SPILX vs. SPATX

Last updated Jun 23, 2026

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

Performance

SPILX vs. SPATX - Performance Comparison

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

Returns By Period

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

SPILX

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

SPATX

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

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

SPILX vs. SPATX - Yearly Performance Comparison

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

Correlation

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

Return for Risk

SPILX vs. SPATX — Risk / Return Rank

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

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

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

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.

SPILX vs. SPATX - Risk-Adjusted Trends Comparison

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

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

SPILX vs. SPATX - Sharpe Ratio Comparison

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

SPILX vs. SPATX - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

SPILX vs. SPATX - Volatility Comparison

Symmetry Panoramic International Equity Fund (SPILX) has a higher volatility of 6.62% compared to Symmetry Panoramic Alternatives Fund (SPATX) at 1.39%. This indicates that SPILX's price experiences larger fluctuations and is considered to be riskier than SPATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

SPILX vs. SPATX - Expense Ratio Comparison

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

Dividends

SPILX vs. SPATX - Dividend Comparison

SPILX's dividend yield for the trailing twelve months is around 5.66%, more than SPATX's 2.84% 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 SPILX and SPATX in my portfolio?

SPILX and SPATX 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, SPILX or SPATX?

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

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.