FS Multi-Strategy Alternatives Fund (FSMSX) Alternatives
FS Multi-Strategy Alternatives Fund (FSMSX) 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 FSMSX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to FSMSX
FSMSX charges 1.89% annually. Among mutual funds in the Multistrategy category, these options have the lowest expense ratios among FSMSX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | Dec 13, 2015 | FSMSX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | Nov 11, 2018 | FSMSX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | Feb 14, 2018 | FSMSX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | May 1, 2019 | FSMSX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | Jan 28, 2019 | FSMSX vs WRPIX |
Best Risk-Adjusted Alternatives to FSMSX
Among mutual funds in the Multistrategy category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | Dec 9, 2013 | FSMSX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | Aug 14, 2017 | FSMSX vs ARBIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 99 | Feb 1, 2013 | FSMSX vs SHRIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | Jan 15, 2009 | FSMSX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | Jan 15, 2009 | FSMSX vs ADANX |
Top Performing FSMSX Alternatives (YTD)
FSMSX alternatives from the Multistrategy category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| AQR Style Premia Alternative R6 | 9.99% | Sep 2, 2014 | FSMSX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | 9.96% | Oct 30, 2013 | FSMSX vs QSPNX | |
| AQR Style Premia Alternative Fund | 9.94% | Oct 29, 2013 | FSMSX vs QSPIX | |
| Allspring Alternative Risk Premia Fund | 9.08% | Jan 28, 2019 | FSMSX vs WRPIX | |
| AQR Alternative Risk Premia R6 | 8.62% | Sep 19, 2017 | FSMSX vs QRPRX |
Lowest Volatility Alternatives to FSMSX
FSMSX alternatives from the Multistrategy category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.26% | Aug 14, 2017 | FSMSX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.53% | Jan 15, 2009 | FSMSX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.54% | Jan 15, 2009 | FSMSX vs ADAIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 2.10% | Feb 22, 2018 | FSMSX vs TMSRX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.40% | Feb 1, 2013 | FSMSX vs SHRIX |
Lowest Drawdown Alternatives to FSMSX
FSMSX alternatives from the Multistrategy category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | Aug 14, 2017 | FSMSX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | Dec 9, 2013 | FSMSX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.64% | Jan 15, 2009 | FSMSX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.64% | Jan 15, 2009 | FSMSX vs ADANX | |
| FS Credit Income Fund Class I | -1.31% | Nov 1, 2017 | FSMSX vs FCRIX |
Often Compared With FSMSX
What investors most often compare with FSMSX, based on PortfoliosLab usage data.
Compare FSMSX with Any Fund or Stock
Compare FSMSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.