FSMSX vs. SRDAX
Compare and contrast key facts about FS Multi-Strategy Alternatives Fund (FSMSX) and Stone Ridge Diversified Alternatives Fund (SRDAX).
FSMSX is managed by FS Investments. It was launched on May 15, 2017. SRDAX is managed by STONE RIDGE. It was launched on Apr 29, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMSX or SRDAX.
Correlation
The correlation between FSMSX and SRDAX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FSMSX vs. SRDAX - Performance Comparison
Key characteristics
FSMSX:
0.21
SRDAX:
0.60
FSMSX:
0.32
SRDAX:
0.71
FSMSX:
1.05
SRDAX:
1.13
FSMSX:
0.27
SRDAX:
0.44
FSMSX:
0.71
SRDAX:
1.47
FSMSX:
1.07%
SRDAX:
1.83%
FSMSX:
3.33%
SRDAX:
4.69%
FSMSX:
-9.41%
SRDAX:
-6.33%
FSMSX:
-1.60%
SRDAX:
-5.50%
Returns By Period
In the year-to-date period, FSMSX achieves a -0.63% return, which is significantly higher than SRDAX's -4.97% return.
FSMSX
-0.63%
0.27%
0.06%
0.68%
5.40%
N/A
SRDAX
-4.97%
-0.39%
-3.46%
2.78%
7.94%
N/A
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FSMSX vs. SRDAX - Expense Ratio Comparison
FSMSX has a 1.89% expense ratio, which is higher than SRDAX's 1.27% expense ratio.
Risk-Adjusted Performance
FSMSX vs. SRDAX — Risk-Adjusted Performance Rank
FSMSX
SRDAX
FSMSX vs. SRDAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Multi-Strategy Alternatives Fund (FSMSX) and Stone Ridge Diversified Alternatives Fund (SRDAX). 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. SRDAX - Dividend Comparison
FSMSX's dividend yield for the trailing twelve months is around 2.34%, less than SRDAX's 8.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 2.34% | 2.32% | 3.57% | 2.97% | 3.22% | 0.77% | 2.20% |
SRDAX Stone Ridge Diversified Alternatives Fund | 8.58% | 8.16% | 14.97% | 3.22% | 8.99% | 3.07% | 0.00% |
Drawdowns
FSMSX vs. SRDAX - Drawdown Comparison
The maximum FSMSX drawdown since its inception was -9.41%, which is greater than SRDAX's maximum drawdown of -6.33%. Use the drawdown chart below to compare losses from any high point for FSMSX and SRDAX. For additional features, visit the drawdowns tool.
Volatility
FSMSX vs. SRDAX - Volatility Comparison
FS Multi-Strategy Alternatives Fund (FSMSX) has a higher volatility of 1.33% compared to Stone Ridge Diversified Alternatives Fund (SRDAX) at 1.12%. This indicates that FSMSX's price experiences larger fluctuations and is considered to be riskier than SRDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.