AlphaSimplex Global Alternatives Fund (GAFYX) 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 GAFYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GAFYX
GAFYX charges 1.24% annually. There are 16 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | GAFYX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | GAFYX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | GAFYX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | GAFYX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | GAFYX vs JAAAX |
Best Risk-Adjusted Alternatives to GAFYX
GAFYX has a PortfoliosLab risk / return rank of 61. There are 36 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | GAFYX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | GAFYX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | GAFYX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | GAFYX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | GAFYX vs ADANX |
Top Performing GAFYX Alternatives (YTD)
GAFYX is at 9.57% YTD. There are 8 mutual funds in the Multistrategy category with higher YTD returns, going as high as 17.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 17.83% | — | Sep 2017 | GAFYX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 17.69% | — | Sep 2017 | GAFYX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 17.60% | — | Sep 2017 | GAFYX vs QRPNX | |
| AQR Style Premia Alternative Fund | 12.37% | — | Oct 2013 | GAFYX vs QSPIX | |
| AQR Style Premia Alternative R6 | 12.28% | — | Sep 2014 | GAFYX vs QSPRX |
Lowest Volatility Alternatives to GAFYX
GAFYX has 8.55% 1-year volatility. There are 37 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | GAFYX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.46% | — | Jan 2009 | GAFYX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.46% | — | Jan 2009 | GAFYX vs ADANX | |
| Morningstar Alternatives Fund | 2.32% | — | Nov 2018 | GAFYX vs MSTVX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.36% | — | Feb 2013 | GAFYX vs SHRIX |
Lowest Drawdown Alternatives to GAFYX
GAFYX has a 1-year max drawdown of -5.19%. There are 40 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | GAFYX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | GAFYX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | GAFYX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | GAFYX vs SRRIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | GAFYX vs FSLTX |
Other Mutual Funds from Natixis
The 10 most viewed Natixis mutual funds shown here include LSGRX, LSIIX, LGRRX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Loomis Sayles Growth Fund | Large Cap Growth Equities | 5 | -2.80% | — | May 1991 | GAFYX vs LSGRX | |
| Loomis Sayles Investment Grade Bond Fund Class Y | Total Bond Market | 12 | -0.14% | — | Dec 1996 | GAFYX vs LSIIX | |
| Loomis Sayles Growth Fund | Large Cap Growth Equities | 5 | -2.95% | — | Feb 2013 | GAFYX vs LGRRX | |
| Loomis Sayles Core Plus Bond Fund | Intermediate Core-Plus Bond | 19 | -0.04% | — | Nov 1973 | GAFYX vs NEFRX | |
| Mirova Global Sustainable Equity Fund | Global Equities | 11 | 1.53% | — | Mar 2016 | GAFYX vs ESGYX | |
| Gateway Fund | Options Trading | 73 | 5.22% | — | Dec 1977 | GAFYX vs GATEX | |
| Gateway Equity Call Premium Fund | Options Trading | 86 | 6.96% | — | Sep 2014 | GAFYX vs GCPYX | |
| Natixis Funds Trust I U.S. Equity Opportunities Fu... | Large Cap Growth Equities | 13 | 1.03% | — | Jul 1994 | GAFYX vs NEFSX | |
| Natixis Funds Trust II Oakmark Fund | Large Cap Value Equities | 19 | 3.21% | — | May 1931 | GAFYX vs NEFOX | |
| Gateway Fund Class Y Shares | Options Trading | 75 | 5.33% | — | — | GAFYX vs GTEYX |
Often Compared With GAFYX
Investors most often compare GAFYX with QDSIX, HFND, FSMSX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare GAFYX with Any Fund or Stock
Compare GAFYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GAFYX with funds that move differently
AlphaSimplex Global Alternatives Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GAFYX.
Explore GAFYX Diversifiers