GFSYX vs. TMSRX

Last updated Jun 4, 2026

GFSYX (GuideStone Funds Strategic Alternatives Fund) and TMSRX (T. Rowe Price Multi-Strategy Total Return Fund) are both Multistrategy funds. Over the past 5 years, GFSYX returned 4.64%/yr vs 0.99%/yr for TMSRX. At a correlation of -0.05, they often move in opposite directions. GFSYX charges 1.15%/yr vs 1.19%/yr for TMSRX.

Performance

GFSYX vs. TMSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds Strategic Alternatives Fund (GFSYX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFSYX achieves a 0.11% return, which is significantly lower than TMSRX's 0.41% return.

GFSYX

• 1D: -0.33%
• 1M: 0.90%
• YTD: 0.11%
• 6M: 0.96%
• 1Y: 2.79%
• 3Y*: 5.75%
• 5Y*: 4.64%
• 10Y*: —

TMSRX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.41%
• 6M: 0.72%
• 1Y: 3.60%
• 3Y*: 4.02%
• 5Y*: 0.99%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFSYX vs. TMSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GFSYX GuideStone Funds Strategic Alternatives Fund	0.11%	5.49%	7.60%	5.98%	-0.57%	4.96%	-0.17%	4.94%	0.24%
TMSRX T. Rowe Price Multi-Strategy Total Return Fund	0.41%	2.95%	5.36%	5.09%	-4.69%	-2.08%	13.21%	7.59%	-4.11%

Correlation

The correlation between GFSYX and TMSRX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018	-0.05

Return for Risk

GFSYX vs. TMSRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GFSYX

GFSYX Risk / Return Rank: 18
GFSYX Sharpe Ratio Rank: 15
GFSYX Sortino Ratio Rank: 15
GFSYX Omega Ratio Rank: 16
GFSYX Calmar Ratio Rank: 29
GFSYX Martin Ratio Rank: 15

TMSRX

TMSRX Risk / Return Rank: 75
TMSRX Sharpe Ratio Rank: 52
TMSRX Sortino Ratio Rank: 55
TMSRX Omega Ratio Rank: 91
TMSRX Calmar Ratio Rank: 88
TMSRX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFSYX vs. TMSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Strategic Alternatives Fund (GFSYX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). 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.

	GFSYX	TMSRX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.13	-1.03
Sortino ratio: Return per unit of downside risk	1.60	3.12	-1.53
Omega ratio: Gain probability vs. loss probability	1.21	1.66	-0.46
Calmar ratio: Return relative to maximum drawdown	2.02	4.36	-2.34
Martin ratio: Return relative to average drawdown	4.27	17.80	-13.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFSYX vs. TMSRX - Sharpe Ratio Comparison

The current GFSYX Sharpe Ratio is 1.10, which is lower than the TMSRX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of GFSYX and TMSRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GFSYX	TMSRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	2.13	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	0.36	+0.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.83	+0.06

Drawdowns

GFSYX vs. TMSRX - Drawdown Comparison

The maximum GFSYX drawdown since its inception was -9.54%, smaller than the maximum TMSRX drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for GFSYX and TMSRX.

Drawdown Indicators

	GFSYX	TMSRX	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-10.67%	+1.13%
Max Drawdown (1Y) Largest decline over 1 year	-1.34%	-0.83%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	-2.79%	-1.70%
Max Drawdown (5Y) Largest decline over 5 years	-4.49%	-10.59%	+6.10%
Current Drawdown Current decline from peak	-0.33%	-0.16%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.91%	-2.73%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.20%	+0.45%

Volatility

GFSYX vs. TMSRX - Volatility Comparison

GuideStone Funds Strategic Alternatives Fund (GFSYX) has a higher volatility of 0.92% compared to T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) at 0.00%. This indicates that GFSYX's price experiences larger fluctuations and is considered to be riskier than TMSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFSYX	TMSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	0.00%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	1.95%	1.01%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	1.70%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	2.76%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.72%	3.28%	+0.44%

GFSYX vs. TMSRX - Expense Ratio Comparison

GFSYX has a 1.15% expense ratio, which is lower than TMSRX's 1.19% expense ratio.

Dividends

GFSYX vs. TMSRX - Dividend Comparison

GFSYX's dividend yield for the trailing twelve months is around 7.17%, less than TMSRX's 9.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFSYX GuideStone Funds Strategic Alternatives Fund	7.17%	7.18%	8.54%	13.00%	4.20%	1.59%	1.53%	2.24%	2.17%	0.70%
TMSRX T. Rowe Price Multi-Strategy Total Return Fund	9.49%	7.59%	6.72%	5.95%	2.29%	2.88%	3.35%	3.00%	3.56%	0.00%

Frequently Asked Questions

Can I hold both GFSYX and TMSRX in my portfolio?

GFSYX and TMSRX 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.

Which is riskier, GFSYX or TMSRX?

GFSYX has higher volatility (0.92%) compared to TMSRX (0.00%). In terms of maximum drawdown, GFSYX dropped -9.54% vs TMSRX's -10.67%.

Which has better risk-adjusted returns?

TMSRX currently has the higher Sharpe Ratio (2.13 vs 1.10), 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.