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