- ISIN
- US63872T8852
- CUSIP
- 63872T885
- Issuer
- Natixis
- Inception Date
- Sep 29, 2008
- Category
- Multistrategy
- Min. Investment
- $100,000
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
Share Price Chart
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Performance
GAFYX Performance Chart
AlphaSimplex Global Alternatives Fund (GAFYX) is up 10.4% since the beginning of the year. GAFYX is currently trading at $13 per share. Investors who bought $1,000 worth of GAFYX shares 5 years ago would now be looking at an investment worth $1,357.
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Returns By Period
AlphaSimplex Global Alternatives Fund (GAFYX) has returned 10.35% so far this year and 16.96% over the past 12 months. Over the last ten years, GAFYX has returned 4.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
AlphaSimplex Global Alternatives Fund
- 1D
- 0.55%
- 1M
- 0.87%
- YTD
- 10.35%
- 6M
- 9.97%
- 1Y
- 16.96%
- 3Y*
- 8.81%
- 5Y*
- 6.29%
- 10Y*
- 4.94%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GAFYX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2008, GAFYX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +6.6%, while the worst month was Aug 2011 at -5.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GAFYX closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +2.5%, while the worst single day was Feb 5, 2018 at -3.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.39% | 2.19% | -3.70% | 6.58% | 1.36% | 0.40% | 10.35% | ||||||
| 2025 | 2.69% | -0.81% | -1.91% | -1.58% | 2.08% | 1.94% | 0.27% | 1.72% | 1.42% | -0.70% | 1.41% | 0.09% | 6.68% |
| 2024 | 0.81% | 2.83% | 2.36% | -1.05% | 1.65% | 0.19% | 2.00% | -0.65% | 1.88% | -1.94% | 2.63% | -1.28% | 9.66% |
| 2023 | 2.51% | -0.49% | -0.59% | 0.48% | -0.89% | 2.29% | 1.85% | -1.24% | -0.48% | -0.78% | 0.49% | 0.66% | 3.77% |
| 2022 | -2.00% | -1.12% | 2.73% | -0.55% | -0.09% | -1.75% | 0.75% | -0.19% | -1.58% | 2.56% | 1.48% | -0.58% | -0.49% |
| 2021 | -0.92% | -1.21% | 0.85% | 2.99% | 0.54% | -1.62% | 0.46% | 0.55% | -2.00% | 1.85% | -2.37% | 2.33% | 1.29% |
Benchmark Metrics
AlphaSimplex Global Alternatives Fund has an annualized alpha of 1.03%, beta of 0.24, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since October 01, 2008.
- This fund participated in 42.72% of S&P 500 Index downside but only 31.85% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.44 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.44 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.03%
- Beta
- 0.24
- R²
- 0.44
- Upside Capture
- 31.85%
- Downside Capture
- 42.72%
Expense Ratio
GAFYX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GAFYX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AlphaSimplex Global Alternatives Fund (GAFYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GAFYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.78 | +0.46 |
| Martin ratioReturn relative to average drawdown | 13.63 | 12.44 | +1.19 |
Dividends
Dividend History
AlphaSimplex Global Alternatives Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.52 | $0.95 | $0.00 | $0.28 | $0.13 | $0.14 | $0.08 | $0.00 | $0.38 |
Dividend yield | 0.00% | 0.00% | 0.00% | 5.24% | 9.57% | 0.00% | 2.57% | 1.16% | 1.37% | 0.74% | 0.00% | 3.53% |
Monthly Dividends
The table displays the monthly dividend distributions for AlphaSimplex Global Alternatives Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.52 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AlphaSimplex Global Alternatives Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AlphaSimplex Global Alternatives Fund was 19.49%, occurring on Jun 27, 2016. Recovery took 895 trading sessions.
The current AlphaSimplex Global Alternatives Fund drawdown is 0.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 correction2016 | -19.49%Jun 2016 | 1y 2mo | 3y 6mo | 4y 9moApr 2015 - Jan 2020 |
COVID crash2020 | -13.26%Mar 2020 | 27d | 2y 11mo | 3y 12dFeb 2020 - Mar 2023 |
2012 correction2012 | -12.44%Jun 2012 | 1y 1mo | 9mo 22d | 1y 11moMay 2011 - Apr 2013 |
2025 selloff2025 | -9.74%Apr 2025 | 1mo 17d | 4mo 7d | 5mo 24dFeb 2025 - Aug 2025 |
2010 pullback2010 | -7.26%Jun 2010 | 6mo 7d | 3mo 19d | 9mo 26dDec 2009 - Sep 2010 |
Drawdown Indicators
| GAFYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.49% | -56.78% | +37.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -9.10% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -18.90% | +9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -25.43% | +15.69% |
Max Drawdown (10Y)Largest decline over 10 years | -13.26% | -33.92% | +20.66% |
Current DrawdownCurrent decline from peak | -0.70% | -1.80% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -10.71% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.03% | -0.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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