Stone Ridge Diversified Alternatives Fund (SRDAX)
The fund aims to generate total returns through diverse investment strategies such as Reinsurance, Market Risk Transfer, Style Premium Investing, Alternative Lending, Single Family Real Estate, and Bitcoin, known as risk premium strategies. These strategies aim to earn returns by bearing risk and diversify from traditional stocks and bonds.
Fund Info
| Issuer | STONE RIDGE |
|---|---|
| Inception Date | Apr 29, 2020 |
| Category | Multistrategy |
| Min. Investment | $500,000 |
| Asset Class | Alternatives |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
SRDAX has a high expense ratio of 1.27%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SRDAX vs. QDSIX, SRDAX vs. FSMSX, SRDAX vs. GAFYX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Stone Ridge Diversified Alternatives Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Stone Ridge Diversified Alternatives Fund had a return of 6.67% year-to-date (YTD) and 6.89% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.67% | 25.82% |
| 1 month | 1.79% | 3.20% |
| 6 months | 6.77% | 14.94% |
| 1 year | 6.89% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of SRDAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.03% | -1.30% | 0.75% | 0.28% | -1.03% | 0.19% | 1.13% | 2.14% | 2.27% | 0.44% | 6.67% | ||
| 2023 | 2.24% | 2.86% | 0.56% | 1.75% | 1.27% | 0.54% | 2.05% | 2.79% | 2.21% | 2.24% | -0.89% | 0.45% | 19.56% |
| 2022 | 0.19% | 0.96% | -1.53% | 0.00% | 0.87% | -2.30% | 0.10% | 1.08% | -3.59% | 1.71% | 2.77% | 1.93% | 2.03% |
| 2021 | 0.39% | 0.88% | 1.26% | 0.10% | 0.19% | 1.24% | 0.94% | 1.02% | 1.75% | 1.36% | -0.72% | 1.76% | 10.62% |
| 2020 | 2.00% | 0.39% | 1.37% | -0.96% | -1.17% | 2.66% | 0.57% | 0.42% | 5.34% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SRDAX is 51, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Stone Ridge Diversified Alternatives Fund (SRDAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Stone Ridge Diversified Alternatives Fund provided a 12.07% dividend yield over the last twelve months, with an annual payout of $1.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $1.37 | $1.37 | $0.11 | $0.78 | $0.26 |
Dividend yield | 12.07% | 12.87% | 1.11% | 7.54% | 2.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Stone Ridge Diversified Alternatives Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.37 | $1.37 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2020 | $0.26 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Stone Ridge Diversified Alternatives Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Stone Ridge Diversified Alternatives Fund was 6.33%, occurring on Oct 4, 2022. Recovery took 60 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.33% | Feb 24, 2022 | 154 | Oct 4, 2022 | 60 | Dec 29, 2022 | 214 |
| -3.25% | Jul 21, 2020 | 35 | Sep 8, 2020 | 44 | Nov 9, 2020 | 79 |
| -2.49% | Oct 1, 2024 | 7 | Oct 9, 2024 | 15 | Oct 30, 2024 | 22 |
| -2.35% | May 29, 2020 | 10 | Jun 11, 2020 | 11 | Jun 26, 2020 | 21 |
| -1.7% | Apr 15, 2021 | 27 | May 21, 2021 | 7 | Jun 2, 2021 | 34 |
Volatility
Volatility Chart
The current Stone Ridge Diversified Alternatives Fund volatility is 0.80%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.