Destinations Multi Strategy Alternatives Fund (DMSFX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DMSFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DMSFX
DMSFX charges 1.15% annually. There are 10 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | DMSFX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | DMSFX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | DMSFX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | DMSFX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | DMSFX vs WRPIX |
Best Risk-Adjusted Alternatives to DMSFX
DMSFX has a PortfoliosLab risk / return rank of 35. There are 39 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | DMSFX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | DMSFX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | DMSFX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | DMSFX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | DMSFX vs ADANX |
Top Performing DMSFX Alternatives (YTD)
DMSFX is at 0.62% YTD. There are 46 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.99% | — | Sep 2017 | DMSFX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.92% | — | Sep 2017 | DMSFX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.84% | — | Sep 2017 | DMSFX vs QRPNX | |
| Abbey Capital Multi Asset Fund Class I | 13.53% | — | Apr 2018 | DMSFX vs MAFIX | |
| AQR Style Premia Alternative R6 | 12.86% | — | Sep 2014 | DMSFX vs QSPRX |
Lowest Volatility Alternatives to DMSFX
DMSFX has 2.77% 1-year volatility. There are 10 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | DMSFX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.40% | — | Jan 2009 | DMSFX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.43% | — | Jan 2009 | DMSFX vs ADANX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 1.43% | — | Feb 2018 | DMSFX vs TALTX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.70% | — | Feb 2018 | DMSFX vs TMSRX |
Lowest Drawdown Alternatives to DMSFX
DMSFX has a 1-year max drawdown of -2.47%. There are 18 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | DMSFX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | DMSFX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | DMSFX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | DMSFX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | DMSFX vs TMSRX |
Other Mutual Funds from Destinations Funds
The 7 most viewed Destinations Funds mutual funds shown here include DLDFX, DGFFX, DGEFX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Destinations Low Duration Fixed Income Fund | Short-Term Bond | 94 | 1.61% | — | Mar 2017 | DMSFX vs DLDFX | |
| Destinations Global Fixed Income Opportunities Fun... | Global Bonds | 98 | 2.55% | — | Mar 2017 | DMSFX vs DGFFX | |
| Destinations Equity Income Fund | Large Cap Value Equities | 59 | 8.28% | — | Mar 2017 | DMSFX vs DGEFX | |
| Destinations Small-Mid Cap Equity Fund | Mid Cap Blend Equities | 77 | 18.80% | — | Mar 2017 | DMSFX vs DSMFX | |
| Destinations Core Fixed Income Fund | Intermediate Core-Plus Bond | 23 | 0.39% | — | Mar 2017 | DMSFX vs DCFFX | |
| Destinations International Equity Fund | Foreign Large Cap Equities | 56 | 16.96% | — | Mar 2017 | DMSFX vs DIEFX | |
| Destinations Large Cap Equity Fund | Large Cap Blend Equities | 42 | 7.52% | — | Mar 2017 | DMSFX vs DLCFX |
Often Compared With DMSFX
Investors most often compare DMSFX with SHRIX, GFSYX, TNMIX. These 8 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 98 | 1.46% | — | Feb 2013 | DMSFX vs SHRIX | |
| GuideStone Funds Strategic Alternatives Fund | Multistrategy | 18 | 0.11% | — | Jun 2017 | DMSFX vs GFSYX | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 89 | 10.73% | — | Jul 2015 | DMSFX vs TNMIX | |
| AQR Style Premia Alternative Fund | Multistrategy | 50 | 12.83% | — | Oct 2013 | DMSFX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | Multistrategy | 49 | 12.78% | — | Oct 2013 | DMSFX vs QSPNX | |
| John Hancock Funds Alternative Asset Allocation Fu... | Multistrategy | 95 | 6.37% | — | Jan 2009 | DMSFX vs JAAAX | |
| FS Credit Income Fund Class I | Multistrategy | 96 | 2.90% | — | Nov 2017 | DMSFX vs FCRIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 65 | 11.00% | — | Aug 2019 | DMSFX vs SYMIX |
Compare DMSFX with Any Fund or Stock
Compare DMSFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DMSFX with funds that move differently
Destinations Multi Strategy Alternatives Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DMSFX.
Explore DMSFX Diversifiers