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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.
 

PSRAE VS. TOP 20 ALTERNATIVE MUTUAL FUNDS (BY AUM)

February 2019 - January 2024
Fund Name Ticker Annualized Return Sharpe (0%) Beta Alpha (0%) Correlation
ProfitScore Regime-Adaptive Long/Short Equity Index PSRAE 15.93% 0.93 0.46 10.47 1.00
Goldman Sachs US Eq Div and Prem Instl GSPKX 11.52% 0.70 0.87 0.57 0.49
Virtus AlphaSimplex Mgd Futs Strat I ASFYX 9.79% 0.67 -0.24 14.39 -0.02
JPMorgan Equity Premium Income I JEPIX 9.51% 0.71 0.63 1.45 0.35
BlackRock High Equity Income Instl BMCIX 8.91% 0.51 0.85 -1.28 0.42
JPMorgan Hedged Equity A JHQAX 8.76% 0.89 0.43 3.17 0.49
Neuberger Berman Long Short Instl NLSIX 8.60% 0.99 0.38 3.58 0.41
AB Select US Long/Short Advisor ASYLX 8.42% 0.81 0.49 1.98 0.53
Diamond Hill Long-Short I DHLSX 7.57% 0.50 0.69 -0.85 0.36
AQR Diversified Arbitrage I ADAIX 7.46% 0.86 0.20 4.92 0.10
PIMCO TRENDS Managed Futures Strat Instl PQTIX 7.28% 0.60 -0.21 11.05 -0.04
AQR Managed Futures Strategy I AQMIX 7.10% 0.57 -0.30 12.23 -0.15
Abbey Capital Futures Strategy I ABYIX 7.10% 0.74 -0.14 9.51 -0.01
Catalyst/Millburn Hedge Strategy I MBXIX 7.03% 0.47 0.44 1.98 0.23
American Beacon AHL Mgd Futs Strat Y AHLYX 6.15% 0.56 -0.13 8.45 0.08
LoCorr Macro Strategies I LFMIX 5.91% 0.62 -0.05 6.92 0.00
Horizon Active Risk Assist® Investor ARANX 5.11% 0.36 0.68 -3.09 0.48
FS Multi-Strategy Alternatives I FSMSX 4.97% 1.04 0.10 3.60 0.03
Columbia Adaptive Risk Allocation Inst CRAZX 4.79% 0.44 0.46 -0.95 0.52
Goldman Sachs Tactical Tilt Overlay P GSLPX 4.35% 0.60 0.24 1.24 0.45
Goldman Sachs Absolute Ret Trckr Instl GJRTX 4.35% 0.50 0.36 -0.35 0.39
Average 5.96% 0.63 0.26 2.96 0.24
S&P 500 Index 12.37% 0.68 1.00 0.00 0.51
Barclay Hedge Fund Index 5.70% 0.60 0.41 0.44 0.37
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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