Goldman Sachs Multi-Strategy Alternatives Fund (GMAMX) 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 GMAMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GMAMX
GMAMX charges 1.16% annually. There are 13 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 | GMAMX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | GMAMX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | GMAMX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | GMAMX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | GMAMX vs WRPIX |
Best Risk-Adjusted Alternatives to GMAMX
GMAMX has a PortfoliosLab risk / return rank of 56. There are 33 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 | GMAMX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | GMAMX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | GMAMX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | GMAMX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | GMAMX vs ADANX |
Top Performing GMAMX Alternatives (YTD)
GMAMX is at 7.66% YTD. There are 19 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.99% | — | Sep 2017 | GMAMX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.92% | — | Sep 2017 | GMAMX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.84% | — | Sep 2017 | GMAMX vs QRPNX | |
| Abbey Capital Multi Asset Fund Class I | 13.53% | — | Apr 2018 | GMAMX vs MAFIX | |
| AQR Style Premia Alternative R6 | 12.86% | — | Sep 2014 | GMAMX vs QSPRX |
Lowest Volatility Alternatives to GMAMX
GMAMX has 8.31% 1-year volatility. There are 35 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 | GMAMX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.40% | — | Jan 2009 | GMAMX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.43% | — | Jan 2009 | GMAMX vs ADANX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 1.43% | — | Feb 2018 | GMAMX vs TALTX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.70% | — | Feb 2018 | GMAMX vs TMSRX |
Lowest Drawdown Alternatives to GMAMX
GMAMX has a 1-year max drawdown of -4.32%. There are 32 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 | GMAMX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | GMAMX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | GMAMX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | GMAMX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | GMAMX vs TMSRX |
Other Mutual Funds from Goldman Sachs
The 10 most viewed Goldman Sachs mutual funds shown here include GSIMX, GSINX, GCIIX and span 8 categories.
Often Compared With GMAMX
Investors most often compare GMAMX with SHRIX, GSSRX, QSPIX. These 6 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 98 | 1.46% | — | Feb 2013 | GMAMX vs SHRIX | |
| Goldman Sachs Short Duration Bond Fund | Short-Term Bond | 69 | 0.83% | — | Feb 2012 | GMAMX vs GSSRX | |
| AQR Style Premia Alternative Fund | Multistrategy | 50 | 12.83% | — | Oct 2013 | GMAMX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | Multistrategy | 49 | 12.78% | — | Oct 2013 | GMAMX vs QSPNX | |
| John Hancock Funds Alternative Asset Allocation Fu... | Multistrategy | 95 | 6.37% | — | Jan 2009 | GMAMX vs JAAAX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 65 | 11.00% | — | Aug 2019 | GMAMX vs SYMIX |
Compare GMAMX with Any Fund or Stock
Compare GMAMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GMAMX with funds that move differently
Goldman Sachs Multi-Strategy Alternatives Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GMAMX.
Explore GMAMX Diversifiers