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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)

September 2019 - August 2024
Fund Name Ticker Annualized Return Sharpe (0%) Beta Alpha (0%) Correlation
ProfitScore Regime-Adaptive Long/Short Equity Index PSRAE 15.82% 0.93 0.45 9.84 1.00
Goldman Sachs US Eq Div and Prem Instl GSPKX 13.05% 0.80 0.87 0.65 0.47
BlackRock High Equity Income Instl BMCIX 10.59% 0.61 0.83 -0.72 0.40
JPMorgan Hedged Equity A JHQAX 10.48% 1.08 0.42 4.20 0.47
AB Select US Long/Short Advisor ASYLX 9.69% 0.94 0.49 2.43 0.51
JPMorgan Equity Premium Income I JEPIX 9.46% 0.71 0.64 0.39 0.32
Catalyst/Millburn Hedge Strategy I MBXIX 8.31% 0.56 0.40 3.21 0.19
Diamond Hill Long-Short I DHLSX 8.04% 0.54 0.67 -1.16 0.34
Horizon Active Risk Assist® Investor ARANX 7.95% 0.56 0.67 -1.39 0.46
Neuberger Berman Long Short Instl NLSIX 7.46% 0.87 0.37 2.01 0.38
AQR Diversified Arbitrage I ADAIX 7.33% 0.84 0.20 4.44 0.10
Virtus AlphaSimplex Mgd Futs Strat I ASFYX 5.47% 0.38 -0.26 10.57 -0.03
BlackRock Tactical Opportunities Instl PBAIX 5.39% 0.86 0.02 5.17 -0.07
AQR Managed Futures Strategy I AQMIX 5.27% 0.40 -0.31 11.05 -0.16
Columbia Adaptive Risk Allocation Inst CRAZX 4.96% 0.45 0.46 -1.54 0.51
Goldman Sachs Tactical Tilt Overlay P GSLPX 4.83% 0.68 0.23 1.42 0.43
Goldman Sachs Absolute Ret Trckr Instl GJRTX 4.61% 0.54 0.36 -0.63 0.37
BlackRock Systematic Multi-Strat Instl BIMBX 4.26% 0.70 0.17 1.79 0.29
Aspiriant Defensive Allocation RMDFX 4.18% 0.48 0.31 -0.22 0.33
PIMCO TRENDS Managed Futures Strat Instl PQTIX 4.16% 0.33 -0.23 8.51 -0.06
First Trust Merger Arbitrage Cl I VARBX 4.12% 1.21 0.05 3.38 0.02
Average 5.77% 0.61 0.25 2.46 0.22
S&P 500 Index 14.05% 0.77 1.00 0.00 0.50
Barclay Hedge Fund Index 6.55% 0.70 0.41 0.60 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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