- ISIN
- US38147N4007
- Issuer
- Goldman Sachs
- Inception Date
- Apr 29, 2013
- Category
- Multistrategy
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
GIMMX Performance Chart
Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) is up 6.0% since the beginning of the year. GIMMX is currently trading at $11 per share. Investors who bought $1,000 worth of GIMMX shares 5 years ago would now be looking at an investment worth $1,158.
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Compare this symbol against anything
Returns By Period
Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) has returned 6.00% so far this year and 14.81% over the past 12 months. Over the last ten years, GIMMX has returned 3.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Goldman Sachs Multi-Manager Alternatives Fund
- 1D
- 0.53%
- 1M
- 0.26%
- 6M
- 3.33%
- YTD
- 6.00%
- 1Y
- 14.81%
- 3Y*
- 6.67%
- 5Y*
- 2.97%
- 10Y*
- 3.12%
- ALL TIME*
- 2.55%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GIMMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, GIMMX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +4.9%, while the worst month was Mar 2020 at -5.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GIMMX closed higher 45% of trading days. The best single day was Oct 13, 2025 with a return of +2.5%, while the worst single day was Mar 16, 2020 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.59% | 0.27% | -2.51% | 4.88% | 1.76% | -0.86% | -0.09% | 6.00% | |||||
| 2025 | 0.69% | 1.07% | 3.67% | 1.12% | -0.18% | 0.65% | 0.64% | 1.82% | 2.95% | 1.22% | 0.43% | 0.44% | 15.44% |
| 2024 | -1.42% | -1.90% | -0.92% | -2.51% | -1.05% | -1.83% | 1.67% | 1.45% | 0.86% | 1.23% | 0.09% | -0.51% | -4.85% |
| 2023 | 0.44% | -0.26% | -0.53% | 0.80% | -1.06% | 0.36% | -1.15% | 0.18% | 0.18% | 0.09% | 3.04% | 0.73% | 2.78% |
| 2022 | -2.10% | -1.46% | 0.61% | -0.61% | -0.35% | -0.87% | -0.44% | 0.27% | -0.18% | 0.35% | -0.53% | 0.51% | -4.72% |
| 2021 | -1.51% | 1.18% | -0.27% | 2.51% | 0.79% | 0.78% | 1.03% | 1.79% | -2.26% | 2.48% | -1.34% | 0.93% | 6.14% |
Benchmark Metrics
Goldman Sachs Multi-Manager Alternatives Fund has an annualized alpha of 0.32%, beta of 0.19, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- This fund participated in 23.81% of S&P 500 Index downside but only 18.17% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.19 may look defensive, but with R2 of 0.35 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 0.35 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
- 0.32%
- Beta
- 0.19
- R²
- 0.35
- Upside Capture
- 18.17%
- Downside Capture
- 23.81%
Expense Ratio
GIMMX has a high expense ratio of 1.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GIMMX ranks 67 for risk / return — above 67% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) 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.
| GIMMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.00 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.21 | 8.49 | +0.72 |
Dividends
Dividend History
Goldman Sachs Multi-Manager Alternatives Fund provided a 7.90% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.91 | $0.52 | $0.39 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.19 | $0.07 |
Dividend yield | 7.90% | 8.38% | 5.08% | 3.43% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Multi-Manager 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 | $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 | $0.91 | $0.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 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 Goldman Sachs Multi-Manager 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 Goldman Sachs Multi-Manager Alternatives Fund was 12.67%, occurring on Jul 10, 2024. Recovery took 259 trading sessions.
The current Goldman Sachs Multi-Manager Alternatives Fund drawdown is 1.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-12.67%Jul 2024 | 2y 7mo | 1y 13d | 3y 8moNov 2021 - Jul 2025 | — |
-12.56%Feb 2016 | 9mo 29d | 4y 3d | 4y 10moApr 2015 - Feb 2020 | — |
-11.11%Mar 2020 | 1mo 1d | 5mo 12d | 6mo 13dFeb 2020 - Sep 2020 | COVID crash2020 |
-4.70%Oct 2014 | 3mo 11d | 1mo 11d | 4mo 22dJul 2014 - Nov 2014 | — |
-4.18%Mar 2026 | 1mo 18d | 23d | 2mo 11dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| GIMMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.67% | -56.78% | +44.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -9.10% | +4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -10.74% | -18.90% | +8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.67% | -25.43% | +12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -12.67% | -33.92% | +21.25% |
Current DrawdownCurrent decline from peak | -1.71% | -1.58% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -10.70% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.14% | -0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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