FSLTX vs. DMSFX
FSLTX (Strategic Advisers Alternatives Fund) and DMSFX (Destinations Multi Strategy Alternatives Fund) are both Multistrategy funds. Over the past 3 years, FSLTX returned 8.75%/yr vs 5.83%/yr for DMSFX. At a 0.14 correlation, their price movements are largely independent. FSLTX charges 1.56%/yr vs 1.15%/yr for DMSFX.
Performance
FSLTX vs. DMSFX - Performance Comparison
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Returns By Period
In the year-to-date period, FSLTX achieves a 5.69% return, which is significantly higher than DMSFX's 0.33% return.
FSLTX
- 1D
- 0.10%
- 1M
- 0.68%
- YTD
- 5.69%
- 6M
- 5.71%
- 1Y
- 10.27%
- 3Y*
- 8.75%
- 5Y*
- —
- 10Y*
- —
DMSFX
- 1D
- -0.10%
- 1M
- -0.19%
- YTD
- 0.33%
- 6M
- 0.29%
- 1Y
- 3.59%
- 3Y*
- 5.83%
- 5Y*
- 4.04%
- 10Y*
- —
FSLTX vs. DMSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FSLTX Strategic Advisers Alternatives Fund | 5.69% | 7.69% | 10.10% | 1.68% |
DMSFX Destinations Multi Strategy Alternatives Fund | 0.33% | 3.65% | 6.40% | 9.89% |
Correlation
The correlation between FSLTX and DMSFX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023 | 0.14 |
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Return for Risk
FSLTX vs. DMSFX — Risk / Return Rank
FSLTX
DMSFX
FSLTX vs. DMSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Alternatives Fund (FSLTX) and Destinations Multi Strategy Alternatives Fund (DMSFX). 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.
| FSLTX | DMSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.17 | ||
| Sortino ratioReturn per unit of downside risk | +7.00 | ||
| Omega ratioGain probability vs. loss probability | 2.63 | 1.27 | +1.35 |
| Calmar ratioReturn relative to maximum drawdown | 12.15 | 1.58 | +10.57 |
| Martin ratioReturn relative to average drawdown | 56.37 | 4.68 | +51.69 |
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Drawdowns
FSLTX vs. DMSFX - Drawdown Comparison
The maximum FSLTX drawdown since its inception was -3.78%, smaller than the maximum DMSFX drawdown of -21.11%. Use the drawdown chart below to compare losses from any high point for FSLTX and DMSFX.
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Drawdown Indicators
| FSLTX | DMSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.78% | -21.11% | +17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -2.47% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -5.02% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.54% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -1.59% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.82% | -0.56% |
Volatility
FSLTX vs. DMSFX - Volatility Comparison
The current volatility for Strategic Advisers Alternatives Fund (FSLTX) is 0.45%, while Destinations Multi Strategy Alternatives Fund (DMSFX) has a volatility of 0.55%. This indicates that FSLTX experiences smaller price fluctuations and is considered to be less risky than DMSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLTX | DMSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.55% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 1.60% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 2.77% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 3.68% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 5.02% | -0.17% |
FSLTX vs. DMSFX - Expense Ratio Comparison
FSLTX has a 1.56% expense ratio, which is higher than DMSFX's 1.15% expense ratio.
Dividends
FSLTX vs. DMSFX - Dividend Comparison
FSLTX's dividend yield for the trailing twelve months is around 5.21%, more than DMSFX's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DMSFX Destinations Multi Strategy Alternatives Fund | 3.74% | 3.42% | 6.41% | 6.62% | 3.05% | 4.68% | 1.48% | 4.64% | 4.31% | 2.00% |
FSLTX Strategic Advisers Alternatives Fund | 5.21% | 5.50% | 7.52% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSLTX and DMSFX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMSFX has higher volatility (0.55%) compared to FSLTX (0.45%). In terms of maximum drawdown, FSLTX dropped -3.78% vs DMSFX's -21.11%.
FSLTX currently has the higher Sharpe Ratio (5.58 vs 1.41), 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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