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Destinations Multi Strategy Alternatives Fund (DMSFX) Sharpe Ratio: 1.41

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks capital appreciation with reduced correlation to equity and fixed income markets. The adviser employs a strategy intended to generate long term growth across market cycles with reduced correlation to the equity and fixed income markets. The adviser employs a "multi-manager" strategy whereby the Adviser allocates the fund's assets among professional money managers, each of which is responsible for investing its allocated portion of the fund's assets. The fund may invest a significant portion of its assets in a particular geographic region or country, including emerging markets countries.

DMSFX's Sharpe Ratio of 1.41 indicates that for each unit of volatility, it generates 1.41 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

DMSFX Sharpe Ratio Rank

DMSFX Sharpe Ratio Rank: 27.828
Below Average

DMSFX ranks above 27.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

DMSFX Sharpe Ratio Market Positioning

The chart shows DMSFX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.29+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Destinations Multi Strategy Alternatives Fund's Sharpe Ratio with other mutual funds in the Multistrategy category across multiple time periods, showing how DMSFX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SRRIXStone Ridge Reinsurance Risk Premium Interval Fund14.28
ARBIXAbsolute Convertible Arbitrage Fund Institutional Shares8.00
FSLTXStrategic Advisers Alternatives Fund5.58
SHRIXStone Ridge High Yield Reinsurance Risk Premium Fund Class I5.23
BXMIXBlackstone Alternative Multi-Strategy Fund4.81
ADAIXAQR Diversified Arbitrage Fund Class I4.58
ADANXAQR Diversified Arbitrage Fund Class N4.33
RMDFXAspiriant Defensive Allocation Fund3.88
SPATXSymmetry Panoramic Alternatives Fund3.63
PSMIXPrincipal Global Multi-Strategy Fund3.57
DMSFXDestinations Multi Strategy Alternatives Fund1.41

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DMSFX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when DMSFX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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