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 | 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 | |
| Altegris Futures Evolution Strategy Fund | 1.34% | — | Oct 2011 | GMSAX vs EVOIX |
Best Risk-Adjusted Alternatives to GMSAX
GMSAX has a PortfoliosLab risk / return rank of 76. There are 9 mutual funds in the Systematic Trend category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Market Trend Fund | 94 | — | Jun 2014 | GMSAX vs LOTIX | |
| AQR Trend Total Return Fund | 93 | — | Dec 2021 | GMSAX vs QNZNX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 91 | — | Aug 2014 | GMSAX vs AHLIX | |
| AQR Managed Futures Strategy Fund | 90 | — | Jan 2010 | GMSAX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | 90 | — | Jan 2010 | GMSAX vs AQMNX |
Top Performing GMSAX Alternatives (YTD)
GMSAX is at 5.71% YTD. There are 22 mutual funds in the Systematic Trend category with higher YTD returns, going as high as 21.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Market Trend Fund | 21.80% | — | Jun 2014 | GMSAX vs LOTIX | |
| AQR Managed Futures Strategy HV Fund | 13.50% | — | Jul 2013 | GMSAX vs QMHIX | |
| AQR Managed Futures Strategy HV Fund Class N | 13.32% | — | Jul 2013 | GMSAX vs QMHNX | |
| AQR Trend Total Return Fund | 13.23% | — | Dec 2021 | GMSAX vs QNZNX | |
| AQR CVX Fusion Fund Class R6 | 12.96% | — | Jun 2025 | GMSAX vs QCFRX |
Lowest Volatility Alternatives to GMSAX
GMSAX has 8.01% 1-year volatility. There are 5 mutual funds in the Systematic Trend category with lower 1-year volatility, going as low as 5.72%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund | 5.72% | — | Mar 2011 | GMSAX vs LFMAX | |
| LoCorr Long/Short Commodity Strategies Fund | 6.09% | — | Dec 2011 | GMSAX vs LCSIX | |
| Abbey Capital Futures Strategy Fund Class A | 7.83% | — | Aug 2014 | GMSAX vs ABYAX | |
| Abbey Capital Futures Strategy Fund Class I | 7.85% | — | Jul 2014 | GMSAX vs ABYIX | |
| Goldman Sachs Managed Futures Strategy Fund | 7.99% | — | Feb 2012 | GMSAX vs GFIRX |
Lowest Drawdown Alternatives to GMSAX
GMSAX has a 1-year max drawdown of -4.81%. There are 9 mutual funds in the Systematic Trend category with shallower 1-year drawdowns, going as shallow as -2.53%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund | -2.53% | — | Mar 2011 | GMSAX vs LFMAX | |
| Abbey Capital Futures Strategy Fund Class I | -2.85% | — | Jul 2014 | GMSAX vs ABYIX | |
| Abbey Capital Futures Strategy Fund Class A | -2.87% | — | Aug 2014 | GMSAX vs ABYAX | |
| AQR Managed Futures Strategy Fund | -3.03% | — | Jan 2010 | GMSAX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | -3.15% | — | Jan 2010 | GMSAX vs AQMNX |
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 GMSAX
Investors most often compare GMSAX with GSSRX, MFTNX, MFTFX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | Short-Term Bond | 68 | 0.62% | — | Feb 2012 | GMSAX vs GSSRX | |
| Arrow Managed Futures Strategy Fund Institutional ... | Systematic Trend | 70 | 10.38% | — | Apr 2010 | GMSAX vs MFTNX | |
| Arrow Managed Futures Stragegy Fund | Systematic Trend | 70 | 10.13% | — | Apr 2010 | GMSAX vs MFTFX | |
| AQR CVX Fusion Fund Class I | Systematic Trend | — | 12.88% | — | Jun 2025 | GMSAX vs QCFIX | |
| PIMCO TRENDS Managed Futures Strategy Fund Class A | Systematic Trend | 72 | 4.95% | — | Dec 2013 | GMSAX vs PQTAX | |
| AQR CVX Fusion Fund Class N | Systematic Trend | — | 12.80% | — | Jun 2025 | GMSAX vs QCFNX | |
| Fidelity Managed Futures ETF | Systematic Trend | 60 | 7.69% | 255.42M | Jun 2025 | GMSAX vs FFUT |
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