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AlphaSimplex Global Alternatives Fund (GAFYX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US63872T8852

CUSIP

63872T885

Inception Date

Sep 29, 2008

Min. Investment

$100,000

Asset Class

Alternatives

Expense Ratio

GAFYX has a high expense ratio of 1.24%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in AlphaSimplex Global Alternatives Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


100.00%200.00%300.00%400.00%December2025FebruaryMarchAprilMay
65.00%
385.26%
GAFYX (AlphaSimplex Global Alternatives Fund)
Benchmark (^GSPC)

Returns By Period

AlphaSimplex Global Alternatives Fund (GAFYX) returned -0.83% year-to-date (YTD) and 2.00% over the past 12 months. Over the past 10 years, GAFYX returned 1.23% annually, underperforming the S&P 500 benchmark at 10.45%.


GAFYX

YTD

-0.83%

1M

3.19%

6M

-1.66%

1Y

2.00%

5Y*

3.90%

10Y*

1.23%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of GAFYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20252.69%-0.81%-1.91%-1.58%0.85%-0.83%
20240.81%2.83%2.36%-1.05%1.65%0.19%2.00%-0.65%1.88%-1.94%2.63%-1.28%9.66%
20232.51%-0.49%-0.59%0.66%-0.89%2.29%1.85%-1.24%-0.48%-0.78%0.49%0.66%3.96%
2022-2.00%-1.11%2.73%-0.55%-0.09%-1.75%0.75%-0.19%-1.59%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%-2.36%2.33%1.29%
2020-0.97%-3.91%-4.90%1.46%0.58%0.29%0.67%0.38%0.09%-0.47%2.27%2.67%-2.12%
20192.50%0.66%1.49%1.47%-2.62%3.25%-0.09%0.09%0.90%0.45%0.71%1.33%10.49%
20182.67%-4.59%-0.27%0.71%0.27%0.18%0.81%0.18%0.89%-2.92%-0.91%-3.18%-6.21%
20170.98%1.36%0.10%0.00%0.48%0.09%0.67%0.85%1.03%1.95%1.27%1.83%11.12%
2016-2.63%-4.34%-1.61%-0.72%0.52%-1.34%1.15%0.93%0.41%-0.30%2.14%1.70%-4.23%
20152.13%3.22%0.51%0.35%1.12%-3.67%0.98%-5.88%-0.93%1.60%0.65%-2.12%-2.38%
2014-3.24%2.44%-0.35%0.68%2.27%0.18%-1.33%1.71%-1.06%-0.09%3.84%-1.14%3.76%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of GAFYX is 38, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of GAFYX is 3838
Overall Rank
The Sharpe Ratio Rank of GAFYX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of GAFYX is 3535
Sortino Ratio Rank
The Omega Ratio Rank of GAFYX is 3636
Omega Ratio Rank
The Calmar Ratio Rank of GAFYX is 4343
Calmar Ratio Rank
The Martin Ratio Rank of GAFYX is 3939
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for AlphaSimplex Global Alternatives Fund (GAFYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

AlphaSimplex Global Alternatives Fund Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 0.23
  • 5-Year: 0.58
  • 10-Year: 0.18
  • All Time: 0.44

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of AlphaSimplex Global Alternatives Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.23
0.44
GAFYX (AlphaSimplex Global Alternatives Fund)
Benchmark (^GSPC)

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.


0.00%2.00%4.00%6.00%8.00%10.00%$0.00$0.20$0.40$0.60$0.80$1.0020172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
Dividend$0.00$0.00$0.52$0.95$0.00$0.28$0.13$0.14$0.08

Dividend yield

0.00%0.00%5.24%9.57%0.00%2.57%1.15%1.37%0.75%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$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
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.28$0.28
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.13
2018$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.14
2017$0.08$0.08

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-4.47%
-7.88%
GAFYX (AlphaSimplex Global Alternatives Fund)
Benchmark (^GSPC)

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 4.47%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.49%Apr 13, 2015306Jun 27, 2016895Jan 16, 20201201
-13.26%Feb 20, 202020Mar 18, 2020745Mar 3, 2023765
-12.45%May 3, 2011289Jun 22, 2012197Apr 10, 2013486
-9.74%Feb 19, 202534Apr 7, 2025
-6.65%Apr 16, 201036Jun 7, 201069Sep 14, 2010105

Volatility

Volatility Chart

The current AlphaSimplex Global Alternatives Fund volatility is 1.66%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
1.66%
6.82%
GAFYX (AlphaSimplex Global Alternatives Fund)
Benchmark (^GSPC)