SPE vs. SYMIX
SPE (Special Opportunities Fund Inc.) and SYMIX (AlphaCentric Symmetry Strategy Fund Class I) are both Multistrategy funds. Over the past 5 years, SPE returned 8.36%/yr vs 7.61%/yr for SYMIX. Their 0.40 correlation means their historical movements had little consistent relationship. SPE charges 1.11%/yr vs 1.69%/yr for SYMIX.
Performance
SPE vs. SYMIX - Performance Comparison
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Returns By Period
In the year-to-date period, SPE achieves a -3.76% return, which is significantly lower than SYMIX's 11.07% 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%
SYMIX
- 1D
- 0.00%
- 1M
- 4.49%
- 6M
- 7.72%
- YTD
- 11.07%
- 1Y
- 24.29%
- 3Y*
- 9.48%
- 5Y*
- 7.61%
- 10Y*
- —
- ALL TIME*
- 6.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $510.01K | $480.11K | $478.95K | |
| $0.00 | $0.00 | $0.00 |
SPE vs. SYMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPE Special Opportunities Fund Inc. | -3.76% | 14.68% | 34.41% | 14.12% | -18.39% | 23.60% | 4.86% | 11.49% |
SYMIX AlphaCentric Symmetry Strategy Fund Class I | 11.07% | 12.36% | 7.61% | 0.93% | 6.09% | 14.07% | -2.60% | 0.06% |
Correlation
The correlation between SPE and SYMIX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2019 | 0.40 |
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Return for Risk
SPE vs. SYMIX — Risk / Return Rank
SPE
SYMIX
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.
| SPE | SYMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.48 | -3.52 |
| Martin ratioReturn relative to average drawdown | -0.11 | 10.19 | -10.30 |
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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
| SPE | SYMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.90% | -17.44% | -29.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -6.50% | -2.83% |
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 DrawdownCurrent decline from peak | -6.99% | -1.22% | -5.77% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -4.16% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.22% | +1.38% |
Volatility
SPE vs. SYMIX - Volatility Comparison
Special Opportunities Fund Inc. (SPE) has a higher volatility of 2.80% compared to AlphaCentric Symmetry Strategy Fund Class I (SYMIX) at 2.17%. 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
| SPE | SYMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.17% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 9.09% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 11.55% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 10.80% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 10.99% | +6.36% |
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 17.45%, while SYMIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 0.41, 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 SYMIX (2.17%). In terms of maximum drawdown, SPE dropped -46.90% vs SYMIX's -17.44%.
SYMIX currently has the higher Sharpe Ratio (1.96 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.
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