DMSFX vs. GAAVX
DMSFX (Destinations Multi Strategy Alternatives Fund) and GAAVX (GMO Alternative Allocation Fund) are both Multistrategy funds. Over the past 5 years, DMSFX returned 4.29%/yr vs 4.63%/yr for GAAVX. Their 0.25 correlation means their historical movements had little consistent relationship. DMSFX charges 1.15%/yr vs 0.61%/yr for GAAVX.
Performance
DMSFX vs. GAAVX - Performance Comparison
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Returns By Period
In the year-to-date period, DMSFX achieves a 1.12% return, which is significantly lower than GAAVX's 6.26% return.
DMSFX
- 1D
- 0.19%
- 1M
- 0.10%
- 6M
- 1.12%
- YTD
- 1.12%
- 1Y
- 5.12%
- 3Y*
- 5.46%
- 5Y*
- 4.29%
- 10Y*
- —
- ALL TIME*
- 4.41%
GAAVX
- 1D
- 1.46%
- 1M
- 5.68%
- 6M
- 3.00%
- YTD
- 6.26%
- 1Y
- 16.94%
- 3Y*
- 6.15%
- 5Y*
- 4.63%
- 10Y*
- —
- ALL TIME*
- 3.05%
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. GAAVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DMSFX Destinations Multi Strategy Alternatives Fund | 1.12% | 3.65% | 6.40% | 12.82% | -3.45% | 5.22% | 10.01% | 2.05% |
GAAVX GMO Alternative Allocation Fund | 6.26% | 15.19% | -5.70% | 6.07% | 3.63% | -5.12% | -0.28% | 3.49% |
Correlation
The correlation between DMSFX and GAAVX is 0.05, 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. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.25 |
The correlation between DMSFX and GAAVX shifts across timeframes, from 0.05 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DMSFX vs. GAAVX — Risk / Return Rank
DMSFX
GAAVX
DMSFX vs. GAAVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destinations Multi Strategy Alternatives Fund (DMSFX) and GMO Alternative Allocation Fund (GAAVX). 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 | GAAVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 4.06 | -2.10 |
| Martin ratioReturn relative to average drawdown | 5.99 | 11.47 | -5.48 |
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Drawdowns
DMSFX vs. GAAVX - Drawdown Comparison
The maximum DMSFX drawdown since its inception was -21.11%, which is greater than GAAVX's maximum drawdown of -9.59%. Use the drawdown chart below to compare losses from any high point for DMSFX and GAAVX.
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Drawdown Indicators
| DMSFX | GAAVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.11% | -9.59% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -4.29% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -7.73% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -7.73% | +0.89% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -3.06% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.52% | -0.72% |
Volatility
DMSFX vs. GAAVX - Volatility Comparison
The current volatility for Destinations Multi Strategy Alternatives Fund (DMSFX) is 0.69%, while GMO Alternative Allocation Fund (GAAVX) has a volatility of 2.38%. This indicates that DMSFX experiences smaller price fluctuations and is considered to be less risky than GAAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMSFX | GAAVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 2.38% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 5.53% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 6.94% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 5.96% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 5.97% | -0.98% |
DMSFX vs. GAAVX - Expense Ratio Comparison
DMSFX has a 1.15% expense ratio, which is higher than GAAVX's 0.61% expense ratio.
Dividends
DMSFX vs. GAAVX - Dividend Comparison
DMSFX's dividend yield for the trailing twelve months is around 4.62%, less than GAAVX's 8.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DMSFX Destinations Multi Strategy Alternatives Fund | 4.62% | 3.42% | 6.41% | 6.62% | 3.05% | 4.68% | 1.48% | 4.64% | 4.31% | 2.00% |
GAAVX GMO Alternative Allocation Fund | 8.71% | 8.78% | 0.00% | 5.18% | 0.91% | 4.10% | 2.41% | 2.61% | 0.00% | 0.00% |
Frequently Asked Questions
DMSFX and GAAVX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAAVX has higher volatility (2.38%) compared to DMSFX (0.69%). In terms of maximum drawdown, DMSFX dropped -21.11% vs GAAVX's -9.59%.
GAAVX currently has the higher Sharpe Ratio (2.51 vs 1.95), 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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