Principal Global Multi-Strategy Fund (PSMIX) Alternatives
Principal Global Multi-Strategy Fund (PSMIX) 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 PSMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to PSMIX
PSMIX charges 1.63% annually. Among mutual funds in the Multistrategy category, these options have the lowest expense ratios among PSMIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | Dec 13, 2015 | PSMIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | Nov 11, 2018 | PSMIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | Feb 14, 2018 | PSMIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | May 1, 2019 | PSMIX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | Jan 28, 2019 | PSMIX vs WRPIX |
Best Risk-Adjusted Alternatives to PSMIX
Among mutual funds in the Multistrategy category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | Dec 9, 2013 | PSMIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | Aug 14, 2017 | PSMIX vs ARBIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 99 | Feb 1, 2013 | PSMIX vs SHRIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | Jan 15, 2009 | PSMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | Jan 15, 2009 | PSMIX vs ADANX |
Top Performing PSMIX Alternatives (YTD)
PSMIX alternatives from the Multistrategy category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| AQR Style Premia Alternative R6 | 9.99% | Sep 2, 2014 | PSMIX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | 9.96% | Oct 30, 2013 | PSMIX vs QSPNX | |
| AQR Style Premia Alternative Fund | 9.94% | Oct 29, 2013 | PSMIX vs QSPIX | |
| Allspring Alternative Risk Premia Fund | 9.08% | Jan 28, 2019 | PSMIX vs WRPIX | |
| AQR Alternative Risk Premia R6 | 8.62% | Sep 19, 2017 | PSMIX vs QRPRX |
Lowest Volatility Alternatives to PSMIX
PSMIX alternatives from the Multistrategy category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.26% | Aug 14, 2017 | PSMIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.53% | Jan 15, 2009 | PSMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.54% | Jan 15, 2009 | PSMIX vs ADAIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 2.10% | Feb 22, 2018 | PSMIX vs TMSRX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.40% | Feb 1, 2013 | PSMIX vs SHRIX |
Lowest Drawdown Alternatives to PSMIX
PSMIX alternatives from the Multistrategy category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | Aug 14, 2017 | PSMIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | Dec 9, 2013 | PSMIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.64% | Jan 15, 2009 | PSMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.64% | Jan 15, 2009 | PSMIX vs ADAIX | |
| FS Credit Income Fund Class I | -1.31% | Nov 1, 2017 | PSMIX vs FCRIX |
Other Mutual Funds from Principal
Most popular Principal mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Principal MidCap Fund Institutional Class | Mid Cap Growth Equities | 1 | -12.96% | Dec 6, 2000 | PSMIX vs PCBIX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 8 | -14.91% | Dec 6, 2000 | PSMIX vs PLGIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 36 | -6.68% | Nov 24, 1986 | PSMIX vs CMNWX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 3 | -15.72% | Jun 14, 2012 | PSMIX vs PBCKX | |
| Principal SAM Strategic Growth Portfolio | Diversified Portfolio | 45 | -3.93% | Jul 24, 1996 | PSMIX vs SACAX | |
| Principal Small-MidCap Dividend Income Fund | Mid Cap Value Equities | 32 | 1.44% | Jun 6, 2011 | PSMIX vs PMDIX | |
| Principal Equity Income Fund | Large Cap Value Equities | 54 | -0.22% | May 31, 1939 | PSMIX vs PQIAX | |
| Principal LifeTime Hybrid 2055 Fund | Target Retirement Date | 57 | -4.53% | Sep 29, 2014 | PSMIX vs PLTNX | |
| Principal Global Real Estate Securities Fund | REIT | 15 | -0.73% | Sep 30, 2007 | PSMIX vs POSIX | |
| Principal Tax-Exempt Bond Fund | Municipal Bonds | 39 | -1.06% | Jan 2, 1977 | PSMIX vs PTEAX |
Often Compared With PSMIX
What investors most often compare with PSMIX, based on PortfoliosLab usage data.
Compare PSMIX with Any Fund or Stock
Compare PSMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.