StepStone Private Markets Fund Class I (XPMIX) 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 XPMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XPMIX
XPMIX charges 2.34% annually. There are 41 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 | XPMIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | XPMIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | XPMIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | XPMIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | XPMIX vs JAAAX |
Best Risk-Adjusted Alternatives to XPMIX
XPMIX has a PortfoliosLab risk / return rank of 91. There are 18 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 | XPMIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | XPMIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | XPMIX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | XPMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | XPMIX vs ADANX |
Top Performing XPMIX Alternatives (YTD)
XPMIX is at 5.73% YTD. There are 26 mutual funds in the Multistrategy category with higher YTD returns, going as high as 17.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 17.39% | — | Sep 2017 | XPMIX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 17.32% | — | Sep 2017 | XPMIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 17.23% | — | Sep 2017 | XPMIX vs QRPNX | |
| AQR Style Premia Alternative R6 | 12.28% | — | Sep 2014 | XPMIX vs QSPRX | |
| AQR Style Premia Alternative Fund | 12.25% | — | Oct 2013 | XPMIX vs QSPIX |
Lowest Volatility Alternatives to XPMIX
XPMIX has 4.22% 1-year volatility. There are 21 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.21%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.21% | — | Aug 2017 | XPMIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.46% | — | Jan 2009 | XPMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.46% | — | Jan 2009 | XPMIX vs ADANX | |
| Strategic Advisers Alternatives Fund | 2.17% | — | Jul 2022 | XPMIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.32% | — | Nov 2018 | XPMIX vs MSTVX |
Lowest Drawdown Alternatives to XPMIX
XPMIX has a 1-year max drawdown of -2.59%. There are 19 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | XPMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | XPMIX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | XPMIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | XPMIX vs SRRIX | |
| Strategic Advisers Alternatives Fund | -0.80% | — | Jul 2022 | XPMIX vs FSLTX |
Often Compared With XPMIX
Investors most often compare XPMIX with QSPNX, MDLZ, WRPIX. These 8 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund Class N | Multistrategy | 67 | 12.08% | — | Oct 2013 | XPMIX vs QSPNX | |
| Mondelez International, Inc. | 28 | 11.16% | — | — | XPMIX vs MDLZ | ||
| Allspring Alternative Risk Premia Fund | Multistrategy | 91 | 7.48% | — | Jan 2019 | XPMIX vs WRPIX | |
| Petróleo Brasileiro S.A. - Petrobras | 78 | 48.15% | — | — | XPMIX vs PBR | ||
| T. Rowe Price Multi-Strategy Total Return Fund | Multistrategy | 7 | -1.37% | — | Feb 2018 | XPMIX vs TMSRX | |
| FS Credit Income Fund Class I | Multistrategy | 98 | 3.50% | — | Nov 2017 | XPMIX vs FCRIX | |
| Yum China Holdings, Inc. | 31 | -8.79% | — | — | XPMIX vs YUMC | ||
| American Electric Power Company, Inc. | 87 | 19.24% | — | — | XPMIX vs AEP |
Compare XPMIX with Any Fund or Stock
Compare XPMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XPMIX with funds that move differently
StepStone Private Markets Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XPMIX.
Explore XPMIX Diversifiers