ALPHACENTRIC INCOME Competition

IOFAX Fund

USD 7.26 -0.03 -0.41%

The fund is listed under the Multisector Bond category and is part of the AlphaCentric Funds family. Alphacentric Income shares competitive overlap with ALPINE HIGH, Transamerica High, RIVERPARK SHORT, Dunham High, and WESTWOOD SHORT and similar firms. Peer grouping adds structure to comparative analysis across the sector. Relative analysis here focuses on where ALPHACENTRIC INCOME is stronger or weaker than peers. This module tests whether ALPHACENTRIC INCOME has durable advantages versus sector peers. Relative context can reveal strengths or weaknesses hidden in absolute numbers. All values are presented as reference data.

Correlation: ALPHACENTRIC INCOME vs Franklin High Summary

Poor diversification

Across the chosen horizon, IOFAX and FHYRX show a correlation of 0.73 and fall into the Poor diversification bucket. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.

Moving together with ALPHACENTRIC Mutual Fund

0.64	LYFAX	Alphacentric Lifesci	Pair Corr
0.85	IOFCX	Alphacentric Income	Pair Corr

Moving against ALPHACENTRIC Mutual Fund

0.54	GNXAX	Alphacentric Global	Pair Corr
0.51	GNXCX	Alphacentric Global	Pair Corr
0.5	GNXIX	Alphacentric Global	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ALPHACENTRIC INCOME's price to converge to an average value over time is called mean reversion.

Hype

Prediction

Low	Estimated	High
7.05	7.27	7.49

Details

Intrinsic

Valuation

Low	Real	High
7.05	7.27	7.49

Details

Naive

Forecast

Low	Next	High
7.04	7.26	7.48

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
7.25	7.34	7.43

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as ALPHACENTRIC INCOME. Your research has to be compared to or analyzed against ALPHACENTRIC INCOME's peers to derive any actionable benefits.

ALPHACENTRIC INCOME Competition Correlation Matrix

Reviewing how Alphacentric Income Opportunities moves relative to competing funds can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. The current classification points to the Multisector Bond category. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.

	AHYMX	INCLX	RPHYX	DNHYX	WHGHX	NHCCX	FHYRX
AHYMX		0.74	0.76	0.72	0.79	0.96	0.98	AHYMX
INCLX	0.74		0.38	0.88	0.84	0.68	0.71	INCLX
RPHYX	0.76	0.38		0.39	0.44	0.75	0.81	RPHYX
DNHYX	0.72	0.88	0.39		0.94	0.65	0.71	DNHYX
WHGHX	0.79	0.84	0.44	0.94		0.73	0.78	WHGHX
NHCCX	0.96	0.68	0.75	0.65	0.73		0.98	NHCCX
FHYRX	0.98	0.71	0.81	0.71	0.78	0.98		FHYRX
	AHYMX	INCLX	RPHYX	DNHYX	WHGHX	NHCCX	FHYRX

Risk-Adjusted Indicators

There is a big difference between ALPHACENTRIC Mutual Fund performing well and ALPHACENTRIC INCOME Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ALPHACENTRIC INCOME's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AHYMX	0.08	0.00	0.36	-0.13	0.06	-0.16	0.22	-0.22	0.89
INCLX	0.12	-0.01	0.35	2.19	0.14	-0.20	0.25	-0.25	1.12
RPHYX	0.03	0.01	0.00	0.88	0.00	0.00	0.10	0.00	0.42
DNHYX	0.12	0.00	0.35	-0.04	0.14	-0.17	0.23	-0.34	0.81
WHGHX	0.19	0.01	0.23	-0.04	0.26	-0.22	0.40	-0.49	1.18
NHCCX	0.15	0.01	0.26	0.02	0.19	-0.19	0.43	-0.42	1.39
FHYRX	0.11	0.01	0.29	0.32	0.08	-0.16	0.23	-0.34	1.23

