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SPE vs. SYMIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPE vs. SYMIX

Last updated Jun 23, 2026

SPE (Special Opportunities Fund Inc.) and SYMIX (AlphaCentric Symmetry Strategy Fund Class I) are both Multistrategy funds. Over the past 5 years, SPE returned 9.04%/yr vs 7.34%/yr for SYMIX. At a 0.40 correlation, their price movements are largely independent. SPE charges 1.11%/yr vs 1.69%/yr for SYMIX.

Performance

SPE vs. SYMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Special Opportunities Fund Inc. (SPE) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPE achieves a -2.79% return, which is significantly lower than SYMIX's 7.24% return.

SPE

1D
-2.05%
1M
-2.09%
YTD
-2.79%
6M
-2.84%
1Y
4.24%
3Y*
18.96%
5Y*
9.04%
10Y*
11.61%

SYMIX

1D
-0.20%
1M
-3.58%
YTD
7.24%
6M
6.70%
1Y
23.60%
3Y*
9.26%
5Y*
7.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPE vs. SYMIX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SPE
Special Opportunities Fund Inc.		-2.79%14.68%34.41%14.12%-18.39%23.60%4.86%11.49%
SYMIX
AlphaCentric Symmetry Strategy Fund Class I		7.24%12.36%7.61%0.93%6.09%14.07%-2.60%0.06%

Correlation

The correlation between SPE and SYMIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.43

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

0.40

Correlation (All Time)
Calculated using the full available price history since Aug 19, 2019

0.40

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Special Opportunities Fund Inc.

AlphaCentric Symmetry Strategy Fund Class I

Often compared with SPE:
SPE vs. QRPNXSPE vs. ADAIXSPE vs. CEFSSPE vs. ARBIXSPE vs. QRPRXSPE vs. SPATXSPE vs. QSPNX
Often compared with SYMIX:
SYMIX vs. TMSRXSYMIX vs. SRRIXSYMIX vs. TALTXSYMIX vs. SHRIXSYMIX vs. QSPRXSYMIX vs. GAAVXSYMIX vs. ARBIX

Return for Risk

SPE vs. SYMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPE
SPE Risk / Return Rank: 66
Overall Rank
SPE Sharpe Ratio Rank: 66
Sharpe Ratio Rank
SPE Sortino Ratio Rank: 55
Sortino Ratio Rank
SPE Omega Ratio Rank: 55
Omega Ratio Rank
SPE Calmar Ratio Rank: 66
Calmar Ratio Rank
SPE Martin Ratio Rank: 66
Martin Ratio Rank
SYMIX
SYMIX Risk / Return Rank: 6161
Overall Rank
SYMIX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
SYMIX Sortino Ratio Rank: 4949
Sortino Ratio Rank
SYMIX Omega Ratio Rank: 4949
Omega Ratio Rank
SYMIX Calmar Ratio Rank: 8585
Calmar Ratio Rank
SYMIX Martin Ratio Rank: 7171
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.

SPE vs. SYMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Special Opportunities Fund Inc. (SPE) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX). 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.

SPESYMIXDifference
Sharpe ratioReturn per unit of total volatility
0.39
1.99

-1.61

Sortino ratioReturn per unit of downside risk
0.60
2.70

-2.10

Omega ratioGain probability vs. loss probability

1.08

1.35

-0.28

Calmar ratioReturn relative to maximum drawdown

0.46

3.81

-3.35

Martin ratioReturn relative to average drawdown

1.41

12.64

-11.23

SPE vs. SYMIX - Sharpe Ratio Comparison

The current SPE Sharpe Ratio is 0.39, which is lower than the SYMIX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of SPE and SYMIX, 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

SPE vs. SYMIX - Drawdown Comparison

The maximum SPE drawdown since its inception was -46.90%, which is greater than SYMIX's maximum drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for SPE and SYMIX.

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Drawdown Indicators

SPESYMIXDifference

Max Drawdown

Largest peak-to-trough decline

-46.90%

-17.44%

-29.46%

Max Drawdown (1Y)

Largest decline over 1 year

-9.33%

-6.07%

-3.26%

Max Drawdown (3Y)

Largest decline over 3 years

-13.69%

-12.03%

-1.66%

Max Drawdown (5Y)

Largest decline over 5 years

-24.18%

-12.20%

-11.98%

Max Drawdown (10Y)

Largest decline over 10 years

-46.90%

—

—

Current Drawdown

Current decline from peak

-6.05%

-4.63%

-1.42%

Average Drawdown

Average peak-to-trough decline

-4.70%

-4.18%

-0.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

1.82%

+1.20%

Volatility

SPE vs. SYMIX - Volatility Comparison

Special Opportunities Fund Inc. (SPE) has a higher volatility of 3.70% compared to AlphaCentric Symmetry Strategy Fund Class I (SYMIX) at 2.85%. This indicates that SPE's price experiences larger fluctuations and is considered to be riskier than SYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPESYMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

2.85%

+0.85%

Volatility (6M)

Calculated over the trailing 6-month period

8.84%

9.37%

-0.53%

Volatility (1Y)

Calculated over the trailing 1-year period

11.08%

11.59%

-0.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.61%

10.89%

+2.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.38%

11.01%

+6.37%

SPE vs. SYMIX - Expense Ratio Comparison

SPE has a 1.11% expense ratio, which is lower than SYMIX's 1.69% expense ratio.

Dividends

SPE vs. SYMIX - Dividend Comparison

SPE's dividend yield for the trailing twelve months is around 17.14%, while SYMIX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
SPE
Special Opportunities Fund Inc.		17.14%13.73%7.83%8.77%11.58%11.64%8.01%6.35%14.10%16.53%5.93%9.02%
SYMIX
AlphaCentric Symmetry Strategy Fund Class I		0.00%0.00%0.00%2.06%9.82%0.25%1.71%2.42%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPE and SYMIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPE has higher volatility (3.70%) compared to SYMIX (2.85%). In terms of maximum drawdown, SPE dropped -46.90% vs SYMIX's -17.44%.

SYMIX currently has the higher Sharpe Ratio (1.99 vs 0.39), 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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