T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) 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 TMSRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TMSRX
TMSRX charges 1.19% annually. There are 18 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | TMSRX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | TMSRX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | TMSRX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | TMSRX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | TMSRX vs JAAAX |
Best Risk-Adjusted Alternatives to TMSRX
TMSRX has a PortfoliosLab risk / return rank of 7. There are 61 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | TMSRX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | TMSRX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | TMSRX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | TMSRX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | TMSRX vs ADAIX |
Top Performing TMSRX Alternatives (YTD)
TMSRX is at -1.37% YTD. There are 68 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.83% | — | Sep 2017 | TMSRX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 22.71% | — | Sep 2017 | TMSRX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 22.58% | — | Sep 2017 | TMSRX vs QRPNX | |
| AQR Style Premia Alternative R6 | 18.03% | — | Sep 2014 | TMSRX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | 18.03% | — | Oct 2013 | TMSRX vs QSPIX |
Lowest Volatility Alternatives to TMSRX
TMSRX has 2.40% 1-year volatility. There are 6 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | TMSRX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.49% | — | Jan 2009 | TMSRX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.49% | — | Jan 2009 | TMSRX vs ADANX | |
| Strategic Advisers Alternatives Fund | 2.26% | — | Jul 2022 | TMSRX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | TMSRX vs MSTVX |
Lowest Drawdown Alternatives to TMSRX
TMSRX has a 1-year max drawdown of -1.92%. There are 13 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | TMSRX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | TMSRX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | TMSRX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | TMSRX vs ADANX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | TMSRX vs FSLTX |
Other Mutual Funds from T. Rowe Price
The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 7 | -1.84% | — | Jun 1993 | TMSRX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 40 | 6.66% | — | Jun 1986 | TMSRX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 75 | 10.76% | — | Dec 1992 | TMSRX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 51 | 9.93% | — | Nov 1994 | TMSRX vs PRCOX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 7 | -1.76% | — | — | TMSRX vs TBCIX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 57 | 10.00% | — | Mar 1990 | TMSRX vs PREIX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 10 | -0.23% | — | Sep 1985 | TMSRX vs PRWAX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 10 | 0.84% | — | Oct 2001 | TMSRX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 35 | 19.88% | — | Sep 1987 | TMSRX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 32 | 8.73% | — | Feb 2004 | TMSRX vs TRRJX |
Often Compared With TMSRX
Investors most often compare TMSRX with RPIDX, PSMIX, PSFF. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare TMSRX with Any Fund or Stock
Compare TMSRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TMSRX with funds that move differently
T. Rowe Price Multi-Strategy Total Return Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TMSRX.
Explore TMSRX Diversifiers