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MFS Global Alternative Strategy Fund (DVRIX) Sharpe Ratio: 1.34

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

MFS (Massachusetts Financial Services Company, the fund's investment adviser) seeks to achieve a total rate of return for the fund that meets or exceeds the FTSE 1-Month U.S. Treasury Bill Index plus 2% to 4%, net of fund expenses, over a full market cycle.

DVRIX's Sharpe Ratio of 1.34 indicates that for each unit of volatility, it generates 1.34 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.

DVRIX Sharpe Ratio Rank

DVRIX Sharpe Ratio Rank: 25.526
Below Average

DVRIX ranks above 25.5% 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

DVRIX Sharpe Ratio Market Positioning

The chart shows DVRIX'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%: 4.28+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares MFS Global Alternative Strategy Fund's Sharpe Ratio with other mutual funds in the Macro Trading category across multiple time periods, showing how DVRIX'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
EGRAXEaton Vance Global Macro Absolute Return Advantage Fund Class A5.65
OTRFXOnTrack Core Fund2.83
MBXAXCatalyst/Millburn Hedge Strategy Fund2.82
REMIXStandpoint Multi-Asset Fund Investor Class2.42
PCBAXBlackRock Tactical Opportunities Fund2.42
RDMIXRational/ReSolve Adaptive Asset Allocation Fund2.22
QALTXQuantified Alternative Investment Fund2.06
CGFIXabrdn Global Absolute Return Strategies Fund1.96
GPAIXGrant Park Multi Alternative Strategies Fund1.92
FARYXFulcrum Diversified Absolute Return Fund1.72
DVRIXMFS Global Alternative Strategy Fund1.34

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DVRIX'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 DVRIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does DVRIX fit in your portfolio?

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