ICON LONG/SHORT Competition
| IOLZX Fund | USD 27.49 0.30 1.10% |
Correlation: ICON LONG/SHORT vs Fidelity SAI View
Poor diversification
The correlation between IOLZX and FSAWX is 0.66, which Macroaxis classifies as Poor diversification for the selected horizon. 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 ICON Mutual Fund
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICON LONG/SHORT's price to converge to an average value over time is called mean reversion.
ICON LONG/SHORT Competition Correlation Matrix
Reviewing how Icon Longshort Fund moves relative to competing funds can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.
| 0.67 | 0.48 | 1.0 | 0.86 | 0.63 | XNCZX | ||
| 0.67 | 0.78 | 0.67 | 0.84 | 0.7 | VAADX | ||
| 0.48 | 0.78 | 0.46 | 0.62 | 0.81 | ARBOX | ||
| 1.0 | 0.67 | 0.46 | 0.85 | 0.61 | XNCVX | ||
| 0.86 | 0.84 | 0.62 | 0.85 | 0.71 | PRCCX | ||
| 0.63 | 0.7 | 0.81 | 0.61 | 0.71 | FSAWX | ||
Risk-Adjusted Indicators
There is a big difference between ICON Mutual Fund performing well and ICON LONG/SHORT 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 ICON LONG/SHORT'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XNCZX | 0.80 | -0.03 | 0.00 | 0.28 | 0.00 | 1.70 | 5.24 | |||
| VAADX | 0.91 | 0.21 | 0.22 | 0.24 | 0.75 | 1.65 | 13.94 | |||
| ARBOX | 0.11 | 0.00 | 1.11 | 0.00 | 0.00 | 0.17 | 3.52 | |||
| XNCVX | 0.76 | -0.03 | 0.00 | 0.34 | 0.00 | 1.59 | 5.08 | |||
| PRCCX | 0.78 | 0.06 | 0.06 | 0.04 | 0.95 | 1.56 | 5.11 | |||
| FSAWX | 0.10 | 0.01 | 0.07 | -0.56 | 0.22 | 0.19 | 0.91 |
ICON LONG/SHORT Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
ICON LONG/SHORT Competition Peer Performance Charts
How to Analyze ICON LONG/SHORT Against Peers
ICON LONG/SHORT's peer analysis compares ICON LONG/SHORT 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 ICON LONG/SHORT 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 ICON LONG/SHORT leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
The peer benchmarking view for ICON LONG/SHORT is most useful when filtered by business model similarity rather than just sector classification, which can be too broad to be actionable. Relative comparison helps show where ICON LONG/SHORT is stronger or weaker against peers.
Unless otherwise specified, data for Icon Longshort Fund is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.