Why I like certain alternative investments

keppelbay said:
Likewise.... I sold 1/4 of QLENX yesterday. Debating what to do with the cash, so I'd be interested to hear what other alternatives you choose.
thx
Click to expand...
If you poke around a bit, you’ll find it. It finished only a little over a percent below QLENX in the 3 year time frame and it is off to a decent YTD start. Not an ORR type start, but not QLENX either.
 
COcheesehead said:
If you poke around a bit, you’ll find it. It finished only a little over a percent below QLENX in the 3 year time frame and it is off to a decent YTD start. Not an ORR type start, but not QLENX either.
Click to expand...
Did you post the fund in this thread?
 
Just thinking out loud here.
EGRIX has already lost -0.75% from its last top. It's getting closer to my sell signal.
I also noticed that EIDOX another good EM run by Eaton Vance, lost last week, while AGEYX didn't.
The Eaton Vance team manages EIGMX, EGRIX, and EIDOX.
Switching from EGRIX to EIGMX is an easy choice. EIGMX still lost -0.35%.

The other fund I owned gained last week.

Looking at worst-case scenarios and my goals (making the highest performance with the lowest SD).
I'm already at 4.2% YTD. If I just make 0.5% every month until year-end, it's over 9%.
Suppose I wanted an ALT fund with good LT risk-adjusted performance. I can park my money there for weeks.
I did a fund screener at Fidelity (link) for ALT, Misc, and nontrad + Sharpe>1 + YTD>1%

Looks like ARBIX=Absolute Convertible Arbitrage Fund fits the bill. It has the lowest SD by far.
It pays distributions only in Dec. For me it's another good one in a taxable account.
(link) The Absolute Convertible Arbitrage Fund [ARBIX / ARBOX] seeks to achieve positive absolute returns over the long-term with low volatility when compared to traditional market indices. To achieve this, the Fund takes advantage of the relationship between a company’s convertible bonds and its common stock in order to pursue value across credit, income and volatility factors.
The Fund is designed to complement either the alternatives or fixed income sleeve of a diversified portfolio and may be attractive to investors seeking moderate return with relatively low volatility.

I can do the usual at Schwab. Buy ARBIX for just $20 with no fees. The next day add more with Auto investing for just $10.

One-year chart. I would take 8% with low SD for a partial of my portfolio any time.
Remember the past is the past; it's a good reference, but not always. The risk/reward is a given.
I'm looking at the future. A 1.7% YTD could be an "easy" 9-10% for 2026.
Basically, looking for worst cases but striving to make more NOW based on CURRENT markets.
Disclaimer: the above isn't a recommendation; do your own DD, I might own it or not and will trade without giving any notice.

1771783130842.png


Now watch the YTD chart.

1771783183408.png


ARBIX risk From M* (https://www.morningstar.com/funds/xnas/arbix/risk)
1771782914433.png
 
Last edited:
FD1000 said:
Just thinking out loud here.
EGRIX has already lost -0.75% from its last top. It's getting closer to my sell signal.
I also noticed that EIDOX another good EM run by Eaton Vance, lost last week, while AGEYX didn't.
The Eaton Vance team manages EIGMX, EGRIX, and EIDOX.
Switching from EGRIX to EIGMX is an easy choice. EIGMX still lost -0.35%.

The other fund I owned gained last week.

Looking at worst-case scenarios and my goals (making the highest performance with the lowest SD).
I'm already at 4.2% YTD. If I just make 0.5% every month until year-end, it's over 9%.
Suppose I wanted an ALT fund with good LT risk-adjusted performance. I can park my money there for weeks.
I did a fund screener at Fidelity (link) for ALT, Misc, and nontrad + Sharpe>1 + YTD>1%

Looks like ARBIX=Absolute Convertible Arbitrage Fund fits the bill. It has the lowest SD by far.
It pays distributions only in Dec. For me it's another good one in a taxable account.
(link) The Absolute Convertible Arbitrage Fund [ARBIX / ARBOX] seeks to achieve positive absolute returns over the long-term with low volatility when compared to traditional market indices. To achieve this, the Fund takes advantage of the relationship between a company’s convertible bonds and its common stock in order to pursue value across credit, income and volatility factors.
The Fund is designed to complement either the alternatives or fixed income sleeve of a diversified portfolio and may be attractive to investors seeking moderate return with relatively low volatility.

I can do the usual at Schwab. Buy ARBIX for just $20 with no fees. The next day add more with Auto investing for just $10.

One-year chart. I would take 8% with low SD for a partial of my portfolio any time.
Remember the past is the past; it's a good reference, but not always. The risk/reward is a given.
I'm looking at the future. A 1.7% YTD could be an "easy" 9-10% for 2026.
Basically, looking for worst cases but striving to make more NOW based on CURRENT markets.
Disclaimer: the above isn't a recommendation; do your own DD, I might own it or not and will trade without giving any notice.

View attachment 61907

Now watch the YTD chart.

View attachment 61908

ARBIX risk From M* (https://www.morningstar.com/funds/xnas/arbix/risk)
View attachment 61906
Click to expand...
Yep, EGRAX has developed a kink, but from a superior position. Interesting thoughts.

IMG_1191.jpeg
 
Seems to me that if both EGRIX and EIGMX go into a downtrend, confirmed or well suspected, then the easy-choice switch wouldn't be into the one that is losing less but into something that isn't losing at all, like an MM, while waiting for the smoke to clear, since losing is still losing. Also, as you suggest, holding ARBIX in taxable makes sense only (give or take) if you think you'll have traded out of it before its December distribution date, which in the scenario you've postulated does indeed seem to be the intent. Hmmm. Maybe all of the above is what you said and I just had to restate it to clarify it for myself. Probably.
 
Upon reviewing it again, I confirmed that ARBIX distributes dividends twice a year, in June and December, with the December payout typically being significantly larger. For 2024–2025, the total annual payout was approximately 5.5%.
I only allocate to money market funds when market risk is exceptionally high and I prefer to stay on the sidelines. Otherwise, I remain fully invested, as my portfolio has consistently outperformed money markets each year by a lot, including 2022. Ultimately, the right approach depends on your individual goals, risk tolerance, and investment style.
I used to own HOSIX/HOSAX for a year and a half during 2023-4. The fund still has a good high Sharpe but no longer has high performance. I want both. SEMIX/SEMRX is another good one.
I have been following ARBIX,SEMIX,HOSIX and many other high Sharpe ratio bond funds for years.
Right NOW ARBIX is better.

A trader doesn't care about the past, only about now. I have owned EGRIX since 04/2025. A trader doesn't mean I trade every week/month. I trade according to what markets and charts show me CURRENTLY.

1771856676979.png


Below are distributions since 2022.
1771856137806.png
 
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Fidelity let you add ETFs to the fund screener.
I looked for ALT, Misc, and nontrad + Sharpe>1 + YTD>1%
This is the one without it (link).

This is with ETFs (link).

1771879332352.png
 
I ran it for ALL funds with Sharpe>1 and YTD>1%. Then sorted by Sharpe. See (link).
Interesting funds = QNZIX, TIBIX(I mentioned it), PRPFX(permanent portfolio).

First, the fund performance.

1771881954636.png


Second, the same funds as above with SD + Sharpe.
1771881833693.png
 
ORR
JAKRX
EGRAX
All up on a relatively down day.
Something to take note of.
QLENX continues its meh path.
 
All my equity funds at a glance. The top four have produced returns almost equal to a year in just two months. The bottom one, sigh, but I sold half of it a few weeks ago and redeployed into the other four.

IMG_1197.jpeg
 
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