Top 20 Alt Funds

When compared against all of the alternative mutual funds cataloged in the Morningstar database, the ProfitScore Regime-Adaptive Long/Short Equity Index is the #1 Top Performer by average annual rate of return since 2019. Most investment capital allocated to alternative strategies predominantly flows into the largest funds. The following table presents a comparative analysis between the ProfitScore Regime-Adaptive Long/Short Equity Index (PSRAE) and the top 20 largest alternative mutual funds.


July 2019 - June 2024
Fund Name Ticker Annualized Return Sharpe (0%) Beta Alpha (0%) Correlation
ProfitScore Regime-Adaptive Long/Short Equity Index PSRAE 16.57% 0.97 0.45 10.93 1.00
Goldman Sachs US Eq Div and Prem Instl GSPKX 12.14% 0.74 0.87 0.53 0.47
JPMorgan Hedged Equity A JHQAX 9.76% 1.01 0.42 3.85 0.47
Virtus AlphaSimplex Mgd Futs Strat I ASFYX 9.04% 0.62 -0.26 14.14 -0.04
AB Select US Long/Short Advisor ASYLX 8.93% 0.87 0.49 2.11 0.51
JPMorgan Equity Premium Income I JEPIX 8.78% 0.66 0.63 0.31 0.33
BlackRock High Equity Income Instl BMCIX 8.60% 0.50 0.83 -1.92 0.40
Catalyst/Millburn Hedge Strategy I MBXIX 8.57% 0.57 0.41 3.63 0.18
AQR Managed Futures Strategy I AQMIX 8.34% 0.65 -0.32 14.04 -0.18
Neuberger Berman Long Short Instl NLSIX 7.41% 0.87 0.37 2.30 0.39
Diamond Hill Long-Short I DHLSX 7.39% 0.50 0.68 -1.28 0.34
AQR Diversified Arbitrage I ADAIX 6.94% 0.79 0.20 4.22 0.10
American Beacon AHL Mgd Futs Strat Y AHLYX 6.85% 0.61 -0.13 9.42 0.06
Horizon Active Risk Assist® Investor ARANX 6.71% 0.47 0.67 -2.03 0.46
Abbey Capital Futures Strategy I ABYIX 6.41% 0.66 -0.17 9.35 -0.05
PIMCO TRENDS Managed Futures Strat Instl PQTIX 6.17% 0.50 -0.24 10.41 -0.07
LoCorr Macro Strategies I LFMIX 5.59% 0.59 -0.08 7.07 -0.05
BlackRock Tactical Opportunities Instl PBAIX 5.05% 0.79 0.03 4.79 -0.07
Columbia Adaptive Risk Allocation Inst CRAZX 4.47% 0.40 0.46 -1.61 0.51
Goldman Sachs Absolute Ret Trckr Instl GJRTX 4.40% 0.51 0.36 -0.54 0.37
First Trust Merger Arbitrage Cl I VARBX 4.22% 1.24 0.05 3.52 0.02
Average 5.95% 0.62 0.25 2.88 0.22
S&P 500 Index 13.17% 0.72 1.00 0.00 0.50
Barclay Hedge Fund Index 5.99% 0.63 0.41 0.38 0.36
Source: Morningstar

The ProfitScore Regime-Adaptive Long/Short Equity Index is licensed to AXS Investments, LLC, which created the AXS Adaptive Plus Fund (AXSPX) around the PSRAE Index.

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