FSMSX vs. GAFYX
Compare and contrast key facts about FS Multi-Strategy Alternatives Fund (FSMSX) and AlphaSimplex Global Alternatives Fund (GAFYX).
FSMSX is managed by FS Investments. It was launched on May 15, 2017. GAFYX is managed by Natixis Funds. It was launched on Sep 29, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMSX or GAFYX.
Key characteristics
| FSMSX | GAFYX | |
|---|---|---|
| YTD Return | 4.03% | 10.78% |
| 1Y Return | 4.43% | 11.95% |
| 3Y Return (Ann) | 5.36% | 3.91% |
| 5Y Return (Ann) | 4.42% | 2.85% |
| Sharpe Ratio | 1.72 | 1.75 |
| Sortino Ratio | 2.42 | 2.32 |
| Omega Ratio | 1.36 | 1.33 |
| Calmar Ratio | 2.20 | 1.90 |
| Martin Ratio | 5.74 | 8.57 |
| Ulcer Index | 0.77% | 1.36% |
| Daily Std Dev | 2.58% | 6.64% |
| Max Drawdown | -9.41% | -21.09% |
| Current Drawdown | -0.44% | 0.00% |
Correlation
The correlation between FSMSX and GAFYX is 0.31, 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.
Performance
FSMSX vs. GAFYX - Performance Comparison
In the year-to-date period, FSMSX achieves a 4.03% return, which is significantly lower than GAFYX's 10.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSMSX vs. GAFYX - Expense Ratio Comparison
FSMSX has a 1.89% expense ratio, which is higher than GAFYX's 1.24% expense ratio.
Risk-Adjusted Performance
FSMSX vs. GAFYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Multi-Strategy Alternatives Fund (FSMSX) and AlphaSimplex Global Alternatives Fund (GAFYX). 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.
Dividends
FSMSX vs. GAFYX - Dividend Comparison
FSMSX's dividend yield for the trailing twelve months is around 3.43%, less than GAFYX's 4.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 3.43% | 3.57% | 2.97% | 3.22% | 0.77% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GAFYX AlphaSimplex Global Alternatives Fund | 4.56% | 5.24% | 9.57% | 0.00% | 2.57% | 1.15% | 1.37% | 0.75% | 0.00% | 0.00% | 0.00% | 0.59% |
Drawdowns
FSMSX vs. GAFYX - Drawdown Comparison
The maximum FSMSX drawdown since its inception was -9.41%, smaller than the maximum GAFYX drawdown of -21.09%. Use the drawdown chart below to compare losses from any high point for FSMSX and GAFYX. For additional features, visit the drawdowns tool.
Volatility
FSMSX vs. GAFYX - Volatility Comparison
The current volatility for FS Multi-Strategy Alternatives Fund (FSMSX) is 0.73%, while AlphaSimplex Global Alternatives Fund (GAFYX) has a volatility of 1.94%. This indicates that FSMSX experiences smaller price fluctuations and is considered to be less risky than GAFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.