BAMBX vs. GIMMX
Compare and contrast key facts about BlackRock Systematic Multi-Strategy Fund (BAMBX) and Goldman Sachs Multi-Manager Alternatives Fund (GIMMX).
BAMBX is a passively managed fund by BlackRock that tracks the performance of the ICE BofA 3 Month Treasury Bill Index (G0O1) (USD). It was launched on Sep 29, 2020. GIMMX is managed by Goldman Sachs. It was launched on Apr 29, 2013.
Performance
BAMBX vs. GIMMX - Performance Comparison
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BAMBX vs. GIMMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 0.97% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 1.51% | 9.72% |
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | -0.55% | 15.44% | -4.85% | 2.78% | -4.72% | 6.14% | 6.45% | 7.60% | -3.51% | -0.19% |
Returns By Period
In the year-to-date period, BAMBX achieves a 0.97% return, which is significantly higher than GIMMX's -0.55% return. Over the past 10 years, BAMBX has outperformed GIMMX with an annualized return of 4.43%, while GIMMX has yielded a comparatively lower 2.71% annualized return.
BAMBX
- 1D
- 0.48%
- 1M
- -3.15%
- YTD
- 0.97%
- 6M
- 2.65%
- 1Y
- 2.75%
- 3Y*
- 6.24%
- 5Y*
- 3.91%
- 10Y*
- 4.43%
GIMMX
- 1D
- -0.09%
- 1M
- -3.32%
- YTD
- -0.55%
- 6M
- 1.53%
- 1Y
- 8.81%
- 3Y*
- 4.05%
- 5Y*
- 2.70%
- 10Y*
- 2.71%
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BAMBX vs. GIMMX - Expense Ratio Comparison
BAMBX has a 1.20% expense ratio, which is lower than GIMMX's 1.93% expense ratio.
Return for Risk
BAMBX vs. GIMMX — Risk / Return Rank
BAMBX
GIMMX
BAMBX vs. GIMMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Fund (BAMBX) and Goldman Sachs Multi-Manager Alternatives Fund (GIMMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BAMBX | GIMMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.10 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.62 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.18 | -1.25 |
Martin ratioReturn relative to average drawdown | 3.30 | 6.93 | -3.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAMBX | GIMMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.10 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.46 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.25 | 0.50 | +0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.38 | +0.96 |
Correlation
The correlation between BAMBX and GIMMX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BAMBX vs. GIMMX - Dividend Comparison
BAMBX's dividend yield for the trailing twelve months is around 1.95%, less than GIMMX's 8.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.95% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% | 0.00% |
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 8.42% | 8.38% | 5.08% | 3.43% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% |
Drawdowns
BAMBX vs. GIMMX - Drawdown Comparison
The maximum BAMBX drawdown since its inception was -8.84%, smaller than the maximum GIMMX drawdown of -12.67%. Use the drawdown chart below to compare losses from any high point for BAMBX and GIMMX.
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Drawdown Indicators
| BAMBX | GIMMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -12.67% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -4.18% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -6.66% | -12.67% | +6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | -12.67% | +3.83% |
Current DrawdownCurrent decline from peak | -3.15% | -4.18% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -4.24% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.31% | -0.30% |
Volatility
BAMBX vs. GIMMX - Volatility Comparison
The current volatility for BlackRock Systematic Multi-Strategy Fund (BAMBX) is 1.49%, while Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) has a volatility of 2.41%. This indicates that BAMBX experiences smaller price fluctuations and is considered to be less risky than GIMMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAMBX | GIMMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 2.41% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 7.50% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 8.43% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 5.87% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 5.44% | -1.90% |