SYMIX vs. SHRIX

Last updated Aug 1, 2026

SYMIX (AlphaCentric Symmetry Strategy Fund Class I) and SHRIX (Stone Ridge High Yield Reinsurance Risk Premium Fund Class I) are both Multistrategy funds. Over the past 5 years, SYMIX returned 7.61%/yr vs 9.22%/yr for SHRIX. Their 0.03 correlation means their historical movements had little consistent relationship. SYMIX charges 1.69%/yr vs 1.76%/yr for SHRIX.

Performance

SYMIX vs. SHRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AlphaCentric Symmetry Strategy Fund Class I (SYMIX) and Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYMIX achieves a 11.07% return, which is significantly higher than SHRIX's 3.08% return.

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%

SHRIX

• 1D: 0.00%
• 1M: 0.79%
• 6M: 2.27%
• YTD: 3.08%
• 1Y: 11.30%
• 3Y*: 12.82%
• 5Y*: 9.22%
• 10Y*: —
• ALL TIME*: 5.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I	$0.00	$0.00	$0.00
SYMIX AlphaCentric Symmetry Strategy Fund Class I	$0.00	$0.00	$0.00

SYMIX vs. SHRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SYMIX AlphaCentric Symmetry Strategy Fund Class I	11.07%	12.36%	7.61%	0.93%	6.09%	14.07%	-2.60%	0.06%
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I	3.08%	10.70%	16.73%	21.07%	-3.37%	1.88%	6.86%	1.56%

Correlation

The correlation between SYMIX and SHRIX is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (3Y) Balances recent behavior with more history.	0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.02
Correlation (All Time) Calculated using the full available price history since Aug 19, 2019	0.03

The correlation between SYMIX and SHRIX shifts across timeframes, from 0.02 (5 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SYMIX vs. SHRIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SYMIX

SYMIX Risk / Return Rank: 82
SYMIX Sharpe Ratio Rank: 82
SYMIX Sortino Ratio Rank: 77
SYMIX Omega Ratio Rank: 77
SYMIX Calmar Ratio Rank: 91
SYMIX Martin Ratio Rank: 83

SHRIX

SHRIX Risk / Return Rank: 99
SHRIX Sharpe Ratio Rank: 100
SHRIX Sortino Ratio Rank: 98
SHRIX Omega Ratio Rank: 100
SHRIX Calmar Ratio Rank: 98
SHRIX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SYMIX vs. SHRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Symmetry Strategy Fund Class I (SYMIX) and Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX). 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.

	SYMIX	SHRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	4.89	-2.93
Sortino ratio: Return per unit of downside risk	2.64	5.64	-3.01
Omega ratio: Gain probability vs. loss probability	1.35	4.73	-3.39
Calmar ratio: Return relative to maximum drawdown	3.48	6.13	-2.65
Martin ratio: Return relative to average drawdown	10.19	21.28	-11.09

SYMIX vs. SHRIX - Sharpe Ratio Comparison

The current SYMIX Sharpe Ratio is 1.96, which is lower than the SHRIX Sharpe Ratio of 4.89. The chart below compares the historical Sharpe Ratios of SYMIX and SHRIX, 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

SYMIX vs. SHRIX - Drawdown Comparison

The maximum SYMIX drawdown since its inception was -17.44%, which is greater than SHRIX's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for SYMIX and SHRIX.

Drawdown Indicators

	SYMIX	SHRIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-14.34%	-3.10%
Max Drawdown (1Y) Largest decline over 1 year	-6.50%	-1.87%	-4.63%
Max Drawdown (3Y) Largest decline over 3 years	-12.03%	-6.91%	-5.12%
Max Drawdown (5Y) Largest decline over 5 years	-12.20%	-12.69%	+0.49%
Current Drawdown Current decline from peak	-1.22%	0.00%	-1.22%
Average Drawdown Average peak-to-trough decline	-4.16%	-2.03%	-2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	0.54%	+1.68%

Volatility

SYMIX vs. SHRIX - Volatility Comparison

AlphaCentric Symmetry Strategy Fund Class I (SYMIX) has a higher volatility of 2.17% compared to Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) at 0.25%. This indicates that SYMIX's price experiences larger fluctuations and is considered to be riskier than SHRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYMIX	SHRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	0.25%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	2.02%	+7.07%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	2.35%	+9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.80%	6.27%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	6.24%	+4.75%

SYMIX vs. SHRIX - Expense Ratio Comparison

SYMIX has a 1.69% expense ratio, which is lower than SHRIX's 1.76% expense ratio.

Dividends

SYMIX vs. SHRIX - Dividend Comparison

SYMIX has not paid dividends to shareholders, while SHRIX's dividend yield for the trailing twelve months is around 11.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I	11.10%	10.92%	14.34%	12.34%	3.89%	4.61%	6.34%	5.06%	5.09%	0.35%
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%

Frequently Asked Questions

Can I hold both SYMIX and SHRIX in my portfolio?

SYMIX and SHRIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SYMIX or SHRIX?

SYMIX has higher volatility (2.17%) compared to SHRIX (0.25%). In terms of maximum drawdown, SYMIX dropped -17.44% vs SHRIX's -14.34%.

Which has better risk-adjusted returns?

SHRIX currently has the higher Sharpe Ratio (4.89 vs 1.96), 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.