FSMSX vs. VONG
Compare and contrast key facts about FS Multi-Strategy Alternatives Fund (FSMSX) and Vanguard Russell 1000 Growth ETF (VONG).
FSMSX is managed by FS Investments. It was launched on May 15, 2017. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010.
Performance
FSMSX vs. VONG - Performance Comparison
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FSMSX vs. VONG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 0.90% | 4.13% | 4.63% | 5.44% | 3.17% | 13.97% | -3.66% | 7.77% | -3.82% | 2.00% |
VONG Vanguard Russell 1000 Growth ETF | -9.79% | 18.45% | 33.20% | 42.67% | -29.18% | 27.60% | 38.30% | 36.06% | -1.53% | 15.52% |
Returns By Period
In the year-to-date period, FSMSX achieves a 0.90% return, which is significantly higher than VONG's -9.79% return.
FSMSX
- 1D
- 0.18%
- 1M
- -0.53%
- YTD
- 0.90%
- 6M
- 2.31%
- 1Y
- 4.69%
- 3Y*
- 4.46%
- 5Y*
- 4.95%
- 10Y*
- —
VONG
- 1D
- 3.76%
- 1M
- -5.21%
- YTD
- -9.79%
- 6M
- -8.75%
- 1Y
- 18.79%
- 3Y*
- 21.10%
- 5Y*
- 12.35%
- 10Y*
- 16.65%
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FSMSX vs. VONG - Expense Ratio Comparison
FSMSX has a 1.89% expense ratio, which is higher than VONG's 0.06% expense ratio.
Return for Risk
FSMSX vs. VONG — Risk / Return Rank
FSMSX
VONG
FSMSX vs. VONG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Multi-Strategy Alternatives Fund (FSMSX) and Vanguard Russell 1000 Growth ETF (VONG). 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.
| FSMSX | VONG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.84 | +0.67 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.36 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.16 | +0.94 |
Martin ratioReturn relative to average drawdown | 6.99 | 4.00 | +2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSMSX | VONG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.84 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.58 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.84 | -0.03 |
Correlation
The correlation between FSMSX and VONG is 0.22, 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
FSMSX vs. VONG - Dividend Comparison
FSMSX's dividend yield for the trailing twelve months is around 4.08%, more than VONG's 0.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 4.08% | 4.12% | 2.48% | 3.61% | 4.12% | 3.22% | 0.77% | 2.20% | 0.82% | 0.00% | 0.00% | 0.00% |
VONG Vanguard Russell 1000 Growth ETF | 0.51% | 0.45% | 0.55% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% |
Drawdowns
FSMSX vs. VONG - Drawdown Comparison
The maximum FSMSX drawdown since its inception was -8.94%, smaller than the maximum VONG drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for FSMSX and VONG.
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Drawdown Indicators
| FSMSX | VONG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.94% | -32.72% | +23.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -16.23% | +13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -4.13% | -32.72% | +28.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.72% | — |
Current DrawdownCurrent decline from peak | -0.62% | -13.09% | +12.47% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -4.90% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 4.72% | -4.02% |
Volatility
FSMSX vs. VONG - Volatility Comparison
The current volatility for FS Multi-Strategy Alternatives Fund (FSMSX) is 1.28%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 6.72%. This indicates that FSMSX experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMSX | VONG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 6.72% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 12.34% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 22.40% | -19.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 21.35% | -16.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 20.82% | -16.15% |