GIMMX vs. BAMBX
Compare and contrast key facts about Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and BlackRock Systematic Multi-Strategy Fund (BAMBX).
GIMMX is managed by Goldman Sachs. It was launched on Apr 29, 2013. BAMBX is a passively managed fund by BlackRock that tracks the performance of the ICE BofA 3 Month Treasury Bill Index (G0O1) (USD). It was launched on Sep 29, 2020.
Performance
GIMMX vs. BAMBX - Performance Comparison
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GIMMX vs. BAMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | -0.55% | 15.44% | -4.85% | 2.78% | -4.72% | 6.14% | 6.45% | 7.60% | -3.51% | -0.19% |
BAMBX BlackRock Systematic Multi-Strategy Fund | 0.97% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 1.51% | 9.72% |
Returns By Period
In the year-to-date period, GIMMX achieves a -0.55% return, which is significantly lower than BAMBX's 0.97% return. Over the past 10 years, GIMMX has underperformed BAMBX with an annualized return of 2.71%, while BAMBX has yielded a comparatively higher 4.43% annualized return.
GIMMX
- 1D
- -0.09%
- 1M
- -3.32%
- YTD
- -0.55%
- 6M
- 1.53%
- 1Y
- 8.81%
- 3Y*
- 4.05%
- 5Y*
- 2.70%
- 10Y*
- 2.71%
BAMBX
- 1D
- 0.48%
- 1M
- -3.15%
- YTD
- 0.97%
- 6M
- 2.65%
- 1Y
- 2.75%
- 3Y*
- 6.24%
- 5Y*
- 3.91%
- 10Y*
- 4.43%
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GIMMX vs. BAMBX - Expense Ratio Comparison
GIMMX has a 1.93% expense ratio, which is higher than BAMBX's 1.20% expense ratio.
Return for Risk
GIMMX vs. BAMBX — Risk / Return Rank
GIMMX
BAMBX
GIMMX vs. BAMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and BlackRock Systematic Multi-Strategy Fund (BAMBX). 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.
| GIMMX | BAMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.76 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.12 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.93 | +1.25 |
Martin ratioReturn relative to average drawdown | 6.93 | 3.30 | +3.63 |
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
| GIMMX | BAMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.76 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.10 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 1.25 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 1.35 | -0.96 |
Correlation
The correlation between GIMMX and BAMBX is 0.11, 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
GIMMX vs. BAMBX - Dividend Comparison
GIMMX's dividend yield for the trailing twelve months is around 8.42%, more than BAMBX's 1.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 8.42% | 8.38% | 5.08% | 3.43% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% |
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.95% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% | 0.00% |
Drawdowns
GIMMX vs. BAMBX - Drawdown Comparison
The maximum GIMMX drawdown since its inception was -12.67%, which is greater than BAMBX's maximum drawdown of -8.84%. Use the drawdown chart below to compare losses from any high point for GIMMX and BAMBX.
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Drawdown Indicators
| GIMMX | BAMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.67% | -8.84% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -3.61% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -12.67% | -6.66% | -6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -12.67% | -8.84% | -3.83% |
Current DrawdownCurrent decline from peak | -4.18% | -3.15% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -1.21% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.01% | +0.30% |
Volatility
GIMMX vs. BAMBX - Volatility Comparison
Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) has a higher volatility of 2.41% compared to BlackRock Systematic Multi-Strategy Fund (BAMBX) at 1.49%. This indicates that GIMMX's price experiences larger fluctuations and is considered to be riskier than BAMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMMX | BAMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 1.49% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 2.83% | +4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 4.02% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 3.56% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 3.54% | +1.90% |