SUNBX vs. KAMIX
SUNBX (Spectrum Unconstrained Fund) and KAMIX (Kensington Managed Income Fund) are both Nontraditional Bonds funds from Advisors Preferred. Over the past 3 years, SUNBX returned 6.21%/yr vs 5.28%/yr for KAMIX. A 0.60 correlation means they provide meaningful diversification when combined. SUNBX charges 2.43%/yr vs 1.36%/yr for KAMIX.
Performance
SUNBX vs. KAMIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SUNBX achieves a 1.57% return, which is significantly lower than KAMIX's 1.93% return.
SUNBX
- 1D
- 0.20%
- 1M
- 1.41%
- YTD
- 1.57%
- 6M
- 1.82%
- 1Y
- 7.43%
- 3Y*
- 6.21%
- 5Y*
- 3.33%
- 10Y*
- —
KAMIX
- 1D
- 0.21%
- 1M
- 0.72%
- YTD
- 1.93%
- 6M
- 2.20%
- 1Y
- 6.55%
- 3Y*
- 5.28%
- 5Y*
- —
- 10Y*
- —
SUNBX vs. KAMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SUNBX Spectrum Unconstrained Fund | 1.57% | 8.31% | 1.35% | 10.83% | 0.11% |
KAMIX Kensington Managed Income Fund | 1.93% | 4.32% | 4.38% | 3.96% | -2.13% |
Correlation
The correlation between SUNBX and KAMIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2022 | 0.60 |
The correlation between SUNBX and KAMIX has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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
SUNBX vs. KAMIX — Risk / Return Rank
SUNBX
KAMIX
SUNBX vs. KAMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Unconstrained Fund (SUNBX) and Kensington Managed Income Fund (KAMIX). 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.
| SUNBX | KAMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.66 | -0.69 |
| Martin ratioReturn relative to average drawdown | 4.95 | 11.98 | -7.03 |
Loading charts...
Drawdowns
SUNBX vs. KAMIX - Drawdown Comparison
The maximum SUNBX drawdown since its inception was -10.36%, which is greater than KAMIX's maximum drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for SUNBX and KAMIX.
Loading charts...
Drawdown Indicators
| SUNBX | KAMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.36% | -6.11% | -4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -2.55% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.84% | -4.35% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -10.36% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.10% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -2.13% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.57% | +0.96% |
Volatility
SUNBX vs. KAMIX - Volatility Comparison
Spectrum Unconstrained Fund (SUNBX) has a higher volatility of 1.87% compared to Kensington Managed Income Fund (KAMIX) at 1.09%. This indicates that SUNBX's price experiences larger fluctuations and is considered to be riskier than KAMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SUNBX | KAMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.09% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 2.57% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 3.16% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 3.81% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 3.81% | +1.21% |
SUNBX vs. KAMIX - Expense Ratio Comparison
SUNBX has a 2.43% expense ratio, which is higher than KAMIX's 1.36% expense ratio.
Dividends
SUNBX vs. KAMIX - Dividend Comparison
SUNBX's dividend yield for the trailing twelve months is around 2.80%, less than KAMIX's 5.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KAMIX Kensington Managed Income Fund | 5.59% | 4.57% | 5.60% | 4.15% | 0.75% | 0.00% |
SUNBX Spectrum Unconstrained Fund | 2.80% | 2.84% | 3.75% | 2.81% | 0.00% | 8.52% |
Frequently Asked Questions
SUNBX and KAMIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SUNBX has higher volatility (1.87%) compared to KAMIX (1.09%). In terms of maximum drawdown, SUNBX dropped -10.36% vs KAMIX's -6.11%.
KAMIX currently has the higher Sharpe Ratio (2.15 vs 1.75), 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 SUNBX and KAMIX
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