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SPUBX vs. AMFIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPUBX vs. AMFIX

Last updated Jun 25, 2026

SPUBX (Symmetry Panoramic US Fixed Income Fund) and AMFIX (AAMA Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, SPUBX returned 0.66%/yr vs 0.77%/yr for AMFIX. A 0.80 correlation means they provide meaningful diversification when combined. SPUBX charges 0.45%/yr vs 0.92%/yr for AMFIX.

Performance

SPUBX vs. AMFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic US Fixed Income Fund (SPUBX) and AAMA Income Fund (AMFIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPUBX achieves a 0.36% return, which is significantly higher than AMFIX's 0.26% return.

SPUBX

1D
0.11%
1M
0.65%
YTD
0.36%
6M
0.26%
1Y
4.11%
3Y*
4.03%
5Y*
0.66%
10Y*
—

AMFIX

1D
0.08%
1M
0.17%
YTD
0.26%
6M
0.32%
1Y
2.19%
3Y*
3.29%
5Y*
0.77%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPUBX vs. AMFIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SPUBX
Symmetry Panoramic US Fixed Income Fund		0.36%7.23%1.15%5.32%-9.45%-1.72%5.63%5.91%1.56%
AMFIX
AAMA Income Fund		0.26%3.74%3.48%3.84%-6.26%-1.37%2.24%2.47%0.96%

Correlation

The correlation between SPUBX and AMFIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.81

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

0.81

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

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2018

0.80

The correlation between SPUBX and AMFIX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

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Symmetry Panoramic US Fixed Income Fund

AAMA Income Fund

Often compared with SPUBX:
SPUBX vs. SPATXSPUBX vs. SPGBXSPUBX vs. SPMFXSPUBX vs. SPILXSPUBX vs. SPUSXSPUBX vs. SPGEXSPUBX vs. TIBDX
Often compared with AMFIX:
AMFIX vs. HOBIXAMFIX vs. ARINXAMFIX vs. EINFXAMFIX vs. AAIIXAMFIX vs. BCPIXAMFIX vs. GUGAXAMFIX vs. MCFIX

Return for Risk

SPUBX vs. AMFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPUBX
SPUBX Risk / Return Rank: 2323
Overall Rank
SPUBX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
SPUBX Sortino Ratio Rank: 2424
Sortino Ratio Rank
SPUBX Omega Ratio Rank: 2323
Omega Ratio Rank
SPUBX Calmar Ratio Rank: 2525
Calmar Ratio Rank
SPUBX Martin Ratio Rank: 2121
Martin Ratio Rank
AMFIX
AMFIX Risk / Return Rank: 6060
Overall Rank
AMFIX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
AMFIX Sortino Ratio Rank: 6464
Sortino Ratio Rank
AMFIX Omega Ratio Rank: 6666
Omega Ratio Rank
AMFIX Calmar Ratio Rank: 6969
Calmar Ratio Rank
AMFIX Martin Ratio Rank: 4747
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.

SPUBX vs. AMFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic US Fixed Income Fund (SPUBX) and AAMA Income Fund (AMFIX). 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.

SPUBXAMFIXDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.97

-0.77

Sortino ratioReturn per unit of downside risk
1.80
2.96

-1.17

Omega ratioGain probability vs. loss probability

1.22

1.40

-0.18

Calmar ratioReturn relative to maximum drawdown

1.60

2.97

-1.37

Martin ratioReturn relative to average drawdown

4.47

9.04

-4.57

SPUBX vs. AMFIX - Sharpe Ratio Comparison

The current SPUBX Sharpe Ratio is 1.20, which is lower than the AMFIX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of SPUBX and AMFIX, 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

SPUBX vs. AMFIX - Drawdown Comparison

The maximum SPUBX drawdown since its inception was -13.72%, which is greater than AMFIX's maximum drawdown of -9.35%. Use the drawdown chart below to compare losses from any high point for SPUBX and AMFIX.

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Drawdown Indicators

SPUBXAMFIXDifference

Max Drawdown

Largest peak-to-trough decline

-13.72%

-9.35%

-4.37%

Max Drawdown (1Y)

Largest decline over 1 year

-2.78%

-0.74%

-2.04%

Max Drawdown (3Y)

Largest decline over 3 years

-4.86%

-0.88%

-3.98%

Max Drawdown (5Y)

Largest decline over 5 years

-13.32%

-8.91%

-4.41%

Current Drawdown

Current decline from peak

-1.42%

-0.44%

-0.98%

Average Drawdown

Average peak-to-trough decline

-3.87%

-2.01%

-1.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.00%

0.24%

+0.76%

Volatility

SPUBX vs. AMFIX - Volatility Comparison

Symmetry Panoramic US Fixed Income Fund (SPUBX) has a higher volatility of 1.03% compared to AAMA Income Fund (AMFIX) at 0.46%. This indicates that SPUBX's price experiences larger fluctuations and is considered to be riskier than AMFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPUBXAMFIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.03%

0.46%

+0.57%

Volatility (6M)

Calculated over the trailing 6-month period

2.71%

0.92%

+1.79%

Volatility (1Y)

Calculated over the trailing 1-year period

3.71%

1.12%

+2.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.76%

2.18%

+2.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.14%

1.74%

+2.40%

SPUBX vs. AMFIX - Expense Ratio Comparison

SPUBX has a 0.45% expense ratio, which is lower than AMFIX's 0.92% expense ratio.

Dividends

SPUBX vs. AMFIX - Dividend Comparison

SPUBX's dividend yield for the trailing twelve months is around 4.29%, more than AMFIX's 2.21% yield.

PositionTTM202520242023202220212020201920182017
AMFIX
AAMA Income Fund		2.21%2.08%2.44%1.70%0.83%0.57%0.83%1.24%1.24%0.40%
SPUBX
Symmetry Panoramic US Fixed Income Fund		4.29%4.31%4.57%2.52%1.61%1.16%1.82%2.14%0.16%0.00%

Frequently Asked Questions

SPUBX and AMFIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPUBX has higher volatility (1.03%) compared to AMFIX (0.46%). In terms of maximum drawdown, SPUBX dropped -13.72% vs AMFIX's -9.35%.

AMFIX currently has the higher Sharpe Ratio (1.97 vs 1.20), 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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