ALPHACENTRIC INCOME Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	IOFAX	AHYMX	INCLX	RPHYX	DNHYX	WHGHX	NHCCX	FHYRX
	0.41 7.26 ALPHACENTRIC	0.22 8.98 ALPINE	0.12 8.02 Transamerica	0.10 9.65 RIVERPARK	0.46 8.60 Dunham	0.30 10.09 WESTWOOD	0.42 14.22 NUVEEN	0.34 8.91 Franklin
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Weak	Contained	Weak	Constructive	Weak	Weak	Contained	Moderate
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Hold	Strong Hold	Hold	Hold	Hold	Hold	Strong Hold
Net Asset	236.94 M	31.63 M	841.59 M	646.95 M	242.28 M	95.54 M	12.84 B	6.41 B
Minimum Initial Investment	N/A	N/A	N/A	N/A	100 K	N/A	N/A	N/A
Price To Book	N/A	N/A	N/A	N/A	N/A	N/A	8.54 X	N/A
Five Year Return	-2.83 %	0.70 %	2.59 %	4.06 %	4.40 %	4.56 %	-0.25 %	1.39 %
One Year Return	7.05 %	2.20 %	6.35 %	4.31 %	6.53 %	9.33 %	1.99 %	4.37 %
Last Dividend Paid	0.04	0.02	0.03	0.01	0.03	0.03	0.06	0.03
Price To Earning	N/A	N/A	N/A	N/A	N/A	N/A	10.30 X	N/A
Price To Sales	N/A	N/A	N/A	N/A	N/A	N/A	1.16 X	N/A
Cash Position Weight	3.13 %	4.65 %	0.76 %	21.78 %	4.27 %	1.44 %	0.08 %	0.66 %
Equity Positions Weight	N/A	N/A	0.09 %	16.12 %	N/A	18.75 %	8.71 %	N/A
Three Year Return	0.78 %	3.16 %	7.40 %	5.11 %	9.17 %	9.76 %	2.63 %	5.51 %
Annual Yield	0.08 %	0.002 %	0.06 %	0.05 %	0.06 %	0.06 %	0.05 %	0.0036 %
Year To Date Return	0.64 %	0.51 %	0.0046 %	0.78 %	0.43 %	0.98 %	0.61 %	0.93 %
Bond Positions Weight	N/A	2.28 %	13.09 %	10.12 %	93.88 %	8.83 %	8.76 %	8.12 %
Ten Year Return	N/A	N/A	4.90 %	N/A	5.05 %	N/A	5.58 %	4.26 %
Day Typical Price	7.26	8.98	8.02	9.65	8.6	10.09	14.22	8.91
Period Momentum Indicator	-0.03	-0.02	-0.01	0.01	-0.04	-0.03	-0.06	-0.03
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	7.26	8.98	8.02	9.65	8.6	10.09	14.22	8.91
Price Action Indicator	-0.01	-0.01	-0.01	0.005	-0.02	-0.01	-0.03	-0.01
Relative Strength Index	39.17	45.07	41.01	76.78	39.73	39.71	46.56	45.66
Coefficient Of Variation	-2,707	1583.32	113463.39	351.41	3083.14	77662.55	2124.57	855.71
Mean Deviation	0.1565	0.083	0.1201	0.0331	0.1219	0.1929	0.1483	0.1122
Jensen Alpha	-0.01	-0.0005	-0.01	0.0064	0.0041	0.0107	0.0053	0.0136
Total Risk Alpha	0.0053	0.013	0.0093	0.0117	0.0134	0.0183	0.0259	0.0297
Sortino Ratio	N/A	0.3649	0.3539	N/A	0.3511	0.2317	0.261	0.2937
Downside Variance	N/A	0.0525	0.0451	N/A	0.0525	0.1058	0.1085	0.1062
Standard Deviation	0.2189	0.1354	0.1791	0.0555	0.1675	0.2614	0.2329	0.1771
Kurtosis	1.0	3.0	2.51	12.32	0.844	0.3552	2.7	4.28
Potential Upside	0.2751	0.2232	0.2469	0.1045	0.2328	0.396	0.4252	0.2257
Treynor Ratio	-0.27	-0.13	2.19	0.8787	-0.04	-0.04	0.0187	0.3166
Maximum Drawdown	1.1	0.8869	1.12	0.4162	0.8094	1.18	1.39	1.23
Variance	0.0479	0.0183	0.0321	0.0031	0.0281	0.0683	0.0542	0.0314
Market Risk Adjusted Performance	-0.26	-0.12	2.2	0.8887	-0.03	-0.03	0.0287	0.3266
Risk Adjusted Performance	-0.06	0.0015	-0.03	0.093	-0.01	-0.02	0.0133	0.058
Skewness	0.0227	-0.19	0.4492	2.66	-0.58	-0.28	-0.43	-0.73
Semi Deviation	N/A	0.0596	0.1446	N/A	0.1392	0.2593	0.1932	0.0819
Information Ratio	0.3057	0.6173	0.4197	1.64	0.4803	0.2883	0.3693	0.5404
Value At Risk	-0.41	-0.22	-0.25	N/A	-0.34	-0.49	-0.42	-0.34
Expected Short fall	N/A	-0.16	-0.20	N/A	-0.17	-0.22	-0.19	-0.16
Downside Deviation	N/A	0.2291	0.2125	N/A	0.2292	0.3253	0.3295	0.3259
Semi Variance	N/A	0.0035	0.0209	N/A	0.0194	0.0672	0.0373	0.0067

ALPHACENTRIC INCOME Competition Peer Performance Charts

How to Analyze ALPHACENTRIC INCOME Against Peers

ALPHACENTRIC INCOME's peer analysis compares ALPHACENTRIC INCOME with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether ALPHACENTRIC INCOME trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where ALPHACENTRIC INCOME leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

The competition view for ALPHACENTRIC INCOME includes correlation data, showing which peers are financially similar and which ones move together in the market. Liquidity and float comparison across ALPHACENTRIC INCOME's peers frames which names in the competitive set are more or less accessible for large positions. Standalone ratios for ALPHACENTRIC INCOME can be misleading without the industry context that peer comparison provides. Relative comparison helps show where ALPHACENTRIC INCOME is stronger or weaker against peers.

Unless otherwise specified, data for Alphacentric Income Opportunities is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board

Last reviewed on March 19th, 2026

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ALPHACENTRIC INCOME Competition

Correlation: ALPHACENTRIC INCOME vs Franklin High Summary

Moving together with ALPHACENTRIC Mutual Fund

Moving against ALPHACENTRIC Mutual Fund

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ALPHACENTRIC INCOME Competition Correlation Matrix

Risk-Adjusted Indicators

ALPHACENTRIC INCOME Competitive Analysis

ALPHACENTRIC INCOME Competition Peer Performance Charts

How to Analyze ALPHACENTRIC INCOME Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

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