DMSFX vs. DLDFX

Last updated Apr 1, 2026

Compare and contrast key facts about Destinations Multi Strategy Alternatives Fund (DMSFX) and Destinations Low Duration Fixed Income Fund (DLDFX).

DMSFX is managed by Destinations Funds. It was launched on Mar 19, 2017. DLDFX is managed by Destinations Funds. It was launched on Mar 20, 2017.

Performance

DMSFX vs. DLDFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destinations Multi Strategy Alternatives Fund (DMSFX) and Destinations Low Duration Fixed Income Fund (DLDFX). The values are adjusted to include any dividend payments, if applicable.

DMSFX vs. DLDFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DMSFX Destinations Multi Strategy Alternatives Fund	-1.62%	3.65%	6.40%	12.82%	-3.45%	5.22%	10.01%	2.89%
DLDFX Destinations Low Duration Fixed Income Fund	1.24%	4.91%	6.09%	7.11%	-2.59%	5.41%	1.52%	1.16%

Returns By Period

In the year-to-date period, DMSFX achieves a -1.62% return, which is significantly lower than DLDFX's 1.24% return.

DMSFX

• 1D: -0.07%
• 1M: -1.14%
• YTD: -1.62%
• 6M: 0.20%
• 1Y: 3.38%
• 3Y*: 5.98%
• 5Y*: 4.00%
• 10Y*: —

DLDFX

• 1D: 0.04%
• 1M: -0.28%
• YTD: 1.24%
• 6M: 2.37%
• 1Y: 5.86%
• 3Y*: 5.82%
• 5Y*: 3.89%
• 10Y*: —

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

DMSFX vs. DLDFX - Expense Ratio Comparison

DMSFX has a 1.15% expense ratio, which is higher than DLDFX's 0.93% expense ratio.

DMSFX

Destinations Multi Strategy Alternatives Fund

DLDFX

Destinations Low Duration Fixed Income Fund

Return for Risk

DMSFX vs. DLDFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DMSFX

DMSFX Risk / Return Rank: 22
DMSFX Sharpe Ratio Rank: 21
DMSFX Sortino Ratio Rank: 18
DMSFX Omega Ratio Rank: 24
DMSFX Calmar Ratio Rank: 22
DMSFX Martin Ratio Rank: 25

DLDFX

DLDFX Risk / Return Rank: 98
DLDFX Sharpe Ratio Rank: 98
DLDFX Sortino Ratio Rank: 98
DLDFX Omega Ratio Rank: 98
DLDFX Calmar Ratio Rank: 98
DLDFX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMSFX vs. DLDFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Multi Strategy Alternatives Fund (DMSFX) and Destinations Low Duration Fixed Income Fund (DLDFX). 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.

	DMSFX	DLDFX	Difference
Sharpe ratio Return per unit of total volatility	0.56	3.11	-2.55
Sortino ratio Return per unit of downside risk	0.79	5.29	-4.50
Omega ratio Gain probability vs. loss probability	1.14	1.99	-0.85
Calmar ratio Return relative to maximum drawdown	0.65	4.37	-3.72
Martin ratio Return relative to average drawdown	2.75	22.98	-20.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DMSFX vs. DLDFX - Sharpe Ratio Comparison

The current DMSFX Sharpe Ratio is 0.56, which is lower than the DLDFX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of DMSFX and DLDFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DMSFX	DLDFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	3.11	-2.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	2.20	-1.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.73	-0.89

Correlation

The correlation between DMSFX and DLDFX is 0.27, 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

DMSFX vs. DLDFX - Dividend Comparison

DMSFX's dividend yield for the trailing twelve months is around 3.81%, less than DLDFX's 5.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DMSFX Destinations Multi Strategy Alternatives Fund	3.81%	3.42%	6.41%	6.62%	3.05%	4.68%	1.48%	4.64%	4.31%	2.00%
DLDFX Destinations Low Duration Fixed Income Fund	5.50%	5.29%	5.64%	4.77%	4.54%	3.74%	3.86%	2.18%	0.00%	0.00%

Drawdowns

DMSFX vs. DLDFX - Drawdown Comparison

The maximum DMSFX drawdown since its inception was -21.11%, which is greater than DLDFX's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for DMSFX and DLDFX.

Drawdown Indicators

	DMSFX	DLDFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.11%	-8.64%	-12.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.34%	-1.08%	-2.26%
Max Drawdown (5Y) Largest decline over 5 years	-6.84%	-3.88%	-2.96%
Current Drawdown Current decline from peak	-2.47%	-0.49%	-1.98%
Average Drawdown Average peak-to-trough decline	-1.61%	-0.72%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.25%	+0.72%

Volatility

DMSFX vs. DLDFX - Volatility Comparison

Destinations Multi Strategy Alternatives Fund (DMSFX) has a higher volatility of 0.67% compared to Destinations Low Duration Fixed Income Fund (DLDFX) at 0.47%. This indicates that DMSFX's price experiences larger fluctuations and is considered to be riskier than DLDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMSFX	DLDFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.47%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	1.80%	1.28%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	5.10%	1.91%	+3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.72%	1.79%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.07%	2.09%	+2.98%