHRIX - Drawdown Comparison
The maximum SPE drawdown since its inception was -46.90%, which is greater than SHRIX's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for SPE and SHRIX.
Loading charts...
Drawdown Indicators
| SPE | SHRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.90% | -14.34% | -32.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -1.87% | -7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -6.91% | -6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -12.69% | -11.49% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | — | — |
Current DrawdownCurrent decline from peak | -6.99% | 0.00% | -6.99% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -2.03% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 0.54% | +3.06% |
Volatility
SPE vs. SHRIX - Volatility Comparison
Special Opportunities Fund Inc. (SPE) has a higher volatility of 2.80% compared to Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) at 0.25%. This indicates that SPE's price experiences larger fluctuations and is considered to be riskier than SHRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPE | SHRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 0.25% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 2.02% | +6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 2.35% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 6.27% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 6.24% | +11.11% |
SPE vs. SHRIX - Expense Ratio Comparison
SPE has a 1.11% expense ratio, which is lower than SHRIX's 1.76% expense ratio.
Dividends
SPE vs. SHRIX - Dividend Comparison
SPE's dividend yield for the trailing twelve months is around 17.45%, more than SHRIX's 11.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 11.10% | 10.92% | 14.34% | 12.34% | 3.89% | 4.61% | 6.34% | 5.06% | 5.09% | 0.35% | 0.00% | 0.00% |
SPE Special Opportunities Fund Inc. | 17.45% | 13.73% | 7.83% | 8.77% | 11.58% | 11.64% | 8.01% | 6.35% | 14.10% | 16.53% | 5.93% | 9.02% |
Frequently Asked Questions
SPE and SHRIX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPE has higher volatility (2.80%) compared to SHRIX (0.25%). In terms of maximum drawdown, SPE dropped -46.90% vs SHRIX's -14.34%.
SHRIX currently has the higher Sharpe Ratio (4.89 vs -0.03), 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.
Find the right allocation for SPE and SHRIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer