CGFIX vs. FSLTX

Last updated Aug 1, 2026

CGFIX (abrdn Global Absolute Return Strategies Fund) and FSLTX (Strategic Advisers Alternatives Fund) are both Multistrategy funds. Over the past 3 years, CGFIX returned 5.07%/yr vs 8.39%/yr for FSLTX. Their -0.01 correlation means they have often moved in opposite directions in the past. CGFIX charges 0.78%/yr vs 1.56%/yr for FSLTX.

Performance

CGFIX vs. FSLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Global Absolute Return Strategies Fund (CGFIX) and Strategic Advisers Alternatives Fund (FSLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGFIX achieves a 0.33% return, which is significantly lower than FSLTX's 5.28% return.

CGFIX

• 1D: 0.12%
• 1M: -1.42%
• 6M: -0.43%
• YTD: 0.33%
• 1Y: 3.20%
• 3Y*: 5.07%
• 5Y*: 0.27%
• 10Y*: 1.63%
• ALL TIME*: 4.57%

FSLTX

• 1D: 0.10%
• 1M: -0.29%
• 6M: 3.39%
• YTD: 5.28%
• 1Y: 9.85%
• 3Y*: 8.39%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGFIX abrdn Global Absolute Return Strategies Fund	$0.00	$0.00	$0.00
FSLTX Strategic Advisers Alternatives Fund	$0.00	$0.00	$0.00

CGFIX vs. FSLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGFIX abrdn Global Absolute Return Strategies Fund	0.33%	5.79%	4.85%	-1.01%
FSLTX Strategic Advisers Alternatives Fund	5.28%	7.69%	10.10%	1.68%

Correlation

The correlation between CGFIX and FSLTX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (3Y) Balances recent behavior with more history.	0.01
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023	-0.01

Return for Risk

CGFIX vs. FSLTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGFIX

CGFIX Risk / Return Rank: 37
CGFIX Sharpe Ratio Rank: 43
CGFIX Sortino Ratio Rank: 40
CGFIX Omega Ratio Rank: 43
CGFIX Calmar Ratio Rank: 31
CGFIX Martin Ratio Rank: 31

FSLTX

FSLTX Risk / Return Rank: 99
FSLTX Sharpe Ratio Rank: 100
FSLTX Sortino Ratio Rank: 99
FSLTX Omega Ratio Rank: 99
FSLTX Calmar Ratio Rank: 99
FSLTX Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGFIX vs. FSLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Global Absolute Return Strategies Fund (CGFIX) and Strategic Advisers Alternatives Fund (FSLTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CGFIX	FSLTX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	5.07	-3.84
Sortino ratio: Return per unit of downside risk	1.72	7.84	-6.12
Omega ratio: Gain probability vs. loss probability	1.23	2.46	-1.23
Calmar ratio: Return relative to maximum drawdown	1.38	13.23	-11.85
Martin ratio: Return relative to average drawdown	4.54	55.37	-50.82

CGFIX vs. FSLTX - Sharpe Ratio Comparison

The current CGFIX Sharpe Ratio is 1.23, which is lower than the FSLTX Sharpe Ratio of 5.07. The chart below compares the historical Sharpe Ratios of CGFIX and FSLTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGFIX vs. FSLTX - Drawdown Comparison

The maximum CGFIX drawdown since its inception was -20.28%, which is greater than FSLTX's maximum drawdown of -3.78%. Use the drawdown chart below to compare losses from any high point for CGFIX and FSLTX.

Drawdown Indicators

	CGFIX	FSLTX	Difference
Max Drawdown Largest peak-to-trough decline	-20.28%	-3.78%	-16.50%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-0.86%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-5.01%	-3.78%	-1.23%
Max Drawdown (5Y) Largest decline over 5 years	-20.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.28%	—	—
Current Drawdown Current decline from peak	-2.65%	-0.58%	-2.07%
Average Drawdown Average peak-to-trough decline	-3.19%	-0.59%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.26%	+0.58%

Volatility

CGFIX vs. FSLTX - Volatility Comparison

The current volatility for abrdn Global Absolute Return Strategies Fund (CGFIX) is 0.84%, while Strategic Advisers Alternatives Fund (FSLTX) has a volatility of 1.07%. This indicates that CGFIX experiences smaller price fluctuations and is considered to be less risky than FSLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGFIX	FSLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	1.07%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	1.77%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	3.11%	2.25%	+0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.74%	4.81%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	4.81%	-0.12%

CGFIX vs. FSLTX - Expense Ratio Comparison

CGFIX has a 0.78% expense ratio, which is lower than FSLTX's 1.56% expense ratio.

Dividends

CGFIX vs. FSLTX - Dividend Comparison

CGFIX's dividend yield for the trailing twelve months is around 5.66%, more than FSLTX's 5.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGFIX abrdn Global Absolute Return Strategies Fund	5.66%	5.51%	6.43%	2.08%	0.00%	7.49%	0.23%	3.29%	6.05%	0.33%	1.12%	0.35%
FSLTX Strategic Advisers Alternatives Fund	5.23%	5.50%	7.52%	3.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGFIX and FSLTX in my portfolio?

CGFIX and FSLTX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGFIX or FSLTX?

FSLTX has higher volatility (1.07%) compared to CGFIX (0.84%). In terms of maximum drawdown, CGFIX dropped -20.28% vs FSLTX's -3.78%.

Which has better risk-adjusted returns?

FSLTX currently has the higher Sharpe Ratio (5.07 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.