DMSFX vs. DGFFX
DMSFX (Destinations Multi Strategy Alternatives Fund) and DGFFX (Destinations Global Fixed Income Opportunities Fund) are both mutual funds - DMSFX is a Multistrategy fund managed by Destinations Funds, while DGFFX is a Global Bonds fund managed by Destinations Funds. Over the past 5 years, DMSFX returned 4.25%/yr vs 3.76%/yr for DGFFX. Their 0.36 correlation means their historical movements had little consistent relationship. DMSFX charges 1.15%/yr vs 0.99%/yr for DGFFX.
Performance
DMSFX vs. DGFFX - Performance Comparison
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Returns By Period
In the year-to-date period, DMSFX achieves a 0.92% return, which is significantly lower than DGFFX's 2.91% return.
DMSFX
- 1D
- -0.19%
- 1M
- -0.10%
- 6M
- 1.02%
- YTD
- 0.92%
- 1Y
- 4.91%
- 3Y*
- 5.46%
- 5Y*
- 4.25%
- 10Y*
- —
- ALL TIME*
- 4.39%
DGFFX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 2.04%
- YTD
- 2.91%
- 1Y
- 5.51%
- 3Y*
- 6.93%
- 5Y*
- 3.76%
- 10Y*
- —
- ALL TIME*
- 3.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DMSFX vs. DGFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMSFX Destinations Multi Strategy Alternatives Fund | 0.92% | 3.65% | 6.40% | 12.82% | -3.45% | 5.22% | 10.01% | 8.93% | -4.99% | 2.93% |
DGFFX Destinations Global Fixed Income Opportunities Fund | 2.91% | 5.84% | 8.04% | 7.82% | -6.09% | 4.91% | 3.59% | 6.64% | -0.35% | 3.57% |
Correlation
The correlation between DMSFX and DGFFX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017 | 0.36 |
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Return for Risk
DMSFX vs. DGFFX — Risk / Return Rank
DMSFX
DGFFX
DMSFX vs. DGFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destinations Multi Strategy Alternatives Fund (DMSFX) and Destinations Global Fixed Income Opportunities Fund (DGFFX). 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.
| DMSFX | DGFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.78 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 5.65 | -3.82 |
| Martin ratioReturn relative to average drawdown | 5.60 | 25.57 | -19.98 |
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Drawdowns
DMSFX vs. DGFFX - Drawdown Comparison
The maximum DMSFX drawdown since its inception was -21.11%, which is greater than DGFFX's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for DMSFX and DGFFX.
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Drawdown Indicators
| DMSFX | DGFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.11% | -12.69% | -8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -1.19% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -3.38% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -8.17% | +1.33% |
Current DrawdownCurrent decline from peak | -0.19% | -0.21% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -1.30% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.24% | +0.56% |
Volatility
DMSFX vs. DGFFX - Volatility Comparison
Destinations Multi Strategy Alternatives Fund (DMSFX) has a higher volatility of 0.67% compared to Destinations Global Fixed Income Opportunities Fund (DGFFX) at 0.44%. This indicates that DMSFX's price experiences larger fluctuations and is considered to be riskier than DGFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMSFX | DGFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.44% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 1.50% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 2.02% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 2.43% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 2.59% | +2.40% |
DMSFX vs. DGFFX - Expense Ratio Comparison
DMSFX has a 1.15% expense ratio, which is higher than DGFFX's 0.99% expense ratio.
Dividends
DMSFX vs. DGFFX - Dividend Comparison
DMSFX's dividend yield for the trailing twelve months is around 4.63%, less than DGFFX's 6.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DGFFX Destinations Global Fixed Income Opportunities Fund | 6.83% | 5.52% | 6.81% | 4.95% | 3.37% | 4.14% | 4.22% | 4.18% | 3.79% | 2.94% |
DMSFX Destinations Multi Strategy Alternatives Fund | 4.63% | 3.42% | 6.41% | 6.62% | 3.05% | 4.68% | 1.48% | 4.64% | 4.31% | 2.00% |
Frequently Asked Questions
DMSFX and DGFFX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMSFX has higher volatility (0.67%) compared to DGFFX (0.44%). In terms of maximum drawdown, DMSFX dropped -21.11% vs DGFFX's -12.69%.
DGFFX currently has the higher Sharpe Ratio (3.33 vs 1.83), 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.
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