Goldman Sachs Managed Futures Strategy Fund Class A (GMSAX) belongs to the Systematic Trend category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GMSAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GMSAX
GMSAX charges 1.54% annually. There are 9 mutual funds in the Systematic Trend category with lower expense ratios, going as low as 1.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund - Class I | 1.25% | — | Jan 2010 | GMSAX vs AQMIX | |
| Credit Suisse Managed Futures Strategy Fund | 1.30% | — | Sep 2012 | GMSAX vs CSAIX | |
| Redwood Systematic Macro Trend ("SMarT") Fund | 1.30% | — | Nov 2017 | GMSAX vs RWSIX | |
| Goldman Sachs Managed Futures Strategy Fund | 1.33% | — | Feb 2012 | GMSAX vs GFIRX | |
| Winton Managed Futures Trend Fund | 1.34% | — | Oct 2011 | GMSAX vs EVOIX |
Best Risk-Adjusted Alternatives to GMSAX
GMSAX has a PortfoliosLab risk / return rank of 78. There are 13 mutual funds in the Systematic Trend category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Market Trend Fund | 97 | — | Jun 2014 | GMSAX vs LOTIX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 94 | — | Aug 2014 | GMSAX vs AHLIX | |
| American Beacon AHL Managed Futures Strategy Fund | 93 | — | Aug 2014 | GMSAX vs AHLPX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 92 | — | Dec 1996 | GMSAX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 92 | — | Dec 2015 | GMSAX vs MBXAX |
Top Performing GMSAX Alternatives (YTD)
GMSAX is at 6.94% YTD. There are 21 mutual funds in the Systematic Trend category with higher YTD returns, going as high as 23.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Market Trend Fund | 23.96% | — | Jun 2014 | GMSAX vs LOTIX | |
| AQR CVX Fusion Fund Class R6 | 14.04% | — | Jun 2025 | GMSAX vs QCFRX | |
| AQR CVX Fusion Fund Class I | 13.96% | — | Jun 2025 | GMSAX vs QCFIX | |
| AQR CVX Fusion Fund Class N | 13.80% | — | Jun 2025 | GMSAX vs QCFNX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 13.75% | — | Dec 1996 | GMSAX vs MBXIX |
Lowest Volatility Alternatives to GMSAX
GMSAX has 8.54% 1-year volatility. There are 7 mutual funds in the Systematic Trend category with lower 1-year volatility, going as low as 5.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund | 5.80% | — | Mar 2011 | GMSAX vs LFMAX | |
| LoCorr Long/Short Commodity Strategies Fund | 6.05% | — | Dec 2011 | GMSAX vs LCSIX | |
| Catalyst/Millburn Hedge Strategy Fund | 6.90% | — | Dec 2015 | GMSAX vs MBXAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 6.93% | — | Dec 1996 | GMSAX vs MBXIX | |
| Abbey Capital Futures Strategy Fund Class I | 7.94% | — | Jul 2014 | GMSAX vs ABYIX |
Lowest Drawdown Alternatives to GMSAX
GMSAX has a 1-year max drawdown of -4.81%. There are 10 mutual funds in the Systematic Trend category with shallower 1-year drawdowns, going as shallow as -3.50%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon AHL Managed Futures Strategy Fund | -3.50% | — | Aug 2014 | GMSAX vs AHLPX | |
| American Beacon AHL Managed Futures Strategy Fund ... | -3.52% | — | Aug 2014 | GMSAX vs AHLIX | |
| LoCorr Macro Strategies Fund | -3.56% | — | Mar 2011 | GMSAX vs LFMAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | -3.85% | — | Dec 1996 | GMSAX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | -3.89% | — | Dec 2015 | GMSAX vs MBXAX |
Other Mutual Funds from Goldman Sachs
The 10 most viewed Goldman Sachs mutual funds shown here include GSIMX, GSINX, GCIIX and span 7 categories.
Often Compared With GMSAX
Investors most often compare GMSAX with ABYAX, QMHNX, GSSRX. These 18 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare GMSAX with Any Fund or Stock
Compare GMSAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GMSAX with funds that move differently
Goldman Sachs Managed Futures Strategy Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GMSAX.
Explore GMSAX Diversifiers