Grant Park Multi Alternative Strategies Fund (GPAIX) belongs to the Macro Trading category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GPAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GPAIX
GPAIX charges 1.43% annually. There are 7 mutual funds in the Macro Trading category with lower expense ratios, going as low as 0.78%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 0.78% | — | Oct 1990 | GPAIX vs CGFIX | |
| Fulcrum Diversified Absolute Return Fund | 1.04% | — | Jul 2015 | GPAIX vs FARYX | |
| MFS Global Alternative Strategy Fund | 1.05% | — | Dec 2007 | GPAIX vs DVRIX | |
| BlackRock Tactical Opportunities Fund | 1.08% | — | Dec 1988 | GPAIX vs PCBAX | |
| AQR Macro Opportunities Fund | 1.20% | — | Apr 2014 | GPAIX vs QGMIX |
Best Risk-Adjusted Alternatives to GPAIX
GPAIX has a PortfoliosLab risk / return rank of 45. There are 9 mutual funds in the Macro Trading category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Dec 2012 | GPAIX vs EGRAX | |
| Catalyst/Millburn Hedge Strategy Fund | 91 | — | Dec 2015 | GPAIX vs MBXAX | |
| Standpoint Multi-Asset Fund Investor Class | 82 | — | Dec 2019 | GPAIX vs REMIX | |
| OnTrack Core Fund | 80 | — | Jan 2013 | GPAIX vs OTRFX | |
| BlackRock Tactical Opportunities Fund | 79 | — | Dec 1988 | GPAIX vs PCBAX |
Top Performing GPAIX Alternatives (YTD)
GPAIX is at 5.09% YTD. There are 10 mutual funds in the Macro Trading category with higher YTD returns, going as high as 14.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | 14.91% | — | Dec 2015 | GPAIX vs MBXAX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 12.99% | — | Sep 2016 | GPAIX vs RDMIX | |
| Standpoint Multi-Asset Fund Investor Class | 12.75% | — | Dec 2019 | GPAIX vs REMIX | |
| JHancock Diversified Macro Fund | 10.58% | — | Jul 2019 | GPAIX vs JDJIX | |
| BlackRock Tactical Opportunities Fund | 9.60% | — | Dec 1988 | GPAIX vs PCBAX |
Lowest Volatility Alternatives to GPAIX
GPAIX has 7.92% 1-year volatility. There are 10 mutual funds in the Macro Trading category with lower 1-year volatility, going as low as 3.10%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 3.10% | — | Oct 1990 | GPAIX vs CGFIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 3.59% | — | Dec 2012 | GPAIX vs EGRAX | |
| MFS Global Alternative Strategy Fund | 3.71% | — | Dec 2007 | GPAIX vs DVRIX | |
| Dunham Dynamic Macro Fund | 4.14% | — | Apr 2010 | GPAIX vs DNAVX | |
| OnTrack Core Fund | 4.16% | — | Jan 2013 | GPAIX vs OTRFX |
Lowest Drawdown Alternatives to GPAIX
GPAIX has a 1-year max drawdown of -6.01%. There are 14 mutual funds in the Macro Trading category with shallower 1-year drawdowns, going as shallow as -2.73%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Dynamic Macro Fund | -2.73% | — | Apr 2010 | GPAIX vs DNAVX | |
| abrdn Global Absolute Return Strategies Fund | -2.78% | — | Oct 1990 | GPAIX vs CGFIX | |
| OnTrack Core Fund | -3.02% | — | Jan 2013 | GPAIX vs OTRFX | |
| BlackRock Tactical Opportunities Fund | -3.04% | — | Dec 1988 | GPAIX vs PCBAX | |
| MFS Global Alternative Strategy Fund | -3.08% | — | Dec 2007 | GPAIX vs DVRIX |
Often Compared With GPAIX
Investors most often compare GPAIX with FTA, SPY, DYMIX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| First Trust Large Cap Value AlphaDEX Fund | Large Cap Value Equities | 80 | 12.09% | 1.30B | May 2007 | GPAIX vs FTA | |
| State Street SPDR S&P 500 ETF | S&P 500 | 59 | 8.15% | 765.27B | Jan 1993 | GPAIX vs SPY | |
| Dynamic Alpha Macro Fund Institutional | Macro Trading | 25 | 4.32% | — | Jul 2023 | GPAIX vs DYMIX | |
| Campbell Systematic Macro Fund Class A Shares | Macro Trading | 10 | 8.44% | — | Mar 2013 | GPAIX vs EBSAX | |
| Quantified Alternative Investment Fund | Macro Trading | 67 | 5.90% | — | Aug 2013 | GPAIX vs QALTX | |
| Campbell Systematic Macro Fund Class I Shares | Macro Trading | 11 | 8.65% | — | Mar 2013 | GPAIX vs EBSIX |
Compare GPAIX with Any Fund or Stock
Compare GPAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GPAIX with funds that move differently
Grant Park Multi Alternative Strategies Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GPAIX.
Explore GPAIX Diversifiers